PIPE vs MLPX

APIPE

BMLPX

Measures won1–3MLPX wins · of 6 · 5Y

$10,000 · 5Y$36,298SMH · MLPX $23,234

Lowest cost0.35%SMH · $35 on $10k

Most income4.42%MLPX · $442 on $10k

Smallest drop−10.0%MLPX · worst fall in 1Y

Held in common72.4%PIPE and MLPX

PIPE

MLPX

Invesco SteelPath MLP & Energy Infrastructure ETF · $60MGlobal X - MLP & Energy Infrastructure ETF · $3.4B

[…]3 years · per year[…] · $18,287+22.3%

[…]5 years · per year[…] · $23,234+18.4%

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

4.11%12-mo yield$411 · $442 on $10k4.42%

−10.7%Worst dropSmaller wins−10.0%

17.4%VolatilityLower wins18.0%

1–3MLPX wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPIPE · MLPX

8.5%TRGP7.8%

6.0%TRP9.8%

6.0%WMB8.7%

5.3%LNG5.0%

Held in common72.4%

End-of-day Nov 9, 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%	0.23%	+5.1%	+35.3%	+39.3%	+50.1%	+29.4%	−33.1%	$60.7B
2	BMLPX	Global X - MLP & Energy Infrastructure ETFRead Desk	0.45%	4.42%	+1.2%	+19.3%	+24.6%	+22.3%	+18.4%	−10.0%	$3.4B
3	IGV	iShares Expanded Tech-Software Sector ETFRead Desk	0.38%	0.02%	+2.6%	−4.0%	−7.2%	+13.6%	+3.0%	−33.2%	$12.8B
4	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.11%	+1.9%	+21.3%	+27.0%	new	new	−10.7%	$60M

End-of-day Nov 9, 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%	0.23%	+5.1%	+35.3%	+39.3%	+50.1%	+29.4%	−33.1%	$60.7B
2	BMLPX	Global X - MLP & Energy Infrastructure ETFRead Desk	0.45%	4.42%	+1.2%	+19.3%	+24.6%	+22.3%	+18.4%	−10.0%	$3.4B
3	IGV	iShares Expanded Tech-Software Sector ETFRead Desk	0.38%	0.02%	+2.6%	−4.0%	−7.2%	+13.6%	+3.0%	−33.2%	$12.8B
4	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.11%	+1.9%	+21.3%	+27.0%	new	new	−10.7%	$60M

End-of-day Nov 9, 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

$23,234

MeasurePIPEMLPX

Fee0.75%0.45%

Cost on $10k a year$75$45

Yield4.11%4.42%

5 years, per year[…]+18.4%

3 years, per year[…]+22.3%

Worst drop · 1Y−10.7%−10.0%

Volatility · 1Y17.4%18.0%

3–1measures won
MLPX first

72.4%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

SOXX vs SMH

YTD

iSharesSOXX

+46.5%

SMHVanEck

+35.3%

+46.5%Year to date+35.3%

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

$37.5BAssets$60.7B

2–0SOXX wins

End-of-day Nov 9, 2026

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$122BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+6.6%

JEPIJ.P. Morgan

+7.5%

+6.6%Year to date+7.5%

12.4%Yield7.9%

$40.7BAssets$45.2B

1–1level

End-of-day Nov 9, 2026

Overlap: PIPE, MLPX, SMH, IGV

Today

72.4%most shared, PIPE and MLPX

PIPEMLPXSMHIGV

PIPE—72.4%0.0%0.0%

MLPX72.4%—0.0%0.0%

SMH0.0%0.0%—4.8%

IGV0.0%0.0%4.8%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$397most kept, MLPX

MLPX$442 − $45 = $397

PIPE$411 − $75 = $336

SMH$23 − $35 = −$12

IGV$2 − $38 = −$36

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee