CLSE vs. ATMP
CLSE (Convergence Long/Short Equity ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - CLSE is a Long-Short fund actively managed by Convergence Investment Partners, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. CLSE is actively managed, while ATMP is passively managed. Over the past 3 years, CLSE returned 32.39%/yr vs 21.17%/yr for ATMP. At a 0.29 correlation, their price movements are largely independent. CLSE charges 1.56%/yr vs 0.95%/yr for ATMP.
Performance
CLSE vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, CLSE achieves a 25.76% return, which is significantly higher than ATMP's 20.02% return.
CLSE
- 1D
- 0.35%
- 1M
- 9.28%
- YTD
- 25.76%
- 6M
- 28.57%
- 1Y
- 50.91%
- 3Y*
- 32.39%
- 5Y*
- —
- 10Y*
- —
ATMP
- 1D
- 0.07%
- 1M
- -2.32%
- YTD
- 20.02%
- 6M
- 19.57%
- 1Y
- 18.01%
- 3Y*
- 21.17%
- 5Y*
- 15.87%
- 10Y*
- 4.90%
CLSE vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 25.76% | 20.44% | 35.54% | 17.54% | -3.04% |
ATMP Barclays ETN+ Select MLP ETN | 20.02% | 1.73% | 31.66% | 14.51% | 11.26% |
Correlation
The correlation between CLSE and ATMP 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 | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022 | 0.29 |
The correlation between CLSE and ATMP shifts across timeframes, from -0.01 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CLSE vs. ATMP — Risk / Return Rank
CLSE
ATMP
CLSE vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) 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.
| CLSE | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.23 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 10.55 | 2.51 | +8.04 |
| Martin ratioReturn relative to average drawdown | 39.58 | 6.16 | +33.42 |
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
| CLSE | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.84 | 1.31 | +2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.59 | 0.09 | +1.50 |
Drawdowns
CLSE vs. ATMP - Drawdown Comparison
The maximum CLSE drawdown since its inception was -16.45%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for CLSE and ATMP.
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Drawdown Indicators
| CLSE | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.45% | -80.86% | +64.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -7.26% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | -16.48% | +0.03% |
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 | 0.00% | -6.07% | +6.07% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -31.15% | +27.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.95% | -1.66% |
Volatility
CLSE vs. ATMP - Volatility Comparison
The current volatility for Convergence Long/Short Equity ETF (CLSE) is 4.31%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.61%. This indicates that CLSE experiences smaller price fluctuations and is considered to be less risky than ATMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSE | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 5.61% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 10.72% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 14.00% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 22.23% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.88% | 27.68% | -13.80% |
CLSE vs. ATMP - Expense Ratio Comparison
CLSE has a 1.56% expense ratio, which is higher than ATMP's 0.95% expense ratio.
Dividends
CLSE vs. ATMP - Dividend Comparison
CLSE's dividend yield for the trailing twelve months is around 0.76%, while ATMP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CLSE Convergence Long/Short Equity ETF | 0.76% | 0.95% | 0.93% | 1.21% | 0.85% |
Frequently Asked Questions
CLSE and ATMP 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 (5.61%) compared to CLSE (4.31%). In terms of maximum drawdown, CLSE dropped -16.45% vs ATMP's -80.86%.
On 3-year performance, CLSE leads with 32.39% vs 21.17% for ATMP. On fees, ATMP is cheaper at 0.95% per year. On volatility, CLSE has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CLSE has performed better with a 32.39% return vs 21.17%. 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 1.56% for CLSE.
CLSE has the higher dividend yield at 0.76%, compared with 0.00% for ATMP.
CLSE is categorized as Long-Short, while ATMP is MLPs. They also come from different issuers: Convergence Investment Partners and Barclays Capital. Their fees differ too: 1.56% for CLSE and 0.95% for ATMP.
CLSE currently has the higher Sharpe Ratio (3.84 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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