- CUSIP
- 46090A663
- Issuer
- Invesco
- Inception Date
- Feb 20, 2025
- Region
- North America (United States)
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $63M
Share Price Chart
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Performance
PIPE Performance Chart
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is up 25.8% since the beginning of the year. PIPE is currently trading at $30 per share.
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Returns By Period
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) has returned 25.83% so far this year and 27.43% over the past 12 months.
Invesco SteelPath MLP & Energy Infrastructure ETF
- 1D
- -0.07%
- 1M
- -1.32%
- YTD
- 25.83%
- 6M
- 25.88%
- 1Y
- 27.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PIPE Monthly Returns History
Based on dividend-adjusted daily data since Feb 20, 2025, PIPE's average daily return is +0.08%, while the average monthly return is +1.46%. At this rate, an investment would double in approximately 4.0 years.
Historically, 71% of months were positive and 29% were negative. The best month was Feb 2026 with a return of +11.1%, while the worst month was Apr 2025 at -6.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 1 months.
On a daily basis, PIPE closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +6.2%, while the worst single day was Apr 4, 2025 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.70% | 11.09% | 4.44% | 2.11% | -3.47% | 2.16% | 25.83% | ||||||
| 2025 | -0.04% | 1.54% | -6.56% | 1.98% | 2.99% | -0.84% | 0.75% | 1.36% | -5.37% | 4.71% | 0.19% | 0.14% |
Benchmark Metrics
Invesco SteelPath MLP & Energy Infrastructure ETF has an annualized alpha of 11.09%, beta of 0.52, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since February 21, 2025.
- This ETF captured 25.82% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -94.80%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.52 may look defensive, but with R2 of 0.24 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 11.09%
- Beta
- 0.52
- R²
- 0.24
- Upside Capture
- 25.82%
- Downside Capture
- -94.80%
Expense Ratio
PIPE has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PIPE ranks 60 for risk / return — better than 60% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and compare them to S&P 500 Index.
| PIPE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 2.93 | +0.83 |
| Martin ratioReturn relative to average drawdown | 10.07 | 13.52 | -3.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco SteelPath MLP & Energy Infrastructure ETF provided a 3.73% dividend yield over the last twelve months, with an annual payout of $1.11 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.11 | $0.90 |
Dividend yield | 3.73% | 3.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco SteelPath MLP & Energy Infrastructure ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.00 | $0.48 | ||||||
| 2025 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.90 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco SteelPath MLP & Energy Infrastructure ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco SteelPath MLP & Energy Infrastructure ETF was 15.69%, occurring on Apr 8, 2025. Recovery took 198 trading sessions.
The current Invesco SteelPath MLP & Energy Infrastructure ETF drawdown is 5.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.69%Apr 2025 | 5d | 9mo 19d | 9mo 24dApr 2025 - Jan 2026 |
2026 pullback2026 | -7.21%May 2026 | 9d | — | 15d 8hMay 2026 - now |
2025 selloff2025 | -5.80%Mar 2025 | 13d | 11d | 24dFeb 2025 - Mar 2025 |
2026 pullback2026 | -5.61%Apr 2026 | 20d | 10d | 1moMar 2026 - Apr 2026 |
2026 pullback2026 | -3.63%May 2026 | 7d | 6d | 13dMay 2026 - May 2026 |
Drawdown Indicators
| PIPE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.69% | -56.78% | +41.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -9.10% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.20% | -0.74% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -10.72% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.97% | +0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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