WEEI vs. PIPE

Last updated Jul 14, 2026

WEEI (Westwood Salient Enhanced Energy Income ETF) and PIPE (Invesco SteelPath MLP & Energy Infrastructure ETF) are both Energy Equities funds. Both are actively managed. Over the past year, WEEI returned 22.28% vs 33.75% for PIPE. A 0.69 correlation means they provide meaningful diversification when combined. WEEI charges 0.85%/yr vs 0.75%/yr for PIPE.

Performance

WEEI vs. PIPE - Performance Comparison

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

Returns By Period

In the year-to-date period, WEEI achieves a 16.10% return, which is significantly lower than PIPE's 29.69% return.

WEEI

• 1D: 2.24%
• 1M: -0.89%
• 6M: 13.51%
• YTD: 16.10%
• 1Y: 22.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIPE

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

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

WEEI vs. PIPE - Yearly Performance Comparison

	2026 (YTD)	2025
WEEI Westwood Salient Enhanced Energy Income ETF	16.10%	4.57%
PIPE Invesco SteelPath MLP & Energy Infrastructure ETF	29.69%	0.14%

Correlation

The correlation between WEEI and PIPE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.69

The correlation between WEEI and PIPE has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

WEEI vs. PIPE - Sectors Allocation Comparison

Sectors	WEEI	PIPE
Energy	100.0%	88.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	1.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	1.9%

Return for Risk

WEEI vs. PIPE — Risk / Return Rank

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

WEEI

WEEI Risk / Return Rank: 53
WEEI Sharpe Ratio Rank: 57
WEEI Sortino Ratio Rank: 52
WEEI Omega Ratio Rank: 52
WEEI Calmar Ratio Rank: 55
WEEI Martin Ratio Rank: 50

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

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.

WEEI vs. PIPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE). 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.

	WEEI	PIPE	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.29	-0.76
Sortino ratio: Return per unit of downside risk	2.04	3.10	-1.06
Omega ratio: Gain probability vs. loss probability	1.26	1.39	-0.13
Calmar ratio: Return relative to maximum drawdown	2.18	4.62	-2.44
Martin ratio: Return relative to average drawdown	6.68	11.17	-4.49

WEEI vs. PIPE - Sharpe Ratio Comparison

The current WEEI Sharpe Ratio is 1.53, which is lower than the PIPE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of WEEI and PIPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEEI vs. PIPE - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, which is greater than PIPE's maximum drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for WEEI and PIPE.

Drawdown Indicators

	WEEI	PIPE	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-15.69%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-7.33%	-2.94%
Current Drawdown Current decline from peak	-5.00%	-2.29%	-2.71%
Average Drawdown Average peak-to-trough decline	-4.30%	-4.02%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.03%	+0.32%

Volatility

WEEI vs. PIPE - Volatility Comparison

Westwood Salient Enhanced Energy Income ETF (WEEI) has a higher volatility of 6.00% compared to Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) at 5.54%. This indicates that WEEI's price experiences larger fluctuations and is considered to be riskier than PIPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEEI	PIPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.54%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	11.65%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.70%	14.87%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	18.71%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	18.71%	-0.34%

WEEI vs. PIPE - Expense Ratio Comparison

WEEI has a 0.85% expense ratio, which is higher than PIPE's 0.75% expense ratio.

Dividends

WEEI vs. PIPE - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.60%, more than PIPE's 3.66% yield.

Position	TTM	2025	2024
PIPE Invesco SteelPath MLP & Energy Infrastructure ETF	3.66%	3.74%	0.00%
WEEI Westwood Salient Enhanced Energy Income ETF	11.60%	12.59%	7.20%

Frequently Asked Questions

Can I hold both WEEI and PIPE in my portfolio?

WEEI and PIPE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEI or PIPE?

WEEI has higher volatility (6.00%) compared to PIPE (5.54%). In terms of maximum drawdown, WEEI dropped -18.78% vs PIPE's -15.69%.

Which ETF is better, WEEI or PIPE?

On 1-year performance, PIPE leads with 33.75% vs 22.28% for WEEI. On fees, PIPE is cheaper at 0.75% per year. On volatility, PIPE has been the lower-risk option at 5.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEI or PIPE?

Over the 1-year period, PIPE has performed better with a 33.75% return vs 22.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEI or PIPE?

PIPE is cheaper with a 0.75% expense ratio, compared with 0.85% for WEEI.

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

WEEI has the higher dividend yield at 11.60%, compared with 3.66% for PIPE.

What is the main difference between WEEI and PIPE?

They also come from different issuers: Westwood and Invesco. Their fees differ too: 0.85% for WEEI and 0.75% for PIPE.

Which has better risk-adjusted returns?

PIPE currently has the higher Sharpe Ratio (2.29 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.