FLOT.AX vs. CRED.AX

Last updated Jul 18, 2026

FLOT.AX (VanEck Australian Floating Rate ETF) and CRED.AX (Betashares Australian Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - FLOT.AX tracks the VanEck Australian Floating Rate Index while CRED.AX tracks the Solactive Australian Investment Grade Corporate Bond Select TR Index. Both are passively managed. Over the past 5 years, FLOT.AX returned 3.39%/yr vs 0.47%/yr for CRED.AX. At a 0.03 correlation, their price movements are largely independent.

Performance

FLOT.AX vs. CRED.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Australian Floating Rate ETF (FLOT.AX) and Betashares Australian Investment Grade Corporate Bond ETF (CRED.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLOT.AX achieves a 1.82% return, which is significantly higher than CRED.AX's 0.80% return.

FLOT.AX

• 1D: 0.04%
• 1M: 0.40%
• 6M: 1.66%
• YTD: 1.82%
• 1Y: 3.52%
• 3Y*: 4.57%
• 5Y*: 3.39%
• 10Y*: —

CRED.AX

• 1D: 0.00%
• 1M: -0.14%
• 6M: -0.06%
• YTD: 0.80%
• 1Y: 0.82%
• 3Y*: 5.71%
• 5Y*: 0.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLOT.AX vs. CRED.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLOT.AX VanEck Australian Floating Rate ETF	1.82%	4.53%	5.19%	4.66%	0.94%	0.16%	1.67%	2.58%	1.28%
CRED.AX Betashares Australian Investment Grade Corporate Bond ETF	0.80%	4.54%	6.26%	10.78%	-14.47%	-3.35%	7.78%	11.29%	3.70%

Correlation

The correlation between FLOT.AX and CRED.AX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 31, 2018	0.03

Return for Risk

FLOT.AX vs. CRED.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLOT.AX

FLOT.AX Risk / Return Rank: 94
FLOT.AX Sharpe Ratio Rank: 91
FLOT.AX Sortino Ratio Rank: 92
FLOT.AX Omega Ratio Rank: 94
FLOT.AX Calmar Ratio Rank: 96
FLOT.AX Martin Ratio Rank: 94

CRED.AX

CRED.AX Risk / Return Rank: 12
CRED.AX Sharpe Ratio Rank: 13
CRED.AX Sortino Ratio Rank: 12
CRED.AX Omega Ratio Rank: 12
CRED.AX Calmar Ratio Rank: 12
CRED.AX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLOT.AX vs. CRED.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Floating Rate ETF (FLOT.AX) and Betashares Australian Investment Grade Corporate Bond ETF (CRED.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLOT.AX	CRED.AX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	0.18	+2.21
Sortino ratio: Return per unit of downside risk	3.51	0.28	+3.23
Omega ratio: Gain probability vs. loss probability	1.55	1.03	+0.52
Calmar ratio: Return relative to maximum drawdown	7.18	0.14	+7.04
Martin ratio: Return relative to average drawdown	19.49	0.28	+19.21

FLOT.AX vs. CRED.AX - Sharpe Ratio Comparison

The current FLOT.AX Sharpe Ratio is 2.39, which is higher than the CRED.AX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of FLOT.AX and CRED.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLOT.AX vs. CRED.AX - Drawdown Comparison

The maximum FLOT.AX drawdown since its inception was -9.44%, smaller than the maximum CRED.AX drawdown of -21.76%. Use the drawdown chart below to compare losses from any high point for FLOT.AX and CRED.AX.

Drawdown Indicators

	FLOT.AX	CRED.AX	Difference
Max Drawdown Largest peak-to-trough decline	-9.44%	-21.76%	+12.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.48%	-5.54%	+5.06%
Max Drawdown (3Y) Largest decline over 3 years	-0.84%	-5.54%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-1.36%	-21.76%	+20.40%
Current Drawdown Current decline from peak	0.00%	-2.41%	+2.41%
Average Drawdown Average peak-to-trough decline	-0.18%	-5.72%	+5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	2.87%	-2.69%

Volatility

FLOT.AX vs. CRED.AX - Volatility Comparison

The current volatility for VanEck Australian Floating Rate ETF (FLOT.AX) is 0.28%, while Betashares Australian Investment Grade Corporate Bond ETF (CRED.AX) has a volatility of 0.89%. This indicates that FLOT.AX experiences smaller price fluctuations and is considered to be less risky than CRED.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLOT.AX	CRED.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	0.89%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	1.08%	3.70%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	4.46%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.41%	6.36%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.16%	6.21%	-3.05%

Dividends

FLOT.AX vs. CRED.AX - Dividend Comparison

FLOT.AX's dividend yield for the trailing twelve months is around 3.38%, less than CRED.AX's 3.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRED.AX Betashares Australian Investment Grade Corporate Bond ETF	3.93%	4.49%	4.01%	4.53%	3.53%	5.14%	4.29%	3.35%	1.82%	0.00%
FLOT.AX VanEck Australian Floating Rate ETF	3.38%	4.30%	4.56%	4.30%	1.53%	0.92%	1.33%	2.47%	2.02%	1.20%

Frequently Asked Questions

Can I hold both FLOT.AX and CRED.AX in my portfolio?

FLOT.AX and CRED.AX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FLOT.AX and CRED.AX?

FLOT.AX tracks VanEck Australian Floating Rate Index, while CRED.AX tracks Solactive Australian Investment Grade Corporate Bond Select TR Index. They also come from different issuers: VanEck and BetaShares.