PCCE vs. ATMP

Last updated Jul 12, 2026

PCCE (Polen Capital China Growth ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - PCCE is a China Equities fund actively managed by Polen, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. PCCE is actively managed, while ATMP is passively managed. Over the past year, PCCE returned -0.44% vs 21.72% for ATMP. At a 0.11 correlation, their price movements are largely independent. PCCE charges 1.00%/yr vs 0.95%/yr for ATMP.

Performance

PCCE vs. ATMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital China Growth ETF (PCCE) and Barclays ETN+ Select MLP ETN (ATMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCCE achieves a -6.04% return, which is significantly lower than ATMP's 22.14% return.

PCCE

• 1D: -1.24%
• 1M: -1.64%
• 6M: -9.96%
• YTD: -6.04%
• 1Y: -0.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATMP

• 1D: -0.31%
• 1M: 1.28%
• 6M: 21.51%
• YTD: 22.14%
• 1Y: 21.72%
• 3Y*: 20.35%
• 5Y*: 16.24%
• 10Y*: 4.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCCE vs. ATMP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PCCE Polen Capital China Growth ETF	-6.04%	23.07%	10.79%
ATMP Barclays ETN+ Select MLP ETN	22.14%	1.73%	22.81%

Correlation

The correlation between PCCE and ATMP is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.11

The correlation between PCCE and ATMP shifts across timeframes, from -0.06 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PCCE vs. ATMP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCCE

PCCE Risk / Return Rank: 9
PCCE Sharpe Ratio Rank: 9
PCCE Sortino Ratio Rank: 9
PCCE Omega Ratio Rank: 9
PCCE Calmar Ratio Rank: 9
PCCE Martin Ratio Rank: 9

ATMP

ATMP Risk / Return Rank: 56
ATMP Sharpe Ratio Rank: 56
ATMP Sortino Ratio Rank: 56
ATMP Omega Ratio Rank: 51
ATMP Calmar Ratio Rank: 67
ATMP Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCCE vs. ATMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital China Growth ETF (PCCE) 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.

	PCCE	ATMP	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	1.53	-1.55
Sortino ratio: Return per unit of downside risk	0.11	2.18	-2.07
Omega ratio: Gain probability vs. loss probability	1.01	1.26	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.02	2.68	-2.70
Martin ratio: Return relative to average drawdown	-0.04	6.29	-6.33

PCCE vs. ATMP - Sharpe Ratio Comparison

The current PCCE Sharpe Ratio is -0.02, which is lower than the ATMP Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PCCE and ATMP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PCCE vs. ATMP - Drawdown Comparison

The maximum PCCE drawdown since its inception was -26.38%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for PCCE and ATMP.

Drawdown Indicators

	PCCE	ATMP	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-80.86%	+54.48%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	-8.30%	-8.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.66%	—
Current Drawdown Current decline from peak	-14.25%	-4.41%	-9.84%
Average Drawdown Average peak-to-trough decline	-10.08%	-30.94%	+20.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	3.52%	+4.91%

Volatility

PCCE vs. ATMP - Volatility Comparison

Polen Capital China Growth ETF (PCCE) has a higher volatility of 5.96% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.26%. This indicates that PCCE'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.

Volatility by Period

	PCCE	ATMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	5.26%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	11.41%	+3.65%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	14.50%	+5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	22.11%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.01%	27.64%	-1.63%

PCCE vs. ATMP - Expense Ratio Comparison

PCCE has a 1.00% expense ratio, which is higher than ATMP's 0.95% expense ratio.

Dividends

PCCE vs. ATMP - Dividend Comparison

PCCE's dividend yield for the trailing twelve months is around 2.43%, while ATMP has not paid dividends to shareholders.

Position	TTM	2025	2024
ATMP Barclays ETN+ Select MLP ETN	0.00%	0.00%	0.00%
PCCE Polen Capital China Growth ETF	2.43%	2.29%	1.95%

Frequently Asked Questions

Can I hold both PCCE and ATMP in my portfolio?

PCCE and ATMP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCCE or ATMP?

PCCE has higher volatility (5.96%) compared to ATMP (5.26%). In terms of maximum drawdown, PCCE dropped -26.38% vs ATMP's -80.86%.

Which ETF is better, PCCE or ATMP?

On 1-year performance, ATMP leads with 21.72% vs -0.44% for PCCE. On fees, ATMP is cheaper at 0.95% per year. On volatility, ATMP has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCCE or ATMP?

Over the 1-year period, ATMP has performed better with a 21.72% return vs -0.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCCE or ATMP?

ATMP is cheaper with a 0.95% expense ratio, compared with 1.00% for PCCE.

Which ETF pays a higher dividend yield, PCCE or ATMP?

PCCE has the higher dividend yield at 2.43%, compared with 0.00% for ATMP.

What is the main difference between PCCE and ATMP?

PCCE is categorized as China Equities, while ATMP is MLPs. They also come from different issuers: Polen and Barclays Capital. Their fees differ too: 1.00% for PCCE and 0.95% for ATMP.

Which has better risk-adjusted returns?

ATMP currently has the higher Sharpe Ratio (1.53 vs -0.02), 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.