MLPA vs. ATMP
MLPA (Global X MLP ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both MLPs funds - MLPA tracks the Solactive MLP Infrastructure Index while ATMP tracks the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, MLPA returned 6.22%/yr vs 4.90%/yr for ATMP. Their correlation of 0.89 suggests significant overlap in exposure. MLPA charges 0.46%/yr vs 0.95%/yr for ATMP.
Performance
MLPA vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, MLPA achieves a 16.07% return, which is significantly lower than ATMP's 20.02% return. Over the past 10 years, MLPA has outperformed ATMP with an annualized return of 6.22%, while ATMP has yielded a comparatively lower 4.90% annualized return.
MLPA
- 1D
- -0.31%
- 1M
- -0.52%
- YTD
- 16.07%
- 6M
- 14.82%
- 1Y
- 16.32%
- 3Y*
- 17.12%
- 5Y*
- 15.58%
- 10Y*
- 6.22%
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%
MLPA vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 16.07% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
ATMP Barclays ETN+ Select MLP ETN | 20.02% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between MLPA and ATMP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.89 |
The correlation between MLPA and ATMP has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
MLPA vs. ATMP — Risk / Return Rank
MLPA
ATMP
MLPA vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) 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.
| MLPA | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.51 | -0.54 |
| Martin ratioReturn relative to average drawdown | 5.99 | 6.16 | -0.16 |
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
| MLPA | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.31 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.72 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.18 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.09 | +0.07 |
Drawdowns
MLPA vs. ATMP - Drawdown Comparison
The maximum MLPA drawdown since its inception was -78.75%, roughly equal to the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for MLPA and ATMP.
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Drawdown Indicators
| MLPA | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.75% | -80.86% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -7.26% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.20% | -16.48% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -22.98% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -74.05% | -75.66% | +1.61% |
Current DrawdownCurrent decline from peak | -3.84% | -6.07% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -31.15% | +10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.95% | -0.22% |
Volatility
MLPA vs. ATMP - Volatility Comparison
The current volatility for Global X MLP ETF (MLPA) is 4.50%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.61%. This indicates that MLPA 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
| MLPA | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 5.61% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 10.72% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 14.00% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 22.23% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.47% | 27.68% | -0.21% |
MLPA vs. ATMP - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
MLPA vs. ATMP - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.28%, 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% |
MLPA Global X MLP ETF | 7.28% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
Frequently Asked Questions
MLPA and ATMP have a correlation of 0.87, 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 MLPA (4.50%). In terms of maximum drawdown, MLPA dropped -78.75% vs ATMP's -80.86%.
On 10-year performance, MLPA leads with 6.22% vs 4.90% for ATMP. On fees, MLPA is cheaper at 0.46% per year. On volatility, MLPA has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPA has performed better with a 6.22% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPA is cheaper with a 0.46% expense ratio, compared with 0.95% for ATMP.
MLPA has the higher dividend yield at 7.28%, compared with 0.00% for ATMP.
MLPA tracks Solactive MLP Infrastructure Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: Global X and Barclays Capital. Their fees differ too: 0.46% for MLPA and 0.95% for ATMP.
MLPA currently has the higher Sharpe Ratio (1.37 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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