PIPE
Invesco SteelPath MLP & Energy Infrastructure ETF
The Invesco SteelPath MLP & Energy Infrastructure ETF seeks to provide investment results that correspond generally to the price and yield performance of an index comprised of energy infrastructure companies, with a focus on master limited partnerships (MLPs).
US
EQUITY
Active
MANAGEMENT STYLE
$ 65.2 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Feb 18, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TARGA RESOURCES CORP | 9.1 % |
| PLAINS GP HOLDINGS LP CLASS A | 6.6 % |
| WILLIAMS COS INC | 6.2 % |
| CHENIERE ENERGY INC | 5.7 % |
| TRANSCANADA CORP | 5.7 % |
| PEMBINA PIPELINE CORP | 5.0 % |
| ONEOK INC | 4.9 % |
| KINDER MORGAN INC | 4.6 % |
| ENERGY TRANSFER, L.P. | 4.5 % |
| KEYERA CORP | 4.4 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 461 |
| Wgt avg mkt cap (mns) | $36,588 |
| Large cap (>$10bn) | 56.8% |
| Mid cap ($2-10bn) | 31.0% |
| Small cap (<$2bn) | 2.9% |
| Developed mkts. | 90.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 64.8 % |
 |
CANADA | 25.8 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.7% | 15.5% | -- | -- | -- | -- | -- | 8.2% |
| Dividend Yield | 3.6% | 4.9% | -- | -- | -- | -- | -- | 4.7% |
| Total Returns | 21.3% | 20.4% | -- | -- | -- | -- | -- | 12.8% | Ann. Volatility | 16.5% | 15.8% | -- | -- | -- | -- | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.14 | 1% |
| MSCI EAFE | -0.10 | 1% |
| MSCI Emg Mkts | -0.06 | 1% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $29.80 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.25/0.07 |
| Bollinger Bands (Upper/Lower) | $30.73/$28.62 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PIPE |
Expenses vs. PIPE |
ALTAR Score™ vs. PIPE |
|---|---|---|---|---|
| UMI | USCF Midstream Energy Income Fund ETF | 73.7% | +10 bp | +0.5% |
| ENFR | Alerian Energy Infrastructure ETF | 69.6% | -40 bp | +1.0% |
| USAI | Pacer American Energy Independence ETF | 60.0% | 0 bp | 0.0% |
| EINC | VanEck Energy Income ETF | 56.8% | -29 bp | +0.8% |
| TPYP | Tortoise North American Pipeline Fund | 55.5% | -35 bp | +0.8% |
| MLPI | NEOS MLP & Engy Infras Hi Inc ETF | 54.9% | -7 bp | -0.7% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 53.2% | -30 bp | +0.5% |
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 48.5% | -16 bp | +0.4% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 42.2% | -20 bp | +1.9% |
| THRU | Tema Commodity Infrastructure ETF | 36.1% | 0 bp | +0.9% |
Risk and Returns: PIPE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/4/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.2%
ALTAR SCORE™
25th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,394 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.1%. PIPE's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places PIPE in the 25th percentile
among funds in the category.
Sell-Side Consensus
$31.78
PRICE TARGET
+6.0%
UPSIDE