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ATMP vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ATMP vs. SPY

Last updated Jun 3, 2026

ATMP (Barclays ETN+ Select MLP ETN) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ATMP returned 4.89%/yr vs 15.57%/yr for SPY. At a 0.45 correlation, their price movements are largely independent. ATMP charges 0.95%/yr vs 0.09%/yr for SPY.

Performance

ATMP vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barclays ETN+ Select MLP ETN (ATMP) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ATMP achieves a 19.93% return, which is significantly higher than SPY's 11.69% return. Over the past 10 years, ATMP has underperformed SPY with an annualized return of 4.89%, while SPY has yielded a comparatively higher 15.57% annualized return.

ATMP

1D
-1.19%
1M
-1.47%
YTD
19.93%
6M
20.71%
1Y
19.23%
3Y*
21.15%
5Y*
16.13%
10Y*
4.89%

SPY

1D
0.14%
1M
5.40%
YTD
11.69%
6M
12.09%
1Y
29.62%
3Y*
22.64%
5Y*
14.20%
10Y*
15.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ATMP vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ATMP
Barclays ETN+ Select MLP ETN		19.93%1.73%31.66%14.51%20.71%33.06%-34.39%0.39%-14.55%-11.89%
SPY
State Street SPDR S&P 500 ETF		11.69%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between ATMP and SPY is -0.01, 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

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Mar 14, 2013

0.45

The correlation between ATMP and SPY shifts across timeframes, from -0.01 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Barclays ETN+ Select MLP ETN

State Street SPDR S&P 500 ETF

Often compared with ATMP:
ATMP vs. AMZAATMP vs. ENFRATMP vs. GSIBATMP vs. MLPXATMP vs. CLSEATMP vs. QLDATMP vs. MLPR
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

ATMP vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ATMP
ATMP Risk / Return Rank: 4040
Overall Rank
ATMP Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
ATMP Sortino Ratio Rank: 3838
Sortino Ratio Rank
ATMP Omega Ratio Rank: 3535
Omega Ratio Rank
ATMP Calmar Ratio Rank: 4949
Calmar Ratio Rank
ATMP Martin Ratio Rank: 3939
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 7575
Overall Rank
SPY Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 7575
Sortino Ratio Rank
SPY Omega Ratio Rank: 7676
Omega Ratio Rank
SPY Calmar Ratio Rank: 6868
Calmar Ratio Rank
SPY Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATMP vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and State Street SPDR S&P 500 ETF (SPY). 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.

ATMPSPYDifference

Sharpe ratio

Return per unit of total volatility

1.39

2.52

-1.13

Sortino ratio

Return per unit of downside risk

1.98

3.42

-1.44

Omega ratio

Gain probability vs. loss probability

1.24

1.46

-0.22

Calmar ratio

Return relative to maximum drawdown

2.50

3.42

-0.92

Martin ratio

Return relative to average drawdown

6.20

15.93

-9.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATMP vs. SPY - Sharpe Ratio Comparison

The current ATMP Sharpe Ratio is 1.39, which is lower than the SPY Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of ATMP and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ATMPSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

2.52

-1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.84

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.18

0.87

-0.69

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.59

-0.50

Drawdowns

ATMP vs. SPY - Drawdown Comparison

The maximum ATMP drawdown since its inception was -80.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ATMP and SPY.

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Drawdown Indicators

ATMPSPYDifference

Max Drawdown

Largest peak-to-trough decline

-80.86%

-55.19%

-25.67%

Max Drawdown (1Y)

Largest decline over 1 year

-7.26%

-8.88%

+1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-16.48%

-18.76%

+2.28%

Max Drawdown (5Y)

Largest decline over 5 years

-22.98%

-24.50%

+1.52%

Max Drawdown (10Y)

Largest decline over 10 years

-75.66%

-33.72%

-41.94%

Current Drawdown

Current decline from peak

-6.13%

0.00%

-6.13%

Average Drawdown

Average peak-to-trough decline

-31.15%

-9.05%

-22.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

1.91%

+1.02%

Volatility

ATMP vs. SPY - Volatility Comparison

Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 6.18% compared to State Street SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ATMPSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.18%

2.75%

+3.43%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

8.89%

+1.85%

Volatility (1Y)

Calculated over the trailing 1-year period

14.05%

11.81%

+2.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.23%

17.05%

+5.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.69%

17.94%

+9.75%

ATMP vs. SPY - Expense Ratio Comparison

ATMP has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

ATMP vs. SPY - Dividend Comparison

ATMP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.97%.

PositionTTM20252024202320222021202020192018201720162015
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%
SPY
State Street SPDR S&P 500 ETF		0.97%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

ATMP and SPY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ATMP has higher volatility (6.18%) compared to SPY (2.75%). In terms of maximum drawdown, ATMP dropped -80.86% vs SPY's -55.19%.

On 10-year performance, SPY leads with 15.57% vs 4.89% for ATMP. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPY has performed better with a 15.57% return vs 4.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPY is cheaper with a 0.09% expense ratio, compared with 0.95% for ATMP.

SPY has the higher dividend yield at 0.97%, compared with 0.00% for ATMP.

ATMP is categorized as MLPs, while SPY is S&P 500. ATMP tracks CIBC Atlas Select MLP VWAP, while SPY tracks S&P 500 Index. They also come from different issuers: Barclays Capital and State Street. Their fees differ too: 0.95% for ATMP and 0.09% for SPY.

SPY currently has the higher Sharpe Ratio (2.52 vs 1.39), 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.

Portfolio Optimizer

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