PIPE vs MLPX

APIPE

BMLPX

Measures won1–2MLPX wins · of 6 · 5Y

$10,000 · 5Y$38,820SMH · MLPX $23,782

Lowest cost0.35%SMH · $35 on $10k

Most income4.29%MLPX · $429 on $10k

Smallest drop−9.1%PIPE · 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[…] · $19,592+25.1%

[…]5 years · per year[…] · $23,782+18.9%

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

4.03%12-mo yield$403 · $429 on $10k4.29%

−9.1%Worst dropSmaller wins−9.1%

17.0%VolatilityLower wins17.8%

1–2MLPX wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPIPE · MLPX

8.9%TRGP8.1%

6.3%WMB9.0%

5.7%TRP9.3%

5.5%LNG5.2%

Held in common72.1%

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

All Three

5Y3 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.22%	−2.7%	+40.0%	+38.2%	+54.7%	+31.2%	−24.6%	$65.8B
2	BMLPX	Global X - MLP & Energy Infrastructure ETFRead Desk	0.45%	4.29%	−4.0%	+22.0%	+27.8%	+25.1%	+18.9%	−9.1%	$3.7B
3	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

All Three

5Y3 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.22%	−2.7%	+40.0%	+38.2%	+54.7%	+31.2%	−24.6%	$65.8B
2	BMLPX	Global X - MLP & Energy Infrastructure ETFRead Desk	0.45%	4.29%	−4.0%	+22.0%	+27.8%	+25.1%	+18.9%	−9.1%	$3.7B
3	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 MLPX

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

MLPX

Global X - MLP & Energy Infrastructure

$23,782

MeasurePIPEMLPX

Fee0.75%0.45%

Cost on $10k a year$75$45

Yield4.03%4.29%

5 years, per year[…]+18.9%

3 years, per year[…]+25.1%

Worst drop · 1Y−9.1%−9.1%

Volatility · 1Y17.0%17.8%

2–1measures won
MLPX first

72.1%

holdings shared

Nov 4, 2026 · $10,000 five years ago, dividends reinvested

SOXX vs SMH

YTD

iSharesSOXX

+49.8%

SMHVanEck

+40.0%

+49.8%Year to date+40.0%

0.33% · $33Fee · on $10k a year0.35% · $35

$44.3BAssets$65.8B

2–0SOXX wins

End-of-day Nov 4, 2026

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

Overlap: PIPE, MLPX, SMH

Today

72.1%most shared, PIPE and MLPX

PIPEMLPXSMH

PIPE—72.1%0.0%

MLPX72.1%—0.0%

SMH0.0%0.0%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$384most kept, MLPX

MLPX$429 − $45 = $384

PIPE$403 − $75 = $328

SMH$22 − $35 = −$13

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee