Dividend-adjusted total return · S&P 500 uses VOO · Feb 24, 2025 – Nov 5, 2026PIPES&P 500 · VOO
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | 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% | — |
Key Statistics
Open all fund facts →- AUM
- $65M
- Expense ratio
- 0.75%
- Distribution yield
- 4.2%
- NAV
- $29.93
- Volume
- 11K
- Avg. volume 30D
- 2K
- High today
- $29.03
- Low today
- $27.83
- Previous close
- $28.80
- 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
$12,233
In the S&P 500 (VOO)
$12,532
Total return, dividends in · Feb 24, 2025 – Nov 5, 2026 · S&P 500 uses VOO
PIPE’s Top 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
What PIPE Holds
TodayOil & Gas Midstream91.9%
TRGP 8.8 · PAGP 6.8 · WMB 6.1 · TRP 5.9 · LNG 5.4 · PBA 5.1 · OKE 5.0
Oil & Gas Equipment & Services4.9%
KGS 3.1 · AROC 1.8
Regulated Gas2.1%
ATGFF 2.1
Asset Management0.8%
AGPXX
Invesco PIPE · share of the fund by industry · as of Nov 5, 2026
Targa’s Share of PIPE
Today8.8%
$88 of every $1,000 in PIPE is Targa
Targa held by PIPE
$5.7M
Invesco PIPE · each square = $10 of $1,000 · as of Nov 5, 2026
PIPE’s Share of Infrastructure ETFs
Today0.1%
of the $58.2B in 39 Infrastructure ETFs
$65.0M0.1%
$14.2B24.4%
$11.3B19.5%
$32.6B56.0%
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 5, 2026PIPE
Invesco SteelPath MLP & Energy Infrastructure ETF
TodayInvesco PIPE · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 90.5%
How It Compares
PIPE
Invesco SteelPath MLP & Energy Infrastructure ETF’s Peers
TodayInfrastructure peers · Today’s and past-year returns · as of Nov 6, 2026 · sorted by AUM
Head to Head
Put PIPE head to head with PAVE →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
Global X PAVE and Invesco PIPE · year-to-date · as of Nov 6, 2026 · AUM not scored
Infrastructure vs Thematic
Average · YTDPAVE
+6.3%
PIPE
+19.5%
Thematic average
+2.3%
PAVE, PIPE and the average thematic ETF · Today return · as of Nov 6, 2026
PIPE vs VOO
YTDPIPE · Invesco SteelPath MLP & Energy Infrastructure
+19.5%
VOO · S&P 500
+8.4%
Gap
11.1 pts
Invesco PIPE and Vanguard VOO · Today total return · as of Nov 6, 2026
PIPE vs Its 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
The Details
PIPE
Risk
1Y4/5our risk indicator
CalmerBumpier
Volatility · 1Y17.33%
Deepest drop · 1Y−10.3%
Lowest point · 5Y−5.5%
52-week range
$27.83
$22.82−14.3% from the high$32.49
Invesco PIPE · past-year price moves · as of Nov 6, 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 6, 2026
PIPE
Payouts by Year
2Y$0.10per share, Oct 2026
Distribution yield4.2%
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$29.93
Premium / discount[…]
Median spread · 30D[…]
Volume today11K
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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