JHDG vs PIPE

Comparison between JOHN HANCOCK HEDGED EQUITY ETF (JHDG, ETF) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE, ETF).

JHDG vs PIPE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JHDG(ETF)	PIPE(ETF)
Net Assets	$64M	$64M
Expense Ratio	0.49%	0.75%
Max Drawdown	26.51%	15.69%
Sharpe Ratio	-0.37	1.63
5Y Beta	0.70	0.50
P/E Ratio	27.19	27.14
Forward P/E	22.03	17.28
PEG Ratio	0.61	0.99
5Y EPS CAGR	26.92%	N/A
Debt to Equity	12.72%	N/A
P/S Ratio	2.76	0.76
P/B Ratio	4.83	3.62

Net Assets

JHDG

$64M

PIPE

$64M

Expense Ratio

Winner

JHDG

0.49%

PIPE

0.75%

Max Drawdown

JHDG

26.51%

Winner

PIPE

15.69%

Sharpe Ratio

JHDG

-0.37

Winner

PIPE

1.63

5Y Beta

JHDG

0.70

Winner

PIPE

0.50

P/E Ratio

JHDG

27.19

Winner

PIPE

27.14

Forward P/E

JHDG

22.03

Winner

PIPE

17.28

PEG Ratio

Winner

JHDG

0.61

PIPE

0.99

5Y EPS CAGR

JHDG

26.92%

PIPE

N/A

Debt to Equity

JHDG

12.72%

PIPE

N/A

P/S Ratio

JHDG

2.76

Winner

PIPE

0.76

P/B Ratio

JHDG

4.83

Winner

PIPE

3.62

JHDG vs PIPE - Holdings Comparison

JHDG and PIPE have 1 common holdings. Overlap is -0.18%

JHDG's top 25 holdings weight is 75.40%. PIPE's top 25 holdings weight is 99.18%.

Rank	JHDG	PIPE
#1	ALPHABET INC CLASS A (GOOGL) - 7.80%	TARGA RESOURCES CORP (TRGP) - 7.66%
#2	MICROSOFT CORP (MSFT) - 6.98%	WILLIAMS COMPANIES INC (WMB) - 6.55%
#3	AMAZON.COM INC (AMZN) - 6.92%	TC ENERGY CORP (n/a) - 5.96%
#4	BROADCOM INC (AVGO) - 4.08%	PLAINS GP HOLDINGS LP CLASS A (PAGP) - 5.85%
#5	JPMORGAN CHASE & CO (JPM) - 3.98%	ONEOK INC (OKE) - 4.96%
#6	COSTCO WHOLESALE CORP (COST) - 3.80%	KODIAK GAS SERVICES INC (KGS) - 4.85%
#7	NVIDIA CORP (NVDA) - 3.21%	CHENIERE ENERGY INC (LNG) - 4.82%
#8	ELI LILLY AND CO (LLY) - 3.11%	PEMBINA PIPELINE CORP (n/a) - 4.62%
#9	PALO ALTO NETWORKS INC (PANW) - 3.11%	KINDER MORGAN INC CLASS P (KMI) - 4.57%
#10	MARVELL TECHNOLOGY INC (MRVL) - 2.95%	ENBRIDGE INC (n/a) - 4.50%
#11	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.81%	ENERGY TRANSFER LP (ET) - 4.47%
#12	WALMART INC (WMT) - 2.68%	KEYERA CORP (n/a) - 4.35%
#13	MICRON TECHNOLOGY INC (MU) - 2.52%	ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 4.28%
#14	APPLIED MATERIALS INC (AMAT) - 2.41%	MPLX LP PARTNERSHIP UNITS (MPLX) - 3.84%
#15	QNITY ELECTRONICS INC (Q) - 2.34%	SOUTH BOW CORP (SOBO) - 3.54%
#16	EQT CORP (EQT) - 2.15%	GENESIS ENERGY LP (GEL) - 3.46%
#17	ARISTA NETWORKS INC (ANET) - 1.91%	ANTERO MIDSTREAM CORP (AM) - 3.21%
#18	VALERO ENERGY CORP (VLO) - 1.82%	SUNOCOCORP LLC COMMON UNITS (SUNC) - 3.04%
#19	BURLINGTON STORES INC (BURL) - 1.82%	KINETIK HOLDINGS INC (KNTK) - 2.75%
#20	FREEPORT-MCMORAN INC (FCX) - 1.73%	WESTERN MIDSTREAM PARTNERS LP (WES) - 2.61%
#21	LINDE PLC (LIN) - 1.59%	DT MIDSTREAM INC ORDINARY SHARES (DTM) - 2.40%
#22	AMETEK INC (AME) - 1.46%	ARCHROCK INC (AROC) - 2.30%
#23	MEDTRONIC PLC (MDT) - 1.46%	ALTAGAS LTD (n/a) - 1.92%
#24	SCHNEIDER ELECTRIC SE ADR (SBGSY) - 1.41%	HESS MIDSTREAM LP CLASS A (HESM) - 1.58%
#25	AMERICAN TOWER CORP (AMT) - 1.35%	GIBSON ENERGY INC (n/a) - 1.09%
Total Holdings	127	26

