Global X Millennials Thematic ETF
ALTAR
Score™
2.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
170.6x P/Sales
ratio
2.6x
P/BV
ratio
7.5x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Millennials Thematic ETF tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials--people born between 1980 and 2000.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date May 04, 2016
Assets (mns) $79
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 82
Wgt avg mkt cap (mns) $202,494
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 11.1%
Small cap (<$2bn) 5.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SPOTIFY TECHNOLOGY SA 4.0 %
PAYPAL HOLDINGS INC 3.8 %
EBAY INC 3.7 %
LOWE'S COS INC 3.3 %
AMAZON.COM INC 3.2 %
SQUARE, INC. CLASS A 3.2 %
APPLE INC 3.1 %
FACEBOOK 3.0 %
LULULEMON ATHLETICA INC 3.0 %
NETFLIX INC 2.9 %
Total 33.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
LUXEMBOURG 4.0 %
BRITAIN 0.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.7% 12.2% -- -- 16.6%

Market Correlations
versus... Beta R-squared
S&P500 1.18 86%
MSCI EAFE 1.15 70%
MSCI Emg. Mkts. 0.82 56%

Technical Indicators
Recent close $28.58
30d moving avg. $27.14
Annualized volatility 21.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 31
Turnover 1.1%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $63,229

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Millennials Thematic ETF ETF based on the alternatives' overlap in portfolio holdings with MILN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MILN Expense: 50 bp ALTAR Score™: 2.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MILN
Ticker Fund
Name
Overlap1
vs MILN
(%)
Expense
ratio
(bp)
Savings
vs MILN
(bp)
ALTAR
Score™
(%)
ALTAR
vs MILN
(%)
JHMC John Hancock Multifactor Consumer Discretionary ETF 32.0 40 10 4.3 +1.9
GENY Principal Millennials Index ETF 30.3 45 5 3.7 +1.3
GBUY Goldman Sachs Motif New Age Consumer ETF 28.0 50 0 1.9 -0.6
IEDI iShares Evolved U.S. Discretionary Spending ETF 27.5 18 32 3.6 +1.2
JOYY Infusive Compounding Global Equities ETF 27.4 50 0 3.7 +1.3
IYC iShares U.S. Consumer Services ETF 26.3 42 8 4.1 +1.6
FDN First Trust Dow Jones Internet Index Fund 25.9 52 -2 2.2 -0.3
PNQI Invesco NASDAQ Internet ETF 25.6 62 -12 1.1 -1.4
GVIP Goldman Sachs Hedge Industry VIP ETF 25.4 45 5 4.6 +2.2
VCR Vanguard Consumer Discretionary Index Fund 24.5 10 40 3.9 +1.5
IBUY Amplify Online Retail ETF 24.0 65 -15 -1.5 -3.9
ECOZ TrueMark ESG Active Opportunities ETF 23.8 58 -8 4.3 +1.9
GIGE SoFi Gig Economy ETF 23.7 59 -9 -0.5 -2.9
SCHG Schwab U.S. Large-Cap Growth ETF 23.6 4 46 4.1 +1.6
SFYF SoFi 50 ETF 23.5 29 21 5.1 +2.7
MGK Vanguard Mega Cap Growth ETF 23.4 7 43 4.1 +1.6
JHCS John Hancock Multifactor Media & Communications ETF 23.1 40 10 5.5 +3.1
VUG Vanguard Growth Index Fund 23.1 4 46 4.0 +1.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 22.9 8 42 3.4 +1.0
XLY Consumer Discretionary Select Sector SPDR Fund 22.4 13 37 4.0 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 22.4 60 -10 4.3 +1.9
IWY iShares Russell Top 200 Growth ETF 22.1 20 30 4.1 +1.6
NUSI Nationwide Risk-Managed Income ETF 22.0 68 -18 3.4 +1.0
QYLD Global X NASDAQ 100 Covered Call ETF 22.0 60 -10 3.5 +1.0
QQQ Invesco QQQ Trust 21.7 20 30 3.8 +1.3
XNTK SPDR NYSE Technology ETF 21.5 35 15 3.6 +1.1
IGM iShares Expanded Tech Sector ETF 21.1 46 4 3.7 +1.3
TMFC Motley Fool 100 Index ETF 21.1 50 0 3.7 +1.3
IWF iShares Russell 1000 Growth ETF 21.0 19 31 4.1 +1.7
PWB Invesco Dynamic Large Cap Growth ETF 21.0 55 -5 3.3 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 21.0 8 42 4.2 +1.8
VOOG Vanguard S&P 500 Growth ETF 20.9 10 40 4.2 +1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 20.8 4 46 4.3 +1.8
IVW iShares S&P 500 Growth ETF 20.8 18 32 4.1 +1.7
JKE iShares Morningstar Large-Cap Growth ETF 20.7 25 25 2.8 +0.4
TECB iShares US Tech Breakthrough Multisector ETF 20.5 40 10 4.0 +1.5
IUSG iShares Core S&P US Growth ETF 20.5 4 46 4.3 +1.9
