ATMP vs. USCI
ATMP (Barclays ETN+ Select MLP ETN) and USCI (United States Commodity Index Fund) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR). Both are passively managed. Over the past 10 years, ATMP returned 4.85%/yr vs 8.35%/yr for USCI. At a 0.36 correlation, their price movements are largely independent. ATMP charges 0.95%/yr vs 1.03%/yr for USCI.
Performance
ATMP vs. USCI - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 19.92% return, which is significantly lower than USCI's 25.01% return. Over the past 10 years, ATMP has underperformed USCI with an annualized return of 4.85%, while USCI has yielded a comparatively higher 8.35% annualized return.
ATMP
- 1D
- -0.58%
- 1M
- 0.80%
- YTD
- 19.92%
- 6M
- 18.88%
- 1Y
- 18.32%
- 3Y*
- 21.05%
- 5Y*
- 15.42%
- 10Y*
- 4.85%
USCI
- 1D
- 0.14%
- 1M
- -1.98%
- YTD
- 25.01%
- 6M
- 23.30%
- 1Y
- 33.84%
- 3Y*
- 21.81%
- 5Y*
- 18.56%
- 10Y*
- 8.35%
ATMP vs. USCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 19.92% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
USCI United States Commodity Index Fund | 25.01% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
Correlation
The correlation between ATMP and USCI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.36 |
The correlation between ATMP and USCI shifts across timeframes, from 0.27 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ATMP vs. USCI — Risk / Return Rank
ATMP
USCI
ATMP vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and United States Commodity Index Fund (USCI). 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.
| ATMP | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 3.89 | -1.36 |
| Martin ratioReturn relative to average drawdown | 6.05 | 13.23 | -7.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ATMP | USCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.03 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.01 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.53 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.29 | -0.20 |
Drawdowns
ATMP vs. USCI - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for ATMP and USCI.
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Drawdown Indicators
| ATMP | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -66.41% | -14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -8.73% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -12.01% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -18.84% | -4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -45.82% | -29.84% |
Current DrawdownCurrent decline from peak | -6.15% | -5.52% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -31.12% | -29.49% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.56% | +0.48% |
Volatility
ATMP vs. USCI - Volatility Comparison
Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.72% compared to United States Commodity Index Fund (USCI) at 4.35%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 4.35% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 14.06% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 16.79% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 18.44% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 15.85% | +11.84% |
ATMP vs. USCI - Expense Ratio Comparison
ATMP has a 0.95% expense ratio, which is lower than USCI's 1.03% expense ratio.
Dividends
ATMP vs. USCI - Dividend Comparison
Neither ATMP nor USCI has paid dividends to shareholders.
Frequently Asked Questions
ATMP and USCI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.72%) compared to USCI (4.35%). In terms of maximum drawdown, ATMP dropped -80.86% vs USCI's -66.41%.
On 10-year performance, USCI leads with 8.35% vs 4.85% for ATMP. On fees, ATMP is cheaper at 0.95% per year. On volatility, USCI has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USCI has performed better with a 8.35% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ATMP is cheaper with a 0.95% expense ratio, compared with 1.03% for USCI.
ATMP and USCI have nearly identical dividend yields, around 0.00%.
ATMP is categorized as MLPs, while USCI is Commodities. ATMP tracks CIBC Atlas Select MLP VWAP, while USCI tracks SummerHaven Dynamic Commodity (TR). They also come from different issuers: Barclays Capital and Concierge Technologies. Their fees differ too: 0.95% for ATMP and 1.03% for USCI.
USCI currently has the higher Sharpe Ratio (2.03 vs 1.31), 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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