PIPE vs ITA

APIPE

BITA

Measures won3–1PIPE wins · of 6 · 5Y

$10,000 · 5Y$34,950SMH · ITA $20,603

Lowest cost0.35%SMH · $35 on $10k

Most income4.18%PIPE · $418 on $10k

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

Held in common0.0%PIPE and ITA

PIPE

ITA

Invesco SteelPath MLP & Energy Infrastructure ETF · $62MiShares U.S. Aerospace & Defense ETF · $11.6B

[…]3 years · per year[…] · $19,113+24.1%

[…]5 years · per year[…] · $20,603+15.6%

0.75%Expense ratio$75 · $37 on $10k · lower wins0.37%

4.18%12-mo yield$418 · $58 on $10k0.58%

−10.7%Worst dropSmaller wins−20.0%

17.3%VolatilityLower wins23.7%

3–1PIPE wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPIPE · ITA

They share no top holdings, or holdings aren’t on file […]

Held in common0.0%

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	BITA	iShares U.S. Aerospace & Defense ETFRead Desk	0.37%	0.58%	+1.3%	−3.4%	−1.0%	+24.1%	+15.6%	−20.0%	$11.6B
3	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$62M
4	DRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	+6.2%	new	new	new	new	[…]	$14.4B

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	BITA	iShares U.S. Aerospace & Defense ETFRead Desk	0.37%	0.58%	+1.3%	−3.4%	−1.0%	+24.1%	+15.6%	−20.0%	$11.6B
3	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$62M
4	DRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	+6.2%	new	new	new	new	[…]	$14.4B

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 ITA

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

ITA

iShares U.S. Aerospace & Defense

$20,603

MeasurePIPEITA

Fee0.75%0.37%

Cost on $10k a year$75$37

Yield4.18%0.58%

5 years, per year[…]+15.6%

3 years, per year[…]+24.1%

Worst drop · 1Y−10.7%−20.0%

Volatility · 1Y17.3%23.7%

3–1measures won
PIPE first

0.0%

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: PIPE, ITA, DRAM, SMH

Today

3.1%most shared, DRAM and SMH

PIPEITADRAMSMH

PIPE—0.0%0.0%0.0%

ITA0.0%—0.0%0.0%

DRAM0.0%0.0%—3.1%

SMH0.0%0.0%3.1%—

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

ITA$58 − $37 = $21

SMH$24 − $35 = −$11

DRAM$0 − $65 = −$65

KeptFee

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