ATMP vs KYN: Correlation
iPath Select MLP ETN (ATMP) and Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and KYN?
On 3 years of weekly data the ATMP/KYN correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.85, and annualized covariance runs at 311.5 %².
By 3-year correlation, KYN places #5 of the 37 assets tracked against ATMP. On 12-month performance ATMP holds a 5.3-point edge, +34.4% against +29.1%.
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 KYN: side by side
| ATMP (iPath Select MLP ETN) | KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +29.1% |
| 5-year return | +216.1% | +190.9% |
| Volatility (ann.) | 17.0% | 22.0% |
| Beta vs S&P 500 | 0.28 | 0.44 |
| Max drawdown (3Y) | -15.6% | -21.6% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 5.1 |
| Dividend yield | 0.00% | 6.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | KYN |
|---|---|---|
| 2022 | +27.5% | +20.5% |
| 2023 | +21.6% | +13.2% |
| 2024 | +38.7% | +60.4% |
| 2025 | +7.0% | +5.3% |
| 2026 | +32.0% | +25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and KYN good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ATMP and KYN?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.82 over the last year and 0.85 over 5 years.
Is KYN a good diversifier for ATMP?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 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-kyn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atmp-vs-kyn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATMP correlations · KYN correlations
