USCI vs. ATMP
USCI (United States Commodity Index Fund) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR), while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, USCI returned 8.35%/yr vs 4.85%/yr for ATMP. At a 0.36 correlation, their price movements are largely independent. USCI charges 1.03%/yr vs 0.95%/yr for ATMP.
Performance
USCI vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 25.01% return, which is significantly higher than ATMP's 19.92% return. Over the past 10 years, USCI has outperformed ATMP with an annualized return of 8.35%, while ATMP has yielded a comparatively lower 4.85% annualized return.
USCI
- 1D
- 0.14%
- 1M
- -1.98%
- YTD
- 25.01%
- 6M
- 23.30%
- 1Y
- 33.84%
- 3Y*
- 21.81%
- 5Y*
- 18.56%
- 10Y*
- 8.35%
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%
USCI vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 25.01% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
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 USCI and ATMP is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2013 | 0.36 |
The correlation between USCI and ATMP shifts across timeframes, from 0.27 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USCI vs. ATMP — Risk / Return Rank
USCI
ATMP
USCI vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) 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.
| USCI | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.53 | +1.36 |
| Martin ratioReturn relative to average drawdown | 13.23 | 6.05 | +7.18 |
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
| USCI | ATMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.31 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.70 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.18 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.09 | +0.20 |
Drawdowns
USCI vs. ATMP - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for USCI and ATMP.
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Drawdown Indicators
| USCI | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -80.86% | +14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -7.30% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -16.48% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -22.98% | +4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -75.66% | +29.84% |
Current DrawdownCurrent decline from peak | -5.52% | -6.15% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -29.49% | -31.12% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.04% | -0.48% |
Volatility
USCI vs. ATMP - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.35%, while Barclays ETN+ Select MLP ETN (ATMP) has a volatility of 5.72%. This indicates that USCI 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
| USCI | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 5.72% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 10.93% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 14.17% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 22.25% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 27.69% | -11.84% |
USCI vs. ATMP - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than ATMP's 0.95% expense ratio.
Dividends
USCI vs. ATMP - Dividend Comparison
Neither USCI nor ATMP has paid dividends to shareholders.
Frequently Asked Questions
USCI and ATMP have a correlation of 0.27, 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 USCI (4.35%). In terms of maximum drawdown, USCI dropped -66.41% vs ATMP's -80.86%.
On 10-year performance, USCI leads with 8.35% vs 4.85% for ATMP. On fees, ATMP is cheaper at 0.95% per year. On volatility, USCI has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USCI has performed better with a 8.35% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ATMP is cheaper with a 0.95% expense ratio, compared with 1.03% for USCI.
USCI and ATMP have nearly identical dividend yields, around 0.00%.
USCI is categorized as Commodities, while ATMP is MLPs. USCI tracks SummerHaven Dynamic Commodity (TR), while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: Concierge Technologies and Barclays Capital. Their fees differ too: 1.03% for USCI and 0.95% for ATMP.
USCI currently has the higher Sharpe Ratio (2.03 vs 1.31), 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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