VanEck Australian Floating Rate ETF vs PPG Industries, Inc. — how do they compare? VanEck Australian Floating Rate ETF trades at $50.93, while PPG Industries, Inc. trades at $116.16 (market cap $25.82B). The key difference: PPG Industries, Inc. pays a 2.55% dividend while VanEck Australian Floating Rate ETF pays none. Which is the better fit depends on your goals.
| FLOT | PPG | |
|---|---|---|
Sector | Sector/Thematic | Basic Materials |
52-Week High | $51.09 | $131.56 |
52-Week Low | $50.72 | $94.34 |
Market Cap | — | $25.82B |
Enterprise Value | — | $31.69B |
Dividend Yield | — | 2.55% |
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 →PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
Read more on PPG →