MLPX vs. ATMP
MLPX (Global X MLP & Energy Infrastructure ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both MLPs funds - MLPX tracks the Solactive MLP & Energy Infrastructure Index while ATMP tracks the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, MLPX returned 12.41%/yr vs 4.90%/yr for ATMP. Their correlation of 0.90 suggests significant overlap in exposure. MLPX charges 0.45%/yr vs 0.95%/yr for ATMP.
Performance
MLPX vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, MLPX achieves a 23.59% return, which is significantly higher than ATMP's 20.02% return. Over the past 10 years, MLPX has outperformed ATMP with an annualized return of 12.41%, while ATMP has yielded a comparatively lower 4.90% annualized return.
MLPX
- 1D
- -0.39%
- 1M
- -2.15%
- YTD
- 23.59%
- 6M
- 23.51%
- 1Y
- 22.94%
- 3Y*
- 28.13%
- 5Y*
- 20.92%
- 10Y*
- 12.41%
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%
MLPX vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPX Global X MLP & Energy Infrastructure ETF | 23.59% | 4.96% | 42.90% | 15.77% | 21.54% | 39.63% | -20.32% | 19.04% | -15.64% | -4.53% |
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 MLPX and ATMP is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2013 | 0.90 |
The correlation between MLPX and ATMP has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
MLPX vs. ATMP — Risk / Return Rank
MLPX
ATMP
MLPX vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure ETF (MLPX) 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.
| MLPX | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.51 | +0.31 |
| Martin ratioReturn relative to average drawdown | 7.27 | 6.16 | +1.11 |
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
| MLPX | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.31 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.72 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.18 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.09 | +0.26 |
Drawdowns
MLPX vs. ATMP - Drawdown Comparison
The maximum MLPX drawdown since its inception was -70.67%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for MLPX and ATMP.
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Drawdown Indicators
| MLPX | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.67% | -80.86% | +10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -7.26% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -16.48% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -22.98% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -64.70% | -75.66% | +10.96% |
Current DrawdownCurrent decline from peak | -5.68% | -6.07% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -31.15% | +14.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.95% | +0.22% |
Volatility
MLPX vs. ATMP - Volatility Comparison
Global X MLP & Energy Infrastructure ETF (MLPX) has a higher volatility of 6.41% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.61%. This indicates that MLPX'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
| MLPX | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 5.61% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 10.72% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 14.00% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 22.23% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.50% | 27.68% | -1.18% |
MLPX vs. ATMP - Expense Ratio Comparison
MLPX has a 0.45% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
MLPX vs. ATMP - Dividend Comparison
MLPX's dividend yield for the trailing twelve months is around 4.15%, 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% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.15% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
With a correlation of 0.91, MLPX and ATMP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MLPX has higher volatility (6.41%) compared to ATMP (5.61%). In terms of maximum drawdown, MLPX dropped -70.67% vs ATMP's -80.86%.
On 10-year performance, MLPX leads with 12.41% vs 4.90% for ATMP. On fees, MLPX is cheaper at 0.45% per year. 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 10-year period, MLPX has performed better with a 12.41% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.95% for ATMP.
MLPX has the higher dividend yield at 4.15%, compared with 0.00% for ATMP.
MLPX tracks Solactive MLP & Energy 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: 0.45% for MLPX and 0.95% for ATMP.
MLPX currently has the higher Sharpe Ratio (1.50 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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