ATMP vs ENB: Correlation
Measured on weekly returns over the past three years, iPath Select MLP ETN (ATMP) and Enbridge Inc (ENB) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and ENB?
Across a 3-year window, the weekly returns of ATMP and ENB correlate at 0.65, strong. The past 12 months show a tighter link (0.77) than the 3-year average (0.65). Stretching to 5 years gives 0.71, with an annualized covariance of 193.1 %².
Among the 37 assets we track against ATMP, ENB ranks #19 by 3-year correlation. The last year tells two different stories: ATMP led by 25.3 percentage points, +34.4% for ATMP against +9.1% for ENB.
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 ENB: side by side
| ATMP (iPath Select MLP ETN) | ENB (Enbridge Inc) | |
|---|---|---|
| 1-year return | +34.4% | +9.1% |
| 5-year return | +216.1% | +71.0% |
| Volatility (ann.) | 17.0% | 17.6% |
| Beta vs S&P 500 | 0.28 | 0.05 |
| Max drawdown (3Y) | -15.6% | -13.1% |
| Market cap | – | $109.1B |
| P/E (trailing) | – | 26.7 |
| Dividend yield | 0.00% | 7.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | ENB |
|---|---|---|
| 2022 | +27.5% | +6.5% |
| 2023 | +21.6% | -1.1% |
| 2024 | +38.7% | +26.4% |
| 2025 | +7.0% | +17.8% |
| 2026 | +32.0% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and ENB good diversifiers for each other?
Only partially. A correlation of 0.65 means ATMP and ENB 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 ENB?
As of 2026-08-27, the correlation of weekly returns between ATMP and ENB is 0.65 over 3 years, 0.77 over 1 year and 0.71 over 5 years.
Is ENB a good diversifier for ATMP?
Only partially. A correlation of 0.65 means ATMP and ENB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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/atmp-vs-enb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmp-vs-enb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATMP correlations · ENB correlations
