SPMO vs. ATMP
SPMO (Invesco S&P 500 Momentum ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, SPMO returned 20.86%/yr vs 5.20%/yr for ATMP. At a 0.32 correlation, their price movements are largely independent. SPMO charges 0.13%/yr vs 0.95%/yr for ATMP.
Performance
SPMO vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a 28.15% return, which is significantly higher than ATMP's 20.60% return. Over the past 10 years, SPMO has outperformed ATMP with an annualized return of 20.86%, while ATMP has yielded a comparatively lower 5.20% annualized return.
SPMO
- 1D
- 1.26%
- 1M
- 3.36%
- YTD
- 28.15%
- 6M
- 28.70%
- 1Y
- 44.90%
- 3Y*
- 41.53%
- 5Y*
- 23.50%
- 10Y*
- 20.86%
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%
SPMO vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 28.15% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
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 SPMO and ATMP is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.32 |
The correlation between SPMO and ATMP shifts across timeframes, from -0.02 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPMO vs. ATMP — Risk / Return Rank
SPMO
ATMP
SPMO vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) 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.
| SPMO | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.53 | +0.91 |
| Martin ratioReturn relative to average drawdown | 13.01 | 5.89 | +7.12 |
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Drawdowns
SPMO vs. ATMP - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for SPMO and ATMP.
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Drawdown Indicators
| SPMO | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -80.86% | +49.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -7.30% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -16.48% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -22.98% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -75.66% | +44.71% |
Current DrawdownCurrent decline from peak | -1.68% | -5.61% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -31.08% | +26.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.13% | +0.22% |
Volatility
SPMO vs. ATMP - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.29% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.64%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier 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
| SPMO | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 5.64% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 10.99% | +5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 14.18% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 22.25% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 27.67% | -7.19% |
SPMO vs. ATMP - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
SPMO vs. ATMP - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.67%, 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.67% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
SPMO and ATMP have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.29%) compared to ATMP (5.64%). In terms of maximum drawdown, SPMO dropped -30.95% vs ATMP's -80.86%.
On 10-year performance, SPMO leads with 20.86% vs 5.20% for ATMP. On fees, SPMO is cheaper at 0.13% per year. On volatility, ATMP has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPMO has performed better with a 20.86% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.95% for ATMP.
SPMO has the higher dividend yield at 0.67%, compared with 0.00% for ATMP.
SPMO is categorized as Momentum, while ATMP is MLPs. SPMO tracks S&P 500 Momentum Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: Invesco and Barclays Capital. Their fees differ too: 0.13% for SPMO and 0.95% for ATMP.
SPMO currently has the higher Sharpe Ratio (2.24 vs 1.30), 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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