Global X Australian Bank Credit ETF vs VanEck Australian Floating Rate ETF
These ETFs invest in different asset classes (shares vs bonds). They are unlikely to share holdings. General information only.
BANK may suit investors seeking income and dividend distributions. FLOT may suit investors seeking income and dividend distributions.
Scored across Cost, Scale, Diversification, Income and Performance. General information only, not financial advice.
See full breakdown ↓General information only, not financial advice.
Overlap is estimated from the funds' listed top holdings, not their full constituent lists. These funds invest in different markets, so the expected overlap is approximately 0%.
Global X Australian Bank Credit ETF
Global X
VanEck Australian Floating Rate ETF
VanEck
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations. General information only, not financial advice.
BANK and FLOT are both Bonds ETFs: BANK tracks the and FLOT tracks the Bloomberg AusBond Credit FRN 0+ Yr Index. FLOT has the lower management fee (0.22% vs 0.25% p.a.). A holdings overlap is not reliably estimable for this pair. General information only, not financial advice.
Category scores compare these two ETFs only and are not absolute ratings.
BANK charges 0.25% p.a. and FLOT charges 0.22% p.a.; the lower fee leads on cost.
BANK manages $185.04M and FLOT manages $1.2B; the larger fund leads on scale, which can support tighter spreads.
BANK holds 137 positions and FLOT holds 228; the fund with broader holdings leads on diversification.
BANK distributes approximately 3.98% (Monthly) and FLOT approximately 5% (Monthly); the higher distribution yield leads on income.
Over the compared period BANK returned 4.2% and FLOT returned 3.6%. Past performance is not a reliable indicator of future returns.
Green highlights the factually lower fee or higher scale/income figure. Performance is never highlighted. Data from issuer disclosures, reviewed quarterly.
Yield figures are estimates based on recent distributions and may vary. Past distributions are not a reliable indicator of future distributions. General information only.
Past performance is not a reliable indicator of future returns.
Top 10 listed holdings for each fund, from issuer disclosures. General information only.
BANK top holdings
FLOT top holdings
Sector weights for BANKare approximate, inferred from the fund's category. General information only.
BANK sectors
FLOT sectors
Geographic weights for BANKare approximate, inferred from the fund's category. General information only.
BANK geography
FLOT geography
BANK scores 6.0/10 and FLOT scores 7.0/10 on this comparison. FLOT has the higher overall comparison score.
BANK may suit investors who: investors seeking income and dividend distributions.
FLOT may suit investors who: investors seeking income and dividend distributions.
BANK and FLOT do not share enough listed top holdings to reliably estimate a holdings overlap. Compare their fees, holdings and sectors on this page. General information only, not financial advice.
FLOT has the lower management fee. BANK charges 0.25% per year ($25 per year on a $10,000 investment) and FLOT charges 0.22% per year ($22 per year on a $10,000 investment). The difference is $3 per year per $10,000 invested. General information only, not financial advice.
BANK (Global X Australian Bank Credit ETF) manages approximately $185.04M and FLOT (VanEck Australian Floating Rate ETF) manages approximately $1.2B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee. General information only, not financial advice.
BANK and FLOT do not share enough listed top holdings to estimate overlap, so whether holding both duplicates your exposure depends on their full constituent lists. General information only, not financial advice.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. BANK charges 0.25% and FLOT charges 0.22%, so FLOT has the lower management fee. Compare their fees, holdings and sectors above and consider each fund's Product Disclosure Statement and Target Market Determination. General information only, not financial advice.
General information only.This comparison and the ETFLens tools on this page provide general information about two exchange-traded funds and do not take into account your personal objectives, financial situation or needs. It is not personal financial product or investment advice. ETFLens does not hold an Australian Financial Services Licence (AFSL). Holdings overlap is calculated from each fund's published holdings (full lists where the issuer publishes one, listed top holdings otherwise), and fee data is sourced from fund manager PDS documents and updated quarterly. Past performance is not a reliable indicator of future returns. Consider each fund's Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a registered tax agent or licensed financial adviser, before making investment decisions.
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