NATO vs MILN
Comparison between THEMES TRANSATLANTIC DEFENSE ETF (NATO, ETF) and GLOBAL X MILLENNIAL CONSUMER ETF (MILN, ETF).
NATO vs MILN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NATO
$99M
MILN
$99M
Expense Ratio
Winner
NATO
0.35%
MILN
0.50%
Max Drawdown
Winner
NATO
15.99%
MILN
44.48%
Sharpe Ratio
Winner
NATO
0.54
MILN
-0.80
5Y Beta
Winner
NATO
0.83
MILN
1.02
P/E Ratio
NATO
92.41
Winner
MILN
24.54
Forward P/E
NATO
28.98
Winner
MILN
19.90
PEG Ratio
NATO
N/A
MILN
1.09
5Y Dividends CAGR
NATO
N/A
MILN
3.85%
5Y EPS CAGR
NATO
N/A
MILN
21.15%
Debt to Equity
Winner
NATO
152.09%
MILN
165.40%
P/S Ratio
NATO
3.02
Winner
MILN
2.18
P/B Ratio
NATO
6.38
Winner
MILN
4.57
NATO vs MILN - Holdings Comparison
NATO and MILN have 1 common holdings. Overlap is 0.00%
NATO's top 25 holdings weight is 89.55%. MILN's top 25 holdings weight is 72.06%.
| Rank | NATO | MILN |
|---|---|---|
| #1 | RTX CORP (RTX) - 8.45% | ALPHABET INC CLASS A (GOOGL) - 3.63% |
| #2 | GE AEROSPACE (GE) - 7.82% | APPLE INC (AAPL) - 3.51% |
| #3 | BOEING CO (BA) - 7.10% | AMAZON.COM INC (AMZN) - 3.37% |
| #4 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 6.14% | SPOTIFY TECHNOLOGY SA (SPOT) - 3.23% |
| #5 | LOCKHEED MARTIN CORP (LMT) - 5.76% | CARVANA CO CLASS A (CVNA) - 3.18% |
| #6 | SAFRAN SA (n/a) - 5.44% | STARBUCKS CORP (SBUX) - 3.10% |
| #7 | HONEYWELL INTERNATIONAL INC (HON) - 5.24% | SEA LTD ADR (SE) - 3.09% |
| #8 | AIRBUS SE (n/a) - 5.02% | EBAY INC (EBAY) - 3.09% |
| #9 | NORTHROP GRUMMAN CORP (NOC) - 4.71% | THE WALT DISNEY CO (DIS) - 3.07% |
| #10 | HOWMET AEROSPACE INC (HWM) - 4.51% | AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 3.05% |
| #11 | BAE SYSTEMS PLC (n/a) - 3.90% | NIKE INC CLASS B (NKE) - 3.03% |
| #12 | RHEINMETALL AG (n/a) - 3.64% | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 2.95% |
| #13 | GENERAL DYNAMICS CORP (GD) - 3.53% | META PLATFORMS INC CLASS A (META) - 2.89% |
| #14 | TRANSDIGM GROUP INC (TDG) - 3.17% | UBER TECHNOLOGIES INC (UBER) - 2.89% |
| #15 | L3HARRIS TECHNOLOGIES INC (LHX) - 3.01% | COSTCO WHOLESALE CORP (COST) - 2.88% |
| #16 | AXON ENTERPRISE INC (AXON) - 1.88% | TJX COMPANIES INC (TJX) - 2.84% |
| #17 | ROCKET LAB CORP (RKLB) - 1.49% | CHIPOTLE MEXICAN GRILL INC (CMG) - 2.80% |
| #18 | TELEDYNE TECHNOLOGIES INC (TDY) - 1.38% | BOOKING HOLDINGS INC (BKNG) - 2.74% |
| #19 | FTAI AVIATION LTD (FTAI) - 1.25% | THE HOME DEPOT INC (HD) - 2.71% |
| #20 | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 1.16% | NETFLIX INC (NFLX) - 2.55% |
| #21 | CURTISS-WRIGHT CORP (CW) - 1.15% | LOWE'S COMPANIES INC (LOW) - 2.53% |
| #22 | THALES (n/a) - 1.10% | INTUIT INC (INTU) - 2.49% |
| #23 | MTU AERO ENGINES AG (n/a) - 0.95% | PAYPAL HOLDINGS INC (PYPL) - 2.43% |
| #24 | SAAB AB CLASS B (n/a) - 0.92% | BLOCK INC CLASS A (XYZ) - 2.23% |
