PIPE vs SPY

APIPE

BSPY

Measures won1–3SPY wins · of 6 · 5Y

$10,000 · 5Y$18,060SPY

Lowest cost0.09%SPY · $9 on $10k

Most income4.03%PIPE · $403 on $10k

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

Held in common0.4%PIPE and SPY

PIPE

SPY

Invesco SteelPath MLP & Energy Infrastructure ETF · $65MState Street SPDR S&P 500 ETF · $798B

[…]3 years · per year[…] · $19,132+24.1%

[…]5 years · per year[…] · $18,060+12.6%

0.75%Expense ratio$75 · $9 on $10k · lower wins0.09%

4.03%12-mo yield$403 · $99 on $10k0.99%

−9.1%Worst dropSmaller wins−8.9%

17.0%VolatilityLower wins12.9%

1–3SPY wins

$10,000 · 5 yearsOne scale

Shared top holdingsPIPE · SPY

6.3%WMB0.1%

4.6%KMI0.1%

8.9%TRGP0.1%

5.0%OKE0.1%

Held in common0.4%

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

Both

5Y2 funds

#			Trend
1	BSPY	State Street SPDR S&P 500 ETFRead Desk		0.09%	0.99%	+1.7%	+13.3%	+13.4%	+24.1%	+12.6%	−8.9%	$798.0B
2	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

Both

5Y2 funds

#			Trend
1	BSPY	State Street SPDR S&P 500 ETFRead Desk		0.09%	0.99%	+1.7%	+13.3%	+13.4%	+24.1%	+12.6%	−8.9%	$798.0B
2	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 SPY

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

SPY

SPDR S&P 500

$18,060

MeasurePIPESPY

Fee0.75%0.09%

Cost on $10k a year$75$9

Yield4.03%0.99%

5 years, per year[…]+12.6%

3 years, per year[…]+24.1%

Worst drop · 1Y−9.1%−8.9%

Volatility · 1Y17.0%12.9%

3–1measures won
SPY first

0.4%

holdings shared

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

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$185BAssets$798B

1–0SPYM 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, SPY

Today

0.4%most shared, PIPE and SPY

PIPESPY

PIPE—0.4%

SPY0.4%—

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

Income After Fees on $10,000

$328most kept, PIPE

PIPE$403 − $75 = $328

SPY$99 − $9 = $90

KeptFee

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