ATMP vs. QLD
ATMP (Barclays ETN+ Select MLP ETN) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past 10 years, ATMP returned 5.16%/yr vs 32.56%/yr for QLD. Their 0.32 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
ATMP vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 26.22% return, which is significantly higher than QLD's 18.94% return. Over the past 10 years, ATMP has underperformed QLD with an annualized return of 5.16%, while QLD has yielded a comparatively higher 32.56% 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%
QLD
- 1D
- 1.20%
- 1M
- -7.66%
- 6M
- 16.78%
- YTD
- 18.94%
- 1Y
- 42.18%
- 3Y*
- 35.01%
- 5Y*
- 17.45%
- 10Y*
- 32.56%
- ALL TIME*
- 24.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $521.25K | $462.49K | $511.48K | |
| $408.78M | $399.91M | $439.78M |
ATMP vs. QLD - 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% |
QLD ProShares Ultra QQQ | 18.94% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between ATMP and QLD is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2013 | 0.32 |
The correlation between ATMP and QLD shifts across timeframes, from -0.16 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ATMP vs. QLD — Risk / Return Rank
ATMP
QLD
ATMP vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 1.46 | +1.35 |
| Martin ratioReturn relative to average drawdown | 6.57 | 4.32 | +2.25 |
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Drawdowns
ATMP vs. QLD - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for ATMP and QLD.
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Drawdown Indicators
| ATMP | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -83.13% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -25.13% | +16.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -42.29% | +25.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -63.68% | +40.70% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -63.68% | -11.98% |
Current DrawdownCurrent decline from peak | -1.27% | -16.72% | +15.45% |
Average DrawdownAverage peak-to-trough decline | -30.81% | -18.11% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 8.47% | -4.93% |
Volatility
ATMP vs. QLD - Volatility Comparison
The current volatility for Barclays ETN+ Select MLP ETN (ATMP) is 5.01%, while ProShares Ultra QQQ (QLD) has a volatility of 13.69%. This indicates that ATMP experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 13.69% | -8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 31.99% | -20.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 38.62% | -24.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 45.76% | -23.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.62% | 44.97% | -17.35% |
ATMP vs. QLD - Expense Ratio Comparison
Both ATMP and QLD have an expense ratio of 0.95%.
Dividends
ATMP vs. QLD - Dividend Comparison
ATMP has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.14%.
| 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% |
QLD ProShares Ultra QQQ | 0.14% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Frequently Asked Questions
ATMP and QLD have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLD has higher volatility (13.69%) compared to ATMP (5.01%). In terms of maximum drawdown, ATMP dropped -80.86% vs QLD's -83.13%.
On 10-year performance, QLD leads with 32.56% vs 5.16% for ATMP. Both ETFs have the same 0.95% expense ratio. 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, QLD has performed better with a 32.56% return vs 5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ATMP and QLD have the same expense ratio: 0.95% per year.
QLD has the higher dividend yield at 0.14%, compared with 0.00% for ATMP.
ATMP is categorized as MLPs, while QLD is Leveraged Equities. ATMP tracks CIBC Atlas Select MLP VWAP, while QLD tracks NASDAQ-100 Index (200%). They also come from different issuers: Barclays Capital and ProShares.
ATMP currently has the higher Sharpe Ratio (1.60 vs 0.95), 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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