ATMP vs NXG: Correlation
How closely do iPath Select MLP ETN (ATMP) and NXG NextGen Infrastructure Income Fund (NXG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and NXG?
On 3 years of weekly data the ATMP/NXG correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.56 over 3 years. The 5-year figure is 0.63, and annualized covariance runs at 269.8 %².
By 3-year correlation, NXG places #23 of the 37 assets tracked against ATMP. Twelve-month performance is nearly a tie, at +34.4% for ATMP and +35.5% for NXG. Risk is not evenly split, since NXG carries 1.7 times the volatility of the other side.
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 NXG: side by side
| ATMP (iPath Select MLP ETN) | NXG (NXG NextGen Infrastructure Income Fund) | |
|---|---|---|
| 1-year return | +34.4% | +35.5% |
| 5-year return | +216.1% | +116.8% |
| Volatility (ann.) | 17.0% | 28.6% |
| Beta vs S&P 500 | 0.28 | 0.60 |
| Max drawdown (3Y) | -15.6% | -26.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | NXG |
|---|---|---|
| 2022 | +27.5% | -7.6% |
| 2023 | +21.6% | +4.3% |
| 2024 | +38.7% | +50.6% |
| 2025 | +7.0% | +25.8% |
| 2026 | +32.0% | +20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and NXG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATMP and NXG?
The ATMP/NXG correlation stands at 0.56 on a 3-year window (1 year: 0.21, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is NXG a good diversifier for ATMP?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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-nxg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atmp-vs-nxg/)
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Related comparisons
Hubs: ATMP correlations · NXG correlations
