Compare · 4 funds side by side · dividends reinvested

EMLP, PIPE, PAVE and DRAM

EMLPFirst Trust×PIPEInvesco×PAVEGlobal X×DRAMRoundhill×

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Story of the four · Growth5Y$10,000 five years agoDividends reinvested · all four on one scale$20,465EMLP · best of the four

Story of the four · IncomeMost incomePIPE · 4.07% · $407 a year on $10k

Story of the four · RiskSmallest drop

EMLP, PIPE, PAVE and DRAM, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Invesco SteelPath MLP & Energy Infrastructure ETFThematic · Infrastructure0.75%4.07%+22.4%+27.0%[…][…]−10.7%17.4%$61M1.7

First Trust North American Energy Infrastructure FundThematic · Infrastructure0.95%2.81%+17.6%+17.7%+20.8%+15.4%−7.9%11.2%$4.2B1.9

Global X - U.S. Infrastructure Development ETFThematic · Infrastructure0.47%0.81%+11.7%+12.5%+21.8%+14.5%−15.3%21.9%$13.5B2.4

Roundhill Memory ETFThematic · AI & semis0.65%0.00%[…][…][…][…][…][…]$15.9B3.0

Rank among the four1st → 4thFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 10, 2026 · returns include dividends · since: EMLP 2012 · PIPE 2025 · PAVE 2017 · DRAM 2026

Head to Head

Swap sides Versus in desk

Head to Head

5Y

First Trust North American Energy Infrastructure Fund · $4.2B$20,465

More Ways to See the Pairs

EMLP vs PIPE: Top 5 Holdings

Today

EMLP

27.8%in top 5

PIPE

in top 532.7%

EMLPStockPIPE

8.9%EPDnot top 5

not top 5TRGP8.7%

7.3%ETnot top 5

3.5%PAGP6.5%

not top 5WMB

Cost, Income and Risk

Fees: EMLP, PIPE, PAVE, DRAM

Today

0.47%lowest, PAVE

FundExpense ratioFee$10k

PAVE0.47%$47

DRAM0.65%$65

PIPE0.75%$75

EMLP0.95%$95

End-of-day Nov 10, 2026 · fee on $10,000 a year

Popular Pairs Near These Four

SCHD vs VIG

YTD

SchwabSCHD

+33.8%

VIGVanguard

+15.1%

+33.8%Year to date+15.1%

2.9%Yield1.5%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 10, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+6.0%

JEPIJ.P. Morgan

+7.6%

SPYM vs SPY

YTD

SPDRSPYM

+10.9%

SPYSPDR

+10.8%

EMLP

PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF · $61M[…]

$10,000 five years ago, dividends reinvested · they hold 27.9% in common

EMLPMeasurePIPE

+17.6%Year to dateJan 1 → Nov 10+22.4%

+17.7%1 yearTotal return+27.0%

+20.8%3 years · per year$10,000 became $17,619 · […][…]

+15.4%5 years · per year$10,000 became $20,465 · […][…]

0.95%Expense ratio$95 · $75 a year on $10k · lower is better0.75%

2.81%Trailing 12-mo yield$281 · $407 a year on $10k4.07%

−7.9%Worst dropSmaller is better−10.7%

11.2%VolatilityLower is calmer17.4%

EMLPPIPE Winner of the row, in its colourEach row: the bigger of the two fills its side

2–4PIPE wins

End-of-day Nov 10, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

6.1%

not top 5TRP6.0%

not top 5LNG5.4%

4.5%MPLXnot top 5

3.6%KMInot top 5

Held in common27.9%

End-of-day Nov 10, 2026 · share of each fund

EMLP vs PIPE Returns, Every Period

1Y

First TrustEMLP

+17.7%

past year

PIPEInvesco

+27.0%

past year

EMLPPIPEFaded: behind in that period

0–2PIPE wins

End-of-day Nov 10, 2026 · dividends in · faded = behind in that period

EMLP vs PIPE

YTD

First TrustEMLP

+17.6%

PIPEInvesco

+22.4%

+17.6%Year to date+22.4%

−7.9%Worst drop · 1Y−10.7%

11.2%Volatility · 1Y17.4%

2.8%Yield4.1%

$4.2BAssets$61.2M

2–2level

End-of-day Nov 10, 2026 · smaller drop and lower volatility win

Yields: EMLP, PIPE, PAVE, DRAM

1Y

4.07%highest, PIPE

FundTrailing yieldYield$10k

PIPE4.07%$407

EMLP2.81%$281

PAVE0.81%$81

DRAM0.00%$0

End-of-day Nov 10, 2026 · trailing 12-month yield

Income After Fees on $10,000

1Y

$332most kept, PIPE

PIPE$407 − $75 = $332

EMLP$281 − $95 = $186

PAVE$81 − $47 = $34

DRAM$0 − $65 = −$65

KeptFee

End-of-day Nov 10, 2026 · yield in dollars minus the fee

Overlap: EMLP, PIPE, PAVE, DRAM

Today

27.9%most shared, EMLP and PIPE

EMLPPIPEPAVEDRAM

EMLP—27.9%4.4%0.0%

PIPE27.9%—0.0%0.0%

PAVE4.4%0.0%—0.0%

DRAM0.0%0.0%0.0%—

End-of-day Nov 10, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 4 ETFs

1Y

+27.0%PIPE, at 17.4% volatility

EMLPWorst drop−7.9%11.2% vol

PIPEWorst drop−10.7%17.4% vol

PAVEWorst drop−15.3%21.9% vol

DRAMWorst drop[…][…]

End-of-day Nov 10, 2026 · up and left is better

Paid More vs Made More

YTD

PIPEEMLP

+22.4%Year to date+17.6%

4.1%Yield2.8%

+27.0%Past year+17.7%

0.75%Fee0.95%

4–0PIPE wins

End-of-day Nov 10, 2026

+6.0%Year to date+7.6%

12.4%Yield7.9%

$42.0BAssets$46.6B

1–1level

End-of-day Nov 10, 2026

+10.9%Year to date+10.8%

1.0%Yield1.0%

$183BAssets$792B

1–0SPYM wins

End-of-day Nov 10, 2026

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EMLP, PIPE, PAVE and DRAM

Head to Head

More Ways to See the Pairs

Cost, Income and Risk

Popular Pairs Near These Four