Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →

Advertisement
Advertisement

PIPEvsMDSTETF Comparison

ETF 1
PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

This fund is part of
Infrastructure
-0.15%
VS
ETF 2
MDST

Westwood Salient Enhanced Midstream Income ETF

This fund is part of
Options Strategies
-0.03%

Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Infrastructure segment. Westwood Salient Enhanced Midstream Income ETF (MDST) is part of the Options Strategies segment. PIPE's top 3 sector exposures are Energy and Utilities. In contrast, MDST's top sector exposures are Energy  PIPE is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.8% for MDST. PIPE is up 24.75% year-to-date (YTD) with -$209K in YTD flows. MDST performs worse with 12.49% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of PIPE and MDST below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios.  Discover our library of Model portfolios

PIPE vs MDST performance and flow charts

Performance

-5.0-4.0-3.0-2.0-1.00.0%Mar 30Apr 7Apr 14Apr 21Apr 28

Cumulative Flows

0 M2 M4 M6 M8 M10 M12 MMar 30Apr 7Apr 14Apr 21Apr 28

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 04/29/2026
1M3MYTD1Y3Y5Y
Perf.
PIPE
MDST
-0.43%-0.73%
+15.98%+7.13%
+24.75%+12.49%
+29.05%+18.43%
n/an/a
n/an/a
Flows
PIPE
MDST
-+$13M
-$209K+$42M
-$209K+$50M
+$36M+$142M
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
PIPE
MDST
+14.37%+9.66%
+13.79%+11.36%
n/an/a
n/an/a
Max drawdown
PIPE
MDST
-5.89%-4.32%
-7.30%-5.89%
n/an/a
n/an/a
Max drawdown duration
PIPE
MDST
34d33d
109d66d
n/an/a
n/an/a
Trading data

Create an account to view trading data

Join for free
PIPE
MDST
Last sale
4/29/2026 at 1:30 PM
$29.49
$28.73
Previous close
04/29/2026
$29.20
$28.73
Consolidated volume
04/29/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Advertisement
Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
PIPE
MDST
Last price
$29.49
$28.73
1D performance
+0.97%
-0.00%
AuM$61.90 M$239.86 M
E/R0.75%0.8%
Characteristics
PIPE
MDST
Management strategyActiveActive
ProviderInvescoWestwood
Benchmark--
N° of holdings2320
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateFebruary 20, 2025April 9, 2024
ESGNoNo
Advertisement
Exposure

Countries

PIPE
USA
73.94%
Canada
26.06%
Other
0%
MDST
USA
74.28%
Canada
17.8%
Other
7.92%

Sectors

PIPE
Energy
87.33%
Other
12.67%
MDST
Energy
92.08%
Other
7.92%
Advertisement

Diversification

PIPE

Total weight of top 15 holdings out of 15

75.72%
MDST

Total weight of top 15 holdings out of 15

85.36%

Top 15 holdings

Data as of March 31, 2026
PIPE
TARGA RESOURCS
7.54%
WILLIAMS
6.46%
PLAINS GP HOLDINGS
5.99%
TC ENERGY CORP
5.79%
CHENIERE ENERGY
5.33%
ONEOK
5.16%
KINDER MORGAN
4.85%
PEMBINA PIPELINE
4.65%
ENBRIDGE
4.53%
KEYERA
4.53%
ENERGY TRANSFER LP UNITS
4.46%
ENTERPRISE PRODUCTS PARTNERS UNT
4.45%
US50012A1088
4.28%
MPLX COMMON UNITS
4.06%
CA83671M1059
3.62%
MDST
ENBRIDGE
8.66%
ENERGY TRANSFER LP UNITS
8.65%
WILLIAMS
8.28%
ENTERPRISE PRODUCTS PARTNERS UNT
6.77%
DT MIDSTREAM INC
5.90%
KINDER MORGAN
5.81%
CHENIERE ENERGY
5.25%
ONEOK
4.93%
ANTERO MIDSTREAM CORPORATION
4.66%
TC ENERGY CORP
4.63%
MPLX COMMON UNITS
4.52%
PEMBINA PIPELINE
4.51%
PLAINS GP HOLDINGS
4.38%
TARGA RESOURCS
4.32%
HESS MIDSTREAM PARTNERS LP
4.09%
Frequently asked questions about PIPE and MDST

How have the PIPE and MDST ETFs performed in 2026?

As of April 29, 2026, PIPE is up 24.75% year-to-date (YTD), while MDST has returned 12.49%. That puts PIPE better performer ahead so far this year.

Which ETF is attracting more investor money: PIPE or MDST?

Year-to-date, the PIPE ETF saw -$209K in flows, compared to +$50M for MDST.

Which ETF is more volatile: PIPE or MDST?

Over the past year, PIPE had a volatility of 13.79%, while MDST experienced 11.36%.

Which ETF is bigger: PIPE or MDST?

As of April 29, 2026, PIPE holds $61.90 M in assets under management (AUM), while MDST manages $239.86 M.

What sectors do the PIPE and MDST ETFs invest in?

PIPE leans toward sectors like Energy. Meanwhile, MDST focuses on Energy.

What are the top holdings of the PIPE ETF and MDST ETF?

PIPE top holdings include TARGA RESOURCS, WILLIAMS and PLAINS GP HOLDINGS. MDST holds in its top three: ENBRIDGE, ENERGY TRANSFER LP UNITS and WILLIAMS.

Which ETF is more diversified: PIPE or MDST?

PIPE holds 25 securities with 75.72% of its assets in the top 15. MDST has 20 securities and a top 15 weight of 85.36%.

Advertisement
Advertisement
Advertisement
Webcast on Demand

Calamos Investments Powers the Next Phase of the Autocallable Revolution

Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.

Accepted for 1 CE Credit

Calamos Webcast