MILN vs QQQ
Global X Millennial Consumer ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MILN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $104M | $496.3B | |
| Dividend Yield | 0.31% | 0.44% | |
| Holdings | 83 | 108 | |
| YTD Return | -0.10% | +16.64% | |
| 1Y Return | -4.67% | +27.27% | |
| 3Y Return (annualized) | +14.93% | +25.96% | |
| 5Y Return (annualized) | +1.36% | +14.54% | |
| Volatility (annualized) | 20.2% | 30.6% | |
| Max Drawdown | -44.4% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 4, 2016 | Mar 10, 1999 |
MILN vs QQQ Performance
Global X Millennial Consumer ETF (MILN) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MILN returned -4.67% while QQQ returned +27.27%. Year to date, MILN is down 0.10% versus a gain of 16.64% for QQQ.
Over three years, MILN compounded at +14.93% per year against +25.96% for QQQ; over five years the annualized figures are +1.36% and +14.54% respectively. Across the full 10-year window we track, QQQ has the edge at +13.03% annualized vs +11.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.2% for MILN. 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 -44.4% for MILN and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MILN charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, MILN currently yields 0.31% against 0.44% for QQQ.
Holdings Overlap
MILN and QQQ share 12 holdings out of 171 unique holdings combined, representing a 18.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MILN or QQQ?
MILN has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, MILN or QQQ?
Over the past year MILN returned -4.67% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), MILN annualized +11.87% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MILN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.2% for MILN. Worst drawdown: MILN -44.4% vs QQQ -83.0%.
Should I hold both MILN and QQQ?
MILN and QQQ have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MILN and QQQ?
MILN and QQQ share 12 common holdings with a 18.2% weight overlap. Combined, they hold 171 unique securities.
Which pays a higher dividend, MILN or QQQ?
MILN yields 0.31% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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