ATMP vs NML: Correlation
iPath Select MLP ETN (ATMP) and Neuberger Energy Infrastructure and Income Fund Inc. (NML) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and NML?
Over the past 3 years, ATMP and NML moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.89, and the annualized covariance of weekly returns is 320.6 %².
In ATMP's tracked universe of 37 assets, NML sits right near the top at #3. Their 12-month results are close: +34.4% for ATMP against +30.7% for NML.
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 NML: side by side
| ATMP (iPath Select MLP ETN) | NML (Neuberger Energy Infrastructure and Income Fund Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +30.7% |
| 5-year return | +216.1% | +220.1% |
| Volatility (ann.) | 17.0% | 21.3% |
| Beta vs S&P 500 | 0.28 | 0.35 |
| Max drawdown (3Y) | -15.6% | -16.9% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 4.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | NML |
|---|---|---|
| 2022 | +27.5% | +32.8% |
| 2023 | +21.6% | +14.5% |
| 2024 | +38.7% | +40.5% |
| 2025 | +7.0% | +4.3% |
| 2026 | +32.0% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and NML good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ATMP and NML?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.86 over the last year and 0.89 over 5 years.
Is NML a good diversifier for ATMP?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 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-nml.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atmp-vs-nml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATMP correlations · NML correlations
