MLPI vs PIPE
NEOS MLP & Energy Infrastructure High Income ETF against Invesco SteelPath MLP & Energy Infrastructure ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
65%
17 shared positions
Fee gap
7 bp
MLPI is cheaper
1-year return gap
—
Larger fund
MLPI
$676M
Side by side
| MLPI | PIPE | |
|---|---|---|
| Fund | NEOS MLP & Energy Infrastructure High Income ETF | Invesco SteelPath MLP & Energy Infrastructure ETF |
| Issuer | NEOS | Invesco |
| Category | Covered Call | MLPs & Midstream |
| Expense ratio | 0.68% | 0.75% |
| Assets | $676M | $65M |
| Average daily dollar volume | $19M | $60K |
| Listed | Dec 17, 2025 | Feb 18, 2025 |
| FrenzyCap score | 63 | 19 |
| 1-month return | +0.1% | +0.9% |
| 3-month return | −6.5% | −4.8% |
| Year to date | +4.1% | +23.8% |
| 1-year return | — | +28.4% |
| 30-day volatility | 17.5% | 18.0% |
| Worst drawdown, 1 year | −13.9% | −9.8% |
| Trailing 12-month yield | 13.90% | 3.89% |
| Holdings | 28 | 27 |
| Top 10 weight | 62.1% | 56.3% |
| Look-through P/E | 21.6 | 21.3 |
| Holdings vs fair value | +22.5% | +8.3% |
| Holdings above 200-day average | 60% | 62% |
| Net flow, latest 3 reported months | +$213M thru Jun 2026 | +$1.5M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
82% of MLPI · 76% of PIPE
Sector mix of the stock holdings
| Sector | MLPI | PIPE | Gap |
|---|---|---|---|
| Utilities | 62.9% | 48.9% | +14.0% |
| Energy | 26.6% | 13.9% | +12.6% |
| Financials | 0.0% | 4.5% | −4.5% |
More: full overlap table · MLPI holdings · PIPE holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.