ATMP vs PBA: Correlation
Measured on weekly returns over the past three years, iPath Select MLP ETN (ATMP) and Pembina Pipeline Corp. (PBA) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and PBA?
Over the past 3 years, ATMP and PBA moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 232.4 %².
By 3-year correlation, PBA places #18 of the 37 assets tracked against ATMP. Twelve-month performance is nearly a tie, at +34.4% for ATMP and +31.4% for PBA.
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 PBA: side by side
| ATMP (iPath Select MLP ETN) | PBA (Pembina Pipeline Corp.) | |
|---|---|---|
| 1-year return | +34.4% | +31.4% |
| 5-year return | +216.1% | +98.2% |
| Volatility (ann.) | 17.0% | 20.0% |
| Beta vs S&P 500 | 0.28 | 0.08 |
| Max drawdown (3Y) | -15.6% | -17.9% |
| Market cap | – | $28.1B |
| P/E (trailing) | – | 23.7 |
| Dividend yield | 0.00% | 5.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | PBA |
|---|---|---|
| 2022 | +27.5% | +18.3% |
| 2023 | +21.6% | +7.8% |
| 2024 | +38.7% | +13.2% |
| 2025 | +7.0% | +5.7% |
| 2026 | +32.0% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and PBA good diversifiers for each other?
To a limited degree. At 0.69 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 PBA?
As of 2026-08-27, the correlation of weekly returns between ATMP and PBA is 0.69 over 3 years, 0.78 over 1 year and 0.76 over 5 years.
Is PBA a good diversifier for ATMP?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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-pba.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atmp-vs-pba/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATMP correlations · PBA correlations
