MILN vs. DBE
MILN (Global X Millennial Consumer ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MILN is a Large Cap Growth Equities fund tracking the Indxx Millennials Thematic Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, MILN returned 11.30%/yr vs 11.15%/yr for DBE. At a 0.13 correlation, their price movements are largely independent. MILN charges 0.50%/yr vs 0.78%/yr for DBE.
Performance
MILN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, MILN achieves a -4.59% return, which is significantly lower than DBE's 66.08% return. Both investments have delivered pretty close results over the past 10 years, with MILN having a 11.30% annualized return and DBE not far behind at 11.15%.
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%
DBE
- 1D
- 6.87%
- 1M
- -1.18%
- 6M
- 62.18%
- YTD
- 66.08%
- 1Y
- 53.22%
- 3Y*
- 17.13%
- 5Y*
- 16.54%
- 10Y*
- 11.15%
MILN vs. DBE - 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% |
DBE Invesco DB Energy Fund | 66.08% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between MILN and DBE is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 6, 2016 | 0.13 |
The correlation between MILN and DBE shifts across timeframes, from -0.31 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MILN vs. DBE — Risk / Return Rank
MILN
DBE
MILN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.26 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.16 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.72 | 6.57 | -7.29 |
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Drawdowns
MILN vs. DBE - Drawdown Comparison
The maximum MILN drawdown since its inception was -44.40%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MILN and DBE.
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Drawdown Indicators
| MILN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -86.69% | +42.29% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -24.72% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | -24.72% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -38.74% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | -60.84% | +16.44% |
Current DrawdownCurrent decline from peak | -11.54% | -36.95% | +25.41% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -57.20% | +46.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 8.13% | +2.76% |
Volatility
MILN vs. DBE - Volatility Comparison
The current volatility for Global X Millennial Consumer ETF (MILN) is 6.36%, while Invesco DB Energy Fund (DBE) has a volatility of 12.49%. This indicates that MILN experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MILN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 12.49% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 32.73% | -18.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 36.03% | -18.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 29.89% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 28.40% | -6.36% |
MILN vs. DBE - Expense Ratio Comparison
MILN has a 0.50% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
MILN vs. DBE - Dividend Comparison
MILN's dividend yield for the trailing twelve months is around 0.31%, less than DBE's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.33% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 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 DBE have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.49%) compared to MILN (6.36%). In terms of maximum drawdown, MILN dropped -44.40% vs DBE's -86.69%.
On 10-year performance, MILN leads with 11.30% vs 11.15% for DBE. On fees, MILN is cheaper at 0.50% per year. On volatility, MILN has been the lower-risk option at 6.36%. 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 11.15%. 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 0.78% for DBE.
DBE has the higher dividend yield at 2.33%, compared with 0.31% for MILN.
MILN is categorized as Large Cap Growth Equities, while DBE is Oil & Gas. MILN tracks Indxx Millennials Thematic Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for MILN and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.49 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.
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