Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
PIPEvsMLPXETF Comparison
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and Global X MLP & Energy Infrastructure ETF (MLPX) belong to the same industry segment: Infrastructure. PIPE's top 3 sector exposures are Energy and Utilities. In contrast, MLPX's top sector exposures are Energy PIPE is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.45% for MLPX. PIPE is up 19.25% year-to-date (YTD) with -$789K in YTD flows. MLPX performs better with 19.42% YTD performance, and +$61M in YTD flows. Run a side-by-side ETF comparison of PIPE and MLPX 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 MLPX performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE MLPX | +6.49%+6.30% | +19.84%+20.41% | +19.25%+19.42% | +25.86%+25.05% | n/a+110.19% | n/a+186.11% |
| Flows | PIPE MLPX | -$789K+$27M | -$789K+$80M | -$789K+$61M | +$39M-$26M | -+$1.15B | -+$1.21B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE MLPX | +14.00%+14.96% | +18.62%+19.02% | n/a+16.90% | n/a+20.04% |
| Max drawdown | PIPE MLPX | -3.30%-3.15% | -15.66%-14.85% | n/a-16.47% | n/a-19.62% |
| Max drawdown duration | PIPE MLPX | 9d9d | 294d294d | n/a370d | n/a427d |
PIPE | MLPX | |
Last sale 3/11/2026 at 1:30 PM | $28.99 | $72.16 |
| Previous close 03/10/2026 | $28.75 | $71.46 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
PIPE | MLPX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
PIPE | MLPX | |
|---|---|---|
| Last price | $28.99 | $72.16 |
| 1D performance | +0.83% | +0.98% |
| AuM | $59.74 M | $3.15 B |
| E/R | 0.75% | 0.45% |
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 MLPX ETFs performed in 2026?
As of March 10, 2026, PIPE is up 19.25% year-to-date (YTD), while MLPX has returned 19.42%. That puts MLPX better performer ahead so far this year.
Which ETF is attracting more investor money: PIPE or MLPX?
Year-to-date, the PIPE ETF saw -$789K in flows, compared to +$61M for MLPX.
Which ETF is more volatile: PIPE or MLPX?
Over the past year, PIPE had a volatility of 18.62%, while MLPX experienced 19.02%.
Which ETF is bigger: PIPE or MLPX?
As of March 10, 2026, PIPE holds $59.74 M in assets under management (AUM), while MLPX manages $3.15 B.
What sectors do the PIPE and MLPX ETFs invest in?
PIPE leans toward sectors like Energy. Meanwhile, MLPX focuses on Energy.
What are the top holdings of the PIPE ETF and MLPX ETF?
PIPE top holdings include TARGA RESOURCS, WILLIAMS and TC ENERGY CORP. MLPX holds in its top three: WILLIAMS, TC ENERGY CORP and ENBRIDGE.
Which ETF is more diversified: PIPE or MLPX?
PIPE holds 25 securities with 75.45% of its assets in the top 15. MLPX has 26 securities and a top 15 weight of 84.93%.
Notable ETF Filings and Launches Recap: February 2025
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
