IVV vs MILN
iShares Core S&P 500 ETF vs Global X Millennial Consumer ETF
Which is better, IVV or MILN?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. MILN is less concentrated, with 32.4% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MILN |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $94M |
| Dividend Yield | 1.06% | 0.30% |
| Holdings | 508 | 83 |
| YTD Return | +11.57%Best | -6.25% |
| 1Y Return | +17.57%Best | -11.69% |
| 3Y Return (annualized) | +20.71%Best | +11.21% |
| 5Y Return (annualized) | +12.80%Best | -0.12% |
| Volatility (annualized) | 15.2%Best | 20.2% |
| Max Drawdown | -33.9%Best | -44.4% |
| $10,000 over 5 years | $18,262Best | $9,940 |
| Top 10 Weight | 37.9% | 32.4%Best |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | May 4, 2016 |
Volatility and max drawdown are measured over the window both funds cover: May 6, 2016 to Sep 10, 2026 (10.3 years).
IVV vs MILN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.3 years both funds cover.
IVV vs MILN Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Global X Millennial Consumer ETF (MILN) is an ETF from Global X by mirae Asset. Over the past year IVV returned +17.57% while MILN returned -11.69%. Year to date, IVV is up 11.57% versus a loss of 6.25% for MILN.
Over three years, IVV compounded at +20.71% per year against +11.21% for MILN; over five years the annualized figures are +12.80% and -0.12% respectively. Across the full 10-year window we track, IVV has the edge at +14.27% annualized vs +11.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MILN has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 15.2% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.9% for IVV and -44.4% for MILN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MILN charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.30% for MILN.
Holdings Overlap
20.1% of IVV's money is in holdings MILN also owns. 73.9% of MILN's money is in holdings IVV also owns.
Most of MILN is already inside IVV. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 505 positions we hold weights for in IVV and 81 in MILN, against full books of 508 and 83.
What only one of them owns
Our book lists 49 positions for MILN that do not appear in our book for IVV (22.4% of the fund), and 465 for IVV that do not appear in MILN (79.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MILN | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.86% | 3.30% | 3.56% |
| AMZNAmazon.Com Inc | 4.01% | 3.30% | 0.71% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 3.30% | 0.11% |
| METAMeta Platforms, Inc. | 1.94% | 2.60% | 0.66% |
| DASHDoordash Inc | 0.12% | 3.64% | 3.52% |
| HDHome Depot Inc/The | 0.53% | 2.85% | 2.32% |
| ABNBAirbnb Inc | 0.10% | 3.22% | 3.12% |
| BKNGBooking Holdings, Inc. | 0.24% | 3.06% | 2.82% |
| SBUXStarbucks Corp | 0.18% | 3.01% | 2.83% |
| COSTCostco Wholesale Corp. | 0.63% | 2.55% | 1.92% |
73.9% of MILN is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MILN?
IVV has an expense ratio of 0.03% while MILN charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or MILN?
Over the past year IVV returned +17.57% vs -11.69% for MILN, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +14.27% vs +11.12% for MILN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MILN?
MILN has been the more volatile fund at 20.2% annualized versus 15.2% for IVV. Worst drawdown: IVV -33.9% vs MILN -44.4%.
Should I hold both IVV and MILN?
IVV and MILN have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and MILN?
73.9% of MILN's money is in holdings IVV also owns. 73.9% of MILN's is in holdings IVV also owns. They hold 31 positions in common, counted across the 505 positions we hold weights for in IVV and 81 in MILN.
Which pays a higher dividend, IVV or MILN?
IVV yields 1.06% while MILN yields 0.30%, so IVV currently pays the higher dividend yield.
Is MILN better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. MILN is less concentrated, with 32.4% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.