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ETFs

Global X Funds Global X Millennial Consumer ETF

MILN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 04 2016
Expense Ratio
0.50%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$245,912
AUM
$96,934,000
Associated Index
Indxx Millennials Thematic Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SBUX
Starbucks Corp.
4.65%
BKNG
Booking Holdings Inc
4.50%
FISV
Fiserv, Inc.
4.26%
ATVI
Activision Blizzard Inc
3.91%
HD
Home Depot, Inc.
3.75%
LOW
Lowe`s Cos., Inc.
3.72%
NKE
Nike, Inc. - Ordinary Shares - Class B
3.71%
UBER
Uber Technologies Inc
3.68%
AAPL
Apple Inc
3.64%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.61%
Invest with MILN

What is MILN?

The Global X Millennial Consumer ETF (MILN) seeks to invest in companies that have a high likelihood of benefiting from the rising spending power and unique preferences of the U.S. Millennial generation (birth years ranging from 1980-2000). These companies come from a broad range of categories, including: social media and entertainment, food and dining, clothing and apparel, health and fitness, travel and mobility, education and employment, housing and home goods, and financial services. The Global X Millennials Thematic ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Millennials Thematic Index.

ETFs related toMILN

ETFs correlated to MILN include PNQI, FDN, WEBL

MILN
Global X Funds - Global X Millennial Consumer ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMILN

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with MILN using Composer

FAQ

MILN is a US Equities ETF. The Global X Millennial Consumer ETF (MILN) seeks to invest in companies that have a high likelihood of benefiting from the rising spending power and unique preferences of the U.S. Millennial generation (birth years ranging from 1980-2000). These companies come from a broad range of categories, including: social media and entertainment, food and dining, clothing and apparel, health and fitness, travel and mobility, education and employment, housing and home goods, and financial services. The Global X Millennials Thematic ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Millennials Thematic Index.

MILN tracks the Indxx Millennials Thematic Index.

No, MILN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MILN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MILN is -0.0208%. This is the percent change in the value of MILN over the most recent 1-month period. The 3-month return on MILN is 0.09%. This is the percent change in the value of MILN over the most recent 3-month period.

The standard deviation of MILN for the past year is 0.3231%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MILN include SPHQ, QUAL, and SUSA.

ETFs correlated to MILN include PNQI, FDN, and WEBL.

ETFs that are inversely correlated to MILN include WEBS, HIBS, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.