TIPB vs. ATMP

Last updated Jun 4, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. TIPB is actively managed, while ATMP is passively managed. At a correlation of -0.08, they often move in opposite directions.

Performance

TIPB vs. ATMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) and Barclays ETN+ Select MLP ETN (ATMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.86% return, which is significantly lower than ATMP's 20.02% return.

TIPB

• 1D: -0.12%
• 1M: -0.22%
• YTD: 1.86%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATMP

• 1D: 0.07%
• 1M: -2.32%
• YTD: 20.02%
• 6M: 19.57%
• 1Y: 18.01%
• 3Y*: 21.17%
• 5Y*: 15.87%
• 10Y*: 4.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIPB vs. ATMP - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.86%	0.79%
ATMP Barclays ETN+ Select MLP ETN	20.02%	0.14%

Correlation

The correlation between TIPB and ATMP is -0.08, 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 (All Time) Calculated using the full available price history since Aug 20, 2025	-0.08

Return for Risk

TIPB vs. ATMP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATMP

ATMP Risk / Return Rank: 39
ATMP Sharpe Ratio Rank: 36
ATMP Sortino Ratio Rank: 35
ATMP Omega Ratio Rank: 33
ATMP Calmar Ratio Rank: 51
ATMP Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIPB vs. ATMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TIPB	ATMP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.09	+1.26

Drawdowns

TIPB vs. ATMP - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for TIPB and ATMP.

Drawdown Indicators

	TIPB	ATMP	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-80.86%	+79.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.26%	—
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 Drawdown Current decline from peak	-0.31%	-6.07%	+5.76%
Average Drawdown Average peak-to-trough decline	-0.37%	-31.15%	+30.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	TIPB	ATMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	14.00%	-11.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	22.23%	-19.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	27.68%	-25.14%

Dividends

TIPB vs. ATMP - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, while ATMP has not paid dividends to shareholders.

Position	TTM	2025
ATMP Barclays ETN+ Select MLP ETN	0.00%	0.00%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%

Frequently Asked Questions

Can I hold both TIPB and ATMP in my portfolio?

TIPB and ATMP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TIPB or ATMP?

TIPB has the higher dividend yield at 3.02%, compared with 0.00% for ATMP.

What is the main difference between TIPB and ATMP?

TIPB is categorized as Inflation-Protected Bonds, while ATMP is MLPs. They also come from different issuers: Northern Trust and Barclays Capital.