MILN vs. IBIC
MILN (Global X Millennial Consumer ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - MILN is a Large Cap Growth Equities fund tracking the Indxx Millennials Thematic Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, MILN returned -7.03% vs 4.38% for IBIC. At a correlation of -0.01, they often move in opposite directions. MILN charges 0.50%/yr vs 0.10%/yr for IBIC.
Performance
MILN vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, MILN achieves a -7.80% return, which is significantly lower than IBIC's 2.39% return.
MILN
- 1D
- 1.79%
- 1M
- 0.28%
- YTD
- -7.80%
- 6M
- -7.93%
- 1Y
- -7.03%
- 3Y*
- 11.34%
- 5Y*
- 1.09%
- 10Y*
- 11.46%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MILN vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MILN Global X Millennial Consumer ETF | -7.80% | 4.63% | 27.11% | 10.51% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between MILN and IBIC is -0.15, 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 | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.01 |
The correlation between MILN and IBIC shifts across timeframes, from -0.15 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MILN vs. IBIC — Risk / Return Rank
MILN
IBIC
MILN vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.32 | ||
| Sortino ratioReturn per unit of downside risk | -9.31 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 2.21 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 16.41 | -16.71 |
| Martin ratioReturn relative to average drawdown | -0.63 | 58.11 | -58.74 |
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Drawdowns
MILN vs. IBIC - Drawdown Comparison
The maximum MILN drawdown since its inception was -44.40%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for MILN and IBIC.
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Drawdown Indicators
| MILN | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -0.90% | -43.50% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -0.27% | -22.05% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.40% | — | — |
Current DrawdownCurrent decline from peak | -14.51% | -0.11% | -14.40% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -0.10% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.39% | 0.08% | +10.31% |
Volatility
MILN vs. IBIC - Volatility Comparison
Global X Millennial Consumer ETF (MILN) has a higher volatility of 5.40% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that MILN's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MILN | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 0.16% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 0.67% | +12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 0.89% | +16.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.69% | 1.57% | +21.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 1.57% | +20.47% |
MILN vs. IBIC - Expense Ratio Comparison
MILN has a 0.50% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
MILN vs. IBIC - Dividend Comparison
MILN's dividend yield for the trailing twelve months is around 0.27%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MILN Global X Millennial Consumer ETF | 0.27% | 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 IBIC have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MILN has higher volatility (5.40%) compared to IBIC (0.16%). In terms of maximum drawdown, MILN dropped -44.40% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -7.03% for MILN. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.38% return vs -7.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.50% for MILN.
IBIC has the higher dividend yield at 3.59%, compared with 0.27% for MILN.
MILN is categorized as Large Cap Growth Equities, while IBIC is Inflation-Protected Bonds. MILN tracks Indxx Millennials Thematic Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for MILN and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.38), 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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