PIPE vs. POW

Last updated Jul 14, 2026

PIPE (Invesco SteelPath MLP & Energy Infrastructure ETF) and POW (VistaShares Electrification Supercycle ETF) are both exchange-traded funds - PIPE is a Energy Equities fund actively managed by Invesco, while POW is a Actively Managed fund actively managed by VistaShares. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

PIPE vs. POW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and VistaShares Electrification Supercycle ETF (POW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIPE achieves a 29.69% return, which is significantly lower than POW's 38.93% return.

PIPE

• 1D: 1.39%
• 1M: 1.89%
• 6M: 30.75%
• YTD: 29.69%
• 1Y: 33.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

POW

• 1D: -3.60%
• 1M: -8.76%
• 6M: 31.71%
• YTD: 38.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PIPE vs. POW - Yearly Performance Comparison

	2026 (YTD)	2025
PIPE Invesco SteelPath MLP & Energy Infrastructure ETF	29.69%	4.48%
POW VistaShares Electrification Supercycle ETF	38.93%	-1.70%

Correlation

The correlation between PIPE and POW is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	-0.02

Return for Risk

PIPE vs. POW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIPE

PIPE Risk / Return Rank: 85
PIPE Sharpe Ratio Rank: 88
PIPE Sortino Ratio Rank: 86
PIPE Omega Ratio Rank: 83
PIPE Calmar Ratio Rank: 91
PIPE Martin Ratio Rank: 76

POW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PIPE vs. POW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) and VistaShares Electrification Supercycle ETF (POW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PIPE	POW	Difference
Sharpe ratio: Return per unit of total volatility	2.29	—	—
Sortino ratio: Return per unit of downside risk	3.10	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.62	—	—
Martin ratio: Return relative to average drawdown	11.17	—	—

Drawdowns

PIPE vs. POW - Drawdown Comparison

The maximum PIPE drawdown since its inception was -15.69%, smaller than the maximum POW drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for PIPE and POW.

Drawdown Indicators

	PIPE	POW	Difference
Max Drawdown Largest peak-to-trough decline	-15.69%	-18.37%	+2.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.33%	—	—
Current Drawdown Current decline from peak	-2.29%	-18.37%	+16.08%
Average Drawdown Average peak-to-trough decline	-4.02%	-4.33%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	—	—

Volatility

Volatility by Period

	PIPE	POW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.87%	32.94%	-18.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	32.94%	-14.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	32.94%	-14.23%

PIPE vs. POW - Expense Ratio Comparison

Both PIPE and POW have an expense ratio of 0.75%.

Dividends

PIPE vs. POW - Dividend Comparison

PIPE's dividend yield for the trailing twelve months is around 3.66%, more than POW's 0.14% yield.

Position	TTM	2025
PIPE Invesco SteelPath MLP & Energy Infrastructure ETF	3.66%	3.74%
POW VistaShares Electrification Supercycle ETF	0.14%	0.19%

Frequently Asked Questions

Can I hold both PIPE and POW in my portfolio?

PIPE and POW have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PIPE or POW?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PIPE or POW?

PIPE and POW have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, PIPE or POW?

PIPE has the higher dividend yield at 3.66%, compared with 0.14% for POW.

What is the main difference between PIPE and POW?

PIPE is categorized as Energy Equities, while POW is Actively Managed. They also come from different issuers: Invesco and VistaShares.