PIPE vs MLPX

APIPE

BMLPX

Measures won1–3MLPX wins · of 6 · 5Y

$10,000 · 5Y$33,824SMH · MLPX $23,175

Lowest cost0.35%SMH · $35 on $10k

Most income4.40%MLPX · $440 on $10k

Smallest drop−9.2%MLPX · worst fall in 1Y

Held in common72.1%PIPE and MLPX

PIPE

MLPX

Invesco SteelPath MLP & Energy Infrastructure ETF · $65MGlobal X - MLP & Energy Infrastructure ETF · $3.7B

[…]3 years · per year[…] · $19,026+23.9%

[…]5 years · per year[…] · $23,175+18.3%

0.75%Expense ratio$75 · $45 on $10k · lower wins0.45%

4.17%12-mo yield$417 · $440 on $10k4.40%

−10.3%Worst dropSmaller wins−9.2%

17.3%VolatilityLower wins17.9%

1–3MLPX wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPIPE · MLPX

8.8%TRGP8.1%

6.1%WMB8.8%

5.9%TRP9.5%

5.4%LNG5.0%

Held in common72.1%

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 Four

5Y4 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.25%	−11.2%	+24.3%	+27.3%	+48.4%	+27.6%	−33.1%	$65.4B
2	BMLPX	Global X - MLP & Energy Infrastructure ETFRead Desk	0.45%	4.40%	−2.5%	+18.9%	+26.2%	+23.9%	+18.3%	−9.2%	$3.7B
3	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.17%	−3.4%	+19.5%	+27.1%	new	new	−10.3%	$65M
4	DRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	−18.0%	new	new	new	new	[…]	$17.6B

End-of-day Nov 5, 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%	0.25%	−11.2%	+24.3%	+27.3%	+48.4%	+27.6%	−33.1%	$65.4B
2	BMLPX	Global X - MLP & Energy Infrastructure ETFRead Desk	0.45%	4.40%	−2.5%	+18.9%	+26.2%	+23.9%	+18.3%	−9.2%	$3.7B
3	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.17%	−3.4%	+19.5%	+27.1%	new	new	−10.3%	$65M
4	DRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	−18.0%	new	new	new	new	[…]	$17.6B

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

PIPE vs MLPX

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

MLPX

Global X - MLP & Energy Infrastructure

$23,175

MeasurePIPEMLPX

Fee0.75%0.45%

Cost on $10k a year$75$45

Yield4.17%4.40%

5 years, per year[…]+18.3%

3 years, per year[…]+23.9%

Worst drop · 1Y−10.3%−9.2%

Volatility · 1Y17.3%17.9%

3–1measures won
MLPX first

72.1%

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: PIPE, MLPX, DRAM, SMH

Today

72.1%most shared, PIPE and MLPX

PIPEMLPXDRAMSMH

PIPE—72.1%0.0%0.0%

MLPX72.1%—0.0%0.0%

DRAM0.0%0.0%—3.2%

SMH0.0%0.0%3.2%—

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

Income After Fees on $10,000

$395most kept, MLPX

MLPX$440 − $45 = $395

PIPE$417 − $75 = $342

SMH$25 − $35 = −$10

DRAM$0 − $65 = −$65

KeptFee

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