MILN vs QQQ
Global X Millennial Consumer ETF vs Invesco QQQ Trust, Series 1
Which is better, MILN or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. MILN is less concentrated, with 33.5% of the fund in its ten largest positions against 47.2%.
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 | MILN | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $88M | $498.6B |
| Dividend Yield | 0.30% | 0.42% |
| Holdings | 164 | 321 |
| YTD Return | -9.50% | +22.67%Best |
| 1Y Return | -14.77% | +24.33%Best |
| 3Y Return (annualized) | +12.80% | +29.05%Best |
| 5Y Return (annualized) | +0.10% | +17.00%Best |
| Volatility (annualized) | 20.2% | 18.8%Best |
| Max Drawdown | -44.4% | -35.1%Best |
| $10,000 over 5 years | $10,050 | $21,924Best |
| Top 10 Weight | 33.5%Best | 47.2% |
| Fund Family | Global X by mirae Asset | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 4, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 6, 2016 to Oct 2, 2026 (10.4 years).
MILN vs QQQ 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 10.4 years both funds cover.
MILN vs QQQ Performance
Global X Millennial Consumer ETF (MILN) is an ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MILN returned -14.77% while QQQ returned +24.33%. Year to date, MILN is down 9.50% versus a gain of 22.67% for QQQ.
Over three years, MILN compounded at +12.80% per year against +29.05% for QQQ; over five years the annualized figures are +0.10% and +17.00% respectively. Across the full 10-year window we track, QQQ has the edge at +21.11% annualized vs +10.67%.
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 18.8% for QQQ. 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. 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 0.30% against 0.42% for QQQ.
Holdings Overlap
36.6% of MILN's money is in holdings QQQ also owns. 24.0% of QQQ's money is in holdings MILN also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 80 positions we hold weights for in MILN and 102 in QQQ, against full books of 164 and 321.
What only one of them owns
Our book lists 84 positions for QQQ that do not appear in our book for MILN (73.7% of the fund), and 67 for MILN that do not appear in QQQ (59.7%).
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 MILN | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.70% | 7.80% | 4.10% |
| AMZNAmazon.Com Inc | 3.18% | 4.41% | 1.23% |
| GOOGLAlphabet Inc,class A | 3.09% | 3.15% | 0.06% |
| METAMeta Platforms Inc | 2.99% | 3.07% | 0.08% |
| COSTCostco Wholesale Corp. | 2.54% | 1.77% | 0.77% |
| DASHDoordash Inc - A | 3.79% | 0.37% | 3.42% |
| ABNBAirbnb Inc | 3.82% | 0.31% | 3.51% |
| NFLXNetflix, Inc. | 2.20% | 1.44% | 0.76% |
| SBUXStarbucks Corp | 2.95% | 0.50% | 2.45% |
| BKNGBooking Holdings, Inc. | 2.85% | 0.60% | 2.25% |
36.6% of MILN is already inside QQQ.
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, MILN or QQQ?
MILN has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, MILN or QQQ?
Over the past year MILN returned -14.77% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), MILN annualized +10.67% vs +21.11% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MILN or QQQ?
MILN has been the more volatile fund at 20.2% annualized versus 18.8% for QQQ. Worst drawdown: MILN -44.4% vs QQQ -35.1%.
Should I hold both MILN and QQQ?
MILN and QQQ have a monthly-return correlation of 0.82, 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 MILN and QQQ?
36.6% of MILN's money is in holdings QQQ also owns. 24.0% of QQQ's is in holdings MILN also owns. They hold 12 positions in common, counted across the 80 positions we hold weights for in MILN and 102 in QQQ.
Which pays a higher dividend, MILN or QQQ?
MILN yields 0.30% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than MILN?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. MILN is less concentrated, with 33.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.