MILN vs. XYLD

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Millennial Consumer ETF (MILN) and Global X S&P 500 Covered Call ETF (XYLD).

MILN and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013. Both MILN and XYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MILN vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Millennial Consumer ETF (MILN) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

MILN vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MILN Global X Millennial Consumer ETF	-13.38%	4.63%	27.11%	36.27%	-38.55%	13.99%	44.77%	32.24%	2.57%	24.48%
XYLD Global X S&P 500 Covered Call ETF	-1.04%	8.02%	19.49%	11.10%	-12.05%	19.59%	-0.56%	21.41%	-6.09%	16.49%

Returns By Period

In the year-to-date period, MILN achieves a -13.38% return, which is significantly lower than XYLD's -1.04% return.

MILN

• 1D: 3.07%
• 1M: -6.49%
• YTD: -13.38%
• 6M: -17.66%
• 1Y: -5.48%
• 3Y*: 11.26%
• 5Y*: 0.17%
• 10Y*: —

XYLD

• 1D: 2.01%
• 1M: -2.96%
• YTD: -1.04%
• 6M: 5.33%
• 1Y: 10.53%
• 3Y*: 10.21%
• 5Y*: 6.95%
• 10Y*: 7.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MILN vs. XYLD - Expense Ratio Comparison

MILN has a 0.50% expense ratio, which is lower than XYLD's 0.60% expense ratio.

XYLD

Global X S&P 500 Covered Call ETF

MILN

Global X Millennial Consumer ETF

Return for Risk

MILN vs. XYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MILN

MILN Risk / Return Rank: 7
MILN Sharpe Ratio Rank: 7
MILN Sortino Ratio Rank: 7
MILN Omega Ratio Rank: 7
MILN Calmar Ratio Rank: 8
MILN Martin Ratio Rank: 7

XYLD

XYLD Risk / Return Rank: 56
XYLD Sharpe Ratio Rank: 44
XYLD Sortino Ratio Rank: 48
XYLD Omega Ratio Rank: 71
XYLD Calmar Ratio Rank: 47
XYLD Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MILN vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Millennial Consumer ETF (MILN) and Global X S&P 500 Covered Call ETF (XYLD). 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.

	MILN	XYLD	Difference
Sharpe ratio Return per unit of total volatility	-0.25	0.76	-1.01
Sortino ratio Return per unit of downside risk	-0.21	1.22	-1.43
Omega ratio Gain probability vs. loss probability	0.97	1.25	-0.28
Calmar ratio Return relative to maximum drawdown	-0.23	1.10	-1.33
Martin ratio Return relative to average drawdown	-0.64	6.46	-7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MILN vs. XYLD - Sharpe Ratio Comparison

The current MILN Sharpe Ratio is -0.25, which is lower than the XYLD Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of MILN and XYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MILN	XYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.76	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.62	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.57	-0.07

Correlation

The correlation between MILN and XYLD is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MILN vs. XYLD - Dividend Comparison

MILN's dividend yield for the trailing twelve months is around 0.29%, less than XYLD's 10.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MILN Global X Millennial Consumer ETF	0.29%	0.25%	0.22%	0.33%	0.24%	0.15%	0.21%	0.43%	0.43%	0.89%	0.32%	0.00%
XYLD Global X S&P 500 Covered Call ETF	10.98%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Drawdowns

MILN vs. XYLD - Drawdown Comparison

The maximum MILN drawdown since its inception was -44.40%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for MILN and XYLD.

Drawdown Indicators

	MILN	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-44.40%	-33.46%	-10.94%
Max Drawdown (1Y) Largest decline over 1 year	-22.32%	-10.14%	-12.18%
Max Drawdown (5Y) Largest decline over 5 years	-44.40%	-18.66%	-25.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.46%	—
Current Drawdown Current decline from peak	-19.69%	-3.39%	-16.30%
Average Drawdown Average peak-to-trough decline	-10.60%	-3.76%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.06%	1.72%	+6.34%

Volatility

MILN vs. XYLD - Volatility Comparison

Global X Millennial Consumer ETF (MILN) has a higher volatility of 6.36% compared to Global X S&P 500 Covered Call ETF (XYLD) at 4.01%. This indicates that MILN's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MILN	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	4.01%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	5.82%	+7.61%
Volatility (1Y) Calculated over the trailing 1-year period	22.03%	13.99%	+8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.67%	11.31%	+11.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	14.23%	+7.80%