VanEck Australian Floating Rate ETF vs Hormel Foods Corp — how do they compare? VanEck Australian Floating Rate ETF trades at $50.98, while Hormel Foods Corp trades at $25.5 (market cap $13.84B). The key difference: Hormel Foods Corp pays a 4.65% dividend while VanEck Australian Floating Rate ETF pays none, and VanEck Australian Floating Rate ETF is trading nearer its 52-week high, Hormel Foods Corp nearer its low. Which is the better fit depends on your goals.
| FLOT | HRL | |
|---|---|---|
Sector | Sector/Thematic | Consumer Staples |
52-Week High | $51.09 | $29.91 |
52-Week Low | $50.72 | $19.74 |
Market Cap | — | $13.84B |
Enterprise Value | — | $15.84B |
Dividend Yield | — | 4.65% |
Trailing returns across standard periods
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 →Hormel Foods is a protein-focused branded food company. Its brands include its namesake Hormel, Spam, Jennie-O, Dinty Moore, Applegate, Wholly Guacamole, and Skippy. The vast majority of the company's revenue is U.S.-based: 64% U.S. retail, 28% U.S. food service, and 8% international. By product type, in fiscal 2021, 23% of revenue was shelf-stable foods, 18% was poultry (branded and commodity), 55% was other perishable food, and 3% was other, primarily nutritional products. The company holds the number-one market position in shelf-stable meat, shelf-stable ready meals, pepperoni, natural/organic deli meat, and guacamole and the number-two position in turkey, bacon, chilled ready meals, and peanut butter.
Read more on HRL →