IVV vs PIPE
IVV vs PIPE
iShares Core S&P 500 ETF vs Invesco SteelPath MLP & Energy Infrastructure ETF
Quick Verdict
IVV has a lower expense ratio. PIPE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PIPE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $865.2B | $65M | |
| Dividend Yield | 1.09% | 3.75% | |
| Holdings | 508 | 28 | |
| YTD Return | +13.80% | +21.47% | |
| 1Y Return | +23.70% | +25.10% | |
| 3Y Return (annualized) | +21.49% | - | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 14.8% | |
| Max Drawdown | -56.5% | -15.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 20, 2025 |
IVV vs PIPE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is a ETF from Invesco (US). Over the past year IVV returned +23.70% while PIPE returned +25.10%. Year to date, IVV is up 13.80% versus a gain of 21.47% for PIPE.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.8% for PIPE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -15.7% for PIPE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PIPE charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.75% for PIPE.
Holdings Overlap
IVV and PIPE share 4 holdings out of 527 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PIPE | Difference |
|---|---|---|---|
| TRGP | 0.09% | 7.89% | 7.80% |
| WMB | 0.14% | 6.08% | 5.94% |
| OKE | 0.09% | 4.81% | 4.72% |
| KMI | Pro | Pro | Pro |
See all 4 holdings IVV shares with PIPE Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or PIPE?
IVV has an expense ratio of 0.03% while PIPE charges 0.75%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or PIPE?
Over the past year IVV returned +23.70% vs +25.10% for PIPE, so PIPE leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.05% vs +14.80% for PIPE. Past performance does not guarantee future results.
Which is riskier, IVV or PIPE?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for PIPE. Worst drawdown: IVV -56.5% vs PIPE -15.7%.
Should I hold both IVV and PIPE?
IVV and PIPE have a monthly-return correlation of -0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PIPE?
IVV and PIPE share 4 common holdings with a 0.4% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, IVV or PIPE?
IVV yields 1.09% while PIPE yields 3.75%, so PIPE currently pays the higher dividend yield.
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