PIPE vs SMH

APIPE

BSMH

Measures won3–1PIPE wins · of 6 · 5Y

$10,000 · 5Y$36,298SMH · VTI $16,697

Lowest cost0.03%VTI · $3 on $10k

Most income4.11%PIPE · $411 on $10k

Smallest drop−8.9%VTI · worst fall in 1Y

Held in common0.0%PIPE and SMH

PIPE

SMH

Invesco SteelPath MLP & Energy Infrastructure ETF · $60MVanEck Semiconductor ETF · $60.7B

[…]3 years · per year[…] · $33,815+50.1%

[…]5 years · per year[…] · $36,298+29.4%

0.75%Expense ratio$75 · $35 on $10k · lower wins0.35%

4.11%12-mo yield$411 · $23 on $10k0.23%

−10.7%Worst dropSmaller wins−33.1%

17.4%VolatilityLower wins43.1%

3–1PIPE wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPIPE · SMH

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

Held in common0.0%

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	BSMH	VanEck Semiconductor ETFRead Desk	0.35%	0.23%	+5.1%	+35.3%	+39.3%	+50.1%	+29.4%	−33.1%	$60.7B
2	VTI	Vanguard Morningstar Total Stock Market ETFRead Desk	0.03%	1.06%	+2.5%	+11.6%	+13.9%	+21.8%	+10.8%	−8.9%	$689.2B
3	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.11%	+1.9%	+21.3%	+27.0%	new	new	−10.7%	$60M
4	DRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	+6.3%	new	new	new	new	[…]	$14.7B

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	BSMH	VanEck Semiconductor ETFRead Desk	0.35%	0.23%	+5.1%	+35.3%	+39.3%	+50.1%	+29.4%	−33.1%	$60.7B
2	VTI	Vanguard Morningstar Total Stock Market ETFRead Desk	0.03%	1.06%	+2.5%	+11.6%	+13.9%	+21.8%	+10.8%	−8.9%	$689.2B
3	APIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.11%	+1.9%	+21.3%	+27.0%	new	new	−10.7%	$60M
4	DRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	+6.3%	new	new	new	new	[…]	$14.7B

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 SMH

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

SMH

VanEck Semiconductor

$36,298

MeasurePIPESMH

Fee0.75%0.35%

Cost on $10k a year$75$35

Yield4.11%0.23%

5 years, per year[…]+29.4%

3 years, per year[…]+50.1%

Worst drop · 1Y−10.7%−33.1%

Volatility · 1Y17.4%43.1%

3–1measures won
PIPE first

0.0%

holdings shared

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

VTI vs ITOT

YTD

VanguardVTI

+11.6%

ITOTiShares

+11.5%

+11.6%Year to date+11.5%

1.1%Yield1.0%

$689BAssets$95.6B

2–0VTI wins

End-of-day Nov 9, 2026

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

Overlap: PIPE, SMH, VTI, DRAM

Today

16.4%most shared, SMH and VTI

PIPESMHVTIDRAM

PIPE—0.0%0.5%0.0%

SMH0.0%—16.4%3.1%

VTI0.5%16.4%—2.5%

DRAM0.0%3.1%2.5%—

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

Income After Fees on $10,000

$336most kept, PIPE

PIPE$411 − $75 = $336

VTI$106 − $3 = $103

SMH$23 − $35 = −$12

DRAM$0 − $65 = −$65

KeptFee

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