Screener
PIPE vs EMLP
Invesco SteelPath MLP & Energy Infrastructure ETF vs First Trust North American Energy Infrastructure Fund
Key differences
- PIPE costs 0.20% less per year.
- EMLP is significantly larger than PIPE — larger funds tend to be more liquid and less likely to close.
- PIPE follows a active selection strategy; EMLP uses index tracking.
- EMLP has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| PIPE | EMLP | |
|---|---|---|
| Annual cost (TER) | 0.75% | 0.95% |
| Fund size (AUM) | $64M | $4.1B |
| Since | 2025 | 2012 |
| Dividend yield | 3.64% | 2.69% |
| Asset class | equity | equity |
| Region | global | — |
| Strategy | active selection | index tracking |
| CAGR 1Y | +31.4% | +22.5% |
| CAGR 3Y | N/A | +22.0% |
| CAGR 5Y | N/A | +16.6% |
| Sharpe 3Y | N/A | 1.33 |
| Volatility 1Y | 14.18% | 9.80% |
| Max drawdown | -15.69% | -43.61% |
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