BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

PIPEvsMLPDETF Comparison

ETF 1

PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

This fund is part of

Infrastructure

-0.15%

Full PIPE fund page

VS

ETF 2

MLPD

Global X MLP & Energy Infrastructure Covered Call ETF

This fund is part of

Options Strategies

-0.03%

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. PIPE's top 3 sector exposures are Energy and Utilities. In contrast, MLPD's top sector exposures are Energy PIPE is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.6% for MLPD. PIPE is up 24.75% year-to-date (YTD) with -$209K in YTD flows. MLPD performs worse with 5.42% YTD performance, and +$15M 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.

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

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

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 04/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PIPE MLPD	-0.43%-0.70%	+15.98%+2.33%	+24.75%+5.42%	+29.05%+19.02%	n/an/a	n/an/a
Flows	PIPE MLPD	-+$506K	-$209K+$13M	-$209K+$15M	+$36M+$18M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PIPE MLPD	+14.37%+8.89%	+13.79%+9.54%	n/an/a	n/an/a
Max drawdown	PIPE MLPD	-5.89%-3.80%	-7.30%-5.15%	n/an/a	n/an/a
Max drawdown duration	PIPE MLPD	34d34d	109d57d	n/an/a	n/an/a

Trading data

Create an account to view trading data

Join for free

	PIPE	MLPD
Last sale 4/29/2026 at 1:30 PM	$29.49	$25.20
Previous close 04/29/2026	$29.20	$25.23
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

PIPE

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	PIPE	MLPD
Last price	$29.49	$25.20
1D performance	+0.97%	-0.13%
AuM	$61.90 M	$29.07 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	23	26
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

73.94%

Canada

26.06%

Other

0%

MLPD

USA

78.19%

Canada

21.7%

Other

0.11%

Sectors

PIPE

Energy

87.33%

Other

12.67%

MLPD

Energy

95.65%

Other

4.35%

Diversification

PIPE

Total weight of top 15 holdings out of 15

75.72%

MLPD

Total weight of top 15 holdings out of 15

86.4%

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%

MLPD

ENBRIDGE

8.81%

WILLIAMS

8.56%

TC ENERGY CORP

8.54%

CHENIERE ENERGY

8.19%

KINDER MORGAN

7.93%

ONEOK

7.18%

TARGA RESOURCS

4.77%

ENTERPRISE PRODUCTS PARTNERS UNT

4.63%

ENERGY TRANSFER LP UNITS

4.51%

MPLX COMMON UNITS

4.39%

PEMBINA PIPELINE

4.35%

DT MIDSTREAM INC

4.30%

PLAINS ALL AMERICAN PIPELINE UNT

3.88%

WESTERN MIDSTREAM PARTNERS LP

3.71%

US92333F1012

2.63%

Frequently asked questions about PIPE and MLPD

How have the PIPE and MLPD ETFs performed in 2026?

As of April 29, 2026, PIPE is up 24.75% year-to-date (YTD), while MLPD has returned 5.42%. 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 -$209K in flows, compared to +$15M for MLPD.

Which ETF is more volatile: PIPE or MLPD?

Over the past year, PIPE had a volatility of 13.79%, while MLPD experienced 9.54%.

Which ETF is bigger: PIPE or MLPD?

As of April 29, 2026, PIPE holds $61.90 M in assets under management (AUM), while MLPD manages $29.07 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 RESOURCS, WILLIAMS and PLAINS GP HOLDINGS. MLPD holds in its top three: ENBRIDGE, WILLIAMS and TC ENERGY CORP.

Which ETF is more diversified: PIPE or MLPD?

PIPE holds 25 securities with 75.72% of its assets in the top 15. MLPD has 27 securities and a top 15 weight of 86.4%.

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 April 29, 2026, PIPE is up 24.75% year-to-date (YTD), while MLPD has returned 5.42%. 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 -$209K in flows, compared to +$15M for MLPD.

Which ETF is more volatile: PIPE or MLPD?

Over the past year, PIPE had a volatility of 13.79%, while MLPD experienced 9.54%.

Which ETF is bigger: PIPE or MLPD?

As of April 29, 2026, PIPE holds $61.90 M in assets under management (AUM), while MLPD manages $29.07 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 RESOURCS, WILLIAMS and PLAINS GP HOLDINGS. MLPD holds in its top three: ENBRIDGE, WILLIAMS and TC ENERGY CORP.

Which ETF is more diversified: PIPE or MLPD?

PIPE holds 25 securities with 75.72% of its assets in the top 15. MLPD has 27 securities and a top 15 weight of 86.4%.

Notable ETF Filings and Launches Recap: February 2025

Build and Analyze Your ETF Portfolio Like a Pro