Invesco SteelPath MLP & Energy Infrastructure ETF
$29.72+0.13 (+0.45%)
- 0.75%
- $64M
- +32.6%
- 3.89%
- 0M sh
- $29.37
- low $22.82high $31.54
The ETF.net PIPE Grade
C
Score 41 out of 100
- 15 of 25
Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F23 out of 100Rank 19 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.B67 out of 100Rank 5 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 7 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 16 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 10 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 18 of 25
Our read on PIPE
CInvesco's SteelPath team goes narrow: roughly two dozen pipeline and energy infrastructure names, paid out monthly. This is the toll-booth end of energy rather than the drillers, and it charges accordingly.
The Fund seeks total return.
Why people hold it
- Concentrated by design: roughly two dozen pipeline and midstream names, so infrastructure actually drives the portfolio instead of hiding behind oil majors in a broad energy index.
- Distributions land monthly, and the prospectus mandate is total return rather than yield maximization, so the portfolio isn't boxed into chasing the fattest payouts.
- Runs under Invesco's SteelPath banner, the firm's MLP and energy infrastructure line, so the midstream focus is the whole product, not a tilt bolted onto a sector fund.
Worth knowing
- At 0.75% a year it sits well above broad energy trackers like XLE, FENY and VDE (all under 0.10%) and above midstream peer ENFR at 0.35%.
- Launched in 2025 and lightly traded, which usually means wider bid-ask spreads and a shorter track record than the entrenched sector funds.
- Roughly two dozen names inside one slice of energy: individual companies and pipeline-sector swings carry real weight here.
PIPE Holdings
- Other
- 28
- 56%
- TRGP
Sectors
- Energy97.0%
- Utilities2.0%
- Financials1.0%
Geography
- United States74.59%
- Canada25.41%
PIPE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
PIPE$13,256
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PIPE |
|---|---|
| Year to date | +26.5% |
| 1 month | −3.4% |
| 3 months | −1.1% |
| 1 year | +32.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PIPE |
|---|---|---|
| 2026 YTD | +26.5% | |
| 2025 | +2.4% |
PIPE in the news
PIPE Dividends
- 3.89%
- $1.15
- $0.10 per share
- Monthly
Distribution history
PIPE Risk
- 16.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.67
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PIPE Cost
0.75%
PIPE0.75%
- The middle half of Energy (Broad) funds
- Median 0.46%
17 of the 24 Energy (Broad) funds charge less.
Other funds in Energy (Broad)
- CEMLPFirst Trust North American Energy Infrastructure FundExpense ratio 0.95%1 year return +16.4%
- CDRLLStrive U.S. Energy ETFExpense ratio 0.41%1 year return +61.6%
- CTRUNVanEck Energy TruSector ETFExpense ratio 0.16%1 year return —
- DUSAIPacer American Energy Infrastructure ETFExpense ratio 0.75%1 year return +26.4%
- DLNGXGlobal X - U.S. Natural Gas ETFExpense ratio 0.45%1 year return —