ATMP vs. SHOP
ATMP (Barclays ETN+ Select MLP ETN) is MLPs fund tracking the CIBC Atlas Select MLP VWAP, while SHOP (Shopify Inc.) is a stock. Over the past 10 years, ATMP returned 5.20%/yr vs 43.59%/yr for SHOP. At a 0.20 correlation, their price movements are largely independent.
Performance
ATMP vs. SHOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ATMP achieves a 20.60% return, which is significantly higher than SHOP's -32.76% return. Over the past 10 years, ATMP has underperformed SHOP with an annualized return of 5.20%, while SHOP has yielded a comparatively higher 43.59% annualized return.
ATMP
- 1D
- 0.46%
- 1M
- -3.30%
- YTD
- 20.60%
- 6M
- 20.43%
- 1Y
- 18.09%
- 3Y*
- 21.55%
- 5Y*
- 15.05%
- 10Y*
- 5.20%
SHOP
- 1D
- -2.02%
- 1M
- 11.11%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
ATMP vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 20.60% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between ATMP and SHOP is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.20 |
The correlation between ATMP and SHOP shifts across timeframes, from -0.10 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ATMP vs. SHOP — Risk / Return Rank
ATMP
SHOP
ATMP vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.05 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.02 | +2.55 |
| Martin ratioReturn relative to average drawdown | 5.89 | -0.04 | +5.93 |
Loading charts...
Drawdowns
ATMP vs. SHOP - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for ATMP and SHOP.
Loading charts...
Drawdown Indicators
| ATMP | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -84.82% | +3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -46.71% | +39.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -46.71% | +30.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -84.82% | +61.84% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -84.82% | +9.16% |
Current DrawdownCurrent decline from peak | -5.61% | -39.53% | +33.92% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -28.23% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 22.27% | -19.14% |
Volatility
ATMP vs. SHOP - Volatility Comparison
The current volatility for Barclays ETN+ Select MLP ETN (ATMP) is 5.64%, while Shopify Inc. (SHOP) has a volatility of 15.38%. This indicates that ATMP experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ATMP | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 15.38% | -9.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 43.41% | -32.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 57.03% | -42.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 65.55% | -43.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.67% | 59.07% | -31.40% |
Dividends
ATMP vs. SHOP - Dividend Comparison
Neither ATMP nor SHOP has paid dividends to shareholders.
Frequently Asked Questions
ATMP and SHOP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to ATMP (5.64%). In terms of maximum drawdown, ATMP dropped -80.86% vs SHOP's -84.82%.
ATMP currently has the higher Sharpe Ratio (1.30 vs -0.02), 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.
Find the right allocation for ATMP and SHOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer