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MILN vs PAWZ

Global X Millennial Consumer ETF

MILNBNasdaq

ProShares Pet Care ETF

PAWZCCboe

Overlap

0.0%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

MILN0.50%PAWZ0.50%

Avg volume · 30D

MILN 4.2×the volume

MILN7.31KPAWZ1.74K

5Y return · a year

MILN +8.3pt

MILN−0.2%PAWZ−8.5%

MILN vs PAWZ Performance

Oct 29, 2021 – Oct 30, 2026

−1.0%MILN−36.0%PAWZ

Oct 29, 2021 to Oct 30, 2026. MILN −1.0%. PAWZ −36.0%. Use the arrow keys to read each point.−50%−20%−10%10%Oct 2021Apr 2024Oct 2026
Expense ratio
MILN 0.50%
PAWZ 0.50%
Fund size
MILN $89M
PAWZ $33M
1Y total return
MILN −7.2%
PAWZ −3.0%, better
Yield (12M)
MILN 0.32%
PAWZ 0.70%, better
Holdings
MILN 82
PAWZ 28
Avg volume (30D)
MILN 7.31K sh, better
PAWZ 1.74K sh
NAV per share
MILN $43.75
PAWZ $52.22
52W range

ETF.net Grade

MILN: Cost 70, Risk 44, Mission 80, Tradability 75, Holdings 83, Durability 81. PAWZ: Cost 70, Risk 45, Mission not scored, Tradability 52, Holdings 16, Durability 62.
Pillar letters and Scores for MILN, PAWZ, with each pillar’s weight
PillarMILNPAWZ
Cost30% weightA70A70
Mission25% weightA80Not scored
Risk15% weightC44C45Higher
Tradability15% weightA75HigherC52
Holdings10% weightA83HigherF16
Durability5% weightA81HigherB62

Rank among Consumer Lifestyle funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MILN and PAWZ are both graded against the same 10 Consumer Lifestyle funds, so their Grades compare head to head.

Consumer Lifestyle⁠

Category · 10 funds
See all 10 ›

MILN ranks 1st and PAWZ 3rd of 10 funds in the Consumer Lifestyle Category.

  1. Rank 1BMILNGlobal X Millennial Consumer ETFScore 68
  2. Rank 2BPEJInvesco Dynamic Leisure and Entertainment ETFScore 63
  3. Rank 3CPAWZProShares Pet Care ETFScore 53
  4. Rank 4CGENZVanEck Digital Native Economy ETFScore 44

Our read on each fund

ETF.net Research

MILNBGlobal X Millennial Consumer ETF

PAWZCProShares Pet Care ETF

In short

MILN A bet on how a whole generation spends, not on one sector. Since 2016 it has tracked an index of about 80 US companies built around Millennial wallets, an early take on generational themes that costs less than the typical fund in its niche.

PAWZ One ticker for the pet economy: vet clinics, kibble makers, animal-health labs, the retailers that ship it all. PAWZ has tracked the FactSet Pet Care Index, globally, since 2018.

Stated mandate

MILN The fund seeks exposure to companies positioned to benefit from the increasing spending power and distinct consumption preferences of U.S. Millennials.

PAWZ The fund invests globally in companies positioned at the forefront of the pet care industry.

Why people hold it

  • MILN Charges 0.50% a year, under the 0.65% median for its consumer-lifestyle peer group. Modest for a single-theme fund.globalxetfs.com
  • Follows a published rulebook, the Indxx Millennials Thematic Index, so holdings answer to the stated mandate rather than a manager's mood.globalxetfs.com
  • The portfolio matches what the label promises: US companies tied to Millennial spending power and tastes, spread across roughly 80 names instead of a two-stock wager.globalxetfs.com
  • Top-quartile standing in a consumer-lifestyle cohort that includes PAWZ, EMC and LOGO, and it undercuts EMC and LOGO on fees.
  • PAWZ Costs 0.50% a year, under the 0.65% median for its consumer-lifestyle peer group. Cheap for a niche theme fund, where 0.60%-plus is the norm.
  • Buys the whole pet supply chain, not one slice: the mandate is global companies at the forefront of pet care, set by the FactSet Pet Care Index rather than a manager's hunches.proshares.com
  • Running since 2018 and priced level with the strongest names in its cohort (MILN at 0.50%), it sits in the upper half of that peer group on our review.

Worth knowing

  • MILN Trades thinly. Spreads can run wider than on a mega-cap index fund, so order size and limit prices matter more here.
  • One theme, one country. Roughly 80 US consumer stocks tied to a single spending story can move further, up or down, than a broad market fund.
  • Distributions arrive once or twice a year at most. Income is not what this structure is built around.
  • PAWZ Thinly traded. On a given trade the bid-ask spread can cost more than a year of the expense ratio, so how you place the order matters.
  • Around two dozen holdings. Concentration is the point of a theme fund and also the risk: one company's news can swing the whole basket.
  • A small fund with a global mandate, so expect foreign listings, currency movement, and an asset base that keeps it off most institutional buy lists.

Full MILN profile⁠

Full PAWZ profile⁠

MILN vs PAWZ Holdings

As of

How MILN and PAWZ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of MILN and 0.0% of PAWZ.

