AMUB vs ATMP: Correlation
How closely do ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) and iPath Select MLP ETN (ATMP) trade together? Their weekly returns over three years give a correlation of 0.94, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMUB and ATMP?
Over the past 3 years, AMUB and ATMP moved with a correlation of 0.94, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.93) sits close to the 3-year figure. Over 5 years the correlation is 0.95, and the annualized covariance of weekly returns is 262.4 %².
ATMP is one of the assets that tracks AMUB most closely: it ranks #2 out of the 20 assets we track against AMUB. Neither side won the trailing year by much: +30.9% against +34.4%.
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.
AMUB vs ATMP: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | ATMP (iPath Select MLP ETN) | |
|---|---|---|
| 1-year return | +30.9% | +34.4% |
| 5-year return | +191.0% | +216.1% |
| Volatility (ann.) | 16.5% | 17.0% |
| Beta vs S&P 500 | 0.31 | 0.28 |
| Max drawdown (3Y) | -17.0% | -15.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMUB | ATMP |
|---|---|---|
| 2022 | +29.9% | +27.5% |
| 2023 | +25.4% | +21.6% |
| 2024 | +23.0% | +38.7% |
| 2025 | +8.7% | +7.0% |
| 2026 | +29.6% | +32.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and ATMP good diversifiers for each other?
Not really. At 0.94, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AMUB and ATMP?
As of 2026-08-27, the correlation of weekly returns between AMUB and ATMP is 0.94 over 3 years, 0.93 over 1 year and 0.95 over 5 years.
Is ATMP a good diversifier for AMUB?
Not really. At 0.94, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.94 mean?
A reading of 0.94 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amub-vs-atmp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amub-vs-atmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMUB correlations · ATMP correlations
