EMLP vs PIPE

AEMLP

BPIPE

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$26,093SOXX · EMLP $20,216

Lowest cost0.33%SOXX · $33 on $10k

Most income4.17%PIPE · $417 on $10k

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

Held in common28.1%EMLP and PIPE

EMLP

PIPE

First Trust North American Energy Infrastructure Fund · $4.2BInvesco SteelPath MLP & Energy Infrastructure ETF · $65M

+21.7%3 years · per year$18,039 · […][…]

+15.1%5 years · per year$20,216 · […][…]

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

2.85%12-mo yield$285 · $417 on $10k4.17%

−7.9%Worst dropSmaller wins−10.3%

11.2%VolatilityLower wins17.3%

2–2Level

$10,000 · 5 yearsAll three, one scale

Shared top holdingsEMLP · PIPE

7.1%ET4.5%

8.8%EPD4.3%

4.1%MPLX4.0%

3.7%KMI4.6%

Held in common28.1%

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

All Three

5Y3 funds

#
1	SOXX	iShares Semiconductor ETFRead Desk	0.33%	0.95%	−12.1%	+31.6%	+34.0%	+39.8%	+21.1%	−39.5%	$42.6B
2	AEMLP	First Trust North American Energy Infrastructure FundRead Desk	0.95%	2.85%	−1.5%	+16.1%	+18.6%	+21.7%	+15.1%	−7.9%	$4.2B
3	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.17%	−3.4%	+19.5%	+27.1%	new	new	−10.3%	$65M

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

All Three

5Y3 funds

#
1	SOXX	iShares Semiconductor ETFRead Desk	0.33%	0.95%	−12.1%	+31.6%	+34.0%	+39.8%	+21.1%	−39.5%	$42.6B
2	AEMLP	First Trust North American Energy Infrastructure FundRead Desk	0.95%	2.85%	−1.5%	+16.1%	+18.6%	+21.7%	+15.1%	−7.9%	$4.2B
3	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.17%	−3.4%	+19.5%	+27.1%	new	new	−10.3%	$65M

End-of-day Nov 5, 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

$20,216

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

MeasureEMLPPIPE

Fee0.95%0.75%

Cost on $10k a year$95$75

Yield2.85%4.17%

5 years, per year+15.1%[…]

3 years, per year+21.7%[…]

Worst drop · 1Y−7.9%−10.3%

Volatility · 1Y11.2%17.3%

2–2measures won
level

28.1%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SOXX vs SMH

YTD

iSharesSOXX

+31.6%

SMHVanEck

+24.3%

+31.6%Year to date+24.3%

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

$42.6BAssets$65.4B

2–0SOXX wins

End-of-day Nov 5, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+5.2%

+8.5%Year to date+5.2%

12.2%Yield8.1%

$42.1BAssets$46.1B

2–0JEPQ wins

End-of-day Nov 5, 2026

Overlap: EMLP, PIPE, SOXX

Today

28.1%most shared, EMLP and PIPE

EMLPPIPESOXX

EMLP—28.1%0.0%

PIPE28.1%—0.0%

SOXX0.0%0.0%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$342most kept, PIPE

PIPE$417 − $75 = $342

EMLP$285 − $95 = $190

SOXX$95 − $33 = $62

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee