VXX vs. ATMP
VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - VXX is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past 10 years, VXX returned -46.29%/yr vs 5.16%/yr for ATMP. Their -0.41 correlation means they have often moved in opposite directions in the past. VXX charges 0.89%/yr vs 0.95%/yr for ATMP.
Performance
VXX vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, VXX achieves a -19.72% return, which is significantly lower than ATMP's 26.22% return. Over the past 10 years, VXX has underperformed ATMP with an annualized return of -46.29%, while ATMP has yielded a comparatively higher 5.16% annualized return.
VXX
- 1D
- -2.61%
- 1M
- -3.58%
- 6M
- -22.73%
- YTD
- -19.72%
- 1Y
- -53.71%
- 3Y*
- -38.60%
- 5Y*
- -46.47%
- 10Y*
- -46.29%
- ALL TIME*
- -51.44%
ATMP
- 1D
- 0.87%
- 1M
- 5.19%
- 6M
- 17.51%
- YTD
- 26.22%
- 1Y
- 23.85%
- 3Y*
- 20.30%
- 5Y*
- 18.49%
- 10Y*
- 5.16%
- ALL TIME*
- 2.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $521.25K | $462.49K | $511.48K | |
| $203.07M | $176.34M | $224.72M |
VXX vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -19.72% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -67.75% | 67.91% | -72.64% |
ATMP Barclays ETN+ Select MLP ETN | 26.22% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
Correlation
The correlation between VXX and ATMP is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2013 | -0.41 |
Over the past year, the inverse relationship between VXX and ATMP has weakened: their correlation has moved from -0.41 to -0.00, meaning they move in opposite directions less often than they have historically.
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Return for Risk
VXX vs. ATMP — Risk / Return Rank
VXX
ATMP
VXX vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) 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.
| VXX | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.81 | -3.73 |
| Martin ratioReturn relative to average drawdown | -1.40 | 6.57 | -7.97 |
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Drawdowns
VXX vs. ATMP - Drawdown Comparison
The maximum VXX drawdown since its inception was -100.00%, which is greater than ATMP's maximum drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for VXX and ATMP.
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Drawdown Indicators
| VXX | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -80.86% | -19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -54.59% | -8.30% | -46.29% |
Max Drawdown (3Y)Largest decline over 3 years | -80.75% | -16.48% | -64.27% |
Max Drawdown (5Y)Largest decline over 5 years | -95.66% | -22.98% | -72.68% |
Max Drawdown (10Y)Largest decline over 10 years | -99.80% | -75.66% | -24.14% |
Current DrawdownCurrent decline from peak | -100.00% | -1.27% | -98.73% |
Average DrawdownAverage peak-to-trough decline | -95.11% | -30.81% | -64.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.70% | 3.54% | +32.16% |
Volatility
VXX vs. ATMP - Volatility Comparison
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a higher volatility of 14.47% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.01%. This indicates that VXX'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
| VXX | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.47% | 5.01% | +9.46% |
Volatility (6M)Calculated over the trailing 6-month period | 42.90% | 11.75% | +31.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.37% | 14.57% | +42.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.63% | 21.94% | +45.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.37% | 27.62% | +42.75% |
VXX vs. ATMP - Expense Ratio Comparison
VXX has a 0.89% expense ratio, which is lower than ATMP's 0.95% expense ratio.
Dividends
VXX vs. ATMP - Dividend Comparison
Neither VXX nor ATMP has paid dividends to shareholders.
Frequently Asked Questions
VXX and ATMP have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXX has higher volatility (14.47%) compared to ATMP (5.01%). In terms of maximum drawdown, VXX dropped -100.00% vs ATMP's -80.86%.
On 10-year performance, ATMP leads with 5.16% vs -46.29% for VXX. On fees, VXX is cheaper at 0.89% per year. On volatility, ATMP has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ATMP has performed better with a 5.16% return vs -46.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VXX is cheaper with a 0.89% expense ratio, compared with 0.95% for ATMP.
VXX and ATMP have nearly identical dividend yields, around 0.00%.
VXX is categorized as Volatility, while ATMP is MLPs. VXX tracks S&P 500 VIX Short-Term Futures Index Total Return, while ATMP tracks CIBC Atlas Select MLP VWAP. Their fees differ too: 0.89% for VXX and 0.95% for ATMP.
ATMP currently has the higher Sharpe Ratio (1.60 vs -0.87), 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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