VanEck Australian Floating Rate ETF vs SP Funds S&P 500 Sharia Industry Exclusions ETF — how do they compare? VanEck Australian Floating Rate ETF trades at $50.98, while SP Funds S&P 500 Sharia Industry Exclusions ETF trades at $57.17. The key difference: SP Funds S&P 500 Sharia Industry Exclusions 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 | SPUS | |
|---|---|---|
Sector | Sector/Thematic | Broad Market / Factor |
52-Week High | $51.09 | $59.51 |
52-Week Low | $50.72 | $45.17 |
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 →SPUS tracks a market-cap weighted index of S&P 500 stocks that adhere to Sharia law. It screens out companies involved in non-compliant business activities such as alcohol, tobacco, gambling, and conventional finance, as well as excluding sectors like Aerospace & Defense, and Data Processing. By focusing on low-leverage stocks, SPUS provides investors with a value-conscious, ethically-aligned exposure to a diversified portfolio of large-cap U.S. equities.
Read more on SPUS →