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PIPEvsUSAIETF Comparison

ETF 1
PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

This fund is part of
Infrastructure
-0.22%
VS
ETF 2
USAI

Pacer American Energy Independence ETF - Distributing

This fund is part of
Infrastructure
-0.22%

Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and Pacer American Energy Independence ETF - Distributing (USAI) belong to the same industry segment: Infrastructure. PIPE's top 3 sector exposures are Energy and Utilities. In contrast, USAI's top sector exposures are Energy  Both PIPE and USAI have the same Total Expense Ratio (TER) of 0.75%. PIPE is up 25.46% year-to-date (YTD) with +$1M in YTD flows. USAI performs worse with 20.49% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of PIPE and USAI 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 USAI performance and flow charts

Performance

-6.0-4.0-2.00.02.0%May 15May 22Jun 1Jun 8Jun 15

Cumulative Flows

0 M1 M2 M3 M4 M5 M6 M7 MMay 15May 22Jun 1Jun 8Jun 15

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Historic performance and flows
Data as of 06/15/2026
1M3MYTD1Y3Y5Y
Perf.
PIPE
USAI
-4.00%-5.18%
+4.21%-0.97%
+25.46%+20.49%
+28.22%+18.28%
n/a+93.12%
n/a+122.61%
Flows
PIPE
USAI
+$892K+$7M
+$1M+$17M
+$1M+$15M
+$29M+$7M
-+$32M
-+$54M
Volatility and drawdown
3M1Y3Y5Y
Volatility
PIPE
USAI
+17.92%+19.77%
+14.55%+16.15%
n/a+17.53%
n/a+20.52%
Max drawdown
PIPE
USAI
-6.97%-8.55%
-7.30%-8.92%
n/a-18.00%
n/a-20.75%
Max drawdown duration
PIPE
USAI
27d47d
109d185d
n/a372d
n/a533d
Trading data

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PIPE
USAI
Last sale
6/16/2026 at 1:30 PM
$29.36
$44.73
Previous close
06/15/2026
$29.68
$45.18
Consolidated volume
06/15/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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PIPE
is actively managed and doesn’t replicate an index

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PIPE
USAI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/16/2026 at 1:30 PM
Live
Closed
PIPE
USAI
Last price
$29.36
$44.73
1D performance
-1.08%
-0.99%
AuM$63.74 M$110.66 M
E/R0.75%0.75%
Characteristics
PIPE
USAI
Management strategyActivePassive
ProviderInvescoPACER ETFs
Benchmark-American Energy Independence Index
N° of holdings2332
Asset class-Equities
Trailing 12m distribution yield
Join
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Inception dateFebruary 20, 2025October 10, 2017
ESGNoNo
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Exposure

Countries

PIPE
USA
74.01%
Canada
25.99%
Other
0%
USAI
USA
78.79%
Canada
21.05%
Other
0.16%

Sectors

PIPE
Energy
86.36%
Other
13.64%
USAI
Energy
94.84%
Other
5.16%
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Diversification

PIPE

Total weight of top 15 holdings out of 15

75.28%
USAI

Total weight of top 15 holdings out of 15

76.13%

Top 15 holdings

Data as of April 30, 2026
PIPE
TARGA RESOURCS
7.54%
WILLIAMS
6.52%
PLAINS GP HOLDINGS
5.94%
TC ENERGY CORP
5.86%
US50012A1088
5.02%
ONEOK
5.00%
CHENIERE ENERGY
4.83%
KINDER MORGAN
4.57%
PEMBINA PIPELINE
4.57%
ENBRIDGE
4.52%
ENTERPRISE PRODUCTS PARTNERS UNT
4.49%
ENERGY TRANSFER LP UNITS
4.47%
KEYERA
4.40%
MPLX COMMON UNITS
3.96%
GENESIS ENERGY UNT
3.58%
USAI
ENTERPRISE PRODUCTS PARTNERS UNT
7.59%
ENERGY TRANSFER LP UNITS
7.56%
WILLIAMS
7.36%
ENBRIDGE
7.33%
TC ENERGY CORP
7.04%
CHENIERE ENERGY
6.84%
TARGA RESOURCS
4.46%
ONEOK
4.33%
KINDER MORGAN
4.07%
EQT
3.88%
PEMBINA PIPELINE
3.56%
US92333F1012
3.31%
MPLX COMMON UNITS
3.17%
NEXTDECADE CORPORATION
2.92%
COTERRA ENERGY
2.71%
Frequently asked questions about PIPE and USAI

How have the PIPE and USAI ETFs performed in 2026?

As of June 15, 2026, PIPE is up 25.46% year-to-date (YTD), while USAI has returned 20.49%. That puts PIPE better performer ahead so far this year.

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

Year-to-date, the PIPE ETF saw +$1M in flows, compared to +$15M for USAI.

Which ETF is more volatile: PIPE or USAI?

Over the past year, PIPE had a volatility of 14.55%, while USAI experienced 16.15%.

Which ETF is bigger: PIPE or USAI?

As of June 15, 2026, PIPE holds $63.74 M in assets under management (AUM), while USAI manages $110.66 M.

What sectors do the PIPE and USAI ETFs invest in?

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

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

PIPE top holdings include TARGA RESOURCS, WILLIAMS and PLAINS GP HOLDINGS. USAI holds in its top three: ENTERPRISE PRODUCTS PARTNERS UNT, ENERGY TRANSFER LP UNITS and WILLIAMS.

Which ETF is more diversified: PIPE or USAI?

PIPE holds 25 securities with 75.28% of its assets in the top 15. USAI has 33 securities and a top 15 weight of 76.13%.

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