VanEck Australian Floating Rate ETF vs Roundhill Magnificent Seven ETF — how do they compare? VanEck Australian Floating Rate ETF trades at $50.93, while Roundhill Magnificent Seven ETF trades at $68.69. The key difference: Roundhill Magnificent Seven ETF is trading nearer its 52-week high, VanEck Australian Floating Rate ETF nearer its low. Which is the better fit depends on your goals.
| FLOT | MAGS | |
|---|---|---|
Sector | Sector/Thematic | Sector/Thematic |
52-Week High | $51.09 | $70.94 |
52-Week Low | $50.72 | $55.39 |
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 →MAGS is an ETF that provides concentrated exposure to the seven technology-focused mega-cap companies often referred to as the 'Magnificent Seven' (Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla). The fund is designed to capture the performance of these market-leading stocks, which have been the primary drivers of market returns. It offers a simple way for investors to invest solely in this select group of high-growth technology companies.
Read more on MAGS →