EIPI vs PSR: Grades, Fees and Holdings Compared

FT Energy Income Partners Enhanced Income ETF

EIPICNYSE Arca

Invesco Active U.S. Real Estate ETF

PSRANYSE Arca

Overlap

0.0%by weight

Expense ratio

PSR −0.76pt a year

EIPI1.11%PSR0.35%

Avg volume · 30D

EIPI 57.8×the volume

EIPI83.9KPSR1.45K

EIPI vs PSR Performance

Oct 31, 2025 – Oct 30, 2026

+26.3%EIPI+13.9%PSR

Expense ratio: EIPI 1.11%; PSR 0.35%, better
Fund size: EIPI $1.13B; PSR $57M
1Y total return: EIPI +26.3%, better; PSR +13.9%
Yield (12M): EIPI 6.52%, better; PSR 2.70%
Holdings: EIPI 79; PSR 37
Avg volume (30D): EIPI 83.9K sh, better; PSR 1.45K sh
NAV per share: EIPI $22.98; PSR $100.85
52W range

ETF.net Grade

Pillar letters and Scores for EIPI, PSR, with each pillar’s weight
Pillar	EIPI	PSR
Cost30% weight	F3	A85Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A96Higher	B56
Tradability15% weight	A72Higher	B58
Holdings10% weight	A75Higher	B66
Durability5% weight	A92Higher	A75

Rank among US Active Sector funds

How we build Categories ›

Same Category. EIPI and PSR are both graded against the same 35 US Active Sector funds, so their Grades compare head to head.

US Active Sector⁠

Category · 35 funds

See all 35 ›

PSR ranks 2nd and EIPI 14th of 35 funds in the US Active Sector Category.

Rank 1AAVREAvantis Real Estate ETFScore 77
Rank 2APSRInvesco Active U.S. Real Estate ETFScore 70
Rank 2BTMEDT. Rowe Price Health Care ETFScore 70
Rank 13CBYREPrincipal Real Estate Active Opportunities ETFScore 52
Rank 14CEIPIFT Energy Income Partners Enhanced Income ETFScore 51
Rank 15CEIPXFT Energy Income Partners Strategy ETFScore 50

Our read on each fund

ETF.net Research

EIPICFT Energy Income Partners Enhanced Income ETF

PSRAInvesco Active U.S. Real Estate ETF

In short

EIPI Four First Trust closed-end energy funds were merged into one ETF in 2024, and this is the survivor: an Energy Income Partners portfolio of pipelines, utilities and energy majors that sells calls against part of the book and pays monthly.

PSR Active REIT stock-picking without the active price tag: since 2008, PSR has run a tight book of about 30 US property names for 0.35% a year, roughly half the median fee among active US equity ETFs.

Stated mandate

EIPI The Fund seeks high total return with an emphasis on current shareholder distributions.

PSR The Fund seeks high total return through capital appreciation and current income, investing principally in equity real estate investment trusts.

Why people hold it

EIPI Run by energy specialist Energy Income Partners as sub-adviser: about 110 names across midstream, utilities and majors, chosen by hand rather than lifted from a sector index.businesswire.com
Writes call options against part of the portfolio to turn energy volatility into premium, and sends cash out on a monthly cadence.stockanalysis.com
ETF plumbing: shares create and redeem at net asset value, sidestepping the discount-to-NAV problem that dogged the four closed-end funds it absorbed.nasdaq.com

PSR 0.35% a year against a 0.65% median for active US equity ETFs. Active management without the usual active-management markup.
Running since 2008, across multiple rate regimes and property cycles, and it sits in the upper half of its active US equity peer group.
Concentrated by design: about 30 equity REITs, so each holding carries real weight instead of being diluted across the entire property market.invesco.com
The mandate targets capital appreciation plus current income from equity REITs, and the fund distributes quarterly.invesco.com

Worth knowing

EIPI Fees run 1.11% a year against roughly 0.65% for the median active US equity ETF; cohort leaders like DFAU (0.12%) and FELC (0.18%) charge a sliver of that.
One sector, one cycle. Commodity prices, pipeline volumes and utility rate decisions move the entire portfolio together.stockanalysis.com
Calls sold against holdings cap the upside on that slice, so a sharp energy rally partly passes the fund by. Income comes at the cost of some appreciation.stockanalysis.com

PSR Thinly traded. Spreads can widen and larger orders can move the price more than they would in a heavily traded index fund.
One sector, one economy: US property. When rates jolt REITs, the portfolio has no other sector to lean on.
Assets stay modest next to the giant index REIT funds, and smaller ETFs generally face a higher bar to stay open over the long haul.

Full EIPI profile⁠

Full PSR profile⁠

EIPI vs PSR Holdings

How EIPI and PSR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EIPI and 0.0% of PSR.