| #25 | BWX TECHNOLOGIES INC (BWXT) - 0.83% | FISERV INC (FISV) - 1.78% |
| Total Holdings | 90 | 82 |
NATO vs MILN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NATO
+1.94%
MILN
-2.67%
3M
NATO
-7.96%
Winner
MILN
-2.73%
6M
Winner
NATO
+7.91%
MILN
-9.97%
1Y
Winner
NATO
+13.61%
MILN
-10.79%
5Y(CAGR)
NATO
N/A
MILN
+0.80%
10Y(CAGR)
NATO
N/A
MILN
+11.30%
Max(CAGR)
Winner
NATO
+30.14%
MILN
+11.31%
NATO vs MILN - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | NATO | MILN |
|---|---|---|
| 2026 | -0.13% | -9.35% |
| 2025 | +51.85% | +4.54% |
| 2024 | +0.35% | +29.16% |
| 2023 | N/A | +35.24% |
| 2022 | N/A | -38.90% |
| 2021 | N/A | +16.01% |
| 2020 | N/A | +43.83% |
| 2019 | N/A | +32.18% |
| 2018 | N/A | +1.57% |
| 2017 | N/A | +24.00% |
| 2016 | N/A | +5.17% |
NATO vs MILN Drawdown Comparison
The maximum drawdown for NATO was -15.99%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for MILN was -44.40%, occurring on Nov 9, 2022. Recovery took 757 trading sessions.
The current NATO drawdown is -11.85%. The current MILN drawdown is -16.34%.
| Rank | NATO | MILN |
|---|---|---|
| #1 | -15.99% Mar 2, 2026 - Mar 30, 2026 | -44.40% Nov 5, 2021 - Nov 11, 2024 |
| #2 | -13.28% Mar 19, 2025 - Apr 29, 2025 | -37.38% Feb 20, 2020 - Jun 8, 2020 |
| #3 | -10.85% Oct 8, 2025 - Jan 5, 2026 | -23.48% Feb 14, 2025 - Aug 18, 2025 |
| #4 | -7.21% Nov 11, 2024 - Feb 18, 2025 | -22.32% Sep 19, 2025 - Mar 27, 2026 |
| #5 | -7.16% Jan 16, 2026 - Feb 20, 2026 | -21.70% Sep 28, 2018 - Mar 21, 2019 |
| #6 | -4.72% Oct 18, 2024 - Nov 6, 2024 | -9.69% Apr 15, 2021 - Jun 24, 2021 |
| #7 | -4.03% Mar 5, 2025 - Mar 17, 2025 | -9.61% Sep 2, 2020 - Oct 13, 2020 |
| #8 | -3.96% Feb 18, 2025 - Feb 28, 2025 | -8.29% Oct 23, 2020 - Nov 5, 2020 |
| #9 | -3.23% Jul 23, 2025 - Sep 11, 2025 | -8.21% Feb 16, 2021 - Apr 8, 2021 |
| #10 | -1.91% Jun 5, 2025 - Jun 26, 2025 | -7.75% Mar 12, 2018 - May 23, 2018 |
| #11 | -1.84% Jun 30, 2025 - Jul 9, 2025 | -7.64% May 3, 2019 - Jun 19, 2019 |
| #12 | -1.79% May 19, 2025 - May 27, 2025 | -7.23% Jul 26, 2019 - Jan 2, 2020 |
| #13 | -1.55% Jul 18, 2025 - Jul 23, 2025 | -7.04% Jun 8, 2020 - Jul 2, 2020 |
| #14 | -1.26% Mar 3, 2025 - Mar 5, 2025 | -6.76% Dec 6, 2024 - Jan 30, 2025 |
| #15 | -1.26% Feb 20, 2026 - Mar 2, 2026 | -6.73% Jan 26, 2018 - Mar 9, 2018 |
Correlation
Correlation between NATO and MILN is 0.01 which considered as a very weak or no correlation - the stocks move independently of each other.
0.01
-101
Dividend Comparison (2016 - 2025)
NATO vs MILN dividend yield comparison.
| Year | NATO | MILN |
|---|---|---|
| 2025 | 0.45% | 0.25% |
| 2024 | 0.08% | 0.22% |
| 2023 | 0.00% | 0.33% |
| 2022 | 0.00% | 0.24% |
| 2021 | 0.00% | 0.15% |
| 2020 | 0.00% | 0.21% |
| 2019 | 0.00% | 0.43% |
| 2018 | 0.00% | 0.43% |
| 2017 | 0.00% | 0.89% |
| 2016 | 0.00% | 0.32% |
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