PIPEvsNBETETF Comparison
VS
ETF 2
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
+0.1%
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Infrastructure segment. Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) is part of the Multiple Trends segment. PIPE's top 1 sector exposures are Energy. In contrast, NBET's top sector exposures are Energy, Utilities and Industrials. PIPE is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 2.1% for NBET. PIPE is up 28.22% year-to-date (YTD) with +$2M in YTD flows. NBET performs better with 31.51% YTD performance, and +$18M in YTD flows. Run a side-by-side ETF comparison of PIPE and NBET 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 NBET performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE NBET | +2.11%+3.94% | -3.29%+2.66% | +28.22%+31.51% | +33.15%+34.49% | n/a+116.21% | n/an/a |
| Flows | PIPE NBET | -+$4M | +$598K+$6M | +$2M+$18M | +$2M+$24M | -+$13M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE NBET | +17.66%+17.45% | +16.18%+15.76% | n/a+17.62% | n/an/a |
| Max drawdown | PIPE NBET | -9.06%-7.74% | -9.06%-7.88% | n/a-17.36% | n/an/a |
| Max drawdown duration | PIPE NBET | 66d44d | 66d90d | n/a359d | n/an/a |
Trading data
PIPE | NBET | |
Last sale 10/23/2026 at 1:30 PM | $29.99 | $42.08 |
| Previous close 10/22/2026 | $29.41 | $41.18 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
PIPE | NBET | |
|---|---|---|
| Last price | $29.99 | $42.08 |
| 1D performance | +1.97% | +2.18% |
| AuM | $65.08 M | $55.74 M |
| E/R | 0.75% | 2.1% |
Characteristics
PIPE | NBET | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | Neuberger Berman |
| Benchmark | - | - |
| N° of holdings | 25 | 30 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 20, 2025 | April 6, 2022 |
| ESG | No | Yes |
Exposure
Countries
PIPE
USA
74.13%
Canada
25.87%
Other
-0%
NBET
USA
95.59%
Other
4.41%
Sectors
PIPE
Energy
100%
Other
-0%
NBET
Energy
89.31%
Utilities
7.07%
Other
3.63%
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Diversification
PIPE
Total weight of top 15 holdings out of 15
75.66%
NBET
Total weight of top 15 holdings out of 15
76.95%
Top 15 holdings
Data as of August 31, 2026
PIPE
Targa Resources Corp.
8.42%
Plains GP Holdings LP
6.64%
The Williams Cos., Inc.
6.30%
TC Energy Corp.
5.47%
ONEOK, Inc.
5.03%
Cheniere Energy, Inc.
4.87%
Keyera Corp.
4.79%
Pembina Pipeline Corp.
4.75%
Energy Transfer LP
4.68%
Kinder Morgan, Inc.
4.34%
Enterprise Products Partners LP
4.27%
Kodiak Gas Services, Inc.
4.26%
MPLX LP
4.02%
Enbridge, Inc.
4.01%
South Bow Corp.
3.82%
NBET
Targa Resources Corp.
9.43%
Energy Transfer LP
7.89%
Enterprise Products Partners LP
7.52%
Cheniere Energy, Inc.
6.30%
DT Midstream, Inc.
6.17%
The Williams Cos., Inc.
5.25%
ConocoPhillips
4.68%
Chevron Corp.
4.50%
Western Midstream Partners LP
4.38%
Antero Midstream Corp.
3.84%
Clearway Energy, Inc.
3.82%
SunocoCorp LLC
3.67%
Antero Resources Corp.
3.48%
Occidental Petroleum Corp.
3.02%
ExxonMobil Holdings Corp.
3.00%
Frequently asked questions about PIPE and NBET
How have the PIPE and NBET ETFs performed in 2026?
As of October 23, 2026, PIPE is up 28.22% year-to-date (YTD), while NBET has returned 31.51%. That puts NBET better performer ahead so far this year.
Which ETF is attracting more investor money: PIPE or NBET?
Year-to-date, the PIPE ETF saw +$2M in flows, compared to +$18M for NBET.
Which ETF is more volatile: PIPE or NBET?
Over the past year, PIPE had a volatility of 16.18%, while NBET experienced 15.76%.
Which ETF is bigger: PIPE or NBET?
As of October 23, 2026, PIPE holds $65.08 M in assets under management (AUM), while NBET manages $55.74 M.
What sectors do the PIPE and NBET ETFs invest in?
PIPE leans toward sectors like Energy. Meanwhile, NBET focuses on Energy and Utilities.
What are the top holdings of the PIPE ETF and NBET ETF?
PIPE top holdings include Targa Resources Corp., Plains GP Holdings LP and The Williams Cos., Inc.. NBET holds in its top three: Targa Resources Corp., Energy Transfer LP and Enterprise Products Partners LP.
Which ETF is more diversified: PIPE or NBET?
PIPE holds 25 securities with 75.66% of its assets in the top 15. NBET has 30 securities and a top 15 weight of 76.95%.
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Latest news about PIPE & NBET
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