AIEQ vs MILN
Amplify AI Powered Equity ETF vs Global X Millennial Consumer ETF
Which is better, AIEQ or MILN?
Each has led over a different period.
MILN has a lower expense ratio. AIEQ led over 1Y, 3Y and 5Y, MILN over the full window. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 41.1%.
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 | AIEQ | MILN |
|---|---|---|
| Expense Ratio | 0.75% | 0.50%Best |
| AUM | $116M | $89M |
| Dividend Yield | 0.40% | 0.33% |
| Holdings | 326 | 164 |
| YTD Return | +9.72%Best | -7.25% |
| 1Y Return | +10.97%Best | -10.86% |
| 3Y Return (annualized) | +18.64%Best | +12.75% |
| 5Y Return (annualized) | +3.86%Best | -0.22% |
| Volatility (annualized) | 20.9%Best | 21.6% |
| Max Drawdown | -39.0%Best | -44.4% |
| $10,000 over 5 years | $12,085Best | $9,890 |
| Top 10 Weight | 41.1% | 33.8%Best |
| Fund Family | Amplify ETFs | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 17, 2017 | May 4, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Oct 18, 2017 to Oct 14, 2026 (9 years).
AIEQ vs MILN 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 9 years both funds cover.
AIEQ vs MILN Performance
Amplify AI Powered Equity ETF (AIEQ) is an ETF from Amplify ETFs and Global X Millennial Consumer ETF (MILN) is an ETF from Global X by mirae Asset. Over the past year AIEQ returned +10.97% while MILN returned -10.86%. Year to date, AIEQ is up 9.72% versus a loss of 7.25% for MILN.
Over three years, AIEQ compounded at +18.64% per year against +12.75% for MILN; over five years the annualized figures are +3.86% and -0.22% respectively. Across the full 9-year window we track, MILN has the edge at +10.14% annualized vs +9.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MILN has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 20.9% for AIEQ. 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 -39.0% for AIEQ and -44.4% for MILN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIEQ charges 0.75% per year while MILN charges 0.50%. On a $10,000 position that is $75 vs $50 annually, a gap of $25 per year that compounds over a long holding period. On income, AIEQ currently yields 0.40% against 0.33% for MILN.
Holdings Overlap
16.2% of AIEQ's money is in holdings MILN also owns. 36.1% of MILN's money is in holdings AIEQ also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 163 positions we hold weights for in AIEQ and 80 in MILN, against full books of 326 and 164.
What only one of them owns
Our book lists 65 positions for MILN that do not appear in our book for AIEQ (59.7% of the fund), and 146 for AIEQ that do not appear in MILN (83.2%).
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 AIEQ | Weight in MILN | Difference |
|---|---|---|---|
| UBERUber Technologies Inc | 3.61% | 2.87% | 0.74% |
| NFLXNetflix Inc | 4.25% | 1.99% | 2.26% |
| AAPLApple Inc | 1.24% | 3.88% | 2.64% |
| CVNACarvana Co. Class A | 1.92% | 2.95% | 1.03% |
| GOOGLAlphabet Inc-cl A | 1.49% | 3.27% | 1.78% |
| AMZNAmazon.Com Inc | 1.27% | 3.25% | 1.98% |
| METAMeta Platforms, Inc. | 0.99% | 3.51% | 2.52% |
| CMGChipotle Mexican Grill Inc. Class A | 0.72% | 2.86% | 2.14% |
| PYPLPaypal Holdings Inc | 0.47% | 2.97% | 2.50% |
| SBUXStarbucks Corp Sedol 2842255 | 0.05% | 2.95% | 2.90% |
36.1% of MILN is already inside AIEQ.
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, AIEQ or MILN?
AIEQ has an expense ratio of 0.75% while MILN charges 0.50%. MILN is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, AIEQ or MILN?
Over the past year AIEQ returned +10.97% vs -10.86% for MILN, so AIEQ leads on 1-year performance. Over the longest common window we track (9 years), AIEQ annualized +9.53% vs +10.14% for MILN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AIEQ or MILN?
MILN has been the more volatile fund at 21.6% annualized versus 20.9% for AIEQ. Worst drawdown: AIEQ -39.0% vs MILN -44.4%.
Should I hold both AIEQ and MILN?
AIEQ and MILN have a monthly-return correlation of 0.87, 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 AIEQ and MILN?
36.1% of MILN's money is in holdings AIEQ also owns. 36.1% of MILN's is in holdings AIEQ also owns. They hold 13 positions in common, counted across the 163 positions we hold weights for in AIEQ and 80 in MILN.
Which pays a higher dividend, AIEQ or MILN?
AIEQ yields 0.40% while MILN yields 0.33%, so AIEQ currently pays the higher dividend yield.
Is MILN better than AIEQ?
MILN has a lower expense ratio. AIEQ led over 1Y, 3Y and 5Y, MILN over the full window. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.