BALQ vs. ATMP
BALQ (iShares Nasdaq Premium Income Active ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. BALQ is actively managed, while ATMP is passively managed. Their -0.26 correlation means they have often moved in opposite directions in the past. BALQ charges 0.35%/yr vs 0.95%/yr for ATMP.
Performance
BALQ vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, BALQ achieves a 20.79% return, which is significantly lower than ATMP's 22.91% return.
BALQ
- 1D
- -0.68%
- 1M
- 0.75%
- 6M
- 21.94%
- YTD
- 20.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $402.79K | $457.78K | $495.41K | |
| $290.28K | $234.43K | $183.19K |
BALQ vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 20.79% | 0.04% |
ATMP Barclays ETN+ Select MLP ETN | 22.91% | 0.65% |
Correlation
The correlation between BALQ and ATMP is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | -0.26 |
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Return for Risk
BALQ vs. ATMP — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ATMP
BALQ vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) 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.
| BALQ | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.57 | — |
| Martin ratioReturn relative to average drawdown | — | 6.70 | — |
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Drawdowns
BALQ vs. ATMP - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for BALQ and ATMP.
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Drawdown Indicators
| BALQ | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -80.86% | +69.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.30% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.66% | — |
Current DrawdownCurrent decline from peak | -1.92% | -3.86% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -30.79% | +28.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.55% | — |
Volatility
BALQ vs. ATMP - Volatility Comparison
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Volatility by Period
| BALQ | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.68% | 14.64% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 21.94% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 27.61% | -5.93% |
BALQ vs. ATMP - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
BALQ vs. ATMP - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 6.92%, while ATMP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% |
BALQ iShares Nasdaq Premium Income Active ETF | 6.92% | 0.95% |
Frequently Asked Questions
BALQ and ATMP have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BALQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BALQ is cheaper with a 0.35% expense ratio, compared with 0.95% for ATMP.
BALQ has the higher dividend yield at 6.92%, compared with 0.00% for ATMP.
BALQ is categorized as Nasdaq-100, while ATMP is MLPs. They also come from different issuers: iShares and Barclays Capital. Their fees differ too: 0.35% for BALQ and 0.95% for ATMP.
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