Devon Energy Corp vs VanEck Australian Floating Rate ETF — how do they compare? Devon Energy Corp trades at $45.27 (market cap $49.94B), while VanEck Australian Floating Rate ETF trades at $50.93. The key difference: Devon Energy Corp pays a 2.82% dividend while VanEck Australian Floating Rate ETF pays none. Which is the better fit depends on your goals.
| DVN | FLOT | |
|---|---|---|
Market Cap | $49.94B | — |
Sector | Energy | Sector/Thematic |
52-Week High | $52.07 | $51.09 |
52-Week Low | $31.74 | $50.72 |
Enterprise Value | $60.68B | — |
Dividend Yield | 2.82% | — |
Trailing returns across standard periods
Latest headlines on both assets
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2021, Devon's proved reserves totaled 1.6 billion barrels of oil equivalent, and net production that year was 572 thousand boe/d, of which oil and natural gas liquids made up 74% of production, with natural gas accounting for the remainder.
Read more on DVN →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 →