Dividend-adjusted total return · S&P 500 uses VOO · Oct 6, 2026 – Nov 4, 2026PIPES&P 500 · VOO
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | −4.0% | −2.0% | −2.7% | +23.7% | +29.9% | — | — | +26.6% |
| Peer average | −0.2% | +1.0% | −2.2% | +13.4% | +13.9% | +74.2% | +75.5% | — |
| S&P 500 · VOO | +1.6% | −1.6% | 0.0% | +13.4% | +13.5% | +91.7% | +81.2% | — |
Key Statistics
Open all fund facts →- AUM
- $65M
- Expense ratio
- 0.75%
- Distribution yield
- 4.0%
- NAV
- $29.86
- Volume
- 2K
- Avg. volume 30D
- 2K
- High today
- $28.88
- Low today
- $28.80
- Previous close
- $29.99
- 52-week high
- $32.49
- 52-week low
- $22.82
- Our risk indicator
- 4/5
PIPE in One Breath
PIPE Among Infrastructure ETFs
YTDEnd-of-day Nov 5, 2026 · 30 Infrastructure ETFs by YTD
$10,000 in PIPE
5Y$10,000 in PIPE became
$12,659
In the S&P 500 (VOO)
$13,105
Total return, dividends in · Feb 24, 2025 – Nov 4, 2026 · S&P 500 uses VOO
PIPE’s Top Holdings
TodayTRGPTarga Resources8.9%PAGP6.7%WMB6.3%TRP5.7%LNG5.5%OKE5.0%PBA5.0%KMI4.6%ET4.5%KEYUF4.4%EPD4.2%ENB4.0%MPLX4.0%SOBO3.6%KGS3.4%SUNC3.2%AM3.1%KNTK3.0%GEL2.9%WES2.7%ATGFF2.1%DTM2.0%4 more
TRGPTarga Resources8.9%PAGP6.7%WMB6.3%TRP5.7%LNG5.5%OKE5.0%PBA5.0%KMI4.6%ET4.5%KEYUF4.4%EPD4.2%ENB4.0%14 more
Oil & Gas MidstreamOilRegulated Gas
Invesco PIPE · 26 holdings · tile size = share of the fund · as of Nov 4, 2026
What PIPE Holds
TodayOil & Gas Midstream91.7%
TRGP 8.9 · PAGP 6.7 · WMB 6.3 · TRP 5.7 · LNG 5.5 · OKE 5.0 · PBA 5.0
Oil & Gas Equipment & Services5.2%
KGS 3.4 · AROC 1.9
Regulated Gas2.1%
ATGFF 2.1
Asset Management0.7%
AGPXX
Invesco PIPE · share of the fund by industry · as of Nov 4, 2026
Targa’s Share of PIPE
Today8.9%
$89 of every $1,000 in PIPE is Targa
Targa held by PIPE
$5.8M
Invesco PIPE · each square = $10 of $1,000 · as of Nov 4, 2026
PIPE’s Share of Infrastructure ETFs
Today0.1%
of the $57.8B in 39 Infrastructure ETFs
$64.8M0.1%
$14.1B24.4%
$11.1B19.3%
$32.5B56.2%
Infrastructure ETF AUM · Nov 5, 2026
PIPE Fee per $100 vs Peers
TodayExpense ratio · Infrastructure peers · Nov 5, 2026
Inside PIPE
26 holdings · as of Nov 4, 2026PIPE
Invesco SteelPath MLP & Energy Infrastructure ETF
TodayInvesco PIPE · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 90.5%
How It Compares
PIPE
Invesco SteelPath MLP & Energy Infrastructure ETF’s Peers
YTDInfrastructure peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM
Head to Head
Put PIPE head to head with PAVE →PAVE vs PIPE
YTDYear to date
PIPE wins+10.7 pts
Past year
PIPE wins+16.9 pts
Fee
PAVE winslower fee
Yield
PIPE wins+3.2 pts
AUM
PAVE217.6× more
3–1PIPE wins
Global X PAVE and Invesco PIPE · year-to-date · as of Nov 5, 2026 · AUM not scored
Infrastructure vs Thematic
Average · YTDPAVE
+13.0%
PIPE
+23.7%
Thematic average
+7.7%
PAVE, PIPE and the average thematic ETF · YTD return · as of Nov 5, 2026
PIPE vs VOO
YTDPIPE · Invesco SteelPath MLP & Energy Infrastructure
+23.7%
VOO · S&P 500
+13.4%
Gap
10.4 pts
Invesco PIPE and Vanguard VOO · YTD total return · as of Nov 5, 2026
PIPE vs Its Peer Average
YTDPIPEAvsBPeer average
1D−4.0%−0.2%
1M−2.0%+1.0%
3M−2.7%−2.2%
YTD+23.7%+13.4%
1Y+29.9%+13.9%
3Y[…]+74.2%
5Y[…]+75.5%
2–3Peer average wins
38 Infrastructure peers · each row scaled to its leader
The Details
PIPE
Risk
1Y4/5our risk indicator
CalmerBumpier
Volatility · 1Y17.02%
Deepest drop · 1Y−9.1%
Lowest point · 5Y−11.0%
52-week range
$28.80
$22.82−11.4% from the high$32.49
Invesco PIPE · past-year price moves · as of Nov 5, 2026
PIPE
Fund Facts
Today2025launched Feb 20
Tracks[…]
Exchange · CUSIPCBOE
StructureETF
Leverage1x
Cost on $10,000$75 a year
Go deeper
Invesco PIPE · fund facts · as of Nov 5, 2026
PIPE
Payouts by Year
2Y$0.10per share, Oct 2026
Distribution yield4.0%
PaidEvery month
Latest ex-date · paidOct 19 · Oct 23, 2026
12 payouts added up$1.16 a share
Invesco PIPE · distributions by ex-date · 2025–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.
Trading & Liquidity
Net asset value$29.86
Premium / discount[…]
Median spread · 30D[…]
Volume today2K
Average volume · 30D2K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.75%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$75.00
Our risk indicator4/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 19, 2026 | Oct 23, 2026 | $0.10 |
| Sep 21, 2026 | Sep 25, 2026 | $0.10 |
| Aug 24, 2026 | Aug 28, 2026 | $0.10 |
| Jul 20, 2026 | Jul 24, 2026 | $0.10 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| May 18, 2026 | May 22, 2026 | $0.10 |
| Apr 20, 2026 | Apr 24, 2026 | $0.10 |
| Mar 23, 2026 | Mar 27, 2026 | $0.10 |
| Feb 23, 2026 | Feb 27, 2026 | $0.0900 |
| Jan 20, 2026 | Jan 23, 2026 | $0.0900 |
| Dec 22, 2025 | Dec 26, 2025 | $0.0900 |
| Nov 24, 2025 | Nov 28, 2025 | $0.0900 |
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