ATMP vs. MLPX
ATMP (Barclays ETN+ Select MLP ETN) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while MLPX is a Infrastructure Equities fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Over the past 10 years, ATMP returned 5.16%/yr vs 12.35%/yr for MLPX. Their correlation of 0.90 means they have usually moved in the same direction. ATMP charges 0.95%/yr vs 0.45%/yr for MLPX.
Performance
ATMP vs. MLPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ATMP having a 26.22% return and MLPX slightly higher at 26.75%. Over the past 10 years, ATMP has underperformed MLPX with an annualized return of 5.16%, while MLPX has yielded a comparatively higher 12.35% annualized return.
ATMP
- 1D
- 0.87%
- 1M
- 5.19%
- 6M
- 17.51%
- YTD
- 26.22%
- 1Y
- 23.85%
- 3Y*
- 20.30%
- 5Y*
- 18.49%
- 10Y*
- 5.16%
- ALL TIME*
- 2.84%
MLPX
- 1D
- 0.31%
- 1M
- 2.91%
- 6M
- 17.40%
- YTD
- 26.75%
- 1Y
- 26.87%
- 3Y*
- 26.63%
- 5Y*
- 22.92%
- 10Y*
- 12.35%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $521.25K | $462.49K | $511.48K | |
| $36.85M | $35.99M | $31.05M |
ATMP vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 26.22% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
MLPX Global X MLP & Energy Infrastructure ETF | 26.75% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
Correlation
The correlation between ATMP and MLPX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2013 | 0.90 |
The correlation between ATMP and MLPX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
ATMP vs. MLPX — Risk / Return Rank
ATMP
MLPX
ATMP vs. MLPX - 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 & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.27 | -0.46 |
| Martin ratioReturn relative to average drawdown | 6.57 | 7.63 | -1.06 |
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Drawdowns
ATMP vs. MLPX - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for ATMP and MLPX.
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Drawdown Indicators
| ATMP | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -70.67% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -8.18% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -16.77% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -19.72% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -64.70% | -10.96% |
Current DrawdownCurrent decline from peak | -1.27% | -3.27% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -30.81% | -16.47% | -14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.49% | +0.05% |
Volatility
ATMP vs. MLPX - Volatility Comparison
The current volatility for Barclays ETN+ Select MLP ETN (ATMP) is 5.01%, while Global X MLP & Energy Infrastructure ETF (MLPX) has a volatility of 5.46%. This indicates that ATMP experiences smaller price fluctuations and is considered to be less risky than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 5.46% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 12.52% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 15.68% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 19.90% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.62% | 26.14% | +1.48% |
ATMP vs. MLPX - Expense Ratio Comparison
ATMP has a 0.95% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
ATMP vs. MLPX - Dividend Comparison
ATMP has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.05%.
| 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.05% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
With a correlation of 0.92, ATMP and MLPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MLPX has higher volatility (5.46%) compared to ATMP (5.01%). In terms of maximum drawdown, ATMP dropped -80.86% vs MLPX's -70.67%.
On 10-year performance, MLPX leads with 12.35% vs 5.16% for ATMP. On fees, MLPX is cheaper at 0.45% per year. On volatility, ATMP has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPX has performed better with a 12.35% return vs 5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.95% for ATMP.
MLPX has the higher dividend yield at 4.05%, compared with 0.00% for ATMP.
ATMP is categorized as MLPs, while MLPX is Infrastructure Equities. ATMP tracks CIBC Atlas Select MLP VWAP, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: Barclays Capital and Global X. Their fees differ too: 0.95% for ATMP and 0.45% for MLPX.
MLPX currently has the higher Sharpe Ratio (1.71 vs 1.60), 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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