PIPEvsTPYPETF Comparison
VS
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and Tortoise North American Pipeline Fund ETF - USD (TPYP) belong to the same industry segment: Infrastructure. Both ETFs have the same top 3 sector exposures: and Energy. PIPE is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.4% for TPYP. PIPE is up 31.61% year-to-date (YTD) with +$1M in YTD flows. TPYP performs worse with 26.79% YTD performance, and +$22M in YTD flows. Run a side-by-side ETF comparison of PIPE and TPYP 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 TPYP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIPE TPYP | +4.66%+5.05% | +8.39%+6.99% | +31.61%+26.79% | +35.65%+29.94% | n/a+94.80% | n/a+147.46% |
| Flows | PIPE TPYP | -- | +$1M-$39M | +$1M+$22M | +$20M+$21M | -+$35M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIPE TPYP | +18.68%+17.71% | +14.72%+13.61% | n/a+15.12% | n/a+17.16% |
| Max drawdown | PIPE TPYP | -6.97%-6.70% | -7.30%-6.92% | n/a-12.89% | n/a-17.85% |
| Max drawdown duration | PIPE TPYP | 66d64d | 109d114d | n/a174d | n/a574d |
Trading data
PIPE | TPYP | |
Last sale 7/27/2026 at 1:30 PM | $30.14 | $42.79 |
| Previous close 07/24/2026 | $31.04 | $44.16 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
PIPE
is actively managed and doesn’t replicate an indexPIPE | TPYP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
PIPE | TPYP | |
|---|---|---|
| Last price | $30.14 | $42.79 |
| 1D performance | -2.90% | -3.10% |
| AuM | $66.63 M | $897.08 M |
| E/R | 0.75% | 0.4% |
Characteristics
PIPE | TPYP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Invesco | Tortoise Capital |
| Benchmark | - | Tortoise North American Pipeline Index |
| N° of holdings | 25 | 43 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 20, 2025 | June 30, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
PIPE
USA
72.98%
Canada
27.02%
Other
0%
TPYP
USA
74.32%
Canada
25.47%
Other
0.21%
Sectors
PIPE
Energy
100%
Other
0%
TPYP
Energy
85.75%
Utilities
13.99%
Other
0.26%
Advertisement
Diversification
PIPE
Total weight of top 15 holdings out of 15
75.88%
TPYP
Total weight of top 15 holdings out of 15
78.44%
Top 15 holdings
Data as of June 30, 2026
PIPE
Targa Resources Corp.
8.07%
The Williams Cos., Inc.
6.72%
TC Energy Corp.
6.24%
Plains GP Holdings LP
5.71%
Kodiak Gas Services, Inc.
5.48%
ONEOK, Inc.
4.81%
Pembina Pipeline Corp.
4.71%
Keyera Corp.
4.67%
Kinder Morgan, Inc.
4.64%
Enbridge, Inc.
4.58%
Energy Transfer LP
4.26%
Cheniere Energy, Inc.
4.26%
Enterprise Products Partners LP
4.07%
MPLX LP
3.87%
South Bow Corp.
3.80%
TPYP
The Williams Cos., Inc.
7.97%
Kinder Morgan, Inc.
7.67%
TC Energy Corp.
7.49%
Enbridge, Inc.
7.37%
Cheniere Energy, Inc.
7.10%
Targa Resources Corp.
6.91%
ONEOK, Inc.
6.63%
NiSource, Inc.
4.15%
Atmos Energy Corp.
4.08%
Energy Transfer LP
3.97%
Enterprise Products Partners LP
3.81%
Pembina Pipeline Corp.
3.80%
AltaGas Ltd.
2.58%
Keyera Corp.
2.52%
MPLX LP
2.39%
Frequently asked questions about PIPE and TPYP
How have the PIPE and TPYP ETFs performed in 2026?
As of July 24, 2026, PIPE is up 31.61% year-to-date (YTD), while TPYP has returned 26.79%. That puts PIPE better performer ahead so far this year.
Which ETF is attracting more investor money: PIPE or TPYP?
Year-to-date, the PIPE ETF saw +$1M in flows, compared to +$22M for TPYP.
Which ETF is more volatile: PIPE or TPYP?
Over the past year, PIPE had a volatility of 14.72%, while TPYP experienced 13.61%.
Which ETF is bigger: PIPE or TPYP?
As of July 24, 2026, PIPE holds $66.63 M in assets under management (AUM), while TPYP manages $897.08 M.
What sectors do the PIPE and TPYP ETFs invest in?
PIPE leans toward sectors like Energy. Meanwhile, TPYP focuses on Energy and Utilities.
What are the top holdings of the PIPE ETF and TPYP ETF?
PIPE top holdings include Targa Resources Corp., The Williams Cos., Inc. and TC Energy Corp.. TPYP holds in its top three: The Williams Cos., Inc., Kinder Morgan, Inc. and TC Energy Corp..
Which ETF is more diversified: PIPE or TPYP?
PIPE holds 25 securities with 75.88% of its assets in the top 15. TPYP has 43 securities and a top 15 weight of 78.44%.
Advertisement
Latest news about PIPE & TPYP
Advertisement
