FMAG vs MILN
Fidelity Magellan ETF vs Global X Millennial Consumer ETF
Which is better, FMAG or MILN?
FMAG has been ahead.
MILN has a lower expense ratio. FMAG led over 1Y, 3Y, 5Y and the full window. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 44.0%.
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 | FMAG | MILN |
|---|---|---|
| Expense Ratio | 0.57% | 0.50%Best |
| AUM | $243M | $89M |
| Dividend Yield | 0.00% | 0.33% |
| Holdings | 52 | 164 |
| YTD Return | +4.66%Best | -7.25% |
| 1Y Return | +3.01%Best | -10.86% |
| 3Y Return (annualized) | +17.63%Best | +12.75% |
| 5Y Return (annualized) | +9.04%Best | -0.22% |
| Volatility (annualized) | 17.8%Best | 20.6% |
| Max Drawdown | -32.9%Best | -44.4% |
| $10,000 over 5 years | $15,414Best | $9,890 |
| Top 10 Weight | 44.0% | 33.8%Best |
| Fund Family | Fidelity Investments (US) | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | May 4, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2021 to Oct 14, 2026 (5.7 years).
FMAG 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 5.7 years both funds cover.
FMAG vs MILN Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and Global X Millennial Consumer ETF (MILN) is an ETF from Global X by mirae Asset. Over the past year FMAG returned +3.01% while MILN returned -10.86%. Year to date, FMAG is up 4.66% versus a loss of 7.25% for MILN.
Over three years, FMAG compounded at +17.63% per year against +12.75% for MILN; over five years the annualized figures are +9.04% and -0.22% respectively. Across the full 6-year window we track, FMAG has the edge at +10.77% annualized vs +1.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MILN has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 17.8% for FMAG. 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 -32.9% for FMAG 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMAG charges 0.57% per year while MILN charges 0.50%. On a $10,000 position that is $57 vs $50 annually, a gap of $7 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.33% for MILN.
Holdings Overlap
10.3% of FMAG's money is in holdings MILN also owns. 6.5% of MILN's money is in holdings FMAG also owns.
FMAG and MILN share little of their money.
2 positions in common, counted across the 50 positions we hold weights for in FMAG and 80 in MILN, against full books of 52 and 164.
What only one of them owns
Our book lists 76 positions for MILN that do not appear in our book for FMAG (89.3% of the fund), and 47 for FMAG that do not appear in MILN (87.1%).
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 FMAG 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, FMAG or MILN?
FMAG has an expense ratio of 0.57% while MILN charges 0.50%. MILN is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, FMAG or MILN?
Over the past year FMAG returned +3.01% vs -10.86% for MILN, so FMAG leads on 1-year performance. Over the longest common window we track (6 years), FMAG annualized +10.77% vs +1.64% for MILN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or MILN?
MILN has been the more volatile fund at 20.6% annualized versus 17.8% for FMAG. Worst drawdown: FMAG -32.9% vs MILN -44.4%.
Should I hold both FMAG and MILN?
FMAG and MILN have a monthly-return correlation of 0.85, 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 FMAG and MILN?
10.3% of FMAG's money is in holdings MILN also owns. 6.5% of MILN's is in holdings FMAG also owns. They hold 2 positions in common, counted across the 50 positions we hold weights for in FMAG and 80 in MILN.
Which pays a higher dividend, FMAG or MILN?
FMAG yields 0.00% while MILN yields 0.33%, so MILN currently pays the higher dividend yield.
Is MILN better than FMAG?
MILN has a lower expense ratio. FMAG led over 1Y, 3Y, 5Y and the full window. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.