S7XE.DE vs. ATMP
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, S7XE.DE returned 14.41%/yr vs 4.60%/yr for ATMP. At a 0.26 correlation, their price movements are largely independent. S7XE.DE charges 0.30%/yr vs 0.95%/yr for ATMP.
Performance
S7XE.DE vs. ATMP - Performance Comparison
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Different Trading Currencies
S7XE.DE is traded in EUR, while ATMP is traded in USD. To make them comparable, the ATMP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, S7XE.DE achieves a 4.99% return, which is significantly lower than ATMP's 23.08% return. Over the past 10 years, S7XE.DE has outperformed ATMP with an annualized return of 14.41%, while ATMP has yielded a comparatively lower 4.60% annualized return.
S7XE.DE
- 1D
- 1.09%
- 1M
- 6.30%
- YTD
- 4.99%
- 6M
- 11.64%
- 1Y
- 38.45%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
ATMP
- 1D
- 1.25%
- 1M
- -0.36%
- YTD
- 23.08%
- 6M
- 19.93%
- 1Y
- 19.47%
- 3Y*
- 18.49%
- 5Y*
- 17.27%
- 10Y*
- 4.60%
S7XE.DE vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
ATMP Barclays ETN+ Select MLP ETN | 23.08% | -10.34% | 40.35% | 11.07% | 28.19% | 43.01% | -39.79% | 2.66% | -10.54% | -22.72% |
Correlation
The correlation between S7XE.DE and ATMP is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.26 |
The correlation between S7XE.DE and ATMP shifts across timeframes, from -0.05 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
S7XE.DE vs. ATMP — Risk / Return Rank
S7XE.DE
ATMP
S7XE.DE vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) 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.
| S7XE.DE | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.10 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.92 | 4.51 | +2.41 |
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
| S7XE.DE | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.26 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.77 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.16 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.12 | +0.11 |
Drawdowns
S7XE.DE vs. ATMP - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, smaller than the maximum ATMP drawdown of -79.78%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and ATMP.
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Drawdown Indicators
| S7XE.DE | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -79.78% | +14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -9.34% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -22.88% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -22.88% | -12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | -76.23% | +13.13% |
Current DrawdownCurrent decline from peak | -2.02% | -4.82% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -29.94% | +6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 4.39% | +1.15% |
Volatility
S7XE.DE vs. ATMP - Volatility Comparison
The current volatility for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) is 6.10%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 6.90%. This indicates that S7XE.DE 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
| S7XE.DE | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 6.90% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 11.87% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 15.70% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 22.67% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 28.29% | +0.37% |
S7XE.DE vs. ATMP - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
S7XE.DE vs. ATMP - Dividend Comparison
Neither S7XE.DE nor ATMP has paid dividends to shareholders.
Frequently Asked Questions
S7XE.DE and ATMP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S7XE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE is cheaper with a 0.30% expense ratio, compared with 0.95% for ATMP.
S7XE.DE is categorized as Financials Equities, while ATMP is MLPs. S7XE.DE tracks EURO STOXX® Optimised Banks, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: Invesco and Barclays Capital. Their fees differ too: 0.30% for S7XE.DE and 0.95% for ATMP.
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