ARKF vs MILN
ARK Blockchain & Fintech Innovation ETF vs Global X Millennial Consumer ETF
Which is better, ARKF or MILN?
Each has led over a different period.
MILN has a lower expense ratio. ARKF led over 3Y and the full window, MILN over 1Y and 5Y.
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 | ARKF | MILN |
|---|---|---|
| Expense Ratio | 0.75% | 0.50%Best |
| AUM | $831M | $89M |
| Dividend Yield | 0.09% | 0.33% |
| Holdings | 41 | 164 |
| YTD Return | -4.67%Best | -7.25% |
| 1Y Return | -17.39% | -10.86%Best |
| 3Y Return (annualized) | +33.87%Best | +12.75% |
| 5Y Return (annualized) | -2.60% | -0.22%Best |
| Volatility (annualized) | 37.9% | 22.2%Best |
| Max Drawdown | -78.6% | -44.4%Best |
| $10,000 over 5 years | $8,766 | $9,890Best |
| Fund Family | Ark Invest | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 1, 2019 | May 4, 2016 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2019 to Oct 14, 2026 (7.7 years).
ARKF 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 7.7 years both funds cover.
ARKF vs MILN Performance
ARK Blockchain & Fintech Innovation ETF (ARKF) is an ETF from Ark Invest and Global X Millennial Consumer ETF (MILN) is an ETF from Global X by mirae Asset. Over the past year ARKF returned -17.39% while MILN returned -10.86%. Year to date, ARKF is down 4.67% versus a loss of 7.25% for MILN.
Over three years, ARKF compounded at +33.87% per year against +12.75% for MILN; over five years the annualized figures are -2.60% and -0.22% respectively. Across the full 8-year window we track, ARKF has the edge at +11.22% annualized vs +9.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARKF has been the more volatile fund, with annualized monthly volatility of 37.9% compared with 22.2% for MILN. 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 -78.6% for ARKF 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ARKF 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, ARKF currently yields 0.09% against 0.33% for MILN.
Holdings Overlap
At least 18.4% of MILN's money is in holdings ARKF also owns.
Stated as a floor: for ARKF, our book for it covers 90.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
MILN and ARKF share little of their money.
6 positions in common, counted across the 37 positions we hold weights for in ARKF and 80 in MILN, against full books of 41 and 164.
You are not choosing between two funds in isolation.
Whichever of ARKF and MILN you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ARKF or MILN?
ARKF 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, ARKF or MILN?
Over the past year ARKF returned -17.39% vs -10.86% for MILN, so MILN leads on 1-year performance. Over the longest common window we track (8 years), ARKF annualized +11.22% vs +9.24% for MILN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARKF or MILN?
ARKF has been the more volatile fund at 37.9% annualized versus 22.2% for MILN. Worst drawdown: ARKF -78.6% vs MILN -44.4%.
Should I hold both ARKF and MILN?
ARKF and MILN have a monthly-return correlation of 0.84, 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 ARKF and MILN?
At least 18.4% of MILN's money is in holdings ARKF also owns. Our book for ARKF is partial, so the real figure is this or higher. They hold 6 positions in common, counted across the 37 positions we hold weights for in ARKF and 80 in MILN.
Which pays a higher dividend, ARKF or MILN?
ARKF yields 0.09% while MILN yields 0.33%, so MILN currently pays the higher dividend yield.
Is MILN better than ARKF?
MILN has a lower expense ratio. ARKF led over 3Y and the full window, MILN over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.