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CUSIP
46090A663
Issuer
Invesco
Inception Date
Feb 20, 2025
Region
North America (United States)
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.70%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
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.


PIPE Risk / Return Rank: 6060
Overall Rank
PIPE Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
PIPE Sortino Ratio Rank: 5555
Sortino Ratio Rank
PIPE Omega Ratio Rank: 5555
Omega Ratio Rank
PIPE Calmar Ratio Rank: 7575
Calmar Ratio Rank
PIPE Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


PIPEBenchmarkDifference
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

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.


3.74%$0.00$0.20$0.40$0.60$0.802025
Dividends
Dividend Yield
PeriodTTM2025
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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
5d9mo 19d
9mo 24dApr 2025 - Jan 2026
2026 pullback2026
-7.21%May 2026
9d
15d 8hMay 2026 - now
2025 selloff2025
-5.80%Mar 2025
13d11d
24dFeb 2025 - Mar 2025
2026 pullback2026
-5.61%Apr 2026
20d10d
1moMar 2026 - Apr 2026
2026 pullback2026
-3.63%May 2026
7d6d
13dMay 2026 - May 2026

Drawdown Indicators


PIPEBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-5.20%

-0.74%

-4.46%

Average Drawdown

Average peak-to-trough decline

-3.99%

-10.72%

+6.73%

Ulcer Index

Depth 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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Portfolio Analyzer

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