IPKW vs. ATMP
IPKW (Invesco International BuyBack Achievers™ ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - IPKW is a Global Equities fund tracking the NASDAQ International BuyBack Achievers Index, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, IPKW returned 11.93%/yr vs 5.20%/yr for ATMP. At a 0.46 correlation, their price movements are largely independent. IPKW charges 0.55%/yr vs 0.95%/yr for ATMP.
Performance
IPKW vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, IPKW achieves a 5.48% return, which is significantly lower than ATMP's 20.60% return. Over the past 10 years, IPKW has outperformed ATMP with an annualized return of 11.93%, while ATMP has yielded a comparatively lower 5.20% annualized return.
IPKW
- 1D
- 0.03%
- 1M
- -1.22%
- YTD
- 5.48%
- 6M
- 7.67%
- 1Y
- 23.37%
- 3Y*
- 22.77%
- 5Y*
- 9.12%
- 10Y*
- 11.93%
ATMP
- 1D
- 0.46%
- 1M
- -3.30%
- YTD
- 20.60%
- 6M
- 20.43%
- 1Y
- 18.09%
- 3Y*
- 21.55%
- 5Y*
- 15.05%
- 10Y*
- 5.20%
IPKW vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPKW Invesco International BuyBack Achievers™ ETF | 5.48% | 45.50% | 10.56% | 15.12% | -12.81% | 11.41% | 16.18% | 20.26% | -21.59% | 34.21% |
ATMP Barclays ETN+ Select MLP ETN | 20.60% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between IPKW and ATMP is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2014 | 0.46 |
Over the past year, the correlation between IPKW and ATMP has dropped to 0.14 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
IPKW vs. ATMP — Risk / Return Rank
IPKW
ATMP
IPKW vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) 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.
| IPKW | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.53 | -0.04 |
| Martin ratioReturn relative to average drawdown | 8.37 | 5.89 | +2.48 |
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Drawdowns
IPKW vs. ATMP - Drawdown Comparison
The maximum IPKW drawdown since its inception was -47.24%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for IPKW and ATMP.
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Drawdown Indicators
| IPKW | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.24% | -80.86% | +33.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -7.30% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | -16.48% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | -22.98% | -9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | -75.66% | +28.42% |
Current DrawdownCurrent decline from peak | -3.00% | -5.61% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -31.08% | +22.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 3.13% | -0.41% |
Volatility
IPKW vs. ATMP - Volatility Comparison
The current volatility for Invesco International BuyBack Achievers™ ETF (IPKW) is 4.33%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.64%. This indicates that IPKW 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
| IPKW | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.64% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 10.99% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 14.18% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 22.25% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 27.67% | -9.77% |
IPKW vs. ATMP - Expense Ratio Comparison
IPKW has a 0.55% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
IPKW vs. ATMP - Dividend Comparison
IPKW's dividend yield for the trailing twelve months is around 3.54%, 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% |
IPKW Invesco International BuyBack Achievers™ ETF | 3.54% | 3.55% | 4.12% | 2.66% | 3.77% | 7.37% | 1.45% | 2.41% | 2.61% | 0.93% | 2.82% | 1.31% |
Frequently Asked Questions
IPKW and ATMP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.64%) compared to IPKW (4.33%). In terms of maximum drawdown, IPKW dropped -47.24% vs ATMP's -80.86%.
On 10-year performance, IPKW leads with 11.93% vs 5.20% for ATMP. On fees, IPKW is cheaper at 0.55% per year. On volatility, IPKW has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IPKW has performed better with a 11.93% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IPKW is cheaper with a 0.55% expense ratio, compared with 0.95% for ATMP.
IPKW has the higher dividend yield at 3.54%, compared with 0.00% for ATMP.
IPKW is categorized as Global Equities, while ATMP is MLPs. IPKW tracks NASDAQ International BuyBack Achievers Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: Invesco and Barclays Capital. Their fees differ too: 0.55% for IPKW and 0.95% for ATMP.
IPKW currently has the higher Sharpe Ratio (1.55 vs 1.30), 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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