Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) belongs to the Energy 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 42 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 36.84B | Dec 1998 | PIPE vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.90B | Oct 2013 | PIPE vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.80B | Sep 2004 | PIPE vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 526.25M | Nov 2025 | PIPE vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | PIPE vs GXPE |
Best Risk-Adjusted Alternatives to PIPE
PIPE has a PortfoliosLab risk / return rank of 72. There are 9 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 91 | 7.93M | May 2025 | PIPE vs USNG | |
| Invesco Dynamic Oil & Gas Services ETF | 87 | 126.14M | Oct 2005 | PIPE vs PXJ | |
| Bastion Energy ETF | 84 | — | Jun 2025 | PIPE vs BESF | |
| FT Energy Income Partners Strategy ETF | 83 | 518.62M | Nov 2022 | PIPE vs EIPX | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 82 | 527.65M | Jun 2006 | PIPE vs XES |
Top Performing PIPE Alternatives (YTD)
PIPE is at 27.15% YTD. There are 7 ETFs in the Energy Equities category with higher YTD returns, going as high as 42.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Oil & Gas Services ETF | 42.12% | 126.14M | Oct 2005 | PIPE vs PXJ | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 39.22% | 527.65M | Jun 2006 | PIPE vs XES | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 36.17% | 7.93M | May 2025 | PIPE vs USNG | |
| VanEck Oil Services ETF | 35.03% | 2.12B | Dec 2011 | PIPE vs OIH | |
| WEBs Energy XLE Defined Volatility ETF | 34.11% | — | Jul 2025 | PIPE vs DVXE |
Lowest Volatility Alternatives to PIPE
PIPE has 14.54% 1-year volatility. There are 9 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 10.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Macquarie Global Listed Infrastructure ETF | 10.86% | 6.30M | Nov 2023 | PIPE vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.17% | 518.62M | Nov 2022 | PIPE vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.64% | 1.14B | Nov 2022 | PIPE vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.45% | 152.76M | Apr 2024 | PIPE vs MDST | |
| NEOS MLP & Energy Infrastructure High Income ETF | 13.05% | 657.68M | Dec 2025 | PIPE vs MLPI |
Lowest Drawdown Alternatives to PIPE
PIPE has a 1-year max drawdown of -7.33%. There are 6 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 518.62M | Nov 2022 | PIPE vs EIPX | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | PIPE vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.14B | Nov 2022 | PIPE vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | -6.74% | 152.76M | Apr 2024 | PIPE vs MDST | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | -6.82% | 7.93M | May 2025 | PIPE vs USNG |
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 $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 59 | 16.45% | 493.17B | Mar 1999 | PIPE vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 68 | 29.91% | 21.99B | Oct 2015 | PIPE vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 60 | 16.48% | 101.29B | Oct 2020 | PIPE vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 49 | 9.94% | 92.57B | Apr 2003 | PIPE vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 94 | 90.62% | 3.22B | Jun 2021 | PIPE vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 39 | 1.60% | 10.60B | May 2005 | PIPE vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 61 | 16.54% | 21.05B | Dec 2005 | PIPE vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 30 | 8.20% | 3.27B | Oct 2012 | PIPE vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 66 | 22.90% | 8.18B | Mar 2005 | PIPE vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 38 | 9.76% | 8.26B | Oct 2005 | PIPE vs PPA |
Often Compared With PIPE
Investors most often compare PIPE with IEZ, CRAK, RNWZ. These 20 comparison targets span 14 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