ATMP vs KNTK: Correlation
How closely do iPath Select MLP ETN (ATMP) and Kinetik Holdings Inc. (KNTK) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and KNTK?
Over the past 3 years, ATMP and KNTK moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 410.1 %².
Within ATMP's tracked universe of 37 assets, KNTK comes in at #15 by 3-year correlation. Over the last 12 months KNTK came out ahead by 5.2 percentage points (+34.4% against +39.6%). One caveat on sizing: KNTK is 1.9 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 KNTK: side by side
| ATMP (iPath Select MLP ETN) | KNTK (Kinetik Holdings Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +39.6% |
| 5-year return | +216.1% | +147.1% |
| Volatility (ann.) | 17.0% | 33.1% |
| Beta vs S&P 500 | 0.28 | 0.63 |
| Max drawdown (3Y) | -15.6% | -49.0% |
| Market cap | – | $9.2B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 5.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | KNTK |
|---|---|---|
| 2022 | +27.5% | +14.6% |
| 2023 | +21.6% | +10.9% |
| 2024 | +38.7% | +83.1% |
| 2025 | +7.0% | -31.9% |
| 2026 | +32.0% | +59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and KNTK good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATMP and KNTK?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.63 over the last year and 0.68 over 5 years.
Is KNTK a good diversifier for ATMP?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 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-kntk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atmp-vs-kntk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATMP correlations · KNTK correlations
