TSMU vs PIPE

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

TSMU vs PIPE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

TSMU

$64M

Winner

PIPE

$65M

Expense Ratio

TSMU

N/A

PIPE

0.75%

Max Drawdown

TSMU

63.73%

Winner

PIPE

15.69%

Sharpe Ratio

TSMU

1.41

Winner

PIPE

1.75

5Y Beta

TSMU

3.27

Winner

PIPE

0.45

P/E Ratio

TSMU

N/A

PIPE

27.34

Forward P/E

TSMU

N/A

PIPE

18.14

PEG Ratio

TSMU

N/A

PIPE

1.00

P/S Ratio

TSMU

N/A

PIPE

0.78

P/B Ratio

TSMU

N/A

PIPE

3.72

TSMU vs PIPE - Historical Returns

Returns include dividend reinvestment.

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

TSMU

-20.67%

Winner

PIPE

+4.35%

Winner

TSMU

+20.91%

PIPE

+10.07%

Winner

TSMU

+43.05%

PIPE

+26.65%

Winner

TSMU

+135.18%

PIPE

+36.25%

Max(CAGR)

Winner

TSMU

+88.93%

PIPE

+20.95%

TSMU vs PIPE - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

TSMU vs PIPE Drawdown Comparison

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

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

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

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