PAVE vs PIPE
YTDYear to date
PIPE wins+13.2 pts
Past year
PIPE wins+19.7 pts
Fee
PAVE winslower fee
Yield
PIPE wins+3.3 pts
AUM
PAVE218.5× more
3–1PIPE wins
PAVE and PIPE · year-to-date · as of Nov 5, 2026 · AUM not scored
PIPE vs S&P 500
5Y$27.83 · −3.4% last sessionDividend-adjusted total return. S&P 500 uses VOO.CompareS&P 500+ Peer avg+ Add a fund
Return1D1M3MYTD1Y3Y5Y ▼MAX
Total return−3.4%−3.9%−4.8%+19.5%+27.1%——+22.3%
Peer average−2.7%−0.3%−4.7%+10.0%+11.6%+67.1%+69.0%—
S&P 500 · VOO−4.4%−5.7%−4.9%+8.4%+9.8%+82.2%+71.6%+790.6%
Invesco PIPE and Vanguard VOO · total return, dividends in · as of Nov 5, 2026
PIPE’s Holdings
TodayTRGPTarga Resources8.8%PAGP6.8%WMB6.1%TRP5.9%LNG5.4%PBA5.1%OKE5.0%KMI4.6%ET4.5%KEYUF4.5%EPD4.3%ENB4.2%MPLX4.0%SOBO3.7%SUNC3.2%KGS3.1%AM3.1%KNTK2.9%GEL2.8%WES2.7%ATGFF2.1%DTM2.0%4 more
TRGPTarga Resources8.8%PAGP6.8%WMB6.1%TRP5.9%LNG5.4%PBA5.1%OKE5.0%KMI4.6%ET4.5%KEYUF4.5%EPD4.3%ENB4.2%14 more
Oil & Gas MidstreamOilRegulated Gas
Invesco PIPE · 26 holdings · tile size = share of the fund · as of Nov 5, 2026
All 39 Infrastructure ETFs
5Y| # | Trend | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | PAVE | Global X - U.S. Infrastructure DevelopmentReadDesk | 0.47% | 0.8% | +6.3% | +90.3% | $14.2B | |
| 2 | GRID | First Trust NASDAQ Clean Edge Smart Grid InfrastructureReadDesk | 0.56% | 1.0% | 0.0% | +57.6% | $11.3B | |
| 3 | IGF | Global InfrastructureReadDesk | 0.37% | 2.9% | +8.2% | +58.1% | $10.9B | |
| 4 | EMLP | First Trust North American Energy InfrastructureReadDesk | 0.95% | 2.8% | +16.1% | +102.2% | $4.2B | |
| 5 | IFRA | U.S. InfrastructureReadDesk | 0.30% | 1.8% | +7.6% | +69.5% | $4.0B | |
| 6 | MLPX | Global X - MLP & Energy InfrastructureReadDesk | 0.45% | 4.4% | +18.9% | +131.7% | $3.7B | |
| 7 | NFRA | Northern Trust STOXX Global Broad InfrastructureReadDesk | 0.48% | 5.7% | +8.4% | +31.2% | $3.1B | |
| 8 | DTCR | Global X - Data Center & Digital InfrastructureReadDesk | 0.50% | 1.0% | +17.7% | +52.1% | $1.9B | |
| 9 | GII | State Street SPDR S&P Global InfrastructureReadDesk | 0.40% | 2.7% | +8.0% | +57.6% | $965M | |
| 10 | NGIF | Nuveen Global Infrastructure : ClassReadDesk | 0.88% | — | new | new | $530M | |
| 11 | ENFR | Alerian Energy InfrastructureReadDesk | 0.35% | 4.2% | +20.1% | +129.0% | $523M | |
| 12 | IDGT | U.S. Digital Infrastructure and Real EstateReadDesk | 0.37% | 0.9% | +16.8% | +44.8% | $477M | |
| 13 | POWR | U.S. Power InfrastructureReadDesk | 0.39% | 6.6% | +2.8% | +60.5% | $444M | |
| 14 | SRVR | Pacer Data & Infrastructure Real EstateReadDesk | 0.49% | 5.0% | +0.1% | −22.6% | $287M | |
| 15 | MLPB | ETRACS Alerian MLP Infrastructure ETN Series BReadDesk | 0.85% | 6.4% | +15.3% | +132.5% | $214M | |
| 16 | TOLZ | ProShares - DJ Brookfield Global InfrastructureReadDesk | 0.46% | 3.1% | +10.8% | +46.1% | $174M |
1–16 of 39Page 1 of 3
Infrastructure · current AUM · as of Nov 5, 2026
PIPE Payouts by Year
2YLatest payout, Oct 2026
$0.10
a share · every month
4.2% yield
4.2% 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% | −5.9% | +6.3% | +7.4% | $14.2B | |
| 2 | GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index FundReadVersus | 0.56% | 1.0% | −6.3% | 0.0% | −0.7% | $11.3B | |
| 3 | IGF | iShares Global Infrastructure ETFReadVersus | 0.37% | 2.9% | −1.2% | +8.2% | +10.7% | $10.9B | |
| 4 | EMLP | First Trust North American Energy Infrastructure FundReadVersus | 0.95% | 2.8% | −1.5% | +16.1% | +18.6% | $4.2B | |
| 5 | IFRA | iShares U.S. Infrastructure ETFReadVersus | 0.30% | 1.8% | −3.5% | +7.6% | +9.0% | $4.0B | |
| 6 | PIPE | Invesco SteelPath MLP & Energy Infrastructure ETFThis fund | 0.75% | 4.2% | −3.4% | +19.5% | +27.1% | $65.0M |
#3 of 30 this year · #30 cheapest of 39 · sorted by assetsOpen the Thematic table →
PIPE and its peer group · total return · as of Nov 6, 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 5, 2026
PIPE’s Holdings
TodayTRGPTarga Resources8.8%PAGP6.8%WMB6.1%TRP5.9%LNG5.4%PBA5.1%OKE5.0%KMI4.6%ET4.5%KEYUF4.5%EPD4.3%ENB4.2%MPLX4.0%SOBO3.7%SUNC3.2%KGS3.1%AM3.1%KNTK2.9%GEL2.8%WES2.7%ATGFF2.1%DTM2.0%4 more
TRGPTarga Resources8.8%PAGP6.8%WMB6.1%TRP5.9%LNG5.4%PBA5.1%OKE5.0%KMI4.6%ET4.5%KEYUF4.5%EPD4.3%ENB4.2%14 more
Oil & Gas MidstreamOilRegulated Gas
Invesco PIPE · 26 holdings · tile size = share of the fund · as of Nov 5, 2026
PIPE vs Peer Average
YTDPIPEAvsBPeer average
1D−3.4%−2.7%
1M−3.9%−0.3%
3M−4.8%−4.7%
YTD+19.5%+10.0%
1Y+27.1%+11.6%
3Y[…]+67.1%
5Y[…]+69.0%
2–3Peer average wins
38 Infrastructure peers · each row scaled to its leader