PIPE vs VXUS
Invesco SteelPath MLP & Energy Infrastructure ETF vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. PIPE delivered stronger 1-year returns. VXUS offers more diversification with 8,747 holdings.
Side-by-Side Comparison
| Metric | PIPE | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.05% | |
| AUM | $66M | $158.1B | |
| Dividend Yield | 3.73% | 2.59% | |
| Holdings | 29 | 8,747 | |
| YTD Return | +27.09% | +15.52% | |
| 1Y Return | +29.81% | +26.73% | |
| 3Y Return (annualized) | - | +20.35% | |
| 5Y Return (annualized) | - | +9.40% | |
| Volatility (annualized) | 14.3% | 15.1% | |
| Max Drawdown | -15.7% | -39.9% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 20, 2025 | Jan 26, 2011 |
PIPE vs VXUS Performance
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is a ETF from Invesco (US) and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year PIPE returned +29.81% while VXUS returned +26.73%. Year to date, PIPE is up 27.09% versus a gain of 15.52% for VXUS.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -39.9% for VXUS. 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PIPE charges 0.75% per year while VXUS charges 0.05%. On a $10,000 position that is $75 vs $5 annually, a gap of $70 per year that compounds over a long holding period. On income, PIPE currently yields 3.73% against 2.59% for VXUS.
Holdings Overlap
PIPE and VXUS share 7 holdings out of 7888 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 VXUS?
PIPE has an expense ratio of 0.75% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, PIPE or VXUS?
Over the past year PIPE returned +29.81% vs +26.73% for VXUS, so PIPE leads on 1-year performance. Over the longest common window we track (2 years), PIPE annualized +17.69% vs +4.90% for VXUS. Past performance does not guarantee future results.
Which is riskier, PIPE or VXUS?
VXUS has been the more volatile fund at 15.1% annualized versus 14.3% for PIPE. Worst drawdown: PIPE -15.7% vs VXUS -39.9%.
Should I hold both PIPE and VXUS?
PIPE and VXUS have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PIPE and VXUS?
PIPE and VXUS share 7 common holdings with a 0.5% weight overlap. Combined, they hold 7888 unique securities.
Which pays a higher dividend, PIPE or VXUS?
PIPE yields 3.73% while VXUS yields 2.59%, so PIPE currently pays the higher dividend yield.
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