ATMP vs EQT: Correlation
How closely do iPath Select MLP ETN (ATMP) and EQT Corporation (EQT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and EQT?
Across a 3-year window, the weekly returns of ATMP and EQT correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 315.7 %².
By 3-year correlation, EQT places #24 of the 37 assets tracked against ATMP. The last year tells two different stories: ATMP led by 26.5 percentage points, +34.4% for ATMP against +7.9% for EQT. Risk is not evenly split, since EQT carries 2.0 times the volatility of the other side.
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 EQT: side by side
| ATMP (iPath Select MLP ETN) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | +34.4% | +7.9% |
| 5-year return | +216.1% | +224.8% |
| Volatility (ann.) | 17.0% | 34.1% |
| Beta vs S&P 500 | 0.28 | 0.52 |
| Max drawdown (3Y) | -15.6% | -31.6% |
| Market cap | – | $34.3B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ATMP | EQT |
|---|---|---|
| 2022 | +27.5% | +57.6% |
| 2023 | +21.6% | +16.2% |
| 2024 | +38.7% | +21.4% |
| 2025 | +7.0% | +17.6% |
| 2026 | +32.0% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and EQT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATMP and EQT?
The ATMP/EQT correlation stands at 0.55 on a 3-year window (1 year: 0.51, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is EQT a good diversifier for ATMP?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmp-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATMP correlations · EQT correlations
