MLPX vs PIPE

Global X MLP & Energy Infrastructure 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

72%

21 shared positions

Fee gap

30 bp

MLPX is cheaper

1-year return gap

4.0 pts

PIPE is ahead

Larger fund

MLPX

$3.6B

Side by side

	MLPX	PIPE
Fund	Global X MLP & Energy Infrastructure ETF	Invesco SteelPath MLP & Energy Infrastructure ETF
Issuer	Global X	Invesco
Category	MLPs & Midstream	MLPs & Midstream
Expense ratio	0.45%	0.75%
Assets	$3.6B	$65M
Average daily dollar volume	$22M	$60K
Listed	Aug 6, 2013	Feb 18, 2025
FrenzyCap score	72	19
1-month return	+1.8%	+0.9%
3-month return	−5.0%	−4.8%
Year to date	+21.7%	+23.8%
1-year return	+24.4%	+28.4%
30-day volatility	17.8%	18.0%
Worst drawdown, 1 year	−10.1%	−9.8%
Trailing 12-month yield	4.16%	3.89%
Holdings	31	27
Top 10 weight	67.7%	56.3%
Look-through P/E	18.1	21.3
Holdings vs fair value	+19.3%	+8.3%
Holdings above 200-day average	66%	62%
Net flow, latest 3 reported months	+$286M thru May 2026	+$1.5M thru Jul 2026
30-day implied volatility	23.4%	—
Holdings as of	as of Oct 21, 2026issuer data	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

91% of MLPX · 88% of PIPE

Holding	MLPX	PIPE
TRGP	8.13%	8.79%
WMB	9.14%	6.16%
TRP	9.18%	5.67%
OKE	6.43%	5.08%
PBA	4.78%	5.08%
KMI	7.57%	4.76%
LNG	4.76%	5.07%
ET	4.35%	4.41%
EPD	4.40%	4.17%
MPLX	4.56%	4.07%
ENB	8.78%	3.96%
WES	3.40%	2.72%
SOBO	2.16%	3.64%
AM	2.04%	3.08%
DTM	3.77%	2.03%
PAGP	1.61%	6.72%
AROC	1.52%	1.77%
KGS	1.47%	3.46%
HESM	1.19%	1.26%
KNTK	1.05%	3.02%
GEL	0.51%	2.86%

Sector mix of the stock holdings

Sector	MLPX	PIPE	Gap
Utilities	66.9%	48.9%	+18.0%
Energy	27.9%	13.9%	+14.0%
Financials	0.0%	4.5%	−4.5%

More: full overlap table · MLPX 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.