PIPEvsBESFETF Comparison
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Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Infrastructure segment. Bastion Energy ETF (BESF) is part of the US Energy segment. Both ETFs have the same top 3 sector exposures: and Energy. PIPE is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.8% for BESF. PIPE is up 31.61% year-to-date (YTD) with +$1M in YTD flows. BESF performs worse with 19.89% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of PIPE and BESF 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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PIPE vs BESF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE BESF | +4.66%+5.14% | +8.39%+1.58% | +31.61%+19.89% | +35.65%+54.97% | n/an/a | n/an/a |
| Flows | PIPE BESF | -+$399K | +$1M+$2M | +$1M+$3M | +$20M+$6M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE BESF | +18.68%+22.91% | +14.72%+24.68% | n/an/a | n/an/a |
| Max drawdown | PIPE BESF | -6.97%-10.89% | -7.30%-10.89% | n/an/a | n/an/a |
| Max drawdown duration | PIPE BESF | 66d66d | 109d66d | n/an/a | n/an/a |
Trading data
PIPE | BESF | |
Last sale 7/27/2026 at 1:30 PM | $30.14 | $38.44 |
| Previous close 07/24/2026 | $31.04 | $39.95 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
PIPE | BESF | |
|---|---|---|
| Last price | $30.14 | $38.44 |
| 1D performance | -2.90% | -3.78% |
| AuM | $66.63 M | $34.77 M |
| E/R | 0.75% | 0.8% |
Characteristics
PIPE | BESF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | EA Series Trust |
| Benchmark | - | - |
| N° of holdings | 25 | 21 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 20, 2025 | June 4, 2025 |
| ESG | No | No |
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Exposure
Countries
PIPE
USA
72.98%
Canada
27.02%
Other
0%
BESF
USA
97.28%
Other
2.72%
Sectors
PIPE
Energy
100%
Other
0%
BESF
Energy
88.2%
Utilities
9.08%
Other
2.72%
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Diversification
PIPE
Total weight of top 15 holdings out of 15
75.88%
BESF
Total weight of top 15 holdings out of 15
75.4%
Top 15 holdings
Data as of June 30, 2026
PIPE
Targa Resources Corp.
8.07%
The Williams Cos., Inc.
6.72%
TC Energy Corp.
6.24%
Plains GP Holdings LP
5.71%
Kodiak Gas Services, Inc.
5.48%
ONEOK, Inc.
4.81%
Pembina Pipeline Corp.
4.71%
Keyera Corp.
4.67%
Kinder Morgan, Inc.
4.64%
Enbridge, Inc.
4.58%
Energy Transfer LP
4.26%
Cheniere Energy, Inc.
4.26%
Enterprise Products Partners LP
4.07%
MPLX LP
3.87%
South Bow Corp.
3.80%
BESF
NextDecade Corp.
8.42%
Cheniere Energy, Inc.
6.14%
The Williams Cos., Inc.
5.58%
ONEOK, Inc.
5.14%
Enterprise Products Partners LP
5.05%
Mach Natural Resources LP
5.01%
Energy Transfer LP
4.95%
Sempra
4.78%
EQT Corp.
4.70%
Kinetik Holdings, Inc.
4.38%
Expand Energy Corp.
4.38%
XPLR Infrastructure LP
4.30%
Western Midstream Partners LP
4.20%
Antero Resources Corp.
4.20%
ProPetro Holding Corp.
4.17%
Frequently asked questions about PIPE and BESF
How have the PIPE and BESF ETFs performed in 2026?
As of July 24, 2026, PIPE is up 31.61% year-to-date (YTD), while BESF has returned 19.89%. That puts PIPE better performer ahead so far this year.
Which ETF is attracting more investor money: PIPE or BESF?
Year-to-date, the PIPE ETF saw +$1M in flows, compared to +$3M for BESF.
Which ETF is more volatile: PIPE or BESF?
Over the past year, PIPE had a volatility of 14.72%, while BESF experienced 24.68%.
Which ETF is bigger: PIPE or BESF?
As of July 24, 2026, PIPE holds $66.63 M in assets under management (AUM), while BESF manages $34.77 M.
What sectors do the PIPE and BESF ETFs invest in?
PIPE leans toward sectors like Energy. Meanwhile, BESF focuses on Energy and Utilities.
What are the top holdings of the PIPE ETF and BESF ETF?
PIPE top holdings include Targa Resources Corp., The Williams Cos., Inc. and TC Energy Corp.. BESF holds in its top three: NextDecade Corp., Cheniere Energy, Inc. and The Williams Cos., Inc..
Which ETF is more diversified: PIPE or BESF?
PIPE holds 25 securities with 75.88% of its assets in the top 15. BESF has 21 securities and a top 15 weight of 75.4%.
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Latest news about PIPE & BESF
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