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PIPEvsMLPDETF Comparison

ETF 1

PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

This fund is part of

Infrastructure

-0.42%

Full PIPE fund page

VS

ETF 2

MLPD

Global X MLP & Energy Infrastructure Covered Call ETF

This fund is part of

Options Strategies

-0.15%

Full MLPD fund page

Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Infrastructure segment. Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: and Energy. PIPE is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.6% for MLPD. PIPE is up 31.61% year-to-date (YTD) with +$1M in YTD flows. MLPD performs worse with 7.52% YTD performance, and +$17M in YTD flows. Run a side-by-side ETF comparison of PIPE and MLPD 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 MLPD performance and flow charts

Performance

Cumulative Flows

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

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PIPE MLPD	+4.66%+2.03%	+8.39%+3.07%	+31.61%+7.52%	+35.65%+14.07%	n/an/a	n/an/a
Flows	PIPE MLPD	-+$751K	+$1M+$1M	+$1M+$17M	+$20M+$16M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PIPE MLPD	+18.68%+12.05%	+14.72%+10.56%	n/an/a	n/an/a
Max drawdown	PIPE MLPD	-6.97%-4.42%	-7.30%-5.15%	n/an/a	n/an/a
Max drawdown duration	PIPE MLPD	66d66d	109d57d	n/an/a	n/an/a

Trading data

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	PIPE	MLPD
Last sale 7/27/2026 at 1:30 PM	$30.14	$24.79
Previous close 07/24/2026	$31.04	$25.10
Consolidated volume 07/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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PIPE

is actively managed and doesn’t replicate an index

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	PIPE	MLPD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/27/2026 at 1:30 PM

Live

Closed

	PIPE	MLPD
Last price	$30.14	$24.79
1D performance	-2.90%	-1.23%
AuM	$66.63 M	$30.03 M
E/R	0.75%	0.6%

Characteristics

	PIPE	MLPD
Management strategy	Active	Passive
Provider	Invesco	Global X
Benchmark	-	Cboe MLPX ATM BuyWrite Index
N° of holdings	25	28
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 20, 2025	May 7, 2024
ESG	No	No

More PIPE data on Trackinsight

More MLPD data on Trackinsight

Exposure

Countries

PIPE

USA

72.98%

Canada

27.02%

Other

0%

MLPD

USA

77.86%

Canada

23.47%

Other

-1.33%

Sectors

PIPE

Energy

100%

Other

0%

MLPD

Energy

101.33%

Other

-1.33%

Diversification

PIPE

Total weight of top 15 holdings out of 15

75.88%

MLPD

Total weight of top 15 holdings out of 15

87.92%

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%

MLPD

TC Energy Corp.

9.49%

Enbridge, Inc.

9.39%

The Williams Cos., Inc.

9.21%

Kinder Morgan, Inc.

8.19%

ONEOK, Inc.

7.23%

Targa Resources Corp.

6.99%

Cheniere Energy, Inc.

4.82%

MPLX LP

4.82%

DT Midstream, Inc.

4.60%

Pembina Pipeline Corp.

4.58%

Energy Transfer LP

4.46%

Enterprise Products Partners LP

4.45%

Western Midstream Partners LP

3.72%

Plains All American Pipeline LP

3.67%

Antero Midstream Corp.

2.29%

Frequently asked questions about PIPE and MLPD

How have the PIPE and MLPD ETFs performed in 2026?

As of July 24, 2026, PIPE is up 31.61% year-to-date (YTD), while MLPD has returned 7.52%. That puts PIPE better performer ahead so far this year.

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

Year-to-date, the PIPE ETF saw +$1M in flows, compared to +$17M for MLPD.

Which ETF is more volatile: PIPE or MLPD?

Over the past year, PIPE had a volatility of 14.72%, while MLPD experienced 10.56%.

Which ETF is bigger: PIPE or MLPD?

As of July 24, 2026, PIPE holds $66.63 M in assets under management (AUM), while MLPD manages $30.03 M.

What sectors do the PIPE and MLPD ETFs invest in?

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

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

PIPE top holdings include Targa Resources Corp., The Williams Cos., Inc. and TC Energy Corp.. MLPD holds in its top three: TC Energy Corp., Enbridge, Inc. and The Williams Cos., Inc..

Which ETF is more diversified: PIPE or MLPD?

PIPE holds 25 securities with 75.88% of its assets in the top 15. MLPD has 28 securities and a top 15 weight of 87.92%.

Notable ETF Filings and Launches Recap: February 2025

March 4, 2025

PIPE

PIPEvsMLPDETF Comparison

Invesco SteelPath MLP & Energy Infrastructure ETF

Global X MLP & Energy Infrastructure Covered Call ETF

PIPE vs MLPD performance and flow charts

Performance

Cumulative Flows

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

Countries

Sectors

Diversification

Top 15 holdings

How have the PIPE and MLPD ETFs performed in 2026?

As of July 24, 2026, PIPE is up 31.61% year-to-date (YTD), while MLPD has returned 7.52%. That puts PIPE better performer ahead so far this year.

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

Year-to-date, the PIPE ETF saw +$1M in flows, compared to +$17M for MLPD.

Which ETF is more volatile: PIPE or MLPD?

Over the past year, PIPE had a volatility of 14.72%, while MLPD experienced 10.56%.

Which ETF is bigger: PIPE or MLPD?

As of July 24, 2026, PIPE holds $66.63 M in assets under management (AUM), while MLPD manages $30.03 M.

What sectors do the PIPE and MLPD ETFs invest in?

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

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

PIPE top holdings include Targa Resources Corp., The Williams Cos., Inc. and TC Energy Corp.. MLPD holds in its top three: TC Energy Corp., Enbridge, Inc. and The Williams Cos., Inc..

Which ETF is more diversified: PIPE or MLPD?

PIPE holds 25 securities with 75.88% of its assets in the top 15. MLPD has 28 securities and a top 15 weight of 87.92%.

Notable ETF Filings and Launches Recap: February 2025

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