SMIN vs. ATMP
SMIN (iShares MSCI India Small-Cap ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - SMIN is a Asia Pacific Equities fund tracking the MSCI India Small Cap Index, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, SMIN returned 9.73%/yr vs 5.20%/yr for ATMP. At a 0.25 correlation, their price movements are largely independent. SMIN charges 0.76%/yr vs 0.95%/yr for ATMP.
Performance
SMIN vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a -4.03% return, which is significantly lower than ATMP's 20.60% return. Over the past 10 years, SMIN has outperformed ATMP with an annualized return of 9.73%, while ATMP has yielded a comparatively lower 5.20% annualized return.
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
ATMP
- 1D
- 0.46%
- 1M
- -3.30%
- YTD
- 20.60%
- 6M
- 20.43%
- 1Y
- 18.09%
- 3Y*
- 21.55%
- 5Y*
- 15.05%
- 10Y*
- 5.20%
SMIN vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -25.55% | 62.36% |
ATMP Barclays ETN+ Select MLP ETN | 20.60% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between SMIN and ATMP is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2013 | 0.25 |
The correlation between SMIN and ATMP shifts across timeframes, from -0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMIN vs. ATMP — Risk / Return Rank
SMIN
ATMP
SMIN vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) 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.
| SMIN | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.53 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.87 | 5.89 | -6.75 |
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Drawdowns
SMIN vs. ATMP - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for SMIN and ATMP.
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Drawdown Indicators
| SMIN | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -80.86% | +20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -7.30% | -17.24% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -16.48% | -11.10% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -22.98% | -4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | -75.66% | +15.16% |
Current DrawdownCurrent decline from peak | -16.07% | -5.61% | -10.46% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -31.08% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 3.13% | +7.88% |
Volatility
SMIN vs. ATMP - Volatility Comparison
The current volatility for iShares MSCI India Small-Cap ETF (SMIN) is 4.86%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.64%. This indicates that SMIN 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
| SMIN | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 5.64% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 10.99% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 14.18% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 22.25% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 27.67% | -4.84% |
SMIN vs. ATMP - Expense Ratio Comparison
SMIN has a 0.76% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
SMIN vs. ATMP - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.10%, 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% |
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
SMIN and ATMP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.64%) compared to SMIN (4.86%). In terms of maximum drawdown, SMIN dropped -60.50% vs ATMP's -80.86%.
On 10-year performance, SMIN leads with 9.73% vs 5.20% for ATMP. On fees, SMIN is cheaper at 0.76% per year. On volatility, SMIN has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SMIN has performed better with a 9.73% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMIN is cheaper with a 0.76% expense ratio, compared with 0.95% for ATMP.
SMIN has the higher dividend yield at 2.10%, compared with 0.00% for ATMP.
SMIN is categorized as Asia Pacific Equities, while ATMP is MLPs. SMIN tracks MSCI India Small Cap Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: iShares and Barclays Capital. Their fees differ too: 0.76% for SMIN and 0.95% for ATMP.
ATMP currently has the higher Sharpe Ratio (1.30 vs -0.51), 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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