DEF vs. ATMP

Last updated Jul 17, 2026

DEF (Invesco Defensive Equity ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - DEF is a Large Cap Growth Equities fund tracking the Invesco Defensive Equity Index, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. At a correlation of -0.08, they often move in opposite directions. DEF charges 0.53%/yr vs 0.95%/yr for ATMP.

Performance

DEF vs. ATMP - Performance Comparison

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

Returns By Period

DEF

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATMP

• 1D: 1.45%
• 1M: 6.25%
• 6M: 22.03%
• YTD: 25.34%
• 1Y: 25.46%
• 3Y*: 21.54%
• 5Y*: 18.48%
• 10Y*: 4.65%

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

DEF vs. ATMP - Yearly Performance Comparison

	2026 (YTD)
DEF Invesco Defensive Equity ETF	-11.11%
ATMP Barclays ETN+ Select MLP ETN	3.92%

Correlation

The correlation between DEF and ATMP is -0.08, 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 (All Time) Calculated using the full available price history since Jun 8, 2026	-0.08

Return for Risk

DEF vs. ATMP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ATMP

ATMP Risk / Return Rank: 65
ATMP Sharpe Ratio Rank: 67
ATMP Sortino Ratio Rank: 68
ATMP Omega Ratio Rank: 61
ATMP Calmar Ratio Rank: 76
ATMP Martin Ratio Rank: 53

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.

DEF vs. ATMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) 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.

	DEF	ATMP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.75	—
Sortino ratio: Return per unit of downside risk	—	2.47	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.10	—
Martin ratio: Return relative to average drawdown	—	7.25	—

Drawdowns

Drawdown Indicators

	DEF	ATMP	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.86%	—
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 Drawdown Current decline from peak	—	-1.90%	—
Average Drawdown Average peak-to-trough decline	—	-30.91%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.53%	—

Volatility

Volatility by Period

	DEF	ATMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.63%	—

DEF vs. ATMP - Expense Ratio Comparison

DEF has a 0.53% expense ratio, which is lower than ATMP's 0.95% expense ratio.

Dividends

DEF vs. ATMP - Dividend Comparison

Neither DEF nor ATMP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DEF and ATMP in my portfolio?

DEF and ATMP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEF or ATMP?

On fees, DEF is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEF or ATMP?

DEF is cheaper with a 0.53% expense ratio, compared with 0.95% for ATMP.

Which ETF pays a higher dividend yield, DEF or ATMP?

DEF and ATMP have nearly identical dividend yields, around 0.00%.

What is the main difference between DEF and ATMP?

DEF is categorized as Large Cap Growth Equities, while ATMP is MLPs. DEF tracks Invesco Defensive Equity Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: Invesco and Barclays Capital. Their fees differ too: 0.53% for DEF and 0.95% for ATMP.