ATMP vs. MLPB

Last updated Jun 4, 2026

ATMP (Barclays ETN+ Select MLP ETN) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both MLPs funds - ATMP tracks the CIBC Atlas Select MLP VWAP while MLPB tracks the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 10 years, ATMP returned 4.90%/yr vs 10.20%/yr for MLPB. A 0.73 correlation means they provide meaningful diversification when combined. ATMP charges 0.95%/yr vs 0.85%/yr for MLPB.

Performance

ATMP vs. MLPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barclays ETN+ Select MLP ETN (ATMP) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ATMP having a 20.02% return and MLPB slightly lower at 19.72%. Over the past 10 years, ATMP has underperformed MLPB with an annualized return of 4.90%, while MLPB has yielded a comparatively higher 10.20% 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%

MLPB

• 1D: -0.05%
• 1M: -0.42%
• YTD: 19.72%
• 6M: 18.24%
• 1Y: 20.60%
• 3Y*: 22.21%
• 5Y*: 19.42%
• 10Y*: 10.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATMP vs. MLPB - 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%
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	19.72%	7.40%	25.53%	22.01%	30.22%	39.42%	-30.80%	5.69%	-8.79%	-9.71%

Correlation

The correlation between ATMP and MLPB is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.73

The correlation between ATMP and MLPB shifts across timeframes, from 0.73 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ATMP vs. MLPB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATMP

ATMP Risk / Return Rank: 39
ATMP Sharpe Ratio Rank: 36
ATMP Sortino Ratio Rank: 35
ATMP Omega Ratio Rank: 33
ATMP Calmar Ratio Rank: 51
ATMP Martin Ratio Rank: 38

MLPB

MLPB Risk / Return Rank: 42
MLPB Sharpe Ratio Rank: 43
MLPB Sortino Ratio Rank: 42
MLPB Omega Ratio Rank: 40
MLPB Calmar Ratio Rank: 43
MLPB Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATMP vs. MLPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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	MLPB	Difference
Sharpe ratio Return per unit of total volatility	1.31	1.54	-0.23
Sortino ratio Return per unit of downside risk	1.87	2.16	-0.29
Omega ratio Gain probability vs. loss probability	1.23	1.26	-0.04
Calmar ratio Return relative to maximum drawdown	2.51	2.14	+0.38
Martin ratio Return relative to average drawdown	6.16	6.60	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATMP vs. MLPB - Sharpe Ratio Comparison

The current ATMP Sharpe Ratio is 1.31, which is comparable to the MLPB Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of ATMP and MLPB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATMP	MLPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.54	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.97	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.37	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.24	-0.15

Drawdowns

ATMP vs. MLPB - Drawdown Comparison

The maximum ATMP drawdown since its inception was -80.86%, which is greater than MLPB's maximum drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for ATMP and MLPB.

Drawdown Indicators

	ATMP	MLPB	Difference
Max Drawdown Largest peak-to-trough decline	-80.86%	-71.93%	-8.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-9.68%	+2.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-16.49%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-22.98%	-20.41%	-2.57%
Max Drawdown (10Y) Largest decline over 10 years	-75.66%	-71.93%	-3.73%
Current Drawdown Current decline from peak	-6.07%	-4.69%	-1.38%
Average Drawdown Average peak-to-trough decline	-31.15%	-14.83%	-16.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.13%	-0.18%

Volatility

ATMP vs. MLPB - Volatility Comparison

Barclays ETN+ Select MLP ETN (ATMP) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) have volatilities of 5.61% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATMP	MLPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.40%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	10.05%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	13.51%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.23%	20.03%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	28.11%	-0.43%

ATMP vs. MLPB - Expense Ratio Comparison

ATMP has a 0.95% expense ratio, which is higher than MLPB's 0.85% expense ratio.

Dividends

ATMP vs. MLPB - Dividend Comparison

ATMP has not paid dividends to shareholders, while MLPB's dividend yield for the trailing twelve months is around 5.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	5.85%	6.51%	5.95%	6.37%	6.00%	6.98%	11.93%	7.98%	8.11%	7.23%	6.85%

Frequently Asked Questions

Can I hold both ATMP and MLPB in my portfolio?

ATMP and MLPB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATMP or MLPB?

ATMP has higher volatility (5.61%) compared to MLPB (5.40%). In terms of maximum drawdown, ATMP dropped -80.86% vs MLPB's -71.93%.

Which ETF is better, ATMP or MLPB?

On 10-year performance, MLPB leads with 10.20% vs 4.90% for ATMP. On fees, MLPB is cheaper at 0.85% per year. On volatility, MLPB has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATMP or MLPB?

Over the 10-year period, MLPB has performed better with a 10.20% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATMP or MLPB?

MLPB is cheaper with a 0.85% expense ratio, compared with 0.95% for ATMP.

Which ETF pays a higher dividend yield, ATMP or MLPB?

MLPB has the higher dividend yield at 5.85%, compared with 0.00% for ATMP.

What is the main difference between ATMP and MLPB?

ATMP tracks CIBC Atlas Select MLP VWAP, while MLPB tracks Alerian MLP Infrastructure Index. They also come from different issuers: Barclays Capital and UBS. Their fees differ too: 0.95% for ATMP and 0.85% for MLPB.

Which has better risk-adjusted returns?

MLPB currently has the higher Sharpe Ratio (1.54 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.