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PIPEvsMDSTETF Comparison
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 19.25% year-to-date (YTD) with -$789K in YTD flows. MDST performs worse with 11.15% YTD performance, and +$27M 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.
PIPE vs MDST performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE MDST | +6.49%+3.29% | +19.84%+11.15% | +19.25%+11.15% | +25.86%+20.04% | n/an/a | n/an/a |
| Flows | PIPE MDST | -$789K+$13M | -$789K+$34M | -$789K+$27M | +$39M+$121M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE MDST | +14.00%+10.21% | +18.62%+16.67% | n/an/a | n/an/a |
| Max drawdown | PIPE MDST | -3.30%-2.67% | -15.66%-14.31% | n/an/a | n/an/a |
| Max drawdown duration | PIPE MDST | 9d9d | 294d174d | n/an/a | n/an/a |
PIPE | MDST | |
Last sale 3/11/2026 at 1:30 PM | $28.99 | $28.75 |
| Previous close 03/10/2026 | $28.75 | $28.63 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
PIPE | MDST | |
|---|---|---|
| Last price | $28.99 | $28.75 |
| 1D performance | +0.83% | +0.42% |
| AuM | $59.74 M | $216.04 M |
| E/R | 0.75% | 0.8% |
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 PIPE and MDST ETFs performed in 2026?
As of March 10, 2026, PIPE is up 19.25% year-to-date (YTD), while MDST has returned 11.15%. 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 -$789K in flows, compared to +$27M for MDST.
Which ETF is more volatile: PIPE or MDST?
Over the past year, PIPE had a volatility of 18.62%, while MDST experienced 16.67%.
Which ETF is bigger: PIPE or MDST?
As of March 10, 2026, PIPE holds $59.74 M in assets under management (AUM), while MDST manages $216.04 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 TC ENERGY CORP. MDST holds in its top three: ENERGY TRANSFER LP UNITS, ENBRIDGE and WILLIAMS.
Which ETF is more diversified: PIPE or MDST?
PIPE holds 25 securities with 75.45% of its assets in the top 15. MDST has 20 securities and a top 15 weight of 86.44%.
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