ATMP vs. MLPR
ATMP (Barclays ETN+ Select MLP ETN) and MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%). Both are passively managed. Over the past 5 years, ATMP returned 15.35%/yr vs 24.78%/yr for MLPR. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
ATMP vs. MLPR - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 18.11% return, which is significantly lower than MLPR's 21.25% return.
ATMP
- 1D
- 0.65%
- 1M
- -7.19%
- YTD
- 18.11%
- 6M
- 18.98%
- 1Y
- 17.21%
- 3Y*
- 21.07%
- 5Y*
- 15.35%
- 10Y*
- 4.66%
MLPR
- 1D
- -0.79%
- 1M
- -12.39%
- YTD
- 21.25%
- 6M
- 21.60%
- 1Y
- 23.14%
- 3Y*
- 30.20%
- 5Y*
- 24.78%
- 10Y*
- —
ATMP vs. MLPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 18.11% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -2.18% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 21.25% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -7.10% |
Correlation
The correlation between ATMP and MLPR 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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.89 |
The correlation between ATMP and MLPR has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
ATMP vs. MLPR — Risk / Return Rank
ATMP
MLPR
ATMP vs. MLPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ATMP | MLPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.66 | +0.43 |
| Martin ratioReturn relative to average drawdown | 5.25 | 4.86 | +0.39 |
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Drawdowns
ATMP vs. MLPR - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than MLPR's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for ATMP and MLPR.
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Drawdown Indicators
| ATMP | MLPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -48.98% | -31.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -13.97% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -24.45% | +7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -28.66% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | — | — |
Current DrawdownCurrent decline from peak | -7.56% | -13.19% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -31.04% | -8.94% | -22.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 4.77% | -1.47% |
Volatility
ATMP vs. MLPR - Volatility Comparison
The current volatility for Barclays ETN+ Select MLP ETN (ATMP) is 5.25%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 7.59%. This indicates that ATMP experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | MLPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 7.59% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 15.35% | -4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.27% | 20.95% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 29.38% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 33.70% | -6.02% |
ATMP vs. MLPR - Expense Ratio Comparison
Both ATMP and MLPR have an expense ratio of 0.95%.
Dividends
ATMP vs. MLPR - Dividend Comparison
ATMP has not paid dividends to shareholders, while MLPR's dividend yield for the trailing twelve months is around 9.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.64% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
Frequently Asked Questions
ATMP and MLPR 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.
MLPR has higher volatility (7.59%) compared to ATMP (5.25%). In terms of maximum drawdown, ATMP dropped -80.86% vs MLPR's -48.98%.
On 5-year performance, MLPR leads with 24.78% vs 15.35% for ATMP. Both ETFs have the same 0.95% expense ratio. On volatility, ATMP has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MLPR has performed better with a 24.78% return vs 15.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ATMP and MLPR have the same expense ratio: 0.95% per year.
MLPR has the higher dividend yield at 9.64%, compared with 0.00% for ATMP.
ATMP is categorized as MLPs, while MLPR is Leveraged Equities. ATMP tracks CIBC Atlas Select MLP VWAP, while MLPR tracks Alerian MLP Index (150%). They also come from different issuers: Barclays Capital and UBS.
ATMP currently has the higher Sharpe Ratio (1.22 vs 1.11), 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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