EMLP vs PIPE

AEMLP

BPIPE

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$20,628EMLP

Lowest cost0.75%PIPE · $75 on $10k

Most income4.03%PIPE · $403 on $10k

Smallest drop−7.9%EMLP · worst fall in 1Y

Held in common28.4%EMLP and PIPE

EMLP

PIPE

First Trust North American Energy Infrastructure Fund · $4.3BInvesco SteelPath MLP & Energy Infrastructure ETF · $65M

+22.6%3 years · per year$18,412 · […][…]

+15.6%5 years · per year$20,628 · […][…]

0.95%Expense ratio$95 · $75 on $10k · lower wins0.75%

2.80%12-mo yield$280 · $403 on $10k4.03%

−7.9%Worst dropSmaller wins−9.1%

11.1%VolatilityLower wins17.0%

2–2Level

$10,000 · 5 yearsOne scale

Shared top holdingsEMLP · PIPE

7.3%ET4.5%

8.9%EPD4.2%

4.2%MPLX4.0%

3.8%KMI4.6%

Held in common28.4%

End-of-day Nov 4, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

Both

5Y2 funds

#			Trend
1	AEMLP	First Trust North American Energy Infrastructure FundRead Desk		0.95%	2.80%	−1.1%	+17.9%	+19.8%	+22.6%	+15.6%	−7.9%	$4.3B
2	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk		0.75%	4.03%	−4.0%	+23.7%	+29.9%	new	new	−9.1%	$65M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Both

5Y2 funds

#			Trend
1	AEMLP	First Trust North American Energy Infrastructure FundRead Desk		0.95%	2.80%	−1.1%	+17.9%	+19.8%	+22.6%	+15.6%	−7.9%	$4.3B
2	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk		0.75%	4.03%	−4.0%	+23.7%	+29.9%	new	new	−9.1%	$65M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

EMLP vs PIPE

EMLP

First Trust North American Energy Infrastructure Fund

$20,628

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

MeasureEMLPPIPE

Fee0.95%0.75%

Cost on $10k a year$95$75

Yield2.80%4.03%

5 years, per year+15.6%[…]

3 years, per year+22.6%[…]

Worst drop · 1Y−7.9%−9.1%

Volatility · 1Y11.1%17.0%

2–2measures won
level

28.4%

holdings shared

Nov 4, 2026 · $10,000 five years ago, dividends reinvested

SCHD vs VIG

YTD

SchwabSCHD

+35.3%

VIGVanguard

+16.4%

+35.3%Year to date+16.4%

2.9%Yield1.4%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 4, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+8.8%

+8.5%Year to date+8.8%

12.2%Yield7.8%

$41.8BAssets$46.0B

1–1level

End-of-day Nov 4, 2026

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$185BAssets$798B

1–0SPYM wins

End-of-day Nov 4, 2026

Overlap: EMLP, PIPE

Today

28.4%most shared, EMLP and PIPE

EMLPPIPE

EMLP—28.4%

PIPE28.4%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$328most kept, PIPE

PIPE$403 − $75 = $328

EMLP$280 − $95 = $185

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee