PIPE vs JHDG

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

PIPE vs JHDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PIPE

$64M

JHDG

$64M

Expense Ratio

PIPE

0.75%

Winner

JHDG

0.49%

Max Drawdown

Winner

PIPE

15.69%

JHDG

26.51%

Sharpe Ratio

Winner

PIPE

1.63

JHDG

-0.37

5Y Beta

Winner

PIPE

0.50

JHDG

0.70

P/E Ratio

Winner

PIPE

27.14

JHDG

27.19

Forward P/E

Winner

PIPE

17.28

JHDG

22.03

PEG Ratio

PIPE

0.99

Winner

JHDG

0.61

5Y EPS CAGR

PIPE

N/A

JHDG

26.92%

Debt to Equity

PIPE

N/A

JHDG

12.72%

P/S Ratio

Winner

PIPE

0.76

JHDG

2.76

P/B Ratio

Winner

PIPE

3.62

JHDG

4.83

PIPE vs JHDG - Holdings Comparison

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

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

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

PIPE vs JHDG - Historical Returns

Returns include dividend reinvestment.

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

PIPE

-0.98%

Winner

JHDG

+0.67%

PIPE

+3.69%

JHDG

N/A

PIPE

+24.48%

JHDG

N/A

PIPE

+29.08%

JHDG

N/A

5Y(CAGR)

PIPE

N/A

JHDG

+0.85%

10Y(CAGR)

PIPE

N/A

JHDG

+2.58%

Max(CAGR)

Winner

PIPE

+19.95%

JHDG

+1.07%

PIPE vs JHDG - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

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

PIPE vs JHDG Drawdown Comparison

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

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

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

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

Correlation

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

-0.98

-101