Cigna Corp vs VanEck Australian Floating Rate ETF — how do they compare? Cigna Corp trades at $302.09 (market cap $80.55B), while VanEck Australian Floating Rate ETF trades at $50.97. The key difference: Cigna Corp pays a 2.05% dividend while VanEck Australian Floating Rate ETF pays none, and Cigna 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.
| CI | FLOT | |
|---|---|---|
Market Cap | $80.55B | — |
Sector | Health | Sector/Thematic |
52-Week High | $311.00 | $51.09 |
52-Week Low | $244.41 | $50.72 |
Enterprise Value | $103.65B | — |
Dividend Yield | 2.05% | — |
Trailing returns across standard periods
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services were greatly expanded by its 2018 merger with Express Scripts and are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 15 million medical members covered as of the end of 2020, but its services extend internationally, covering another 2 million people.
Read more on CI →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 →