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PIPEvsMLPIETF Comparison
NEOS MLP & Energy Infrastructure High Income ETF
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 20.3% year-to-date (YTD) with -$209K in YTD flows. MLPI performs worse with 14.28% YTD performance, and +$318M 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.
PIPE vs MLPI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE MLPI | +5.98%+3.37% | +20.16%n/a | +20.30%+14.28% | +25.97%n/a | n/an/a | n/an/a |
| Flows | PIPE MLPI | -$209K+$162M | -$209K- | -$209K+$318M | +$37M- | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE MLPI | +14.04%n/a | +18.63%n/a | n/an/a | n/an/a |
| Max drawdown | PIPE MLPI | -3.30%n/a | -15.66%n/a | n/an/a | n/an/a |
| Max drawdown duration | PIPE MLPI | 9dn/a | 294dn/a | n/an/a | n/an/a |
PIPE | MLPI | |
Last sale 3/12/2026 at 1:30 PM | $28.83 | |
| Previous close 03/11/2026 | $28.99 | |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
PIPE | MLPI | |
|---|---|---|
| Last price | $28.83 | – |
| 1D performance | -0.54% | – |
| AuM | $60.84 M | $364.03 M |
| E/R | 0.75% | 0.68% |
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 |
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 MLPI ETFs performed in 2026?
As of March 11, 2026, PIPE is up 20.3% year-to-date (YTD), while MLPI has returned 14.28%. 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 +$318M for MLPI.
Which ETF is bigger: PIPE or MLPI?
As of March 11, 2026, PIPE holds $60.84 M in assets under management (AUM), while MLPI manages $364.03 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 TC ENERGY CORP. MLPI holds in its top three: WILLIAMS, ENBRIDGE and TC ENERGY CORP.
Which ETF is more diversified: PIPE or MLPI?
PIPE holds 25 securities with 75.45% of its assets in the top 15. MLPI has 24 securities and a top 15 weight of 82.72%.
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