MLPB vs. ATMP
MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) and ATMP (Barclays ETN+ Select MLP ETN) are both MLPs funds - MLPB tracks the Alerian MLP Infrastructure Index while ATMP tracks the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, MLPB returned 7.81%/yr vs 4.66%/yr for ATMP. A 0.73 correlation means they provide meaningful diversification when combined. MLPB charges 0.85%/yr vs 0.95%/yr for ATMP.
Performance
MLPB vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, MLPB achieves a 14.66% return, which is significantly lower than ATMP's 18.11% return. Over the past 10 years, MLPB has outperformed ATMP with an annualized return of 7.81%, while ATMP has yielded a comparatively lower 4.66% annualized return.
MLPB
- 1D
- -0.18%
- 1M
- -8.01%
- YTD
- 14.66%
- 6M
- 15.05%
- 1Y
- 15.47%
- 3Y*
- 21.12%
- 5Y*
- 18.03%
- 10Y*
- 7.81%
ATMP
- 1D
- 0.65%
- 1M
- -7.19%
- YTD
- 18.11%
- 6M
- 18.98%
- 1Y
- 17.21%
- 3Y*
- 21.07%
- 5Y*
- 15.35%
- 10Y*
- 4.66%
MLPB vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 14.66% | 7.40% | 25.53% | 22.01% | 30.22% | 39.42% | -30.80% | 5.69% | -8.79% | -9.71% |
ATMP Barclays ETN+ Select MLP ETN | 18.11% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between MLPB and ATMP is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.73 |
The correlation between MLPB and ATMP shifts across timeframes, from 0.73 (all time) to 0.90 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MLPB vs. ATMP — Risk / Return Rank
MLPB
ATMP
MLPB vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) 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.
| MLPB | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.09 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.54 | 5.25 | -0.71 |
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Drawdowns
MLPB vs. ATMP - Drawdown Comparison
The maximum MLPB drawdown since its inception was -71.93%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for MLPB and ATMP.
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Drawdown Indicators
| MLPB | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.93% | -80.86% | +8.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -8.30% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -16.48% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -22.98% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -71.93% | -75.66% | +3.73% |
Current DrawdownCurrent decline from peak | -8.72% | -7.56% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -14.78% | -31.04% | +16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.30% | +0.12% |
Volatility
MLPB vs. ATMP - Volatility Comparison
The current volatility for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is 4.76%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.25%. This indicates that MLPB 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
| MLPB | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 5.25% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 10.97% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 14.27% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 22.11% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.15% | 27.68% | -0.53% |
MLPB vs. ATMP - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
MLPB vs. ATMP - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 6.11%, while ATMP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 6.11% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% |
Frequently Asked Questions
MLPB and ATMP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.25%) compared to MLPB (4.76%). In terms of maximum drawdown, MLPB dropped -71.93% vs ATMP's -80.86%.
On 10-year performance, MLPB leads with 7.81% vs 4.66% for ATMP. On fees, MLPB is cheaper at 0.85% per year. On volatility, MLPB has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MLPB has performed better with a 7.81% return vs 4.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPB is cheaper with a 0.85% expense ratio, compared with 0.95% for ATMP.
MLPB has the higher dividend yield at 6.11%, compared with 0.00% for ATMP.
MLPB tracks Alerian MLP Infrastructure Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: UBS and Barclays Capital. Their fees differ too: 0.85% for MLPB and 0.95% for ATMP.
ATMP currently has the higher Sharpe Ratio (1.22 vs 1.15), 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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