AROC vs ATMP: Correlation
Measured on weekly returns over the past three years, Archrock, Inc. (AROC) and iPath Select MLP ETN (ATMP) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and ATMP?
Over the past 3 years, AROC and ATMP moved with a correlation of 0.69, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.55 versus 0.69 over 3 years. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 425.1 %².
Few assets follow AROC as closely as ATMP, which ranks #2 of 17 tracked partners. Neither side won the trailing year by much: +34.4% against +34.4%. One caveat on sizing: AROC is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AROC vs ATMP: side by side
| AROC (Archrock, Inc.) | ATMP (iPath Select MLP ETN) | |
|---|---|---|
| 1-year return | +34.4% | +34.4% |
| 5-year return | +420.1% | +216.1% |
| Volatility (ann.) | 36.3% | 17.0% |
| Beta vs S&P 500 | 0.87 | 0.28 |
| Max drawdown (3Y) | -30.3% | -15.6% |
| Market cap | $5.6B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 2.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AROC | ATMP |
|---|---|---|
| 2022 | +28.8% | +27.5% |
| 2023 | +81.0% | +21.6% |
| 2024 | +67.6% | +38.7% |
| 2025 | +8.0% | +7.0% |
| 2026 | +25.6% | +32.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and ATMP good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AROC and ATMP?
The AROC/ATMP correlation stands at 0.69 on a 3-year window (1 year: 0.55, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is ATMP a good diversifier for AROC?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/aroc-vs-atmp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aroc-vs-atmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AROC correlations · ATMP correlations
