MILN vs SCHD
Global X Millennial Consumer ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | MILN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $104M | $108.7B | |
| Dividend Yield | 0.31% | 3.13% | |
| Holdings | 83 | 104 | |
| YTD Return | -0.04% | +28.63% | |
| 1Y Return | -5.50% | +32.53% | |
| 3Y Return (annualized) | +14.85% | +16.97% | |
| 5Y Return (annualized) | +1.80% | +10.47% | |
| Volatility (annualized) | 20.2% | 13.7% | |
| Max Drawdown | -44.4% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 4, 2016 | Oct 20, 2011 |
MILN vs SCHD Performance
Global X Millennial Consumer ETF (MILN) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MILN returned -5.50% while SCHD returned +32.53%. Year to date, MILN is down 0.04% versus a gain of 28.63% for SCHD.
Over three years, MILN compounded at +14.85% per year against +16.97% for SCHD; over five years the annualized figures are +1.80% and +10.47% respectively. Across the full 10-year window we track, MILN has the edge at +11.88% annualized vs +11.63%. 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 13.7% for SCHD. 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 -33.4% for SCHD. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MILN charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, MILN currently yields 0.31% against 3.13% for SCHD.
Holdings Overlap
MILN and SCHD share 1 holdings out of 180 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MILN | Weight in SCHD | Difference |
|---|---|---|---|
| HD | 2.85% | 4.32% | 1.47% |
Frequently Asked Questions
Which is cheaper, MILN or SCHD?
MILN has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, MILN or SCHD?
Over the past year MILN returned -5.50% vs +32.53% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), MILN annualized +11.88% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, MILN or SCHD?
MILN has been the more volatile fund at 20.2% annualized versus 13.7% for SCHD. Worst drawdown: MILN -44.4% vs SCHD -33.4%.
Should I hold both MILN and SCHD?
MILN and SCHD have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MILN and SCHD?
MILN and SCHD share 1 common holdings with a 2.9% weight overlap. Combined, they hold 180 unique securities.
Which pays a higher dividend, MILN or SCHD?
MILN yields 0.31% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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