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
110.2 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 04, 2016 |
| Assets (mns) | $110 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Market Cap |
| 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 | 5.3 % |
| APPLE INC | 4.1 % |
| AMAZON.COM INC | 3.3 % |
| UBER TECHNOLOGIES, INC. | 3.3 % |
| WALT DISNEY CO/THE | 3.3 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 3.2 % |
| INTUIT INC | 3.1 % |
| NETFLIX INC | 3.1 % |
| NIKE INC -CL B | 3.0 % |
| META PLATFORMS INC | 3.0 % |
Constituent Breakdown
| Number of holdings | 79 |
| Herfindahl-Hirschman Index | 245 |
| Wgt avg mkt cap (mns) | $505,971 |
| Large cap (>$10bn) | 84.9% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.4 % |
 |
SINGAPORE | 3.2 % |
 |
LUXEMBOURG | 2.9 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.8% | -0.6% | 19.2% | 18.0% | 5.8% | -- | -- | 12.7% |
| Dividend Yield | 0.0% | 0.2% | 0.4% | 0.3% | 0.2% | -- | -- | 0.3% |
| Total Returns | 3.9% | -0.4% | 19.6% | 18.4% | 6.1% | -- | -- | 13.0% | Ann. Volatility | 23.2% | 22.8% | 19.5% | 19.4% | 22.9% | -- | -- | 22.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.37 | 78% |
| MSCI EAFE | 0.89 | 37% |
| MSCI Emg Mkts | 0.89 | 35% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.28% |
Technical Indicators
| 30d moving avg. (EMA) | $46.67 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.65/-0.83 |
| Bollinger Bands (Upper/Lower) | $47.88/$44.14 |
| 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 | +3.6% |
| BUYZ | Franklin Disruptive Commerce ETF | 32.7% | 0 bp | +2.6% |
| IBUY | Amplify Online Retail ETF | 31.7% | +15 bp | +2.7% |
| IYC | iShares U.S. Consumer Discretionary ETF | 31.5% | -10 bp | +4.0% |
| LOGO | Alpha Brands Consumption Leaders ETF | 30.6% | +19 bp | +3.2% |
| PJFG | PGIM Jennison Focused Growth ETF | 30.0% | +25 bp | +2.8% |
| ISHP | First Trust Nasdaq Retail ETF | 29.8% | +10 bp | +5.6% |
| QGRO | American Century U.S. Quality Growth ETF | 28.9% | -21 bp | +3.8% |
| FDN | First Trust Dow Jones Internet Index Fund | 28.7% | +2 bp | +3.4% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 28.6% | +25 bp | +3.2% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 12/1/2025
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
MILN
4.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1011 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. MILN's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places MILN in the 27th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MILNSELL
U/W
HOLD
O/W
BUY