PAVE vs PIPE
YTDYear to date
PIPE wins+14.7 pts
Past year
PIPE wins+21.4 pts
Fee
PAVE winslower fee
Yield
PIPE wins+3.1 pts
AUM
PAVE217.6× more
3–1PIPE wins
PAVE and PIPE · year-to-date · as of Nov 4, 2026 · AUM not scored
PIPE vs S&P 500
YTD$30.17 · +1.0% last sessionDividend-adjusted total return. S&P 500 uses VOO.CompareS&P 500+ Peer avg+ Add a fund
Return1D1M3MYTD ▼1Y3Y5YMAX
Total return+1.0%+3.9%+3.1%+29.6%+36.0%——+32.6%
Peer average+0.2%+2.4%−1.9%+14.2%+14.8%+76.8%+76.4%—
S&P 500 · VOO+0.3%−2.6%−1.7%+11.5%+11.9%+90.9%+77.5%+816.4%
Invesco PIPE and Vanguard VOO · total return, dividends in · as of Nov 4, 2026
PIPE’s Holdings
TodayTRGPTarga Resources8.8%PAGP6.7%WMB6.2%TRP5.7%LNG5.5%PBA5.1%OKE5.0%KMI4.6%ET4.6%KEYUF4.5%EPD4.2%MPLX4.1%ENB4.0%SOBO3.7%KGS3.2%SUNC3.2%AM3.1%KNTK2.9%GEL2.9%WES2.7%ATGFF2.0%DTM2.0%4 more
TRGPTarga Resources8.8%PAGP6.7%WMB6.2%TRP5.7%LNG5.5%PBA5.1%OKE5.0%KMI4.6%ET4.6%KEYUF4.5%EPD4.2%MPLX4.1%14 more
Oil & Gas MidstreamOilRegulated Gas
Invesco PIPE · 26 holdings · tile size = share of the fund · as of Nov 3, 2026
All 39 Infrastructure ETFs
3Y| # | Trend | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | PAVE | Global X - U.S. Infrastructure DevelopmentReadDesk | 0.47% | 0.8% | +14.9% | +98.1% | $14.1B | |
| 2 | GRID | First Trust NASDAQ Clean Edge Smart Grid InfrastructureReadDesk | 0.56% | 0.9% | +10.1% | +102.5% | $11.1B | |
| 3 | IGF | Global InfrastructureReadDesk | 0.37% | 2.9% | +8.5% | +75.1% | $10.9B | |
| 4 | EMLP | First Trust North American Energy InfrastructureReadDesk | 0.95% | 2.8% | +19.2% | +86.8% | $4.3B | |
| 5 | IFRA | U.S. InfrastructureReadDesk | 0.30% | 1.7% | +12.8% | +79.2% | $4.1B | |
| 6 | MLPX | Global X - MLP & Energy InfrastructureReadDesk | 0.45% | 4.1% | +27.1% | +105.2% | $3.7B | |
| 7 | NFRA | Northern Trust STOXX Global Broad InfrastructureReadDesk | 0.48% | 5.7% | +8.3% | +54.3% | $3.1B | |
| 8 | DTCR | Global X - Data Center & Digital InfrastructureReadDesk | 0.50% | 1.0% | +20.5% | +116.7% | $1.9B | |
| 9 | GII | State Street SPDR S&P Global InfrastructureReadDesk | 0.40% | 2.7% | +8.3% | +74.7% | $966M | |
| 10 | ENFR | Alerian Energy InfrastructureReadDesk | 0.35% | 4.0% | +28.2% | +106.9% | $542M | |
| 11 | NGIF | Nuveen Global Infrastructure : ClassReadDesk | 0.88% | — | new | new | $530M | |
| 12 | IDGT | U.S. Digital Infrastructure and Real EstateReadDesk | 0.37% | 0.9% | +25.1% | +99.5% | $471M | |
| 13 | POWR | U.S. Power InfrastructureReadDesk | 0.39% | 6.3% | +9.2% | +19.9% | $454M | |
| 14 | SRVR | Pacer Data & Infrastructure Real EstateReadDesk | 0.49% | 4.9% | +1.0% | +22.2% | $284M | |
| 15 | MLPB | ETRACS Alerian MLP Infrastructure ETN Series BReadDesk | 0.85% | 6.0% | +22.3% | +70.4% | $222M | |
| 16 | TOLZ | ProShares - DJ Brookfield Global InfrastructureReadDesk | 0.46% | 3.1% | +11.6% | +62.5% | $173M |
1–16 of 39Page 1 of 3
Infrastructure · current AUM · as of Nov 4, 2026
PIPE Payouts by Year
2YLatest payout, Oct 2026
$0.10
a share · every month
3.8% yield
3.8% yield
2 years added up
$1.88 a share
$1.88 a share
Invesco PIPE · per-share distributions by ex-date · 2025–2026
PIPE’s Peers
YTD| # | Trend | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | PAVE | Global X - U.S. Infrastructure Development ETFReadVersus | 0.47% | 0.8% | +0.7% | +14.9% | +14.6% | $14.1B | |
| 2 | GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index FundReadVersus | 0.56% | 0.9% | +1.9% | +10.1% | +7.5% | $11.1B | |
| 3 | IGF | iShares Global Infrastructure ETFReadVersus | 0.37% | 2.9% | −0.3% | +8.5% | +10.9% | $10.9B | |
| 4 | EMLP | First Trust North American Energy Infrastructure FundReadVersus | 0.95% | 2.8% | −0.5% | +19.2% | +21.0% | $4.3B | |
| 5 | IFRA | iShares U.S. Infrastructure ETFReadVersus | 0.30% | 1.7% | 0.0% | +12.8% | +13.4% | $4.1B | |
| 6 | PIPE | Invesco SteelPath MLP & Energy Infrastructure ETFThis fund | 0.75% | 3.8% | +1.0% | +29.6% | +36.0% | $64.8M |
#2 of 30 this year · #30 cheapest of 39 · sorted by assetsOpen the Thematic table →
PIPE and its peer group · total return · as of Nov 4, 2026
Cards for This View
PIPE’s Top 10 Holdings
Today56.6%of PIPE sits in these 10
Invesco PIPE · weight in the fund · as of Nov 3, 2026
PIPE’s Holdings
TodayTRGPTarga Resources8.8%PAGP6.7%WMB6.2%TRP5.7%LNG5.5%PBA5.1%OKE5.0%KMI4.6%ET4.6%KEYUF4.5%EPD4.2%MPLX4.1%ENB4.0%SOBO3.7%KGS3.2%SUNC3.2%AM3.1%KNTK2.9%GEL2.9%WES2.7%ATGFF2.0%DTM2.0%4 more
TRGPTarga Resources8.8%PAGP6.7%WMB6.2%TRP5.7%LNG5.5%PBA5.1%OKE5.0%KMI4.6%ET4.6%KEYUF4.5%EPD4.2%MPLX4.1%14 more
Oil & Gas MidstreamOilRegulated Gas
Invesco PIPE · 26 holdings · tile size = share of the fund · as of Nov 3, 2026
PIPE vs Peer Average
YTDPIPEAvsBPeer average
1D+1.0%+0.2%
1M+3.9%+2.4%
3M+3.1%−1.9%
YTD+29.6%+14.2%
1Y+36.0%+14.8%
3Y[…]+76.8%
5Y[…]+76.4%
5–0PIPE wins
38 Infrastructure peers · each row scaled to its leader