Level by level

Asset classEquity, Alternatives0.0%
Sector5 Sectors0.0%
Holdings0 in both0.0%
Countryby domicile93.7%

Sector

Sector weights in EIPI and PSR, widest gap first
Sector	More in EIPIMore in PSR	EIPI	PSR
Real Estate	PSR +100.0 points	0.0%	100.0%
Energy	EIPI +65.9 points	65.9%	0.0%
Utilities	EIPI +29.4 points	29.4%	0.0%
Industrials	EIPI +4.2 points	4.2%	0.0%
Materials	EIPI +0.5 points	0.5%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in EIPI and PSR, widest gap first
Country	More in EIPIMore in PSR	EIPI	PSR
United States	PSR +6.3 points	93.7%	100.0%
United Kingdom	EIPI +2.9 points	2.9%	0.0%
Canada	EIPI +2.3 points	2.3%	0.0%
France	EIPI +1.1 points	1.1%	0.0%

Concentration

Weight in the 10 largest Holdings

EIPI42.8%
PSR57.3%

Securities held

EIPI77
PSR36

Asset class

EIPI: Equity
PSR: Alternatives

Holdings

Only in EIPI77
In both0
Only in PSR36

Only in EIPI

77 securities, 96.9% of EIPI by weight

Enterprise Products Partners L.P.8.57%
Energy Transfer LP6.61%
Mplx Lp4.60%
Kinder Morgan, Inc.4.02%
ExxonMobil Holdings Corp.3.66%
ONEOK, Inc.3.15%
Shell plc (ADR)2.86%
Duke Energy Corporation2.56%
National Fuel Gas Company2.26%
EOG Resources, Inc.2.20%
The Williams Companies, Inc.1.95%
Entergy Corporation1.94%
Public Service Enterprise Group Incorporated1.85%
Range Resources Corporation1.73%
Sempra1.70%
Cheniere Energy, Inc.1.67%
Targa Resources Corp.1.64%
The Southern Company1.59%
Plains GP Holdings, L.P. (Class A)1.57%
CenterPoint Energy, Inc.1.55%
Cheniere Energy Partners, L.P.1.41%
SunocoCorp LLC1.40%
Plains All American Pipeline, L.P.1.31%
American Electric Power Company, Inc.1.27%
NextEra Energy, Inc.1.27%
ONE Gas, Inc.1.21%
Core Natural Resources, Inc.1.21%
Halliburton Company1.13%
Baker Hughes Company (Class A)1.09%
WEC Energy Group, Inc.1.07%
Tetra Tech, Inc.1.05%
FirstEnergy Corp.1.03%
SLB Ltd.1.03%
Xcel Energy Inc.1.02%
OGE Energy Corp.1.02%
EQT Corporation0.99%
PPL Corporation0.99%
CMS Energy Corporation0.97%
Dominion Energy, Inc.0.93%
Generac Holdings Inc.0.83%
Jacobs Solutions Inc.0.80%
Alliance Resource Partners, L.P.0.79%
Evergy, Inc.0.79%
Ameren Corporation0.77%
Archrock, Inc.0.74%
New Jersey Resources Corporation0.74%
Clearway Energy, Inc. (Class C)0.71%
DTE Energy Company0.63%
TotalEnergies SE0.58%
TXO Partners, L.P.0.53%

Only in PSR

36 securities, 100% of PSR by weight

Welltower Inc10.37%
Prologis Inc8.55%
Equinix Inc7.76%
American Tower Corp6.94%
Digital Realty Trust Inc6.33%
Public Storage3.69%
UDR Inc3.53%
Crown Castle Inc3.44%
Camden Property Trust3.43%
Simon Property Group Inc3.21%
Equity LifeStyle Properties Inc2.59%
Terreno Realty Corp2.53%
Brixmor Property Group Inc2.36%
WP Carey Inc2.32%
Ventas Inc2.30%
Gaming and Leisure Properties Inc2.29%
Broadstone Net Lease Inc2.27%
CubeSmart2.24%
Healthpeak Properties Inc2.04%
Rayonier Inc2.03%
CareTrust REIT Inc1.86%
Vornado Realty Trust1.76%
Host Hotels & Resorts Inc1.70%
Ryman Hospitality Properties Inc1.62%
BXP Inc1.57%
American Homes 4 Rent1.53%
Tanger Inc1.44%
Outfront Media Inc1.43%
American Healthcare REIT Inc1.15%
EastGroup Properties Inc1.12%
Realty Income Corp1.08%
Agree Realty Corp0.96%
Curbline Properties Corp0.91%
Janus Living Inc0.91%
SBA Communications Corp0.69%
Securities Lending - Bnym0.00%

Weight gaps

EIPI and PSR share no securities.

All 121 EIPI holdings⁠All 35 PSR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EIPI vs PSR Cost

Overpaying EIPI vs PSR

$13,323

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EIPI 1.11%
$20,449
PSR 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

EIPI 1.11%
PSR 0.35%
Overpaying

Year by year

Year	EIPI	PSR	Overpaying
10	$1,948	$634	$1,314
20	$7,285	$2,454	$4,831
30	$20,449	$7,126	$13,323

Expense ratio

1.11%EIPI
0.35%PSR, cheaper

PSR0.35%EIPI1.11%

0.10%1.24%

Middle half of US Active Sector funds
Median 0.61%

PSR 6th cheapest of 35 funds

EIPI 34th cheapest of 35 funds

EIPI vs PSR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EIPI 6.52%, better; PSR 2.70%
Payout (12M): EIPI $1.50; PSR $2.72
Last payment: EIPI $0.13; PSR $0.67
Ex-dividend: EIPI Oct 21, 2026; PSR Sep 21, 2026
Paid on: EIPI Oct 30, 2026; PSR Sep 25, 2026
Frequency: EIPI Monthly; PSR Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

EIPIMonthly · 31 paymentsAll EIPI payments⁠

PSRQuarterly · 15 paymentsAll PSR payments⁠

EIPI vs PSR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EIPI 12.6%since Jun 2024PSR 16.5%
Return per unit of riskSharpe ratio, 3 years: EIPI 1.09since Jun 2024PSR 0.54
Worst fallMax drawdown, 5 years: EIPI −12.3%since May 2024PSR −34.8%
Market sensitivityBeta, 5 years: EIPI 0.30PSR 0.95; Market = 1

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