JHDG vs PIPE - Historical Returns

Returns include dividend reinvestment.

Period	JHDG	PIPE
1 month	+0.67%	-0.98%
3 months	N/A	+3.69%
6 months	N/A	+24.48%
1 year	N/A	+29.08%
5 years(CAGR)	+0.85%	N/A
10 years(CAGR)	+2.58%	N/A
Max(CAGR)	+1.07%	+19.95%

Winner

JHDG

+0.67%

PIPE

-0.98%

JHDG

N/A

PIPE

+3.69%

JHDG

N/A

PIPE

+24.48%

JHDG

N/A

PIPE

+29.08%

5Y(CAGR)

JHDG

+0.85%

PIPE

N/A

10Y(CAGR)

JHDG

+2.58%

PIPE

N/A

Max(CAGR)

JHDG

+1.07%

Winner

PIPE

+19.95%

JHDG vs PIPE - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	JHDG	PIPE
2026	+5.80%	+25.01%
2025	N/A	+0.16%
2019	+7.48%	N/A
2018	-16.99%	N/A
2017	+20.12%	N/A
2016	+3.60%	N/A
2015	-3.73%	N/A

JHDG vs PIPE Drawdown Comparison

The maximum drawdown for JHDG was -25.13%, occurring on Jun 27, 2016. Recovery took 457 trading sessions.

The maximum drawdown for PIPE was -15.69%, occurring on Apr 8, 2025. Recovery took 201 trading sessions.

The current JHDG drawdown is -9.48%. The current PIPE drawdown is -4.94%.

Rank	JHDG	PIPE
#1	-25.13% Aug 10, 2015 - Jun 2, 2017	-15.69% Apr 2, 2025 - Jan 21, 2026
#2	-23.51% Jan 17, 2018 - Dec 24, 2018	-7.21% May 19, 2026 - May 29, 2026
#3	-8.30% Jun 23, 2015 - Aug 10, 2015	-5.80% Feb 20, 2025 - Mar 17, 2025
#4	-3.72% Nov 8, 2017 - Jan 4, 2018	-5.61% Mar 30, 2026 - Apr 30, 2026
#5	-3.36% Apr 22, 2015 - May 18, 2015	-3.63% Apr 30, 2026 - May 14, 2026
#6	-3.19% Aug 8, 2017 - Sep 12, 2017	-1.78% Mar 2, 2026 - Mar 19, 2026
#7	-2.68% May 27, 2015 - Jun 23, 2015	-1.48% Mar 24, 2025 - Apr 2, 2025
#8	-2.02% Jun 2, 2017 - Jun 27, 2017	-1.41% Jan 29, 2026 - Feb 3, 2026
#9	-1.40% Apr 9, 2015 - Apr 21, 2015	-0.88% Mar 20, 2025 - Mar 24, 2025
#10	-1.01% Oct 24, 2017 - Oct 31, 2017	-0.61% Mar 19, 2026 - Mar 23, 2026
#11	-0.97% Jun 27, 2017 - Jul 3, 2017	-0.37% Feb 13, 2026 - Feb 19, 2026
#12	-0.90% Jan 8, 2018 - Jan 17, 2018	-0.16% Feb 11, 2026 - Feb 13, 2026
#13	-0.83% Jul 20, 2017 - Aug 1, 2017	-0.16% Feb 23, 2026 - Feb 26, 2026
#14	-0.81% Jul 3, 2017 - Jul 12, 2017	-0.12% Mar 26, 2026 - Mar 30, 2026
#15	-0.76% Jul 13, 2017 - Jul 20, 2017	-0.09% Mar 17, 2025 - Mar 19, 2025

Correlation

Correlation between JHDG and PIPE is -0.98 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.98

-101