MILN
Global X Millennial Consumer ETF
The Global X Millennials Thematic ETF tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials--people born between 1980 and 2000.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 92.2 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | May 04, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALPHABET INC. CLASS A | 5.8 % |
| APPLE INC | 4.0 % |
| STARBUCKS CORP | 3.5 % |
| AMAZON.COM INC | 3.4 % |
| WALT DISNEY CO/THE | 3.4 % |
| META PLATFORMS INC | 3.3 % |
| AIRBNB, INC. CLASS A | 3.3 % |
| UBER TECHNOLOGIES, INC. | 3.1 % |
| LOWE'S COS INC | 3.1 % |
| COSTCO WHOLESALE CORP | 3.1 % |
Constituent Breakdown
| Number of holdings | 79 |
| Herfindahl-Hirschman Index | 252 |
| Wgt avg mkt cap (mns) | $591,898 |
| Large cap (>$10bn) | 86.2% |
| Mid cap ($2-10bn) | 10.9% |
| Small cap (<$2bn) | 2.8% |
| Developed mkts. | 100.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.4 % |
 |
LUXEMBOURG | 2.8 % |
 |
SINGAPORE | 2.3 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -7.4% | -7.7% | 6.8% | 14.6% | 1.8% | -- | -- | 11.5% |
| Dividend Yield | 0.0% | 0.2% | 0.3% | 0.3% | 0.2% | -- | -- | 0.4% |
| Total Returns | -7.4% | -7.5% | 7.1% | 14.9% | 2.0% | -- | -- | 11.9% | Ann. Volatility | 20.7% | 22.9% | 19.5% | 18.9% | 22.8% | -- | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 80% |
| MSCI EAFE | 1.01 | 53% |
| MSCI Emg Mkts | 0.83 | 43% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.29% |
Technical Indicators
| 30d moving avg. (EMA) | $43.42 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -0.73/-0.69 |
| Bollinger Bands (Upper/Lower) | $43.96/$41.43 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MILN |
Expenses vs. MILN |
ALTAR Score™ vs. MILN |
|---|---|---|---|---|
| PNQI | Invesco NASDAQ Internet ETF | 35.1% | +10 bp | +0.0% |
| BUYZ | Franklin Disruptive Commerce ETF | 33.0% | 0 bp | -1.4% |
| IBUY | Amplify Online Retail ETF | 32.0% | +15 bp | -1.7% |
| ISHP | First Trust Nasdaq Retail ETF | 31.4% | +10 bp | +1.2% |
| IYC | iShares U.S. Consumer Discretionary ETF | 31.3% | -10 bp | -0.6% |
| FDN | First Trust Dow Jones Internet Index Fund | 29.7% | +2 bp | -1.2% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 29.6% | +25 bp | -1.4% |
| LGRO | Level Four Large Cap Growth Active ETF | 28.5% | +5 bp | 0.0% |
| IEDI | iShares U.S. Consumer Focused ETF | 26.3% | -32 bp | +0.9% |
| RND | First Trust Bloomberg R&D Leaders ETF | 25.4% | +10 bp | -1.5% |
Risk and Returns: MILN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/16/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.0%
ALTAR SCORE™
37th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,190 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. MILN's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places MILN in the 37th percentile
among funds in the category.
Sell-Side Consensus
$54.71
PRICE TARGET
+32.3%
UPSIDE