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 46 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | 0.08% | 2.03B | Oct 2013 | PIPE vs FENY | |
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.95B | Dec 1998 | PIPE vs XLE | |
| Vanguard Energy ETF | 0.10% | 12.70B | Sep 2004 | PIPE vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 11.66M | 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 60. There are 29 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 93 | 171.68M | Aug 2015 | PIPE vs CRAK | |
| VanEck Natural Resources ETF | 89 | 334.74M | Aug 2008 | PIPE vs HAP | |
| Tema Electrification ETF | 89 | 693.48M | Dec 2024 | PIPE vs VOLT | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 89 | 578.84M | Jun 2006 | PIPE vs XES | |
| American Beacon GLG Natural Resources ETF | 89 | 287.08M | Feb 2024 | PIPE vs MGNR |
Top Performing PIPE Alternatives (YTD)
PIPE is at 25.83% YTD. There are 30 ETFs in the Energy Equities category with higher YTD returns, going as high as 51.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Oil Services ETF | 51.43% | 2.37B | Dec 2011 | PIPE vs OIH | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 50.69% | 578.84M | Jun 2006 | PIPE vs XES | |
| iShares U.S. Oil Equipment & Services ETF | 47.84% | 636.98M | May 2006 | PIPE vs IEZ | |
| Invesco Dynamic Oil & Gas Services ETF | 46.18% | 128.85M | Oct 2005 | PIPE vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 44.98% | — | Jul 2025 | PIPE vs DVXE |
Lowest Volatility Alternatives to PIPE
PIPE has 14.39% 1-year volatility. There are 10 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 9.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ClearBridge Sustainable Infrastructure ETF | 9.00% | 12.46M | Dec 2022 | PIPE vs INFR | |
| Macquarie Global Listed Infrastructure ETF | 10.78% | 6.30M | Nov 2023 | PIPE vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.17% | 523.56M | Nov 2022 | PIPE vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.59% | 1.08B | Nov 2022 | PIPE vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.12% | 152.76M | Apr 2024 | PIPE vs MDST |
Lowest Drawdown Alternatives to PIPE
PIPE has a 1-year max drawdown of -7.33%. There are 11 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -4.12%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -4.12% | 523.56M | Nov 2022 | PIPE vs EIPX | |
| iShares North American Natural Resources ETF | -5.54% | 803.30M | Oct 2001 | PIPE vs IGE | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | PIPE vs BILD | |
| TrueShares Eagle Global Renewable Energy Income ET... | -6.06% | 7.72M | Dec 2022 | PIPE vs RNWZ | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.08B | Nov 2022 | PIPE vs BKGI |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | PIPE vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | PIPE vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | PIPE vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | PIPE vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | PIPE vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | PIPE vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 54 | 15.48% | 18.88B | Dec 2005 | PIPE vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 21 | 4.38% | 3.23B | Oct 2012 | PIPE vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 37 | 8.54% | 8.37B | Oct 2005 | PIPE vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | PIPE vs XMMO |
Often Compared With PIPE
Investors most often compare PIPE with PSCE, EMKT, GSUI. These 20 comparison targets span 15 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