ARKK vs MILN
ARK Innovation ETF vs Global X Millennial Consumer ETF
Which is better, ARKK or MILN?
Each has led over a different period.
MILN has a lower expense ratio. ARKK led over 1Y, 3Y and the full window, MILN over 5Y. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 50.3%.
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 | ARKK | MILN |
|---|---|---|
| Expense Ratio | 0.75% | 0.50%Best |
| AUM | $7.9B | $89M |
| Dividend Yield | 0.00% | 0.33% |
| Holdings | 84 | 164 |
| YTD Return | +7.88%Best | -7.25% |
| 1Y Return | -2.74%Best | -10.86% |
| 3Y Return (annualized) | +29.97%Best | +12.75% |
| 5Y Return (annualized) | -5.92% | -0.22%Best |
| Volatility (annualized) | 37.7% | 20.2%Best |
| Max Drawdown | -80.9% | -44.4%Best |
| $10,000 over 5 years | $7,370 | $9,890Best |
| Top 10 Weight | 50.3% | 33.8%Best |
| Fund Family | Ark Invest | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 31, 2014 | May 4, 2016 |
Volatility and max drawdown are measured over the window both funds cover: May 6, 2016 to Oct 14, 2026 (10.4 years).
ARKK 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 10.4 years both funds cover.
ARKK vs MILN Performance
ARK Innovation ETF (ARKK) 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 ARKK returned -2.74% while MILN returned -10.86%. Year to date, ARKK is up 7.88% versus a loss of 7.25% for MILN.
Over three years, ARKK compounded at +29.97% per year against +12.75% for MILN; over five years the annualized figures are -5.92% and -0.22% respectively. Across the full 10-year window we track, ARKK has the edge at +16.92% annualized vs +10.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARKK has been the more volatile fund, with annualized monthly volatility of 37.7% compared with 20.2% 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 -80.9% for ARKK 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ARKK 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, ARKK currently yields 0.00% against 0.33% for MILN.
Holdings Overlap
5.7% of ARKK's money is in holdings MILN also owns. 8.0% of MILN's money is in holdings ARKK also owns.
MILN and ARKK share little of their money.
3 positions in common, counted across the 41 positions we hold weights for in ARKK and 80 in MILN, against full books of 84 and 164.
What only one of them owns
Our book lists 75 positions for MILN that do not appear in our book for ARKK (87.8% of the fund), and 34 for ARKK that do not appear in MILN (84.4%).
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.
You are not choosing between two funds in isolation.
Whichever of ARKK 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, ARKK or MILN?
ARKK 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, ARKK or MILN?
Over the past year ARKK returned -2.74% vs -10.86% for MILN, so ARKK leads on 1-year performance. Over the longest common window we track (10 years), ARKK annualized +16.92% vs +10.90% for MILN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARKK or MILN?
ARKK has been the more volatile fund at 37.7% annualized versus 20.2% for MILN. Worst drawdown: ARKK -80.9% vs MILN -44.4%.
Should I hold both ARKK and MILN?
ARKK and MILN have a monthly-return correlation of 0.78, 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 ARKK and MILN?
8.0% of MILN's money is in holdings ARKK also owns. 8.0% of MILN's is in holdings ARKK also owns. They hold 3 positions in common, counted across the 41 positions we hold weights for in ARKK and 80 in MILN.
Which pays a higher dividend, ARKK or MILN?
ARKK yields 0.00% while MILN yields 0.33%, so MILN currently pays the higher dividend yield.
Is MILN better than ARKK?
MILN has a lower expense ratio. ARKK led over 1Y, 3Y and the full window, MILN over 5Y. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 50.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.