MILN Global X Millennial Consumer ETF
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Between Aug 31, 2026 and Oct 30, 2026, MILN lost 5.1%, against −5.1% for its own holdings.
Promise check: Not measuredETFIQ has not yet listed which companies belong to the millennial and Gen Z consumers theme.
MILN risk and return scorecard
vs its own holdings
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Oct 12, 2026What you earned
What did you actually buy?
Millennial and Gen Z consumers · holdings as of Aug 31, 2026More on MILN
Every number below is on this page. Open what you need.Price, 1 year
$46.83+5.7%1 day, priceClose, Nov 4, 2026
Price only. Total return over the same days, distributions reinvested, was +0.9%. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
Points (pts) are percentage points.
| Window | Total return | S&P 500 (SPY) |
|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | +10.1% | −1.0% |
| 3M Aug 5 – Nov 4, 2026 | +1.2% | −0.1% |
| 6M May 6 – Nov 4, 2026 | +6.1% | +5.0% |
| YTD Dec 31, 2025 – Nov 4, 2026 | −0.1% | +13.3% |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +0.9% | +14.8% |
| 3Y Nov 3, 2023 – Nov 4, 2026 | +53.5% | +82.9% |
| 5Y Nov 5, 2021 – Nov 4, 2026 | +4.1% | +75.0% |
| 10Y Nov 4, 2016 – Nov 4, 2026 | +220.4% | +330.8% |
| Since launch May 6, 2016 – Nov 4, 2026 | +226.0% | +341.3% |
| Since launch, annualised May 6, 2016 – Nov 4, 2026 | +11.9% | – |
Total returns, distributions reinvested.
Source: Tiingo end-of-day prices, with distributions reinvested.
How much of its weight does it not share with the S&P 500?
That is the share of the 114 thematic ETFs with at least half their money in S&P 500 companies sitting at or below MILN.
Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. Where the fund sits in this set, not a rating. Do not average it with another category's score.
How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
MILN shares 30 of its 80 holdings with the S&P 500. Counting each at the smaller of its two weights, the two overlap by 15.3%.
Money in and out
Monthly data · as of Oct 12, 2026MILN: from Oct 7, 2026 to Oct 12, 2026, net $427k went out.
Sep 1, 2025 to Aug 31, 2026
monthly, from SEC filings
Sep 1, 2023 to Aug 31, 2026
monthly, from SEC filings
Sep 1, 2021 to Aug 31, 2026
monthly, from SEC filings
monthly, from SEC filings
Computed by ETFIQ from the monthly sales and redemptions MILN files with the SEC on Form N-PORT.
How this is computed
ETFIQ’s daily data for this fund stop on Oct 12, 2026, so its flows are monthly, and the latest month filed is Aug 2026. Every day and month ETFIQ holds for MILN, back to Sep 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare MILN with other funds in the flows tool
Month by month, money in and money outOct 2023 to Oct 2026
MILN, money in and money out each month from Oct 2023 to Oct 2026: two bars a month, money in above the line and money out below. Bars for Oct 2023 to Aug 2026 are from MILN’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Sep 2026 has no data. Of the 36 months listed, money came in on net in 10 and went out in 24.
Bars for Oct 2023 to Aug 2026 are from MILN’s SEC filings (N-PORT item B.6), and for Oct 2026 ETFIQ’s sums of its days. Of the 36 months listed, money came in on net in 10 and went out in 24.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Oct 12, 2026. Updated when the fund files its next report.
MILN key stats
Trading
as of Nov 4, 2026
MILN for holders outside the US
MILN top ten by weight, 33.7% of the fund, of its 80 equity positions, from the holdings filed for Aug 31, 2026. That is 65 days before Nov 4, 2026, older than the issuer’s daily file, which ETFIQ could not read. Source: the fund’s SEC filing.
Source: Holdings filing (SEC Form N-PORT). Data as of Aug 31, 2026.
About MILN
How we measure
12 seats on MILN, as of Nov 4, 2026: 2 Supports, 2 Mixed, 6 Challenges, 2 Not enough data.
Questions people ask about MILN
- How much of MILN is in S&P 500 companies?
- By its holdings filed for Aug 31, 2026, 74% of MILN by weight is stocks the S&P 500 already holds. Its active share against the index is 85%, so that share is the part doing something different.
- What does MILN hold?
- 80 positions as filed for Aug 31, 2026, with the top ten at 34% of the fund. The largest are DOORDASH, INC. at 4.2%, AIRBNB, INC. at 3.9%, SEA LIMITED at 3.7%.
- Has MILN beaten the S&P 500?
- Over the year to Nov 4, 2026 MILN returned +0.9% with distributions reinvested, against +14.8% for the S&P 500, so it finished behind the index by 13.9 points.
- What does MILN cost?
- The prospectus expense ratio is 0.50% a year. Because 85% of the fund differs from the S&P 500, the fee on that differing part works out at 0.59%.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, MILN, thematic ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/miln
ETFIQ. (Nov 4, 2026). MILN, thematic ETFs. Retrieved from https://etfiq.com/funds/miln
[MILN, thematic ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/miln)
The difference bar for MILN, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/themes/miln/" title="MILN: 74% of MILN's weight is in S&P 500 companies and 26% is outside the index. Holdings as of Aug 31, 2026." width="640" height="346" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">MILN: 74% of MILN's weight is in S&P 500 companies and 26% is outside the index. Holdings as of Aug 31, 2026. Data: <a href="https://etfiq.com/funds/miln">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
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