ATMP vs. SMIN
ATMP (Barclays ETN+ Select MLP ETN) and SMIN (iShares MSCI India Small-Cap ETF) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while SMIN is a Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Both are passively managed. Over the past 10 years, ATMP returned 5.20%/yr vs 9.73%/yr for SMIN. At a 0.25 correlation, their price movements are largely independent. ATMP charges 0.95%/yr vs 0.76%/yr for SMIN.
Performance
ATMP vs. SMIN - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 20.60% return, which is significantly higher than SMIN's -4.03% return. Over the past 10 years, ATMP has underperformed SMIN with an annualized return of 5.20%, while SMIN has yielded a comparatively higher 9.73% 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%
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
ATMP vs. SMIN - 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% |
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -25.55% | 62.36% |
Correlation
The correlation between ATMP and SMIN is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2013 | 0.25 |
The correlation between ATMP and SMIN shifts across timeframes, from -0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ATMP vs. SMIN — Risk / Return Rank
ATMP
SMIN
ATMP vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and iShares MSCI India Small-Cap ETF (SMIN). 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 | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.93 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.39 | +2.92 |
| Martin ratioReturn relative to average drawdown | 5.89 | -0.87 | +6.75 |
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Drawdowns
ATMP vs. SMIN - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for ATMP and SMIN.
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Drawdown Indicators
| ATMP | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -60.50% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -24.54% | +17.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -27.58% | +11.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -27.58% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -60.50% | -15.16% |
Current DrawdownCurrent decline from peak | -5.61% | -16.07% | +10.46% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -14.62% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 11.01% | -7.88% |
Volatility
ATMP vs. SMIN - Volatility Comparison
Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.64% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 4.86% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 15.58% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 18.67% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 18.88% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.67% | 22.83% | +4.84% |
ATMP vs. SMIN - Expense Ratio Comparison
ATMP has a 0.95% expense ratio, which is higher than SMIN's 0.76% expense ratio.
Dividends
ATMP vs. SMIN - Dividend Comparison
ATMP has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.
| 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% |
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
ATMP and SMIN 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.
ATMP has higher volatility (5.64%) compared to SMIN (4.86%). In terms of maximum drawdown, ATMP dropped -80.86% vs SMIN's -60.50%.
On 10-year performance, SMIN leads with 9.73% vs 5.20% for ATMP. On fees, SMIN is cheaper at 0.76% per year. On volatility, SMIN has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SMIN has performed better with a 9.73% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMIN is cheaper with a 0.76% expense ratio, compared with 0.95% for ATMP.
SMIN has the higher dividend yield at 2.10%, compared with 0.00% for ATMP.
ATMP is categorized as MLPs, while SMIN is Asia Pacific Equities. ATMP tracks CIBC Atlas Select MLP VWAP, while SMIN tracks MSCI India Small Cap Index. They also come from different issuers: Barclays Capital and iShares. Their fees differ too: 0.95% for ATMP and 0.76% for SMIN.
ATMP currently has the higher Sharpe Ratio (1.30 vs -0.51), 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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