MILN vs. FMAG
Compare and contrast key facts about Global X Millennial Consumer ETF (MILN) and Fidelity Magellan ETF (FMAG).
MILN and FMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MILN is a passively managed fund by Global X that tracks the performance of the Indxx Millennials Thematic Index. It was launched on May 4, 2016. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MILN or FMAG.
Key characteristics
| MILN | FMAG | |
|---|---|---|
| YTD Return | 16.92% | 26.77% |
| 1Y Return | 36.82% | 43.53% |
| 3Y Return (Ann) | -1.60% | 9.69% |
| Sharpe Ratio | 2.00 | 2.50 |
| Daily Std Dev | 16.96% | 16.22% |
| Max Drawdown | -44.40% | -32.93% |
| Current Drawdown | -8.38% | -0.16% |
Correlation
The correlation between MILN and FMAG is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MILN vs. FMAG - Performance Comparison
In the year-to-date period, MILN achieves a 16.92% return, which is significantly lower than FMAG's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MILN vs. FMAG - Expense Ratio Comparison
MILN has a 0.50% expense ratio, which is lower than FMAG's 0.59% expense ratio.
Risk-Adjusted Performance
MILN vs. FMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) and Fidelity Magellan ETF (FMAG). 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.
Dividends
MILN vs. FMAG - Dividend Comparison
MILN's dividend yield for the trailing twelve months is around 0.31%, more than FMAG's 0.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MILN Global X Millennial Consumer ETF | 0.31% | 0.33% | 0.24% | 0.15% | 0.21% | 0.43% | 0.43% | 0.89% | 0.32% |
FMAG Fidelity Magellan ETF | 0.20% | 0.34% | 0.23% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MILN vs. FMAG - Drawdown Comparison
The maximum MILN drawdown since its inception was -44.40%, which is greater than FMAG's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for MILN and FMAG. For additional features, visit the drawdowns tool.
Volatility
MILN vs. FMAG - Volatility Comparison
The current volatility for Global X Millennial Consumer ETF (MILN) is 4.14%, while Fidelity Magellan ETF (FMAG) has a volatility of 5.36%. This indicates that MILN experiences smaller price fluctuations and is considered to be less risky than FMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.