Global X Millennials Thematic ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.7x P/Sales
ratio
1.7x
P/BV
ratio
3.3x Div.
yield
1.3%


  • 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) $58
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) $179,098
Large cap (>$10bn) 81.7%
Mid cap ($2-10bn) 14.0%
Small cap (<$2bn) 4.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.4 %
COSTCO WHOLESALE CORP 4.1 %
FISERV INC 3.8 %
AMAZON.COM INC 3.7 %
NETFLIX INC 3.6 %
NIKE INC -CL B 3.4 %
ALPHABET INC. CLASS A 3.4 %
FACEBOOK 3.3 %
HOME DEPOT INC 3.3 %
PAYPAL HOLDINGS INC 3.1 %
Total 36.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
LUXEMBOURG 2.6 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.8% -15.4% -- -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.10 84%
MSCI EAFE 1.00 67%
MSCI Emg. Mkts. 0.73 52%

Technical Indicators
Recent close $18.79
30d moving avg. $22.04
Annualized volatility 18.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 32
Turnover 1.0%
Bid/Ask (% of price) 1.08%
ADV underlying (mns) $85,667

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™: 4.5%


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
(%)
JOYY Infusive Compounding Global Equities ETF 32.0 50 0 5.2 +0.7
JHMC John Hancock Multifactor Consumer Discretionary ETF 30.1 40 10 8.2 +3.6
IEDI iShares Evolved U.S. Discretionary Spending ETF 29.7 18 32 5.8 +1.3
IYC iShares U.S. Consumer Services ETF 29.1 42 8 6.6 +2.1
GENY Principal Millennials Index ETF 27.5 45 5 6.4 +1.9
FDN First Trust Dow Jones Internet Index Fund 25.8 52 -2 3.9 -0.6
GBUY Goldman Sachs Motif New Age Consumer ETF 25.3 50 0 3.7 -0.8
MGK Vanguard Mega Cap Growth ETF 25.3 7 43 5.7 +1.2
SCHG Schwab U.S. Large-Cap Growth ETF 25.1 4 46 5.7 +1.2
PNQI Invesco NASDAQ Internet ETF 25.0 62 -12 3.2 -1.3
VCR Vanguard Consumer Discretionary Index Fund 24.8 10 40 6.6 +2.1
VUG Vanguard Growth Index Fund 24.7 4 46 5.6 +1.1
QYLD Global X NASDAQ 100 Covered Call ETF 24.5 60 -10 4.9 +0.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 24.1 8 42 6.3 +1.8
NUSI Nationwide Risk-Managed Income ETF 24.1 68 -18 4.8 +0.3
QQQ Invesco QQQ Trust 23.9 20 30 5.5 +1.0
XLY Consumer Discretionary Select Sector SPDR Fund 23.4 13 37 7.0 +2.5
IWY iShares Russell Top 200 Growth ETF 23.4 20 30 5.7 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 23.3 60 -10 6.1 +1.6
TMFC Motley Fool 100 Index ETF 23.0 50 0 5.2 +0.7
VOOG Vanguard S&P 500 Growth ETF 22.8 10 40 5.8 +1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 22.8 4 46 5.9 +1.4
IVW iShares S&P 500 Growth ETF 22.8 18 32 5.8 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 22.4 8 42 5.9 +1.4
IWF iShares Russell 1000 Growth ETF 22.4 19 31 5.8 +1.3
TECB iShares US Tech Breakthrough Multisector ETF 22.4 40 10 5.5 +1.0
IGM iShares North American Tech ETF 22.3 46 4 5.4 +0.9
IUSG iShares Core S&P US Growth ETF 22.2 4 46 5.9 +1.4
JHCS John Hancock Multifactor Media & Communications ETF 22.1 40 10 7.8 +3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 22.1 45 5 6.8 +2.3
JKE iShares Morningstar Large-Cap Growth ETF 22.1 25 25 4.8 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 21.9 29 21 5.8 +1.3
IBUY Amplify Online Retail ETF 21.8 65 -15 -1.2 -5.7
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 21.6 40 10 12.9 +8.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 21.3 21 29 4.4 -0.1
XLG Invesco S&P 500 Top 50 ETF 21.3 20 30 6.1 +1.6
OEF iShares S&P 100 ETF 21.1 20 30 6.5 +2.0
XWEB SPDR S&P Internet ETF 21.1 35 15 2.5 -2.0
PWB Invesco Dynamic Large Cap Growth ETF 21.0 55 -5 4.8 +0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.7 12 38 6.4 +1.9
LRGE ClearBridge Large Cap Growth ESG ETF 20.5 60 -10 5.5 +1.0
