ATMP vs DTM: Correlation
Measured on weekly returns over the past three years, iPath Select MLP ETN (ATMP) and DT Midstream, Inc. (DTM) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and DTM?
On 3 years of weekly data the ATMP/DTM correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 312.9 %².
By 3-year correlation, DTM places #12 of the 37 assets tracked against ATMP. Twelve-month performance is nearly a tie, at +34.4% for ATMP and +32.9% for DTM.
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.
ATMP vs DTM: side by side
| ATMP (iPath Select MLP ETN) | DTM (DT Midstream, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +32.9% |
| 5-year return | +216.1% | +248.3% |
| Volatility (ann.) | 17.0% | 23.9% |
| Beta vs S&P 500 | 0.28 | 0.42 |
| Max drawdown (3Y) | -15.6% | -23.6% |
| Market cap | – | $13.4B |
| P/E (trailing) | – | 29.1 |
| Dividend yield | 0.00% | 2.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | DTM |
|---|---|---|
| 2022 | +27.5% | +20.7% |
| 2023 | +21.6% | +4.7% |
| 2024 | +38.7% | +88.9% |
| 2025 | +7.0% | +24.1% |
| 2026 | +32.0% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and DTM good diversifiers for each other?
Only partially. A correlation of 0.77 means ATMP and DTM 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 ATMP and DTM?
As of 2026-08-27, the correlation of weekly returns between ATMP and DTM is 0.77 over 3 years, 0.70 over 1 year and 0.79 over 5 years.
Is DTM a good diversifier for ATMP?
Only partially. A correlation of 0.77 means ATMP and DTM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ATMP correlations · DTM correlations
