MILN vs. DBC
MILN (Global X Millennial Consumer ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - MILN is a Large Cap Growth Equities fund tracking the Indxx Millennials Thematic Index, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. Over the past 10 years, MILN returned 11.30%/yr vs 8.42%/yr for DBC. At a 0.18 correlation, their price movements are largely independent. MILN charges 0.50%/yr vs 0.85%/yr for DBC.
Performance
MILN vs. DBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MILN achieves a -4.59% return, which is significantly lower than DBC's 26.70% return. Over the past 10 years, MILN has outperformed DBC with an annualized return of 11.30%, while DBC has yielded a comparatively lower 8.42% annualized return.
MILN
- 1D
- -0.09%
- 1M
- 5.32%
- 6M
- -7.09%
- YTD
- -4.59%
- 1Y
- -7.84%
- 3Y*
- 10.68%
- 5Y*
- 0.83%
- 10Y*
- 11.30%
DBC
- 1D
- 2.94%
- 1M
- -0.77%
- 6M
- 22.16%
- YTD
- 26.70%
- 1Y
- 30.09%
- 3Y*
- 11.04%
- 5Y*
- 11.23%
- 10Y*
- 8.42%
MILN vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MILN Global X Millennial Consumer ETF | -4.59% | 4.63% | 27.11% | 36.27% | -38.55% | 13.99% | 44.77% | 32.24% | 2.57% | 24.48% |
DBC Invesco DB Commodity Index Tracking Fund | 26.70% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between MILN and DBC is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 6, 2016 | 0.18 |
The correlation between MILN and DBC shifts across timeframes, from -0.21 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MILN vs. DBC — Risk / Return Rank
MILN
DBC
MILN vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) and Invesco DB Commodity Index Tracking Fund (DBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MILN | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.83 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.72 | 6.41 | -7.13 |
Loading charts...
Drawdowns
MILN vs. DBC - Drawdown Comparison
The maximum MILN drawdown since its inception was -44.40%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for MILN and DBC.
Loading charts...
Drawdown Indicators
| MILN | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -76.36% | +31.96% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -16.54% | -5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | -16.54% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -27.34% | -17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -41.71% | -2.69% |
Current DrawdownCurrent decline from peak | -11.54% | -26.71% | +15.17% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -46.13% | +35.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 4.71% | +6.18% |
Volatility
MILN vs. DBC - Volatility Comparison
Global X Millennial Consumer ETF (MILN) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 6.36% and 6.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MILN | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 6.07% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 16.67% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 18.84% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 19.28% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 17.80% | +4.24% |
MILN vs. DBC - Expense Ratio Comparison
MILN has a 0.50% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
MILN vs. DBC - Dividend Comparison
MILN's dividend yield for the trailing twelve months is around 0.31%, less than DBC's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.63% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% |
MILN Global X Millennial Consumer ETF | 0.31% | 0.25% | 0.22% | 0.33% | 0.24% | 0.15% | 0.21% | 0.43% | 0.43% | 0.89% | 0.32% |
Frequently Asked Questions
MILN and DBC have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MILN has higher volatility (6.36%) compared to DBC (6.07%). In terms of maximum drawdown, MILN dropped -44.40% vs DBC's -76.36%.
On 10-year performance, MILN leads with 11.30% vs 8.42% for DBC. On fees, MILN is cheaper at 0.50% per year. On volatility, DBC has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MILN has performed better with a 11.30% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MILN is cheaper with a 0.50% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.63%, compared with 0.31% for MILN.
MILN is categorized as Large Cap Growth Equities, while DBC is Commodities. MILN tracks Indxx Millennials Thematic Index, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for MILN and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (1.61 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MILN and DBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer