VanEck Australian Floating Rate ETF vs Remitly Global Inc — how do they compare? VanEck Australian Floating Rate ETF trades at $50.98, while Remitly Global Inc trades at $25.18 (market cap $5.26B). The key difference: Remitly Global Inc 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 | RELY | |
|---|---|---|
Sector | Sector/Thematic | Technology |
52-Week High | $51.09 | $24.96 |
52-Week Low | $50.72 | $12.20 |
Market Cap | — | $5.26B |
Enterprise Value | — | $4.65B |
Signals from Pluang's Aura AI — not financial advice
No Aura AI signal available yet.
RELY trades at $23.52, down 0.68% on the day, with a bullish technical signal from moving averages. The company shows strong fundamental improvement, with revenue growing from $654M in 2022 to $1.64B in 2025 and achieving profitability with net income of $67.93M. Recent positive news includes a 62.4% stock gain in H1 2026 and expansion into new markets like the UAE.
The outlook is positive, driven by accelerating revenue growth, expanding margins, and strong analyst consensus. Key risks include execution in competitive remittance markets and reliance on continued user growth. The consensus price target of $27.40 implies significant upside from current levels.
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 →Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. Its revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Read more on RELY →