ATMP vs SPH: Correlation
Measured on weekly returns over the past three years, iPath Select MLP ETN (ATMP) and Suburban Propane Partners, L.P. (SPH) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and SPH?
Over the past 3 years, ATMP and SPH moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 191.4 %².
Among the 37 assets we track against ATMP, SPH ranks #31 by 3-year correlation. The last year tells two different stories: ATMP led by 33.7 percentage points, +34.4% for ATMP against +0.7% for SPH.
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 SPH: side by side
| ATMP (iPath Select MLP ETN) | SPH (Suburban Propane Partners, L.P.) | |
|---|---|---|
| 1-year return | +34.4% | +0.7% |
| 5-year return | +216.1% | +66.9% |
| Volatility (ann.) | 17.0% | 25.4% |
| Beta vs S&P 500 | 0.28 | 0.23 |
| Max drawdown (3Y) | -15.6% | -20.0% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.00% | 7.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | SPH |
|---|---|---|
| 2022 | +27.5% | +12.3% |
| 2023 | +21.6% | +27.0% |
| 2024 | +38.7% | +3.8% |
| 2025 | +7.0% | +15.2% |
| 2026 | +32.0% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and SPH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATMP and SPH?
As of 2026-08-27, the correlation of weekly returns between ATMP and SPH is 0.44 over 3 years, 0.65 over 1 year and 0.53 over 5 years.
Is SPH a good diversifier for ATMP?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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-sph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmp-vs-sph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATMP correlations · SPH correlations
