MLPR vs. ATMP
MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%), while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 5 years, MLPR returned 26.89%/yr vs 15.87%/yr for ATMP. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
MLPR vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, MLPR achieves a 29.81% return, which is significantly higher than ATMP's 20.02% return.
MLPR
- 1D
- -0.37%
- 1M
- -1.12%
- YTD
- 29.81%
- 6M
- 26.95%
- 1Y
- 32.42%
- 3Y*
- 32.14%
- 5Y*
- 26.89%
- 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%
MLPR vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 29.81% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -9.51% |
ATMP Barclays ETN+ Select MLP ETN | 20.02% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -5.05% |
Correlation
The correlation between MLPR and ATMP is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.89 |
The correlation between MLPR and ATMP has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
MLPR vs. ATMP — Risk / Return Rank
MLPR
ATMP
MLPR vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) 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.
| MLPR | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.51 | -0.18 |
| Martin ratioReturn relative to average drawdown | 7.53 | 6.16 | +1.37 |
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
| MLPR | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.31 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.72 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.09 | +0.84 |
Drawdowns
MLPR vs. ATMP - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for MLPR and ATMP.
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Drawdown Indicators
| MLPR | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -80.86% | +31.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -7.26% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -24.45% | -16.48% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -22.98% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.66% | — |
Current DrawdownCurrent decline from peak | -7.07% | -6.07% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -31.15% | +22.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 2.95% | +1.37% |
Volatility
MLPR vs. ATMP - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 8.12% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.61%. This indicates that MLPR's price experiences larger fluctuations and is considered to be riskier 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
| MLPR | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 5.61% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 10.72% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 14.00% | +6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 22.23% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.75% | 27.68% | +6.07% |
MLPR vs. ATMP - Expense Ratio Comparison
Both MLPR and ATMP have an expense ratio of 0.95%.
Dividends
MLPR vs. ATMP - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.00%, while ATMP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.00% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
Frequently Asked Questions
MLPR and ATMP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPR has higher volatility (8.12%) compared to ATMP (5.61%). In terms of maximum drawdown, MLPR dropped -48.98% vs ATMP's -80.86%.
On 5-year performance, MLPR leads with 26.89% vs 15.87% for ATMP. Both ETFs have the same 0.95% expense ratio. On volatility, ATMP has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MLPR has performed better with a 26.89% return vs 15.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPR and ATMP have the same expense ratio: 0.95% per year.
MLPR has the higher dividend yield at 9.00%, compared with 0.00% for ATMP.
MLPR is categorized as Leveraged Equities, while ATMP is MLPs. MLPR tracks Alerian MLP Index (150%), while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: UBS and Barclays Capital.
MLPR currently has the higher Sharpe Ratio (1.59 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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