ATMP vs TYG: Correlation
iPath Select MLP ETN (ATMP) and Tortoise Energy Infrastructure Corporation (TYG) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and TYG?
Across a 3-year window, the weekly returns of ATMP and TYG correlate at 0.79, strong. Lately the two have drifted apart, with the 1-year correlation at 0.66 versus 0.79 over 3 years. Stretching to 5 years gives 0.83, with an annualized covariance of 284.1 %².
Among the 37 assets we track against ATMP, TYG ranks #11 by 3-year correlation. The last year tells two different stories: ATMP led by 20.3 percentage points, +34.4% for ATMP against +14.1% for TYG.
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 TYG: side by side
| ATMP (iPath Select MLP ETN) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +34.4% | +14.1% |
| 5-year return | +216.1% | +162.5% |
| Volatility (ann.) | 17.0% | 21.2% |
| Beta vs S&P 500 | 0.28 | 0.45 |
| Max drawdown (3Y) | -15.6% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMP | TYG |
|---|---|---|
| 2022 | +27.5% | +24.2% |
| 2023 | +21.6% | -0.4% |
| 2024 | +38.7% | +60.2% |
| 2025 | +7.0% | +8.5% |
| 2026 | +32.0% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and TYG good diversifiers for each other?
Only partially. A correlation of 0.79 means ATMP and TYG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ATMP and TYG?
As of 2026-08-27, the correlation of weekly returns between ATMP and TYG is 0.79 over 3 years, 0.66 over 1 year and 0.83 over 5 years.
Is TYG a good diversifier for ATMP?
Only partially. A correlation of 0.79 means ATMP and TYG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 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.
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Related comparisons
Hubs: ATMP correlations · TYG correlations
