PIPE vs VTI
Invesco SteelPath MLP & Energy Infrastructure ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. PIPE delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PIPE | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $66M | $666.9B | |
| Dividend Yield | 3.73% | 1.07% | |
| Holdings | 29 | 3,543 | |
| YTD Return | +26.39% | +13.48% | |
| 1Y Return | +28.11% | +19.90% | |
| 3Y Return (annualized) | - | +20.94% | |
| 5Y Return (annualized) | - | +11.75% | |
| Volatility (annualized) | 14.3% | 15.3% | |
| Max Drawdown | -15.7% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 20, 2025 | May 24, 2001 |
PIPE vs VTI Performance
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PIPE returned +28.11% while VTI returned +19.90%. Year to date, PIPE is up 26.39% versus a gain of 13.48% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.3% 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 -15.7% for PIPE and -56.6% for VTI. 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 -0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PIPE charges 0.75% per year while VTI charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, PIPE currently yields 3.73% against 1.07% for VTI.
Holdings Overlap
PIPE and VTI share 9 holdings out of 2804 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PIPE or VTI?
PIPE has an expense ratio of 0.75% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, PIPE or VTI?
Over the past year PIPE returned +28.11% vs +19.90% for VTI, so PIPE leads on 1-year performance. Over the longest common window we track (2 years), PIPE annualized +17.23% vs +8.10% for VTI. Past performance does not guarantee future results.
Which is riskier, PIPE or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 14.3% for PIPE. Worst drawdown: PIPE -15.7% vs VTI -56.6%.
Should I hold both PIPE and VTI?
PIPE and VTI have a monthly-return correlation of -0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PIPE and VTI?
PIPE and VTI share 9 common holdings with a 0.5% weight overlap. Combined, they hold 2804 unique securities.
Which pays a higher dividend, PIPE or VTI?
PIPE yields 3.73% while VTI yields 1.07%, so PIPE currently pays the higher dividend yield.
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