ATMP vs LNG: Correlation
iPath Select MLP ETN (ATMP) and Cheniere Energy, Inc. (LNG) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and LNG?
Over the past 3 years, ATMP and LNG moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 337.2 %².
Within ATMP's tracked universe of 37 assets, LNG comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ATMP outperformed by 17.0 percentage points (+34.4% for ATMP against +17.4% for LNG). One caveat on sizing: LNG is 1.7 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 LNG: side by side
| ATMP (iPath Select MLP ETN) | LNG (Cheniere Energy, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +17.4% |
| 5-year return | +216.1% | +231.8% |
| Volatility (ann.) | 17.0% | 28.3% |
| Beta vs S&P 500 | 0.28 | 0.13 |
| Max drawdown (3Y) | -15.6% | -24.9% |
| Market cap | – | $58.0B |
| P/E (trailing) | – | 21.5 |
| Dividend yield | 0.00% | 0.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | LNG |
|---|---|---|
| 2022 | +27.5% | +49.3% |
| 2023 | +21.6% | +15.0% |
| 2024 | +38.7% | +27.2% |
| 2025 | +7.0% | -8.7% |
| 2026 | +32.0% | +45.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and LNG good diversifiers for each other?
Only partially. A correlation of 0.70 means ATMP and LNG 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 LNG?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.72 over the last year and 0.69 over 5 years.
Is LNG a good diversifier for ATMP?
Only partially. A correlation of 0.70 means ATMP and LNG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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-lng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmp-vs-lng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATMP correlations · LNG correlations
