Bank of New York Mellon Corp vs VanEck Australian Floating Rate ETF — how do they compare? Bank of New York Mellon Corp trades at $161.02 (market cap $108.78B), while VanEck Australian Floating Rate ETF trades at $50.93. The key difference: Bank of New York Mellon Corp pays a 1.38% dividend while VanEck Australian Floating Rate ETF pays none, and Bank of New York Mellon Corp is trading nearer its 52-week high, VanEck Australian Floating Rate ETF nearer its low. Which is the better fit depends on your goals.
| BNY | FLOT | |
|---|---|---|
Market Cap | $108.78B | — |
Sector | Financials | Sector/Thematic |
52-Week High | $162.35 | $51.09 |
52-Week Low | $101.00 | $50.72 |
Dividend Yield | 1.38% | — |
Trailing returns across standard periods
Latest headlines on both assets
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $41.1 trillion in under custody and administration (as of Dec. 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.2 trillion in assets.
Read more on BNY →FLOT provides exposure to a diversified portfolio of Australian dollar-denominated floating rate notes. It tracks the Bloomberg AusBond Credit FRN 0+ Yr Index, focusing on high-quality, investment-grade bonds from top Australian banks and financial institutions.
Read more on FLOT →