IFRA vs PIPE

AIFRA

BPIPE

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$34,950SMH · CIBR $17,242

Lowest cost0.30%IFRA · $30 on $10k

Most income4.18%PIPE · $418 on $10k

Smallest drop−10.7%PIPE · worst fall in 1Y

Held in common8.2%IFRA and PIPE

IFRA

PIPE

iShares U.S. Infrastructure ETF · $3.9BInvesco SteelPath MLP & Energy Infrastructure ETF · $62M

+18.5%3 years · per year$16,660 · […][…]

+11.2%5 years · per year$17,009 · […][…]

0.30%Expense ratio$30 · $75 on $10k · lower wins0.75%

1.82%12-mo yield$182 · $418 on $10k4.18%

−13.7%Worst dropSmaller wins−10.7%

15.5%VolatilityLower wins17.3%

2–2Level

$10,000 · 5 yearsAll four, one scale

Shared top holdingsIFRA · PIPE

2.3%WMB6.0%

1.9%TRP6.1%

1.8%KMI4.6%

1.6%OKE5.0%

Held in common8.2%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.24%	+3.6%	+28.8%	+29.5%	+48.9%	+28.4%	−33.1%	$57.7B
2	CIBR	First Trust Nasdaq Cybersecurity ETFRead Desk	0.58%	0.43%	0.0%	+27.7%	+21.1%	+27.4%	+11.5%	−20.6%	$16.9B
3	AIFRA	iShares U.S. Infrastructure ETFRead Desk	0.30%	1.82%	−0.1%	+7.6%	+8.5%	+18.5%	+11.2%	−13.7%	$3.9B
4	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$62M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.24%	+3.6%	+28.8%	+29.5%	+48.9%	+28.4%	−33.1%	$57.7B
2	CIBR	First Trust Nasdaq Cybersecurity ETFRead Desk	0.58%	0.43%	0.0%	+27.7%	+21.1%	+27.4%	+11.5%	−20.6%	$16.9B
3	AIFRA	iShares U.S. Infrastructure ETFRead Desk	0.30%	1.82%	−0.1%	+7.6%	+8.5%	+18.5%	+11.2%	−13.7%	$3.9B
4	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$62M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

IFRA vs PIPE

IFRA

iShares U.S. Infrastructure

$17,009

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

MeasureIFRAPIPE

Fee0.30%0.75%

Cost on $10k a year$30$75

Yield1.82%4.18%

5 years, per year+11.2%[…]

3 years, per year+18.5%[…]

Worst drop · 1Y−13.7%−10.7%

Volatility · 1Y15.5%17.3%

2–2measures won
level

8.2%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

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

Overlap: IFRA, PIPE, CIBR, SMH

Today

8.2%most shared, IFRA and PIPE

IFRAPIPECIBRSMH

IFRA—8.2%0.0%0.0%

PIPE8.2%—0.0%0.0%

CIBR0.0%0.0%—5.9%

SMH0.0%0.0%5.9%—

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

Income After Fees on $10,000

$343most kept, PIPE

PIPE$418 − $75 = $343

IFRA$182 − $30 = $152

SMH$24 − $35 = −$11

CIBR$43 − $58 = −$15

KeptFee

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