ATMP vs. MLPA
ATMP (Barclays ETN+ Select MLP ETN) and MLPA (Global X MLP ETF) are both MLPs funds - ATMP tracks the CIBC Atlas Select MLP VWAP while MLPA tracks the Solactive MLP Infrastructure Index. Both are passively managed. Over the past 10 years, ATMP returned 4.90%/yr vs 6.22%/yr for MLPA. Their correlation of 0.89 suggests significant overlap in exposure. ATMP charges 0.95%/yr vs 0.46%/yr for MLPA.
Performance
ATMP vs. MLPA - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 20.02% return, which is significantly higher than MLPA's 16.07% return. Over the past 10 years, ATMP has underperformed MLPA with an annualized return of 4.90%, while MLPA has yielded a comparatively higher 6.22% annualized return.
ATMP
- 1D
- 0.07%
- 1M
- -2.32%
- YTD
- 20.02%
- 6M
- 19.57%
- 1Y
- 18.01%
- 3Y*
- 21.17%
- 5Y*
- 15.87%
- 10Y*
- 4.90%
MLPA
- 1D
- -0.31%
- 1M
- -0.52%
- YTD
- 16.07%
- 6M
- 14.82%
- 1Y
- 16.32%
- 3Y*
- 17.12%
- 5Y*
- 15.58%
- 10Y*
- 6.22%
ATMP vs. MLPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 20.02% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
MLPA Global X MLP ETF | 16.07% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
Correlation
The correlation between ATMP and MLPA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.89 |
The correlation between ATMP and MLPA has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
ATMP vs. MLPA — Risk / Return Rank
ATMP
MLPA
ATMP vs. MLPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Global X MLP ETF (MLPA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ATMP | MLPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.97 | +0.54 |
| Martin ratioReturn relative to average drawdown | 6.16 | 5.99 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ATMP | MLPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.37 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.86 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.23 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.16 | -0.07 |
Drawdowns
ATMP vs. MLPA - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, roughly equal to the maximum MLPA drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for ATMP and MLPA.
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Drawdown Indicators
| ATMP | MLPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -78.75% | -2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -8.33% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -14.20% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -18.75% | -4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -74.05% | -1.61% |
Current DrawdownCurrent decline from peak | -6.07% | -3.84% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -31.15% | -20.27% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.73% | +0.22% |
Volatility
ATMP vs. MLPA - Volatility Comparison
Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.61% compared to Global X MLP ETF (MLPA) at 4.50%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | MLPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 4.50% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 8.47% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 12.00% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.23% | 18.21% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 27.47% | +0.21% |
ATMP vs. MLPA - Expense Ratio Comparison
ATMP has a 0.95% expense ratio, which is higher than MLPA's 0.46% expense ratio.
Dividends
ATMP vs. MLPA - Dividend Comparison
ATMP has not paid dividends to shareholders, while MLPA's dividend yield for the trailing twelve months is around 7.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPA Global X MLP ETF | 7.28% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
Frequently Asked Questions
ATMP and MLPA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.61%) compared to MLPA (4.50%). In terms of maximum drawdown, ATMP dropped -80.86% vs MLPA's -78.75%.
On 10-year performance, MLPA leads with 6.22% vs 4.90% for ATMP. On fees, MLPA is cheaper at 0.46% per year. On volatility, MLPA has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPA has performed better with a 6.22% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPA is cheaper with a 0.46% expense ratio, compared with 0.95% for ATMP.
MLPA has the higher dividend yield at 7.28%, compared with 0.00% for ATMP.
ATMP tracks CIBC Atlas Select MLP VWAP, while MLPA tracks Solactive MLP Infrastructure Index. They also come from different issuers: Barclays Capital and Global X. Their fees differ too: 0.95% for ATMP and 0.46% for MLPA.
MLPA currently has the higher Sharpe Ratio (1.37 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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