AM vs ATMP: Correlation
Antero Midstream Corporation (AM) and iPath Select MLP ETN (ATMP) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and ATMP?
On 3 years of weekly data the AM/ATMP correlation comes out at 0.79, strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.79 over 3. The 5-year figure is 0.83, and annualized covariance runs at 300.8 %².
Few assets follow AM as closely as ATMP, which ranks #1 of 15 tracked partners. Their 12-month results are close: +33.1% for AM against +34.4% for ATMP.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AM vs ATMP: side by side
| AM (Antero Midstream Corporation) | ATMP (iPath Select MLP ETN) | |
|---|---|---|
| 1-year return | +33.1% | +34.4% |
| 5-year return | +230.4% | +216.1% |
| Volatility (ann.) | 22.6% | 17.0% |
| Beta vs S&P 500 | 0.24 | 0.28 |
| Max drawdown (3Y) | -14.0% | -15.6% |
| Market cap | $10.7B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AM | ATMP |
|---|---|---|
| 2022 | +22.0% | +27.5% |
| 2023 | +25.7% | +21.6% |
| 2024 | +28.5% | +38.7% |
| 2025 | +24.4% | +7.0% |
| 2026 | +30.9% | +32.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and ATMP good diversifiers for each other?
Only partially. A correlation of 0.79 means AM and ATMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AM and ATMP?
The AM/ATMP correlation stands at 0.79 on a 3-year window (1 year: 0.80, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is ATMP a good diversifier for AM?
Only partially. A correlation of 0.79 means AM and ATMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/am-vs-atmp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/am-vs-atmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AM correlations · ATMP correlations
