ATMP vs EE: Correlation
Measured on weekly returns over the past three years, iPath Select MLP ETN (ATMP) and Excelerate Energy, Inc. (EE) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and EE?
Over the past 3 years, ATMP and EE moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 296.0 %².
Among the 37 assets we track against ATMP, EE ranks #29 by 3-year correlation. The last year tells two different stories: EE led by 29.3 percentage points, +34.4% for ATMP against +63.7% for EE. One caveat on sizing: EE 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.
ATMP vs EE: side by side
| ATMP (iPath Select MLP ETN) | EE (Excelerate Energy, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +63.7% |
| 5-year return | +216.1% | +52.1% |
| Volatility (ann.) | 17.0% | 36.5% |
| Beta vs S&P 500 | 0.28 | 0.47 |
| Max drawdown (3Y) | -15.6% | -29.1% |
| Market cap | – | $4.5B |
| P/E (trailing) | – | 27.0 |
| Dividend yield | 0.00% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | EE |
|---|---|---|
| 2022 | +27.5% | – |
| 2023 | +21.6% | -38.0% |
| 2024 | +38.7% | +96.9% |
| 2025 | +7.0% | -6.3% |
| 2026 | +32.0% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and EE good diversifiers for each other?
Reasonably. At 0.48, ATMP and EE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATMP and EE?
As of 2026-08-27, the correlation of weekly returns between ATMP and EE is 0.48 over 3 years, 0.43 over 1 year and 0.52 over 5 years.
Is EE a good diversifier for ATMP?
Reasonably. At 0.48, ATMP and EE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atmp-vs-ee.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmp-vs-ee/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATMP correlations · EE correlations
