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PIPEvsUMIETF Comparison

ETF 1
PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

This fund is part of
Infrastructure
-0.42%
VS
ETF 2
UMI

USCF Midstream Energy Income Fund

This fund is part of
Infrastructure
-0.42%

Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and USCF Midstream Energy Income Fund (UMI) belong to the same industry segment: Infrastructure. Both ETFs have the same top 3 sector exposures: and Energy. PIPE is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.85% for UMI. PIPE is up 31.61% year-to-date (YTD) with +$1M in YTD flows. UMI performs worse with 28.77% YTD performance, and +$19M in YTD flows. Run a side-by-side ETF comparison of PIPE and UMI 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 UMI performance and flow charts

Performance

-1.00.01.02.03.04.05.06.0%Jun 24Jul 1Jul 8Jul 15Jul 22

Cumulative Flows

0 M2 M4 M6 M8 M10 M12 MJun 24Jul 1Jul 8Jul 15Jul 22

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 07/24/2026
1M3MYTD1Y3Y5Y
Perf.
PIPE
UMI
+4.66%+5.72%
+8.39%+10.02%
+31.61%+28.77%
+35.65%+32.94%
n/a+95.59%
n/a+165.91%
Flows
PIPE
UMI
-+$13M
+$1M+$8M
+$1M+$19M
+$20M+$38M
-+$110M
-+$195M
Volatility and drawdown
3M1Y3Y5Y
Volatility
PIPE
UMI
+18.68%+18.44%
+14.72%+14.27%
n/a+16.22%
n/a+19.24%
Max drawdown
PIPE
UMI
-6.97%-6.54%
-7.30%-7.51%
n/a-16.88%
n/a-20.12%
Max drawdown duration
PIPE
UMI
66d64d
109d66d
n/a370d
n/a492d
Trading data

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PIPE
UMI
Last sale
7/27/2026 at 1:30 PM
$30.14
$60.16
Previous close
07/24/2026
$31.04
$62.00
Consolidated volume
07/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
PIPE
UMI
Last price
$30.14
$60.16
1D performance
-2.90%
-2.97%
AuM$66.63 M$518.62 M
E/R0.75%0.85%
Characteristics
PIPE
UMI
Management strategyActiveActive
ProviderInvescoUSCF
Benchmark--
N° of holdings2522
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateFebruary 20, 2025March 24, 2021
ESGNoNo
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Exposure

Countries

PIPE
USA
72.98%
Canada
27.02%
Other
0%
UMI
USA
72.94%
Canada
26.83%
Other
0.23%

Sectors

PIPE
Energy
100%
Other
0%
UMI
Energy
99.77%
Other
0.23%
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Diversification

PIPE

Total weight of top 15 holdings out of 15

75.88%
UMI

Total weight of top 15 holdings out of 15

83.99%

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%
UMI
Energy Transfer LP
7.76%
Enterprise Products Partners LP
7.56%
The Williams Cos., Inc.
7.37%
Enbridge, Inc.
7.05%
Targa Resources Corp.
6.89%
DT Midstream, Inc.
6.28%
Kinder Morgan, Inc.
6.23%
ONEOK, Inc.
4.81%
MPLX LP
4.71%
Keyera Corp.
4.61%
Plains GP Holdings LP
4.56%
TC Energy Corp.
4.40%
Pembina Pipeline Corp.
4.38%
Antero Midstream Corp.
3.75%
Cheniere Energy, Inc.
3.63%
Frequently asked questions about PIPE and UMI

How have the PIPE and UMI ETFs performed in 2026?

As of July 24, 2026, PIPE is up 31.61% year-to-date (YTD), while UMI has returned 28.77%. That puts PIPE better performer ahead so far this year.

Which ETF is attracting more investor money: PIPE or UMI?

Year-to-date, the PIPE ETF saw +$1M in flows, compared to +$19M for UMI.

Which ETF is more volatile: PIPE or UMI?

Over the past year, PIPE had a volatility of 14.72%, while UMI experienced 14.27%.

Which ETF is bigger: PIPE or UMI?

As of July 24, 2026, PIPE holds $66.63 M in assets under management (AUM), while UMI manages $518.62 M.

What sectors do the PIPE and UMI ETFs invest in?

PIPE leans toward sectors like Energy. Meanwhile, UMI focuses on Energy.

What are the top holdings of the PIPE ETF and UMI ETF?

PIPE top holdings include Targa Resources Corp., The Williams Cos., Inc. and TC Energy Corp.. UMI holds in its top three: Energy Transfer LP, Enterprise Products Partners LP and The Williams Cos., Inc..

Which ETF is more diversified: PIPE or UMI?

PIPE holds 25 securities with 75.88% of its assets in the top 15. UMI has 22 securities and a top 15 weight of 83.99%.

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