AVGO vs. ATMP

Last updated Aug 6, 2026

AVGO (Broadcom Inc.) is a stock, while ATMP (Barclays ETN+ Select MLP ETN) is MLPs fund tracking the CIBC Atlas Select MLP VWAP. Over the past 10 years, AVGO returned 41.26%/yr vs 4.50%/yr for ATMP. Their 0.25 correlation means their historical movements had little consistent relationship.

Performance

AVGO vs. ATMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Broadcom Inc. (AVGO) and Barclays ETN+ Select MLP ETN (ATMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGO achieves a 21.30% return, which is significantly lower than ATMP's 22.91% return. Over the past 10 years, AVGO has outperformed ATMP with an annualized return of 41.26%, while ATMP has yielded a comparatively lower 4.50% annualized return.

AVGO

• 1D: 0.03%
• 1M: 11.87%
• 6M: 36.28%
• YTD: 21.30%
• 1Y: 43.84%
• 3Y*: 70.06%
• 5Y*: 56.76%
• 10Y*: 41.26%
• ALL TIME*: 41.30%

ATMP

• 1D: -1.53%
• 1M: 2.70%
• 6M: 12.85%
• YTD: 22.91%
• 1Y: 21.14%
• 3Y*: 19.37%
• 5Y*: 18.41%
• 10Y*: 4.50%
• ALL TIME*: 2.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ATMP Barclays ETN+ Select MLP ETN	$402.79K	$457.78K	$495.41K
AVGO Broadcom Inc.	$7.82B	$7.96B	$10.53B

AVGO vs. ATMP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVGO Broadcom Inc.	21.30%	50.63%	110.49%	104.18%	-13.27%	56.48%	44.88%	29.05%	2.18%	48.19%
ATMP Barclays ETN+ Select MLP ETN	22.91%	1.73%	31.66%	14.51%	20.71%	33.06%	-34.39%	0.39%	-14.55%	-11.89%

Correlation

The correlation between AVGO and ATMP 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.	0.09
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (10Y) Provides a long-term view across more market conditions.	0.23
Correlation (All Time) Calculated using the full available price history since Mar 13, 2013	0.25

The correlation between AVGO and ATMP shifts across timeframes, from -0.16 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AVGO vs. ATMP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVGO

AVGO Risk / Return Rank: 70
AVGO Sharpe Ratio Rank: 72
AVGO Sortino Ratio Rank: 68
AVGO Omega Ratio Rank: 68
AVGO Calmar Ratio Rank: 72
AVGO Martin Ratio Rank: 70

ATMP

ATMP Risk / Return Rank: 53
ATMP Sharpe Ratio Rank: 52
ATMP Sortino Ratio Rank: 52
ATMP Omega Ratio Rank: 47
ATMP Calmar Ratio Rank: 64
ATMP Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVGO vs. ATMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and Barclays ETN+ Select MLP ETN (ATMP). 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.

	AVGO	ATMP	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.46	-0.54
Sortino ratio: Return per unit of downside risk	1.51	2.09	-0.58
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.54	2.57	-1.03
Martin ratio: Return relative to average drawdown	3.05	6.70	-3.66

AVGO vs. ATMP - Sharpe Ratio Comparison

The current AVGO Sharpe Ratio is 0.92, which is lower than the ATMP Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of AVGO and ATMP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVGO vs. ATMP - Drawdown Comparison

The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for AVGO and ATMP.

Drawdown Indicators

	AVGO	ATMP	Difference
Max Drawdown Largest peak-to-trough decline	-48.30%	-80.86%	+32.56%
Max Drawdown (1Y) Largest decline over 1 year	-28.67%	-8.30%	-20.37%
Max Drawdown (3Y) Largest decline over 3 years	-41.15%	-16.48%	-24.67%
Max Drawdown (5Y) Largest decline over 5 years	-41.15%	-22.98%	-18.17%
Max Drawdown (10Y) Largest decline over 10 years	-48.30%	-75.66%	+27.36%
Current Drawdown Current decline from peak	-13.00%	-3.86%	-9.14%
Average Drawdown Average peak-to-trough decline	-8.08%	-30.79%	+22.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.43%	3.55%	+10.88%

Volatility

AVGO vs. ATMP - Volatility Comparison

Broadcom Inc. (AVGO) has a higher volatility of 13.30% compared to Barclays ETN+ Select MLP ETN (ATMP) at 4.70%. This indicates that AVGO's price experiences larger fluctuations and is considered to be riskier than ATMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGO	ATMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.30%	4.70%	+8.60%
Volatility (6M) Calculated over the trailing 6-month period	34.76%	11.78%	+22.98%
Volatility (1Y) Calculated over the trailing 1-year period	47.69%	14.64%	+33.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.05%	21.94%	+22.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.77%	27.61%	+12.16%

Dividends

AVGO vs. ATMP - Dividend Comparison

AVGO's dividend yield for the trailing twelve months is around 0.61%, while ATMP has not paid dividends to shareholders.

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%
AVGO Broadcom Inc.	0.61%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%

Frequently Asked Questions

Can I hold both AVGO and ATMP in my portfolio?

AVGO and ATMP 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.

Which is riskier, AVGO or ATMP?

AVGO has higher volatility (13.30%) compared to ATMP (4.70%). In terms of maximum drawdown, AVGO dropped -48.30% vs ATMP's -80.86%.

Which has better risk-adjusted returns?

ATMP currently has the higher Sharpe Ratio (1.46 vs 0.92), 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.