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PIPE vs MLPA

Invesco SteelPath MLP & Energy Infrastructure ETF vs Global X MLP ETF

PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

Invesco

Annual cost

0.75%

Fund size

$64M

MLPA

Global X MLP ETF

Global X Funds

Annual cost

0.77%

Fund size

$2.2B

Key differences

  • MLPA is significantly larger than PIPE — larger funds tend to be more liquid and less likely to close.
  • PIPE covers global markets; MLPA covers north america.
  • PIPE follows a active selection strategy; MLPA uses index tracking.
  • MLPA has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PIPEMLPA
Annual cost (TER)0.75%0.77%
Fund size (AUM)$64M$2.2B
Since20252012
Dividend yield3.64%6.94%
Asset classequityequity
Regionglobalnorth america
Strategyactive selectionindex tracking
CAGR 1Y+31.4%+17.1%
CAGR 3YN/A+17.1%
CAGR 5YN/A+16.8%
Sharpe 3YN/A0.95
Volatility 1Y14.18%11.95%
Max drawdown-15.69%-74.03%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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