PIPE vs EMLP

APIPE

BEMLP

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$20,336EMLP · CIBR $17,242

Lowest cost0.38%IGV · $38 on $10k

Most income4.18%PIPE · $418 on $10k

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

Held in common28.1%PIPE and EMLP

PIPE

EMLP

Invesco SteelPath MLP & Energy Infrastructure ETF · $60MFirst Trust North American Energy Infrastructure Fund · $4.1B

[…]3 years · per year[…] · $17,913+21.4%

[…]5 years · per year[…] · $20,336+15.3%

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

4.18%12-mo yield$418 · $285 on $10k2.85%

−10.7%Worst dropSmaller wins−7.9%

17.3%VolatilityLower wins11.2%

2–2Level

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPIPE · EMLP

4.6%ET7.1%

4.4%EPD8.9%

4.2%MPLX4.4%

6.9%PAGP3.6%

Held in common28.1%

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	BEMLP	First Trust North American Energy Infrastructure FundRead Desk	0.95%	2.85%	−0.1%	+16.1%	+17.7%	+21.4%	+15.3%	−7.9%	$4.1B
2	CIBR	First Trust Nasdaq Cybersecurity ETFRead Desk	0.58%	0.43%	0.0%	+27.7%	+21.1%	+27.4%	+11.5%	−20.6%	$15.8B
3	IGV	iShares Expanded Tech-Software Sector ETFRead Desk	0.38%	0.02%	−0.1%	−6.4%	−11.5%	+13.3%	+2.4%	−33.2%	$12.4B
4	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$60M

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	BEMLP	First Trust North American Energy Infrastructure FundRead Desk	0.95%	2.85%	−0.1%	+16.1%	+17.7%	+21.4%	+15.3%	−7.9%	$4.1B
2	CIBR	First Trust Nasdaq Cybersecurity ETFRead Desk	0.58%	0.43%	0.0%	+27.7%	+21.1%	+27.4%	+11.5%	−20.6%	$15.8B
3	IGV	iShares Expanded Tech-Software Sector ETFRead Desk	0.38%	0.02%	−0.1%	−6.4%	−11.5%	+13.3%	+2.4%	−33.2%	$12.4B
4	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$60M

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

PIPE vs EMLP

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

EMLP

First Trust North American Energy Infrastructure Fund

$20,336

MeasurePIPEEMLP

Fee0.75%0.95%

Cost on $10k a year$75$95

Yield4.18%2.85%

5 years, per year[…]+15.3%

3 years, per year[…]+21.4%

Worst drop · 1Y−10.7%−7.9%

Volatility · 1Y17.3%11.2%

2–2measures won
level

28.1%

holdings shared

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

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%

$40.7BAssets$45.2B

1–1level

End-of-day Nov 6, 2026

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$178BAssets$778B

2–0SPYM wins

End-of-day Nov 6, 2026

Overlap: PIPE, EMLP, IGV, CIBR

Today

28.1%most shared, PIPE and EMLP

PIPEEMLPIGVCIBR

PIPE—28.1%0.0%0.0%

EMLP28.1%—0.0%0.0%

IGV0.0%0.0%—25.9%

CIBR0.0%0.0%25.9%—

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

EMLP$285 − $95 = $190

CIBR$43 − $58 = −$15

IGV$2 − $38 = −$36

KeptFee

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