MILN vs. QQQ
Compare and contrast key facts about Global X Millennial Consumer ETF (MILN) and Invesco QQQ (QQQ).
MILN and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both MILN and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MILN or QQQ.
Key characteristics
| MILN | QQQ | |
|---|---|---|
| YTD Return | 16.92% | 18.15% |
| 1Y Return | 36.82% | 35.55% |
| 3Y Return (Ann) | -1.60% | 10.33% |
| 5Y Return (Ann) | 10.89% | 21.22% |
| Sharpe Ratio | 2.00 | 1.86 |
| Daily Std Dev | 16.96% | 17.79% |
| Max Drawdown | -44.40% | -82.98% |
| Current Drawdown | -8.38% | -4.08% |
Correlation
The correlation between MILN and QQQ is 0.83, 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. QQQ - Performance Comparison
In the year-to-date period, MILN achieves a 16.92% return, which is significantly lower than QQQ's 18.15% 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. QQQ - Expense Ratio Comparison
MILN has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MILN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
MILN's dividend yield for the trailing twelve months is around 0.31%, less than QQQ's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MILN Global X Millennial Consumer ETF | 0.31% | 0.33% | 0.24% | 0.15% | 0.21% | 0.43% | 0.43% | 0.89% | 0.32% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.49% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
MILN vs. QQQ - Drawdown Comparison
The maximum MILN drawdown since its inception was -44.40%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MILN and QQQ. For additional features, visit the drawdowns tool.
Volatility
MILN vs. QQQ - Volatility Comparison
The current volatility for Global X Millennial Consumer ETF (MILN) is 4.14%, while Invesco QQQ (QQQ) has a volatility of 6.43%. This indicates that MILN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.