QQXL vs. ATMP
QQXL (ProShares Ultra QQQ Top 30) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. QQXL is actively managed, while ATMP is passively managed. At a correlation of -0.17, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
QQXL vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 34.15% return, which is significantly higher than ATMP's 22.14% return.
QQXL
- 1D
- 1.07%
- 1M
- 0.79%
- 6M
- 29.62%
- YTD
- 34.15%
- 1Y
- —
- 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%
QQXL vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 34.15% | 9.00% |
ATMP Barclays ETN+ Select MLP ETN | 22.14% | -1.17% |
Correlation
The correlation between QQXL and ATMP is -0.17, 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 (All Time) Calculated using the full available price history since Aug 15, 2025 | -0.17 |
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Return for Risk
QQXL vs. ATMP — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ATMP
QQXL vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
| QQXL | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 6.29 | — |
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Drawdowns
QQXL vs. ATMP - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for QQXL and ATMP.
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Drawdown Indicators
| QQXL | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -80.86% | +53.52% |
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 DrawdownCurrent decline from peak | -7.15% | -4.41% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -30.94% | +24.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.52% | — |
Volatility
QQXL vs. ATMP - Volatility Comparison
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Volatility by Period
| QQXL | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.18% | 14.50% | +26.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.18% | 22.11% | +19.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.18% | 27.64% | +13.54% |
QQXL vs. ATMP - Expense Ratio Comparison
Both QQXL and ATMP have an expense ratio of 0.95%.
Dividends
QQXL vs. ATMP - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.75%, while ATMP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% |
QQXL ProShares Ultra QQQ Top 30 | 0.75% | 0.08% |
Frequently Asked Questions
QQXL and ATMP have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQXL and ATMP have the same expense ratio: 0.95% per year.
QQXL has the higher dividend yield at 0.75%, compared with 0.00% for ATMP.
QQXL is categorized as Leveraged Equities, while ATMP is MLPs. They also come from different issuers: ProShares and Barclays Capital.
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