PULT vs. ATMP

Last updated Jul 14, 2026

PULT (Putnam ESG Ultra Short ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - PULT is a Ultrashort Bond fund actively managed by Putnam, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. PULT is actively managed, while ATMP is passively managed. At a correlation of -0.03, they often move in opposite directions. PULT charges 0.25%/yr vs 0.95%/yr for ATMP.

Performance

PULT vs. ATMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam ESG Ultra Short ETF (PULT) and Barclays ETN+ Select MLP ETN (ATMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PULT

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATMP

• 1D: 1.78%
• 1M: 3.08%
• 6M: 22.91%
• YTD: 24.32%
• 1Y: 23.89%
• 3Y*: 20.99%
• 5Y*: 17.66%
• 10Y*: 4.62%

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

PULT vs. ATMP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PULT Putnam ESG Ultra Short ETF	1.23%	5.08%	5.93%	5.47%
ATMP Barclays ETN+ Select MLP ETN	24.32%	1.73%	31.66%	10.42%

Correlation

The correlation between PULT and ATMP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	-0.03

The correlation between PULT and ATMP shifts across timeframes, from -0.14 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PULT vs. ATMP — Risk / Return Rank

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

PULT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ATMP

ATMP Risk / Return Rank: 61
ATMP Sharpe Ratio Rank: 63
ATMP Sortino Ratio Rank: 63
ATMP Omega Ratio Rank: 57
ATMP Calmar Ratio Rank: 72
ATMP Martin Ratio Rank: 51

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.

PULT vs. ATMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) 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.

	PULT	ATMP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.34	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.90	—
Martin ratio: Return relative to average drawdown	—	6.82	—

Drawdowns

Drawdown Indicators

	PULT	ATMP	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.86%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.30%	—
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	—	-2.70%	—
Average Drawdown Average peak-to-trough decline	—	-30.93%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.52%	—

Volatility

Volatility by Period

	PULT	ATMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.63%	—

PULT vs. ATMP - Expense Ratio Comparison

PULT has a 0.25% expense ratio, which is lower than ATMP's 0.95% expense ratio.

Dividends

PULT vs. ATMP - Dividend Comparison

Neither PULT nor ATMP has paid dividends to shareholders.

Position	TTM	2025	2024	2023
ATMP Barclays ETN+ Select MLP ETN	0.00%	0.00%	0.00%	0.00%
PULT Putnam ESG Ultra Short ETF	3.89%	4.59%	5.38%	4.88%

Frequently Asked Questions

Can I hold both PULT and ATMP in my portfolio?

PULT and ATMP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PULT or ATMP?

On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PULT or ATMP?

PULT is cheaper with a 0.25% expense ratio, compared with 0.95% for ATMP.

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

PULT has the higher dividend yield at 3.89%, compared with 0.00% for ATMP.

What is the main difference between PULT and ATMP?

PULT is categorized as Ultrashort Bond, while ATMP is MLPs. They also come from different issuers: Putnam and Barclays Capital. Their fees differ too: 0.25% for PULT and 0.95% for ATMP.