VanEck Australian Floating Rate ETF vs Consumer Staples Select Sector SPDR Fund — how do they compare? VanEck Australian Floating Rate ETF trades at $50.93, while Consumer Staples Select Sector SPDR Fund trades at $84.69. Which is the better fit depends on your goals.
| FLOT | XLP | |
|---|---|---|
Sector | Sector/Thematic | — |
52-Week High | $51.09 | $90.00 |
52-Week Low | $50.72 | $75.61 |
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Staples companies by the GICS®. It is non-diversified.
Read more on XLP →