ZAPR vs PIPE
Comparison between Innovator Equity Defined Protection ETF 1 Yr April (ZAPR, ETF) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE, ETF).
ZAPR vs PIPE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ZAPR vs PIPE - Holdings Comparison
ZAPR and PIPE have 0 common holdings. Overlap is 0.00%
ZAPR's top 25 holdings weight is 97.37%. PIPE's top 25 holdings weight is 98.91%.
| Rank | ZAPR | PIPE |
|---|---|---|
| #1 | VANGUARD S&P 500 ETF (VOO) - 97.37% | TARGA RESOURCES CORP (TRGP) - 7.77% |
| #2 | N/A | WILLIAMS COMPANIES INC (WMB) - 6.34% |
| #3 | N/A | TC ENERGY CORP (n/a) - 6.14% |
| #4 | N/A | PLAINS GP HOLDINGS LP CLASS A (PAGP) - 6.03% |
| #5 | N/A | KODIAK GAS SERVICES INC (KGS) - 4.95% |
| #6 | N/A | KEYERA CORP (KEYUF) - 4.85% |
| #7 | N/A | PEMBINA PIPELINE CORP (n/a) - 4.78% |
| #8 | N/A | ONEOK INC (OKE) - 4.66% |
| #9 | N/A | ENBRIDGE INC (n/a) - 4.60% |
| #10 | N/A | KINDER MORGAN INC CLASS P (KMI) - 4.48% |
| #11 | N/A | ENERGY TRANSFER LP (ET) - 4.39% |
| #12 | N/A | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 4.21% |
| #13 | N/A | CHENIERE ENERGY INC (LNG) - 4.08% |
| #14 | N/A | MPLX LP PARTNERSHIP UNITS (MPLX) - 3.86% |
| #15 | N/A | SOUTH BOW CORP (SOBO) - 3.85% |
| #16 | N/A | ANTERO MIDSTREAM CORP (AM) - 3.18% |
| #17 | N/A | GENESIS ENERGY LP (GEL) - 3.10% |
| #18 | N/A | SUNOCOCORP LLC COMMON UNITS (SUNC) - 3.08% |
| #19 | N/A | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.66% |
| #20 | N/A | KINETIK HOLDINGS INC (KNTK) - 2.58% |
| #21 | N/A | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 2.35% |
| #22 | N/A | ALTAGAS LTD (n/a) - 2.07% |
| #23 | N/A | ARCHROCK INC (AROC) - 2.05% |
| #24 | N/A | HESS MIDSTREAM LP CLASS A (HESM) - 1.57% |
| #25 | N/A | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 1.28% |
| Total Holdings | 1 | 26 |
ZAPR vs PIPE - Historical Returns
Returns include dividend reinvestment.
ZAPR vs PIPE - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | ZAPR | PIPE |
|---|---|---|
| 2026 | +3.63% | +29.42% |
| 2025 | +5.29% | +0.16% |
ZAPR vs PIPE Drawdown Comparison
The maximum drawdown for ZAPR was -1.72%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.
The maximum drawdown for PIPE was -15.69%, occurring on Apr 8, 2025. Recovery took 201 trading sessions.
The current ZAPR drawdown is -0.07%. The current PIPE drawdown is -1.58%.
| Rank | ZAPR | PIPE |
|---|---|---|
| #1 | -1.72% Apr 2, 2025 - Apr 29, 2025 | -15.69% Apr 2, 2025 - Jan 21, 2026 |
| #2 | -0.48% May 15, 2025 - Jun 4, 2025 | -7.21% May 19, 2026 - May 29, 2026 |
| #3 | -0.40% Nov 12, 2025 - Nov 25, 2025 | -5.80% Feb 20, 2025 - Mar 17, 2025 |
| #4 | -0.38% May 29, 2026 - Jun 15, 2026 | -5.61% Mar 30, 2026 - Apr 30, 2026 |
| #5 | -0.30% Jun 15, 2026 - Jun 30, 2026 | -3.63% Apr 30, 2026 - May 14, 2026 |
| #6 | -0.23% Apr 17, 2026 - Apr 28, 2026 | -1.78% Mar 2, 2026 - Mar 19, 2026 |
| #7 | -0.22% Oct 6, 2025 - Oct 20, 2025 | -1.48% Mar 24, 2025 - Apr 2, 2025 |
| #8 | -0.22% Oct 27, 2025 - Nov 10, 2025 | -1.41% Jan 29, 2026 - Feb 3, 2026 |
| #9 | -0.21% Jan 9, 2026 - Jan 22, 2026 | -0.88% Mar 20, 2025 - Mar 24, 2025 |
| #10 | -0.21% Feb 10, 2026 - Feb 24, 2026 | -0.61% Mar 19, 2026 - Mar 23, 2026 |
| #11 | -0.20% Jun 18, 2025 - Jun 23, 2025 | -0.37% Feb 13, 2026 - Feb 19, 2026 |
| #12 | -0.20% May 2, 2025 - May 12, 2025 | -0.16% Feb 11, 2026 - Feb 13, 2026 |
| #13 | -0.18% Jun 12, 2025 - Jun 18, 2025 | -0.16% Feb 23, 2026 - Feb 26, 2026 |
| #14 | -0.17% May 18, 2026 - May 21, 2026 | -0.12% Mar 26, 2026 - Mar 30, 2026 |
| #15 | -0.16% Aug 28, 2025 - Sep 4, 2025 | -0.09% Mar 17, 2025 - Mar 19, 2025 |
Correlation
Correlation between ZAPR and PIPE is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
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