Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Infrastructure Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PIPE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIPE
PIPE charges 0.75% annually. There are 26 ETFs in the Infrastructure Equities category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Themes US Infrastructure ETF | 0.29% | 3.80M | Sep 2024 | PIPE vs HWAY | |
| iShares U.S. Infrastructure ETF | 0.30% | 4.55B | Apr 2018 | PIPE vs IFRA | |
| Alerian Energy Infrastructure ETF | 0.35% | 519.57M | Oct 2013 | PIPE vs ENFR | |
| Xtrackers US Green Infrastructure Select Equity ET... | 0.35% | 612.04K | Jul 2023 | PIPE vs UPGR | |
| iShares Global Infrastructure ETF | 0.39% | 10.93B | Dec 2007 | PIPE vs IGF |
Best Risk-Adjusted Alternatives to PIPE
PIPE has a PortfoliosLab risk / return rank of 81. No ETFs in the Infrastructure Equities category have higher risk-adjusted ranks; the top alternatives shown here go as high as 80.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | 80 | 4.13B | Jun 2012 | PIPE vs EMLP | |
| Alerian Energy Infrastructure ETF | 76 | 519.57M | Oct 2013 | PIPE vs ENFR | |
| Bny Mellon Global Infrastructure Income ETF | 75 | 1.31B | Nov 2022 | PIPE vs BKGI | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 74 | 9.23M | May 2025 | PIPE vs USNG | |
| iShares Infrastructure Active ETF | 72 | — | Jul 2025 | PIPE vs BILT |
Top Performing PIPE Alternatives (YTD)
PIPE is at 28.11% YTD. No ETFs in the Infrastructure Equities category have higher YTD returns; the top-performing alternatives shown here go as high as 27.46%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | 27.46% | 519.57M | Oct 2013 | PIPE vs ENFR | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | 26.71% | 231.17M | Oct 2015 | PIPE vs MLPB | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 25.88% | 9.23M | May 2025 | PIPE vs USNG | |
| Global X MLP & Energy Infrastructure ETF | 25.38% | 3.64B | Aug 2013 | PIPE vs MLPX | |
| Neuberger Berman Energy Transition & Infrastructur... | 23.94% | 46.90M | Apr 2022 | PIPE vs NBET |
Lowest Volatility Alternatives to PIPE
PIPE has 14.95% 1-year volatility. There are 19 ETFs in the Infrastructure Equities category with lower 1-year volatility, going as low as 10.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Infrastructure Active ETF | 10.32% | — | Jul 2025 | PIPE vs BILT | |
| First Trust North American Energy Infrastructure F... | 10.35% | 4.13B | Jun 2012 | PIPE vs EMLP | |
| FlexShares STOXX Global Broad Infrastructure Index... | 10.40% | 3.00B | Oct 2013 | PIPE vs NFRA | |
| ProShares DJ Brookfield Global Infrastructure ETF | 10.71% | 176.36M | Mar 2014 | PIPE vs TOLZ | |
| iShares Global Infrastructure ETF | 10.72% | 10.93B | Dec 2007 | PIPE vs IGF |
Lowest Drawdown Alternatives to PIPE
PIPE has a 1-year max drawdown of -7.33%. There are 11 ETFs in the Infrastructure Equities category with shallower 1-year drawdowns, going as shallow as -4.94%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -4.94% | 4.13B | Jun 2012 | PIPE vs EMLP | |
| ProShares DJ Brookfield Global Infrastructure ETF | -5.18% | 176.36M | Mar 2014 | PIPE vs TOLZ | |
| iShares Infrastructure Active ETF | -5.38% | — | Jul 2025 | PIPE vs BILT | |
| iShares Global Infrastructure ETF | -5.87% | 10.93B | Dec 2007 | PIPE vs IGF | |
| SPDR S&P Global Infrastructure ETF | -5.94% | 941.89M | Jan 2007 | PIPE vs GII |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 14.23% | 452.80B | Mar 1999 | PIPE vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.35% | 21.05B | Oct 2015 | PIPE vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 14.26% | 97.11B | Oct 2020 | PIPE vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 79 | 14.26% | 96.96B | Apr 2003 | PIPE vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 61.64% | 2.58B | Jun 2021 | PIPE vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 65 | 14.14% | 19.45B | Dec 2005 | PIPE vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 45 | 4.68% | 10.56B | May 2005 | PIPE vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 55 | 12.76% | 4.04B | Oct 2012 | PIPE vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 44 | 13.32% | 7.18B | Mar 2005 | PIPE vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 58 | 11.63% | 4.08B | Feb 2012 | PIPE vs IDMO |
Often Compared With PIPE
Investors most often compare PIPE with PBOG, GXPE, PXJ. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PIPE with Any Fund or Stock
Compare PIPE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIPE with funds that move differently
Invesco SteelPath MLP & Energy Infrastructure ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIPE.
Explore PIPE Diversifiers