Compare · 4 funds side by side · dividends reinvested

PIPE, PAVE, DRAM and SMH

PIPEInvesco×PAVEGlobal X×DRAMRoundhill×SMHVanEck×

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Story of the four · Growth5Y$10,000 five years agoDividends reinvested · all four on one scale$36,977SMH · best of the four

Story of the four · IncomeMost incomePIPE · 4.02% · $402 a year on $10k

Story of the four · RiskSmallest drop

PIPE, PAVE, DRAM and SMH, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

VanEck Semiconductor ETFThematic · AI & semis0.35%0.22%+40.8%+41.7%+50.8%+29.9%−33.1%43.2%$63.5B1.8

Invesco SteelPath MLP & Energy Infrastructure ETFThematic · Infrastructure0.75%4.02%+24.0%+27.6%[…][…]−10.7%17.4%$61M1.8

Global X - U.S. Infrastructure Development ETFThematic · Infrastructure0.47%0.80%+13.1%+13.0%+22.5%+14.8%−15.3%21.9%$13.5B2.3

Roundhill Memory ETFThematic · AI & semis0.65%0.00%[…][…][…][…][…][…]$15.9B3.5

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

End-of-day Nov 11, 2026 · returns include dividends · since: PIPE 2025 · PAVE 2017 · DRAM 2026 · SMH 2011

Head to Head

Swap sides Versus in desk

Head to Head

5Y

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

PIPE

More Ways to See the Pairs

PIPE vs SMH: Top 5 Holdings

Today

PIPE

32.9%in top 5

SMH

in top 546.3%

PIPEStockSMH

not top 5NVDA18.0%

not top 5TSM10.1%

8.8%TRGPnot top 5

6.5%PAGPnot top 5

not top 5AVGO6.2%

Cost, Income and Risk

Fees: PIPE, PAVE, DRAM, SMH

Today

0.35%lowest, SMH

FundExpense ratioFee$10k

SMH0.35%$35

PAVE0.47%$47

DRAM0.65%$65

PIPE0.75%$75

End-of-day Nov 11, 2026 · fee on $10,000 a year

Popular Pairs Near These Four

SOXX vs SMH

YTD

iSharesSOXX

+55.1%

SMHVanEck

+40.8%

+55.1%Year to date+40.8%

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

$41.4BAssets$63.5B

2–0SOXX wins

End-of-day Nov 11, 2026

SCHD vs VIG

YTD

SchwabSCHD

+34.6%

VIGVanguard

+16.0%

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.1%

JEPIJ.P. Morgan

+8.6%

SMH

VanEck Semiconductor ETF · $63.5B$36,977

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

PIPEMeasureSMH

+24.0%Year to dateJan 1 → Nov 11+40.8%

+27.6%1 yearTotal return+41.7%

[…]3 years · per year$10,000 became […] · $34,270+50.8%

[…]5 years · per year$10,000 became […] · $36,977+29.9%

0.75%Expense ratio$75 · $35 a year on $10k · lower is better0.35%

4.02%Trailing 12-mo yield$402 · $22 a year on $10k0.22%

−10.7%Worst dropSmaller is better−33.1%

17.4%VolatilityLower is calmer43.2%

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

3–3Level

End-of-day Nov 11, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

not top 5TXN6.1%

6.1%WMBnot top 5

6.0%TRPnot top 5

not top 5AMD5.9%

5.5%LNGnot top 5

Held in common0.0%

End-of-day Nov 11, 2026 · share of each fund

PIPE vs SMH Returns, Every Period

1Y

InvescoPIPE

+27.6%

past year

SMHVanEck

+41.7%

past year

PIPESMHFaded: behind in that period

0–2SMH wins

End-of-day Nov 11, 2026 · dividends in · faded = behind in that period

PIPE vs PAVE

YTD

InvescoPIPE

+24.0%

PAVEGlobal X

+13.1%

+24.0%Year to date+13.1%

−10.7%Worst drop · 1Y−15.3%

17.4%Volatility · 1Y21.9%

4.0%Yield0.8%

$61.2MAssets$13.5B

4–0PIPE wins

End-of-day Nov 11, 2026 · smaller drop and lower volatility win

Yields: PIPE, PAVE, DRAM, SMH

1Y

4.02%highest, PIPE

FundTrailing yieldYield$10k

PIPE4.02%$402

PAVE0.80%$80

SMH0.22%$22

DRAM0.00%$0

End-of-day Nov 11, 2026 · trailing 12-month yield

Income After Fees on $10,000

1Y

$327most kept, PIPE

PIPE$402 − $75 = $327

PAVE$80 − $47 = $33

SMH$22 − $35 = −$13

DRAM$0 − $65 = −$65

KeptFee

End-of-day Nov 11, 2026 · yield in dollars minus the fee

Overlap: PIPE, PAVE, DRAM, SMH

Today

2.8%most shared, DRAM and SMH

PIPEPAVEDRAMSMH

PIPE—0.0%0.0%0.0%

PAVE0.0%—0.0%0.0%

DRAM0.0%0.0%—2.8%

SMH0.0%0.0%2.8%—

End-of-day Nov 11, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 4 ETFs

1Y

+41.7%SMH, at 43.2% volatility

PIPEWorst drop−10.7%17.4% vol

PAVEWorst drop−15.3%21.9% vol

SMHWorst drop−33.1%43.2% vol

DRAMWorst drop[…][…]

End-of-day Nov 11, 2026 · up and left is better

Paid More vs Made More

YTD

PIPESMH

+24.0%Year to date+40.8%

4.0%Yield0.2%

+27.6%Past year+41.7%

0.75%Fee0.35%

3–1SMH wins

End-of-day Nov 11, 2026

+34.6%Year to date+16.0%

2.9%Yield1.4%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 11, 2026

+8.1%Year to date+8.6%

12.2%Yield7.8%

$42.0BAssets$46.6B

1–1level

End-of-day Nov 11, 2026

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PIPE, PAVE, DRAM and SMH

Head to Head

More Ways to See the Pairs

Cost, Income and Risk

Popular Pairs Near These Four