PLAT WisdomTree Modern Tech Platforms Fund 20.3 45 5 1.1 -1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.2 12 38 4.8 +2.3
XLG Invesco S&P 500 Top 50 ETF 20.1 20 30 4.4 +2.0
BUYZ Franklin Disruptive Commerce ETF 20.1 50 0 -0.2 -2.6
OEF iShares S&P 100 ETF 20.0 20 30 4.7 +2.3
FTCS First Trust Capital Strength ETF 20.0 58 -8 4.9 +2.5
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 20.0 60 -10 2.9 +0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 19.7 75 -25 3.8 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 19.7 19 31 5.6 +3.2
VOX Vanguard Telecommunication Services Index Fund 19.7 10 40 4.8 +2.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 19.5 21 29 2.9 +0.5
ALFA AlphaClone Alternative Alpha ETF 19.5 65 -15 3.4 +0.9
SYG SPDR MFS Systematic Growth Equity ETF 19.0 60 -10 4.3 +1.8
SPXV ProShares S&P 500 Ex-Health Care ETF 19.0 27 23 5.0 +2.5
ACSI American Customer Satisfaction Core Alpha ETF 19.0 66 -16 5.7 +3.3
FTXD First Trust Nasdaq Retail ETF 18.9 60 -10 5.1 +2.7
RXI iShares Global Consumer Discretionary ETF 18.8 46 4 5.2 +2.8
OGIG O'Shares Global Internet Giants ETF 18.8 48 2 0.7 -1.7
ARKF ARK Fintech Innovation ETF 18.8 75 -25 0.5 -2.0
IWL iShares Russell Top 200 ETF 18.7 15 35 5.0 +2.6
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 18.6 40 10 6.7 +4.2
ARKW ARK Web x.0 ETF 18.5 76 -26 -0.8 -3.3
XWEB SPDR S&P Internet ETF 18.5 35 15 -0.2 -2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.4 20 30 4.9 +2.5
BKLC BNY Mellon US Large Cap Core Equity ETF 18.4 0 50 5.2 +2.8
SPXN ProShares S&P 500 Ex-Financials ETF 18.4 27 23 4.9 +2.5
MGC Vanguard Mega Cap Index Fund 18.3 7 43 5.2 +2.8
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 18.3 59 -9 3.6 +1.2
SHE SPDR SSGA Gender Diversity Index ETF 18.3 20 30 5.4 +3.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 18.3 60 -10 3.6 +1.2
TTTN UP Fintech China-U.S. Internet Titans ETF 18.2 59 -9 4.1 +1.7
ESGV Vanguard ESG U.S. Stock ETF 18.2 12 38 5.1 +2.7
HIPR Direxion High Growth ETF 18.1 40 10 2.8 +0.4
IETC iShares Evolved U.S. Technology ETF 18.0 18 32 3.8 +1.3
FCOM Fidelity MSCI Telecommunication Services Index ETF 17.7 8 42 4.9 +2.5
CATH Global X S&P 500 Catholic Values Custom ETF 17.7 29 21 5.2 +2.7
QGRO American Century STOXX U.S. Quality Growth ETF 17.7 29 21 3.1 +0.7
QUAL iShares MSCI Usa Quality Factor ETF 17.7 15 35 5.4 +2.9
SOCL Global X Social Media ETF 17.6 65 -15 1.9 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 17.6 7 43 5.2 +2.7
VV Vanguard Large-Cap Index Fund 17.4 4 46 5.2 +2.8
SPXE ProShares S&P 500 Ex-Energy ETF 17.4 27 23 5.3 +2.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.3 20 30 5.3 +2.9
PBP Invesco S&P 500 BuyWrite ETF 17.3 49 1 5.0 +2.6
KRMA Global X Conscious Companies ETF 17.2 43 7 5.2 +2.7
SNPE Xtrackers S&P 500 ESG ETF 17.2 11 39 5.1 +2.6
BVAL Brand Value ETF 17.2 65 -15 6.1 +3.6
PBUS Invesco PureBeta MSCI USA ETF 17.1 4 46 5.2 +2.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 17.1 2 48 5.3 +2.8
SPY SPDR S&P 500 ETF Trust 17.1 9 41 5.3 +2.9
SPLG SPDR Portfolio Large Cap ETF 17.1 3 47 5.4 +3.0
IVV iShares Core S&P 500 ETF 17.1 4 46 5.4 +2.9
VOO VANGUARD S&P 500 ETF 17.1 3 47 5.4 +3.0
HSPX Global X S&P 500 Covered Call ETF 17.1 65 -15 4.8 +2.4
ESGU iShares MSCI USA ESG Optimized ETF 17.0 15 35 5.1 +2.6
AIQ Global X Future Analytics Tech ETF 17.0 68 -18 3.8 +1.4
EXT WisdomTree U.S. Total Earnings Fund 17.0 28 22 5.2 +2.8
NULG Nuveen ESG Large-Cap Growth ETF 17.0 35 15 3.5 +1.1
VONE Vanguard Russell 1000 ETF 17.0 8 42 5.2 +2.8
QLC FlexShares US Quality Large Cap Index Fund 16.9 32 18 5.3 +2.9
IWB iShares Russell 1000 ETF 16.9 15 35 5.2 +2.7
SCHX Schwab U.S. Large-Cap ETF 16.8 3 47 5.3 +2.8
SCHK Schwab 1000 Index ETF 16.8 5 45 5.2 +2.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Millennials Thematic ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.1 %
Divided by: Fwd. P/BV 6.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.