NVIRvsPIPEETF Comparison
ETF 1
NVIR
Horizon Kinetics Energy and Remediation ETF
This fund is part of
Uncategorized Equities
-0.72%
VS
Horizon Kinetics Energy and Remediation ETF (NVIR) belongs to the Uncategorized Equities segment. Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is part of the Infrastructure segment. NVIR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, PIPE's top sector exposures are Energy, NVIR is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.75% for PIPE. NVIR is up 19.95% year-to-date (YTD) with +$979K in YTD flows. PIPE performs better with 31.17% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of NVIR 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.
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NVIR vs PIPE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NVIR PIPE | +3.83%+6.21% | +1.99%+9.51% | +19.95%+31.17% | +28.45%+35.37% | +57.90%n/a | n/an/a |
| Flows | NVIR PIPE | -- | -+$1M | +$979K+$1M | +$979K+$21M | +$2M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NVIR PIPE | +18.25%+18.57% | +16.55%+14.94% | +18.59%n/a | n/an/a |
| Max drawdown | NVIR PIPE | -8.59%-6.97% | -8.69%-7.30% | -22.26%n/a | n/an/a |
| Max drawdown duration | NVIR PIPE | 59d59d | 110d109d | 348dn/a | n/an/a |
Trading data
NVIR | PIPE | |
Last sale 7/17/2026 at 1:30 PM | $39.02 | $30.91 |
| Previous close 07/16/2026 | $38.87 | $30.90 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
NVIR | PIPE | |
|---|---|---|
| Last price | $39.02 | $30.91 |
| 1D performance | +0.39% | +0.05% |
| AuM | $5.86 M | $66.41 M |
| E/R | 0.85% | 0.75% |
Characteristics
NVIR | PIPE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Horizon Kinetics LLC | Invesco |
| Benchmark | - | - |
| N° of holdings | 37 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 21, 2023 | February 20, 2025 |
| ESG | No | No |
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Exposure
Countries
NVIR
USA
68.68%
Canada
22.4%
Other
8.92%
PIPE
USA
72.51%
Canada
27.49%
Sectors
NVIR
Energy
51.05%
Finance
15.13%
Industrials
14.09%
Non-Energy Materi.
11.03%
Other
8.7%
PIPE
Energy
100%
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Diversification
NVIR
Total weight of top 15 holdings out of 15
61.01%
PIPE
Total weight of top 15 holdings out of 15
75.98%
Top 15 holdings
Data as of May 31, 2026
NVIR
CES Energy Solutions Corp.
6.46%
The Williams Cos., Inc.
5.54%
Texas Pacific Land Corp.
5.48%
Permian Basin Royalty Trust
4.61%
Suncor Energy, Inc.
4.51%
Enerflex Ltd.
4.47%
EQT Corp.
4.13%
Exxon Mobil Corp.
4.07%
Cheniere Energy, Inc.
3.65%
PrairieSky Royalty Ltd.
3.40%
Diamondback Energy, Inc.
3.29%
Select Water Solutions, Inc.
3.20%
TETRA Technologies, Inc.
2.91%
Expand Energy Corp.
2.67%
EOG Resources, Inc.
2.62%
PIPE
Targa Resources Corp.
7.94%
The Williams Cos., Inc.
6.45%
TC Energy Corp.
6.20%
Plains GP Holdings LP
6.08%
Kodiak Gas Services, Inc.
5.07%
Pembina Pipeline Corp.
4.82%
ONEOK, Inc.
4.80%
Keyera Corp.
4.75%
Enbridge, Inc.
4.64%
Kinder Morgan, Inc.
4.57%
Energy Transfer LP
4.42%
Enterprise Products Partners LP
4.27%
Cheniere Energy, Inc.
4.14%
South Bow Corp.
3.94%
MPLX LP
3.90%
Frequently asked questions about NVIR and PIPE
How have the NVIR and PIPE ETFs performed in 2026?
As of July 17, 2026, NVIR is up 19.95% year-to-date (YTD), while PIPE has returned 31.17%. That puts PIPE better performer ahead so far this year.
Which ETF is attracting more investor money: NVIR or PIPE?
Year-to-date, the NVIR ETF saw +$979K in flows, compared to +$1M for PIPE.
Which ETF is more volatile: NVIR or PIPE?
Over the past year, NVIR had a volatility of 16.55%, while PIPE experienced 14.94%.
Which ETF is bigger: NVIR or PIPE?
As of July 17, 2026, NVIR holds $5.86 M in assets under management (AUM), while PIPE manages $66.41 M.
What sectors do the NVIR and PIPE ETFs invest in?
NVIR leans toward sectors like Energy, Finance and Industrials. Meanwhile, PIPE focuses on Energy.
What are the top holdings of the NVIR ETF and PIPE ETF?
NVIR top holdings include CES Energy Solutions Corp., The Williams Cos., Inc. and Texas Pacific Land Corp.. PIPE holds in its top three: Targa Resources Corp., The Williams Cos., Inc. and TC Energy Corp..
Which ETF is more diversified: NVIR or PIPE?
NVIR holds 37 securities with 61.01% of its assets in the top 15. PIPE has 25 securities and a top 15 weight of 75.98%.
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Latest news about NVIR & PIPE
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