ATMP vs LB: Correlation
iPath Select MLP ETN (ATMP) and LandBridge Company LLC Class A Shares Representing Limited (LB) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and LB?
On 3 years of weekly data the ATMP/LB correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 568.2 %².
By 3-year correlation, LB places #28 of the 37 assets tracked against ATMP. Their recent paths diverged sharply: over the last 12 months LB outperformed by 38.8 percentage points (+34.4% for ATMP against +73.2% for LB). One caveat on sizing: LB is 3.7 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 LB: side by side
| ATMP (iPath Select MLP ETN) | LB (LandBridge Company LLC Class A Shares Representing Limited) | |
|---|---|---|
| 1-year return | +34.4% | +73.2% |
| 5-year return | +216.1% | n/a |
| Volatility (ann.) | 17.0% | 63.4% |
| Beta vs S&P 500 | 0.28 | 1.65 |
| Max drawdown (3Y) | -15.6% | -48.2% |
| Market cap | – | $6.9B |
| P/E (trailing) | – | 79.0 |
| Dividend yield | 0.00% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | LB |
|---|---|---|
| 2022 | +27.5% | – |
| 2023 | +21.6% | – |
| 2024 | +38.7% | – |
| 2025 | +7.0% | -23.7% |
| 2026 | +32.0% | +82.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and LB good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ATMP and LB?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is LB a good diversifier for ATMP?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atmp-vs-lb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmp-vs-lb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATMP correlations · LB correlations
