BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

PIPEvsMLPIETF Comparison

ETF 1

PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

This fund is part of

Infrastructure

-0.03%

Full PIPE fund page

VS

ETF 2

MLPI

NEOS MLP & Energy Infrastructure High Income ETF

This fund is part of

Options Strategies

-0.04%

Full MLPI fund page

Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Infrastructure segment. NEOS MLP & Energy Infrastructure High Income ETF (MLPI) is part of the Options Strategies segment. PIPE's top 3 sector exposures are Energy and Utilities. In contrast, MLPI's top sector exposures are Energy PIPE is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.68% for MLPI. PIPE is up 21.47% year-to-date (YTD) with -$209K in YTD flows. MLPI performs worse with 15.42% YTD performance, and +$502M in YTD flows. Run a side-by-side ETF comparison of PIPE and MLPI 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 MLPI 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PIPE MLPI	-3.77%-2.59%	+14.97%+10.93%	+21.47%+15.42%	+25.03%n/a	n/an/a	n/an/a
Flows	PIPE MLPI	-+$106M	-$209K+$420M	-$209K+$502M	+$36M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PIPE MLPI	+14.12%+11.95%	+13.71%n/a	n/an/a	n/an/a
Max drawdown	PIPE MLPI	-5.89%-4.42%	-7.30%n/a	n/an/a	n/an/a
Max drawdown duration	PIPE MLPI	32d32d	109dn/a	n/an/a	n/an/a

Trading data

Create an account to view trading data

Join for free

	PIPE	MLPI
Last sale 4/27/2026 at 1:30 PM	$28.86
Previous close 04/27/2026	$28.72
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	PIPE	MLPI
Last price	$28.86	–
1D performance	+0.48%	–
AuM	$60.27 M	$539.53 M
E/R	0.75%	0.68%

Characteristics

	PIPE	MLPI
Management strategy	Active	Active
Provider	Invesco	NEOS Investment Management
Benchmark	-	-
N° of holdings	23	22
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 20, 2025	December 18, 2025
ESG	No	No

More PIPE data on Trackinsight

More MLPI data on Trackinsight

Exposure

Countries

PIPE

USA

73.94%

Canada

26.06%

Other

0%

MLPI

USA

72.72%

Canada

23.96%

Other

3.32%

Sectors

PIPE

Energy

87.33%

Other

12.67%

MLPI

Energy

91.31%

Other

8.69%

Diversification

PIPE

Total weight of top 15 holdings out of 15

75.72%

MLPI

Total weight of top 15 holdings out of 15

79.37%

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%

MLPI

ENBRIDGE

9.43%

WILLIAMS

9.27%

TC ENERGY CORP

6.13%

KINDER MORGAN

5.96%

PEMBINA PIPELINE

5.67%

CHENIERE ENERGY

5.42%

ONEOK

4.76%

TARGA RESOURCS

4.75%

ENTERPRISE PRODUCTS PARTNERS UNT

4.33%

ENERGY TRANSFER LP UNITS

4.32%

NEXTDECADE CORPORATION

4.22%

MPLX COMMON UNITS

3.97%

DT MIDSTREAM INC

3.88%

ANTERO MIDSTREAM CORPORATION

3.76%

CHENIERE ENERGY PARTNERS UNT

3.50%

Frequently asked questions about PIPE and MLPI

How have the PIPE and MLPI ETFs performed in 2026?

As of April 27, 2026, PIPE is up 21.47% year-to-date (YTD), while MLPI has returned 15.42%. That puts PIPE better performer ahead so far this year.

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

Year-to-date, the PIPE ETF saw -$209K in flows, compared to +$502M for MLPI.

Which ETF is bigger: PIPE or MLPI?

As of April 27, 2026, PIPE holds $60.27 M in assets under management (AUM), while MLPI manages $539.53 M.

What sectors do the PIPE and MLPI ETFs invest in?

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

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

PIPE top holdings include TARGA RESOURCS, WILLIAMS and PLAINS GP HOLDINGS. MLPI holds in its top three: ENBRIDGE, WILLIAMS and TC ENERGY CORP.

Which ETF is more diversified: PIPE or MLPI?

PIPE holds 25 securities with 75.72% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 79.37%.

Notable ETF Filings and Launches Recap: February 2025

March 4, 2025

PIPE

PIPEvsMLPIETF Comparison

Invesco SteelPath MLP & Energy Infrastructure ETF

NEOS MLP & Energy Infrastructure High Income ETF

PIPE vs MLPI 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 MLPI ETFs performed in 2026?

As of April 27, 2026, PIPE is up 21.47% year-to-date (YTD), while MLPI has returned 15.42%. That puts PIPE better performer ahead so far this year.

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

Year-to-date, the PIPE ETF saw -$209K in flows, compared to +$502M for MLPI.

Which ETF is bigger: PIPE or MLPI?

As of April 27, 2026, PIPE holds $60.27 M in assets under management (AUM), while MLPI manages $539.53 M.

What sectors do the PIPE and MLPI ETFs invest in?

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

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

PIPE top holdings include TARGA RESOURCS, WILLIAMS and PLAINS GP HOLDINGS. MLPI holds in its top three: ENBRIDGE, WILLIAMS and TC ENERGY CORP.

Which ETF is more diversified: PIPE or MLPI?

PIPE holds 25 securities with 75.72% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 79.37%.

Notable ETF Filings and Launches Recap: February 2025

Expert-Built ETF Portfolios, All in One Place