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PIPEvsPAVEETF Comparison
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and Global X U.S. Infrastructure Development ETF (PAVE) belong to the same industry segment: Infrastructure. PIPE's top 3 sector exposures are Energy and Utilities. In contrast, PAVE's top sector exposures are Industrials and Materials.Utilities, PIPE is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.47% for PAVE. PIPE is up 19.48% year-to-date (YTD) with -$209K in YTD flows. PAVE performs worse with 5.7% YTD performance, and +$1.05B in YTD flows. Run a side-by-side ETF comparison of PIPE and PAVE 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 PAVE performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE PAVE | +5.41%-7.55% | +19.66%+3.60% | +19.48%+5.70% | +23.44%+34.26% | n/a+87.24% | n/a+111.71% |
| Flows | PIPE PAVE | +$1M+$473M | -$209K+$1.31B | -$209K+$1.05B | +$41M+$1.28B | -+$3.60B | -+$5.48B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE PAVE | +14.13%+20.32% | +18.60%+22.76% | n/a+20.38% | n/a+21.81% |
| Max drawdown | PIPE PAVE | -3.30%-9.25% | -15.66%-14.24% | n/a-26.27% | n/a-26.27% |
| Max drawdown duration | PIPE PAVE | 9d18d | 294d37d | n/a239d | n/a239d |
PIPE | PAVE | |
Last sale 3/13/2026 at 1:30 PM | $28.92 | $50.17 |
| Previous close 03/12/2026 | $28.83 | $50.50 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
PIPE | PAVE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
PIPE | PAVE | |
|---|---|---|
| Last price | $28.92 | $50.17 |
| 1D performance | +0.32% | -0.65% |
| AuM | $60.43 M | $11.53 B |
| E/R | 0.75% | 0.47% |
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 PAVE ETFs performed in 2026?
As of March 12, 2026, PIPE is up 19.48% year-to-date (YTD), while PAVE has returned 5.7%. That puts PIPE better performer ahead so far this year.
Which ETF is attracting more investor money: PIPE or PAVE?
Year-to-date, the PIPE ETF saw -$209K in flows, compared to +$1.05B for PAVE.
Which ETF is more volatile: PIPE or PAVE?
Over the past year, PIPE had a volatility of 18.6%, while PAVE experienced 22.76%.
Which ETF is bigger: PIPE or PAVE?
As of March 12, 2026, PIPE holds $60.43 M in assets under management (AUM), while PAVE manages $11.53 B.
What sectors do the PIPE and PAVE ETFs invest in?
PIPE leans toward sectors like Energy. Meanwhile, PAVE focuses on Industrials and Materials.
What are the top holdings of the PIPE ETF and PAVE ETF?
PIPE top holdings include TARGA RESOURCS, WILLIAMS and TC ENERGY CORP. PAVE holds in its top three: HOWMET AEROSPACE INC, PARKER HANNIFIN and QUANTA SERVICES.
Which ETF is more diversified: PIPE or PAVE?
PIPE holds 25 securities with 75.45% of its assets in the top 15. PAVE has 98 securities and a top 15 weight of 45.12%.
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