PIPE vs EMLP

APIPE

BEMLP

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%PIPE and EMLP

PIPE

EMLP

Invesco SteelPath MLP & Energy Infrastructure ETF · $65MFirst Trust North American Energy Infrastructure Fund · $4.3B

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

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

0.75%Expense ratio$75 · $95 on $10k · lower wins0.95%

4.03%12-mo yield$403 · $280 on $10k2.80%

−9.1%Worst dropSmaller wins−7.9%

17.0%VolatilityLower wins11.1%

2–2Level

$10,000 · 5 yearsOne scale

Shared top holdingsPIPE · EMLP

4.5%ET7.3%

4.2%EPD8.9%

4.0%MPLX4.2%

4.6%KMI3.8%

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	BEMLP	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	APIPE	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	BEMLP	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	APIPE	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

PIPE vs EMLP

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

EMLP

First Trust North American Energy Infrastructure Fund

$20,628

MeasurePIPEEMLP

Fee0.75%0.95%

Cost on $10k a year$75$95

Yield4.03%2.80%

5 years, per year[…]+15.6%

3 years, per year[…]+22.6%

Worst drop · 1Y−9.1%−7.9%

Volatility · 1Y17.0%11.1%

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: PIPE, EMLP

Today

28.4%most shared, PIPE and EMLP

PIPEEMLP

PIPE—28.4%

EMLP28.4%—

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