GQGU vs MILN
GQG US Equity ETF vs Global X Millennial Consumer ETF
Which is better, GQGU or MILN?
GQGU has been ahead.
GQGU has a lower expense ratio. GQGU led over 1Y and the full window. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 57.2%.
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 | GQGU | MILN |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.50% |
| AUM | $584M | $89M |
| Dividend Yield | 0.95% | 0.33% |
| Holdings | 77 | 164 |
| YTD Return | +5.40%Best | -7.25% |
| 1Y Return | +3.28%Best | -10.86% |
| 3Y Return (annualized) | - | +12.75% |
| 5Y Return (annualized) | - | -0.22% |
| Volatility (annualized) | 11.8%Best | 15.1% |
| Max Drawdown | -8.4%Best | -22.3% |
| $10,000 over 1.3 years | $10,428Best | $8,842 |
| Top 10 Weight | 57.2% | 33.8%Best |
| Fund Family | GQG Partners LLC | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 31, 2019 | May 4, 2016 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 14, 2025 to Oct 14, 2026 (1.3 years).
GQGU 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 1.3 years both funds cover.
GQGU vs MILN Performance
GQG US Equity ETF (GQGU) is an ETF from GQG Partners LLC and Global X Millennial Consumer ETF (MILN) is an ETF from Global X by mirae Asset. Over the past year GQGU returned +3.28% while MILN returned -10.86%. Year to date, GQGU is up 5.40% versus a loss of 7.25% for MILN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MILN has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.8% for GQGU. 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 -8.4% for GQGU and -22.3% 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 -0.11. They move largely independently of each other.
Fees and Cost Over Time
GQGU charges 0.49% per year while MILN charges 0.50%. On a $10,000 position that is $49 vs $50 annually, a gap of $1 per year that compounds over a long holding period. On income, GQGU currently yields 0.95% against 0.33% for MILN.
Holdings Overlap
16.3% of GQGU's money is in holdings MILN also owns. 10.6% of MILN's money is in holdings GQGU also owns.
GQGU and MILN share little of their money.
3 positions in common, counted across the 38 positions we hold weights for in GQGU and 80 in MILN, against full books of 77 and 164.
What only one of them owns
Our book lists 75 positions for MILN that do not appear in our book for GQGU (85.2% of the fund), and 33 for GQGU that do not appear in MILN (80.7%).
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 GQGU 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, GQGU or MILN?
GQGU has an expense ratio of 0.49% while MILN charges 0.50%. GQGU is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, GQGU or MILN?
Over the past year GQGU returned +3.28% vs -10.86% for MILN, so GQGU leads on 1-year performance. Over the longest common window we track (1 years), GQGU annualized +3.28% vs -9.03% for MILN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQGU or MILN?
MILN has been the more volatile fund at 15.1% annualized versus 11.8% for GQGU. Worst drawdown: GQGU -8.4% vs MILN -22.3%.
Should I hold both GQGU and MILN?
GQGU and MILN have a monthly-return correlation of -0.11, 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 GQGU and MILN?
16.3% of GQGU's money is in holdings MILN also owns. 10.6% of MILN's is in holdings GQGU also owns. They hold 3 positions in common, counted across the 38 positions we hold weights for in GQGU and 80 in MILN.
Which pays a higher dividend, GQGU or MILN?
GQGU yields 0.95% while MILN yields 0.33%, so GQGU currently pays the higher dividend yield.
Is MILN better than GQGU?
GQGU has a lower expense ratio. GQGU led over 1Y and the full window. MILN is less concentrated, with 33.8% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.