Compare · 4 funds side by side · dividends reinvested

IPAV, EMLP, SMH and PAVE

IPAVGlobal X×EMLPFirst Trust×SMHVanEck×PAVEGlobal X×

Story of the four · Growth5Y$10,000 five years agoDividends reinvested · all four on one scale$34,950SMH · best of the four

02 / 04

IPAV, EMLP, SMH and PAVE, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

First Trust North American Energy Infrastructure FundThematic · Infrastructure0.95%2.85%+16.1%+17.7%+21.4%+15.3%−7.9%11.2%$4.2B1.9

VanEck Semiconductor ETFThematic · AI & semis0.35%0.24%+28.8%+29.5%+48.9%+28.4%−33.1%42.9%$57.7B2.1

Global X - U.S. Infrastructure Development ETFThematic · Infrastructure0.47%0.84%+7.2%+7.7%+21.4%+13.9%−15.3%21.5%$14.0B2.8

Global X Infrastructure Development ex-U.S. ETFThematic · Infrastructure0.55%1.62%+0.4%+4.5%[…][…]−17.2%19.5%$6M3.0

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

End-of-day Nov 6, 2026 · returns include dividends · since: IPAV 2024 · EMLP 2012 · SMH 2011 · PAVE 2017

Head to Head

Swap sides Versus in desk

Head to Head

Global X Infrastructure Development ex-U.S. ETF · $6M[…]

IPAV

SMH

VanEck Semiconductor ETF · $57.7B$34,950

$10,000 five years ago, dividends reinvested · they hold 0.0% in common

IPAVMeasureSMH

+0.4%Year to dateJan 1 → Nov 6+28.8%

+4.5%1 yearTotal return+29.5%

[…]3 years · per year$10,000 became […] · $33,022+48.9%

[…]5 years · per year$10,000 became […] · $34,950+28.4%

0.55%Expense ratio$55 · $35 a year on $10k · lower is better0.35%

1.62%Trailing 12-mo yield$162 · $24 a year on $10k0.24%

−17.2%Worst dropSmaller is better−33.1%

19.5%VolatilityLower is calmer42.9%

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

3–3Level

End-of-day Nov 6, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

IPAV vs SMH: Top 5 Holdings

Today

IPAV

17.5%in top 5

SMH

in top 547.8%

IPAVStockSMH

not top 5NVDA21.0%

not top 5TSM9.8%

not top 5TXN6.2%

not top 5AVGO5.9%

not top 5ADI5.0%

3.7%CNR.TOnot top 5

3.7%CP.TOnot top 5

3.5%LT.NSnot top 5

3.3%HEI.DEnot top 5

3.3%HOLN.SWnot top 5

Held in common0.0%

End-of-day Nov 6, 2026 · share of each fund

IPAV vs SMH Returns, Every Period

Global XIPAV

+4.5%

past year

SMHVanEck

+29.5%

past year

IPAVSMHFaded: behind in that period

0–2SMH wins

End-of-day Nov 6, 2026 · dividends in · faded = behind in that period

IPAV vs EMLP

YTD

Global XIPAV

+0.4%

EMLPFirst Trust

+16.1%

+0.4%Year to date+16.1%

−17.2%Worst drop · 1Y−7.9%

19.5%Volatility · 1Y11.2%

1.6%Yield2.8%

$6.0MAssets$4.2B

4–0EMLP wins

End-of-day Nov 6, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: IPAV, EMLP, SMH, PAVE

Today

0.35%lowest, SMH

FundExpense ratioFee$10k

SMH0.35%$35

PAVE0.47%$47

IPAV0.55%$55

EMLP0.95%$95

End-of-day Nov 6, 2026 · fee on $10,000 a year

Yields: IPAV, EMLP, SMH, PAVE

2.85%highest, EMLP

FundTrailing yieldYield$10k

EMLP2.85%$285

IPAV1.62%$162

PAVE0.84%$84

SMH0.24%$24

End-of-day Nov 6, 2026 · trailing 12-month yield

Income After Fees on $10,000

$190most kept, EMLP

EMLP$285 − $95 = $190

IPAV$162 − $55 = $107

PAVE$84 − $47 = $37

SMH$24 − $35 = −$11

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee

Overlap: IPAV, EMLP, SMH, PAVE

Today

4.3%most shared, EMLP and PAVE

IPAVEMLPSMHPAVE

IPAV—0.0%0.0%0.0%

EMLP0.0%—0.0%4.3%

SMH0.0%0.0%—0.0%

PAVE0.0%4.3%0.0%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 4 ETFs

+29.5%SMH, at 42.9% volatility

EMLPWorst drop−7.9%11.2% vol

IPAVWorst drop−17.2%19.5% vol

PAVEWorst drop−15.3%21.5% vol

SMHWorst drop−33.1%42.9% vol

End-of-day Nov 6, 2026 · up and left is better

Paid More vs Made More

YTD

EMLPSMH

+16.1%Year to date+28.8%

2.8%Yield0.2%

+17.7%Past year+29.5%

0.95%Fee0.35%

3–1SMH wins

End-of-day Nov 6, 2026

Popular Pairs Near These Four

SOXX vs SMH

YTD

iSharesSOXX

+36.2%

SMHVanEck

+28.8%

+36.2%Year to date+28.8%

0.33% · $33Fee · on $10k a year0.35% · $35

$37.6BAssets$57.7B

2–0SOXX wins

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$42.6BAssets$46.8B

1–1level

End-of-day Nov 6, 2026