VanEck Australian Floating Rate ETF vs Consumer Discretionary Select Sector SPDR Fund — how do they compare? VanEck Australian Floating Rate ETF trades at $50.93, while Consumer Discretionary Select Sector SPDR Fund trades at $118.93. The key difference: Consumer Discretionary Select Sector SPDR Fund 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 | XLY | |
|---|---|---|
Sector | Sector/Thematic | — |
52-Week High | $51.09 | $124.52 |
52-Week Low | $50.72 | $105.64 |
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 securities of companies from the following industries: retail; hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure products; and diversified consumer services. It is non-diversified.
Read more on XLY →