FDMO Fidelity Momentum Factor ETF 20.3 29 21 5.6 +1.1
RXI iShares Global Consumer Discretionary ETF 20.1 46 4 8.3 +3.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 20.1 19 31 7.7 +3.2
XNTK SPDR Morgan Stanley Technology ETF 20.0 35 15 5.5 +0.9
ADME Aptus Drawdown Managed Equity ETF 19.9 81 -31 5.4 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 19.8 27 23 6.9 +2.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 19.5 75 -25 5.1 +0.6
IETC iShares Evolved U.S. Technology ETF 19.4 18 32 5.5 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 19.2 27 23 6.8 +2.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.1 15 35 7.1 +2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.0 20 30 6.8 +2.3
MGC Vanguard Mega Cap Index Fund 19.0 7 43 7.0 +2.5
SHE SPDR SSGA Gender Diversity Index ETF 18.9 20 30 7.6 +3.1
IWL iShares Russell Top 200 ETF 18.9 15 35 6.8 +2.3
HSPX Global X S&P 500 Covered Call ETF 18.9 65 -15 6.4 +1.9
SFY SoFi Select 500 ETF 18.8 0 50 6.8 +2.3
PBS Invesco Dynamic Media ETF 18.8 63 -13 7.4 +2.9
ESGV Vanguard ESG U.S. Stock ETF 18.7 12 38 7.1 +2.6
PBP Invesco S&P 500 BuyWrite ETF 18.7 49 1 6.7 +2.2
GIGE SoFi Gig Economy ETF 18.6 59 -9 -0.7 -5.2
OGIG O'Shares Global Internet Giants ETF 18.6 48 2 1.1 -3.4
CATH Global X S&P 500 Catholic Values Custom ETF 18.5 29 21 7.1 +2.6
ENTR Entrepreneur 30 Fund 18.2 49 1 3.4 -1.1
SPXE ProShares S&P 500 Ex-Energy ETF 18.2 27 23 7.1 +2.6
TTTN UP Fintech China-U.S. Internet Titans ETF 18.2 59 -9 6.5 +2.0
VV Vanguard Large-Cap Index Fund 18.2 4 46 7.1 +2.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.2 20 30 7.2 +2.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.1 52 -2 8.0 +3.5
VOX Vanguard Telecommunication Services Index Fund 18.0 10 40 6.7 +2.2
SPY SPDR S&P 500 ETF Trust 18.0 9 41 7.2 +2.7
SPLG SPDR Portfolio Large Cap ETF 17.9 3 47 7.3 +2.8
VOO VANGUARD S&P 500 ETF 17.9 3 47 7.3 +2.8
IVV iShares Core S&P 500 ETF 17.9 4 46 7.3 +2.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 17.9 75 -25 4.1 -0.4
ARKF ARK Fintech Innovation ETF 17.8 75 -25 2.0 -2.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 17.8 2 48 7.2 +2.7
FCOM Fidelity MSCI Telecommunication Services Index ETF 17.6 8 42 6.9 +2.4
PBUS Invesco PureBeta MSCI USA ETF 17.6 4 46 7.4 +2.8
SCHX Schwab U.S. Large-Cap ETF 17.5 3 47 7.2 +2.7
VONE Vanguard Russell 1000 ETF 17.5 8 42 7.2 +2.7
IWB iShares Russell 1000 ETF 17.4 15 35 7.1 +2.6
ACSI American Customer Satisfaction Core Alpha ETF 17.4 66 -16 7.5 +3.0
QUAL iShares MSCI Usa Quality Factor ETF 17.3 15 35 7.1 +2.6
SCHK Schwab 1000 Index ETF 17.2 5 45 7.2 +2.7
TTAC TrimTabs Float Shrink ETF 17.2 59 -9 5.3 +0.8
IYY iShares Dow Jones U.S. ETF 17.2 20 30 7.1 +2.6
SPTM SPDR Portfolio Total Stock Market ETF 17.1 3 47 7.4 +2.9
PLAT WisdomTree Modern Tech Platforms Fund 17.1 45 5 2.4 -2.2
EXT WisdomTree U.S. Total Earnings Fund 17.0 28 22 7.8 +3.3
QLC FlexShares US Quality Large Cap Index Fund 17.0 32 18 7.6 +3.1
IQSU IQ Candriam ESG US Equity ETF 17.0 9 41 6.9 +2.3
NACP Impact Shares NAACP Minority Empowerment ETF 16.9 75 -25 6.3 +1.8
BUYZ Franklin Disruptive Commerce ETF 16.9 50 0 0.3 -4.2
ESGU iShares MSCI USA ESG Optimized ETF 16.9 15 35 6.8 +2.3
VTHR Vanguard Russell 3000 Index Fund 16.8 10 40 7.1 +2.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.8 60 -10 5.2 +0.7
SYG SPDR MFS Systematic Growth Equity ETF 16.7 60 -10 6.4 +1.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.6 49 1 5.6 +1.1
SCHB Schwab U.S. Broad Market ETF 16.5 3 47 7.2 +2.7

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.7 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.51
 
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.