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MLPIvsPIPEETF Comparison
NEOS MLP & Energy Infrastructure High Income ETF
NEOS MLP & Energy Infrastructure High Income ETF (MLPI) belongs to the Options Strategies segment. Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is part of the Infrastructure segment. Both ETFs have the same top 3 sector exposures: and Energy. MLPI is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.75% for PIPE. MLPI is up 14.28% year-to-date (YTD) with +$318M in YTD flows. PIPE performs better with 20.3% YTD performance, and -$209K in YTD flows. Run a side-by-side ETF comparison of MLPI and PIPE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
MLPI vs PIPE performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MLPI PIPE | +3.37%+5.98% | n/a+20.16% | +14.28%+20.30% | n/a+25.97% | n/an/a | n/an/a |
| Flows | MLPI PIPE | +$162M-$209K | --$209K | +$318M-$209K | -+$37M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MLPI PIPE | n/a+14.04% | n/a+18.63% | n/an/a | n/an/a |
| Max drawdown | MLPI PIPE | n/a-3.30% | n/a-15.66% | n/an/a | n/an/a |
| Max drawdown duration | MLPI PIPE | n/a9d | n/a294d | n/an/a | n/an/a |
MLPI | PIPE | |
Last sale 3/11/2026 at 1:30 PM | $28.99 | |
| Previous close 03/11/2026 | $28.75 | |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
MLPI | PIPE | |
|---|---|---|
| Last price | – | $28.99 |
| 1D performance | – | +0.83% |
| AuM | $364.03 M | $60.84 M |
| E/R | 0.68% | 0.75% |
MLPI | PIPE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | NEOS Investment Management | Invesco |
| Benchmark | - | - |
| N° of holdings | 22 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 18, 2025 | February 20, 2025 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the MLPI and PIPE ETFs performed in 2026?
As of March 11, 2026, MLPI is up 14.28% year-to-date (YTD), while PIPE has returned 20.3%. That puts PIPE better performer ahead so far this year.
Which ETF is attracting more investor money: MLPI or PIPE?
Year-to-date, the MLPI ETF saw +$318M in flows, compared to -$209K for PIPE.
Which ETF is bigger: MLPI or PIPE?
As of March 11, 2026, MLPI holds $364.03 M in assets under management (AUM), while PIPE manages $60.84 M.
What sectors do the MLPI and PIPE ETFs invest in?
MLPI leans toward sectors like Energy. Meanwhile, PIPE focuses on Energy.
What are the top holdings of the MLPI ETF and PIPE ETF?
MLPI top holdings include WILLIAMS, ENBRIDGE and TC ENERGY CORP. PIPE holds in its top three: TARGA RESOURCS, WILLIAMS and TC ENERGY CORP.
Which ETF is more diversified: MLPI or PIPE?
MLPI holds 24 securities with 82.72% of its assets in the top 15. PIPE has 25 securities and a top 15 weight of 75.45%.
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