PIPE vs TSMU

Comparison between Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE, ETF) and T-REX 2X LONG TSM DAILY TARGET ETF (TSMU, ETF).

PIPE vs TSMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIPE(ETF)	TSMU(ETF)
Net Assets	$65M	$64M
Expense Ratio	0.75%	N/A
Max Drawdown	15.69%	63.73%
Sharpe Ratio	1.75	1.41
5Y Beta	0.45	3.27
P/E Ratio	27.34	N/A
Forward P/E	18.14	N/A
PEG Ratio	1.00	N/A
P/S Ratio	0.78	N/A
P/B Ratio	3.72	N/A

Net Assets

Winner

PIPE

$65M

TSMU

$64M

Expense Ratio

PIPE

0.75%

TSMU

N/A

Max Drawdown

Winner

PIPE

15.69%

TSMU

63.73%

Sharpe Ratio

Winner

PIPE

1.75

TSMU

1.41

5Y Beta

Winner

PIPE

0.45

TSMU

3.27

P/E Ratio

PIPE

27.34

TSMU

N/A

Forward P/E

PIPE

18.14

TSMU

N/A

PEG Ratio

PIPE

1.00

TSMU

N/A

P/S Ratio

PIPE

0.78

TSMU

N/A

P/B Ratio

PIPE

3.72

TSMU

N/A

PIPE vs TSMU - Historical Returns

Returns include dividend reinvestment.

Period	PIPE	TSMU
1 month	+4.35%	-20.67%
3 months	+10.07%	+20.91%
6 months	+26.65%	+43.05%
1 year	+36.25%	+135.18%
Max(CAGR)	+20.95%	+88.93%

Winner

PIPE

+4.35%

TSMU

-20.67%

PIPE

+10.07%

Winner

TSMU

+20.91%

PIPE

+26.65%

Winner

TSMU

+43.05%

PIPE

+36.25%

Winner

TSMU

+135.18%

Max(CAGR)

PIPE

+20.95%

Winner

TSMU

+88.93%

PIPE vs TSMU - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	PIPE	TSMU
2026	+29.42%	+47.14%
2025	+0.16%	+68.62%
2024	N/A	+3.04%

PIPE vs TSMU Drawdown Comparison

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

The maximum drawdown for TSMU was -63.73%, occurring on Apr 8, 2025. Recovery took 120 trading sessions.

The current PIPE drawdown is -1.58%. The current TSMU drawdown is -22.85%.

Rank	PIPE	TSMU
#1	-15.69% Apr 2, 2025 - Jan 21, 2026	-63.73% Jan 23, 2025 - Jul 17, 2025
#2	-7.21% May 19, 2026 - May 29, 2026	-35.18% Feb 25, 2026 - Apr 24, 2026
#3	-5.80% Feb 20, 2025 - Mar 17, 2025	-32.19% Jun 30, 2026 - Jul 17, 2026
#4	-5.61% Mar 30, 2026 - Apr 30, 2026	-21.65% Oct 8, 2025 - Jan 2, 2026
#5	-3.63% Apr 30, 2026 - May 14, 2026	-17.22% Jun 2, 2026 - Jun 18, 2026
#6	-1.78% Mar 2, 2026 - Mar 19, 2026	-17.03% Jan 6, 2025 - Jan 22, 2025
#7	-1.48% Mar 24, 2025 - Apr 2, 2025	-16.14% Jul 17, 2025 - Sep 9, 2025
#8	-1.41% Jan 29, 2026 - Feb 3, 2026	-15.16% Jun 22, 2026 - Jun 30, 2026
#9	-0.88% Mar 20, 2025 - Mar 24, 2025	-13.31% May 6, 2026 - May 27, 2026
#10	-0.61% Mar 19, 2026 - Mar 23, 2026	-12.01% Dec 5, 2024 - Dec 23, 2024
#11	-0.37% Feb 13, 2026 - Feb 19, 2026	-11.48% Nov 12, 2024 - Dec 2, 2024
#12	-0.16% Feb 11, 2026 - Feb 13, 2026	-10.52% Jan 16, 2026 - Feb 6, 2026
#13	-0.16% Feb 23, 2026 - Feb 26, 2026	-9.69% Dec 23, 2024 - Jan 3, 2025
#14	-0.12% Mar 26, 2026 - Mar 30, 2026	-7.74% Feb 11, 2026 - Feb 24, 2026
#15	-0.09% Mar 17, 2025 - Mar 19, 2025	-6.73% Sep 23, 2025 - Oct 1, 2025