REZ vs. ATMP
REZ (iShares Residential Real Estate ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, REZ returned 6.63%/yr vs 4.85%/yr for ATMP. At a 0.29 correlation, their price movements are largely independent. REZ charges 0.48%/yr vs 0.95%/yr for ATMP.
Performance
REZ vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 8.03% return, which is significantly lower than ATMP's 19.92% return. Over the past 10 years, REZ has outperformed ATMP with an annualized return of 6.63%, while ATMP has yielded a comparatively lower 4.85% annualized return.
REZ
- 1D
- -1.64%
- 1M
- -2.07%
- YTD
- 8.03%
- 6M
- 6.75%
- 1Y
- 10.29%
- 3Y*
- 9.61%
- 5Y*
- 3.77%
- 10Y*
- 6.63%
ATMP
- 1D
- -0.58%
- 1M
- 0.80%
- YTD
- 19.92%
- 6M
- 18.88%
- 1Y
- 18.32%
- 3Y*
- 21.05%
- 5Y*
- 15.42%
- 10Y*
- 4.85%
REZ vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 8.03% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
ATMP Barclays ETN+ Select MLP ETN | 19.92% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between REZ and ATMP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.29 |
The correlation between REZ and ATMP shifts across timeframes, from 0.24 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
REZ vs. ATMP — Risk / Return Rank
REZ
ATMP
REZ vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
| REZ | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.53 | -1.35 |
| Martin ratioReturn relative to average drawdown | 3.59 | 6.05 | -2.47 |
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
| REZ | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.31 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.70 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.18 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.09 | +0.15 |
Drawdowns
REZ vs. ATMP - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for REZ and ATMP.
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Drawdown Indicators
| REZ | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -80.86% | +13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -7.30% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -16.48% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -22.98% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -75.66% | +31.51% |
Current DrawdownCurrent decline from peak | -3.16% | -6.15% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -12.68% | -31.12% | +18.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.04% | -0.17% |
Volatility
REZ vs. ATMP - Volatility Comparison
The current volatility for iShares Residential Real Estate ETF (REZ) is 4.85%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.72%. This indicates that REZ experiences smaller price fluctuations and is considered to be less risky 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
| REZ | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 5.72% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 10.93% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 14.17% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 22.25% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 27.69% | -6.16% |
REZ vs. ATMP - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
REZ vs. ATMP - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.13%, 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% |
REZ iShares Residential Real Estate ETF | 2.13% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ and ATMP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.72%) compared to REZ (4.85%). In terms of maximum drawdown, REZ dropped -66.87% vs ATMP's -80.86%.
On 10-year performance, REZ leads with 6.63% vs 4.85% for ATMP. On fees, REZ is cheaper at 0.48% per year. On volatility, REZ has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, REZ has performed better with a 6.63% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REZ is cheaper with a 0.48% expense ratio, compared with 0.95% for ATMP.
REZ has the higher dividend yield at 2.13%, compared with 0.00% for ATMP.
REZ is categorized as REIT, while ATMP is MLPs. REZ tracks FTSE NAREIT All Residential Capped Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: iShares and Barclays Capital. Their fees differ too: 0.48% for REZ and 0.95% for ATMP.
ATMP currently has the higher Sharpe Ratio (1.31 vs 0.71), 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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