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
$ 97.1 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 | 6.0 % |
| APPLE INC | 4.1 % |
| AMAZON.COM INC | 3.8 % |
| META PLATFORMS INC | 3.4 % |
| AIRBNB, INC. CLASS A | 3.3 % |
| WALT DISNEY CO/THE | 3.3 % |
| STARBUCKS CORP | 3.3 % |
| NETFLIX INC | 3.2 % |
| LOWE'S COS INC | 3.2 % |
| CARVANA CO. CLASS A | 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 | 94.9 % |
 |
LUXEMBOURG | 2.5 % |
 |
SINGAPORE | 2.2 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -13.4% | -5.7% | 2.0% | 11.0% | 0.3% | -- | -- | 10.7% |
| Dividend Yield | 0.0% | 0.2% | 0.2% | 0.3% | 0.2% | -- | -- | 0.4% |
| Total Returns | -13.4% | -5.5% | 2.2% | 11.3% | 0.5% | -- | -- | 11.1% | Ann. Volatility | 20.9% | 22.1% | 19.8% | 18.9% | 22.7% | -- | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 79% |
| MSCI EAFE | 0.89 | 51% |
| MSCI Emg Mkts | 0.70 | 41% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| 30d moving avg. (EMA) | $41.76 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.23/-0.56 |
| Bollinger Bands (Upper/Lower) | $42.70/$39.42 |
| Short interest (% of AUM) | 0.1% |
Distributions
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 | 35.4% | +10 bp | +0.2% |
| BUYZ | Franklin Disruptive Commerce ETF | 33.6% | 0 bp | -1.3% |
| IBUY | Amplify Online Retail ETF | 32.2% | +15 bp | -1.7% |
| IYC | iShares U.S. Consumer Discretionary ETF | 31.5% | -10 bp | -0.6% |
| ISHP | First Trust Nasdaq Retail ETF | 31.5% | +10 bp | +1.3% |
| FDN | First Trust Dow Jones Internet Index Fund | 31.0% | +2 bp | -1.1% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 31.0% | +25 bp | -1.3% |
| LGRO | Level Four Large Cap Growth Active ETF | 28.8% | +5 bp | +0.1% |
| IEDI | iShares U.S. Consumer Focused ETF | 26.4% | -32 bp | +1.1% |
| RND | First Trust Bloomberg R&D Leaders ETF | 26.0% | +10 bp | -1.4% |
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 4/15/2026
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
4.8%
ALTAR SCORE™
36th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,201 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. MILN's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places MILN in the 36th percentile
among funds in the category.
Sell-Side Consensus
$53.64
PRICE TARGET
+22.6%
UPSIDE