ATMP vs SRV: Correlation
iPath Select MLP ETN (ATMP) and NXG Cushing Midstream Energy Fund (SRV) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and SRV?
Over the past 3 years, ATMP and SRV moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 270.2 %².
Within ATMP's tracked universe of 37 assets, SRV comes in at #20 by 3-year correlation. The trailing year gives ATMP the advantage: +34.4% versus +25.8%, a 8.6-point spread.
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 SRV: side by side
| ATMP (iPath Select MLP ETN) | SRV (NXG Cushing Midstream Energy Fund) | |
|---|---|---|
| 1-year return | +34.4% | +25.8% |
| 5-year return | +216.1% | +220.3% |
| Volatility (ann.) | 17.0% | 25.1% |
| Beta vs S&P 500 | 0.28 | 0.46 |
| Max drawdown (3Y) | -15.6% | -26.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | SRV |
|---|---|---|
| 2022 | +27.5% | +20.1% |
| 2023 | +21.6% | +16.8% |
| 2024 | +38.7% | +50.7% |
| 2025 | +7.0% | +5.0% |
| 2026 | +32.0% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and SRV good diversifiers for each other?
To a limited degree. At 0.63 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 SRV?
The ATMP/SRV correlation stands at 0.63 on a 3-year window (1 year: 0.63, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is SRV a good diversifier for ATMP?
To a limited degree. At 0.63 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 0.63 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-srv.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATMP correlations · SRV correlations
