VanEck Australian Floating Rate ETF vs Phillips 66 — how do they compare? VanEck Australian Floating Rate ETF trades at $50.97, while Phillips 66 trades at $201.29 (market cap $78.65B). The key difference: Phillips 66 pays a 2.59% dividend while VanEck Australian Floating Rate ETF pays none, and Phillips 66 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 | PSX | |
|---|---|---|
Sector | Sector/Thematic | Energy |
52-Week High | $51.09 | $201.45 |
52-Week Low | $50.72 | $118.37 |
Market Cap | — | $78.65B |
Enterprise Value | — | $100.62B |
Dividend Yield | — | 2.59% |
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 →Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, after converting its 255 mb/d Alliance refinery to a terminal. The midstream segment comprises extensive transportation and NGL processing assets. It also includes its DCP Midstream joint venture, which holds 45 natural gas processing facilities, 11 NGL fractionation plants, and a natural gas pipeline system with 58,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Read more on PSX →