Level by level

  • Holdings0 in both0.0%
  • Sector9 Sectors42.5%
  • Countryby domicile65.2%
  • Asset classEquity100%

Sector

Sector weights in MILN and PAWZ, widest gap first
SectorMore in MILNMore in PAWZ
Health CarePAWZ +35.4 points
Consumer DiscretionaryMILN +27.3 points
CommunicationMILN +16.0 points
Consumer StaplesPAWZ +15.9 points
TechnologyMILN +7.9 points
Real EstateMILN +5.8 points
MaterialsPAWZ +5.0 points
FinancialsPAWZ +1.3 points
IndustrialsMILN +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in MILN and PAWZ, widest gap first
CountryMore in MILNMore in PAWZ
United StatesMILN +32.2 points
United KingdomPAWZ +9.7 points
FrancePAWZ +7.5 points
SwitzerlandPAWZ +4.6 points
CanadaPAWZ +4.5 points
SwedenPAWZ +4.0 points
SingaporeMILN +2.6 points
JapanPAWZ +2.5 points
ThailandPAWZ +1.9 points

Outside the US: PAWZ 95% developed, 5% emerging.

Concentration

Weight in the 10 largest Holdings

  • MILN34.1%
  • PAWZ70.7%

Securities held

  • MILN81
  • PAWZ27

Asset class

MILN
Equity
PAWZ
Equity

Holdings

  • Only in MILN81
  • In both0
  • Only in PAWZ27

Only in MILN

81 securities, 99.9% of MILN by weight

  • Apple Inc3.85%
  • Airbnb Inc-Class A3.72%
  • Doordash Inc - A3.70%

Only in PAWZ

27 securities, 99.5% of PAWZ by weight

  • Chewy Inc - Class A10.34%
  • Zoetis Inc9.81%
  • Idexx Laboratories Inc9.79%

Weight gaps

MILN and PAWZ share no securities.

All 80 MILN holdings⁠All 29 PAWZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MILN vs PAWZ Cost

Same expense ratio

$9,979

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MILN 0.50%

    $9,979

  • PAWZ 0.50%

    $9,979

$10,000
30 years

Cost over time

  • MILN 0.50%
  • PAWZ 0.50%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530MILN $9,979PAWZ $9,979

Year by year

YearMILNPAWZ
10$900$900
20$3,460$3,460
30$9,979$9,979

Expense ratio

  • 0.50%MILN
  • 0.50%PAWZ
  • Middle half of Consumer Lifestyle funds
  • Median 0.54%

MILN 3rd cheapest of 10 funds

PAWZ 3rd cheapest of 10 funds

MILN vs PAWZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MILN 0.32%
PAWZ 0.70%, better
Payout (12M)
MILN $0.14
PAWZ $0.36
Last payment
MILN $0.04
PAWZ $0.06
Ex-dividend
MILN Jun 29, 2026
PAWZ Sep 23, 2026
Paid on
MILN Jul 2, 2026
PAWZ Sep 29, 2026
Frequency
MILN Twice a year
PAWZ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MILNTwice a year · 15 paymentsAll MILN payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.17; Dec 28, 2018 $0.09; Jun 27, 2019 $0.02; Dec 30, 2019 $0.09; Jun 29, 2020 $0.02; Dec 30, 2020 $0.06; Dec 30, 2021 $0.07; Dec 29, 2022 $0.06; Jun 29, 2023 $0.0042; Dec 28, 2023 $0.11; Jun 27, 2024 $0.02; Dec 30, 2024 $0.09; Jun 27, 2025 $0.02; Dec 30, 2025 $0.10; Jun 29, 2026 $0.04. Use the arrow keys to read each point.$0$0.252017202020232026YTD
PAWZQuarterly · 30 paymentsAll PAWZ payments⁠
One bar per payment. 30 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.03; Mar 20, 2019 $0.02; Jun 25, 2019 $0.09; Dec 24, 2019 $0.05; Mar 25, 2020 $0.01; Jun 24, 2020 $0.02; Sep 23, 2020 $0.03; Dec 23, 2020 $0.04; Mar 23, 2021 $0.03; Jun 22, 2021 $0.06; Sep 22, 2021 $0.01; Dec 23, 2021 $0.05; Mar 23, 2022 $0.04; Jun 22, 2022 $0.05; Sep 21, 2022 $0.06; Dec 22, 2022 $0.11; Mar 22, 2023 $0.04; Jun 21, 2023 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.05; Jun 26, 2024 $0.18; Sep 25, 2024 $0.03; Dec 23, 2024 $0.13; Mar 26, 2025 $0.07; Jun 25, 2025 $0.24; Sep 24, 2025 $0.04; Dec 24, 2025 $0.09; Mar 25, 2026 $0.05; Jun 24, 2026 $0.17; Sep 23, 2026 $0.06. Use the arrow keys to read each point.$0$0.252017202020232026YTD

MILN vs PAWZ Risk

Fall from peak · 5 years

  • MILN
  • PAWZ
Oct 29, 2021 to Oct 30, 2026. Worst fall: PAWZ −50.1% · Oct 2023. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MILN 17.7%, betterPAWZ 21.3%
Return per unit of riskSharpe ratio, 3 years
MILN 0.62, betterPAWZ 0.24
Worst fallMax drawdown, 5 years
MILN −44.4%, betterPAWZ −50.1%
Market sensitivityBeta, 5 years
MILN 1.15PAWZ 1.05

Popular comparisons

  • MILNBvsPEJB

    Global X Millennial Consumer ETF · Invesco Dynamic Leisure and Entertainment ETF

    Expense ratio
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    Category
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