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FLOT.AX vs. RCB.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLOT.AX vs. RCB.AX

Last updated Jul 16, 2026
Documentation

FLOT.AX (VanEck Australian Floating Rate ETF) and RCB.AX (Russell Investments Australian Select Corporate Bond ETF) are both Corporate Bonds funds - FLOT.AX tracks the VanEck Australian Floating Rate Index while RCB.AX tracks the Russell Investments Australian Select Corporate Bond Index. Both are passively managed. Over the past 5 years, FLOT.AX returned 3.38%/yr vs 1.99%/yr for RCB.AX. At a 0.04 correlation, their price movements are largely independent.

Performance

FLOT.AX vs. RCB.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 Russell Investments Australian Select Corporate Bond ETF (RCB.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLOT.AX achieves a 1.78% return, which is significantly higher than RCB.AX's 1.68% return.

FLOT.AX

1D
0.08%
1M
0.44%
6M
1.66%
YTD
1.78%
1Y
3.57%
3Y*
4.55%
5Y*
3.38%
10Y*
—

RCB.AX

1D
0.05%
1M
0.56%
6M
1.48%
YTD
1.68%
1Y
1.93%
3Y*
4.54%
5Y*
1.99%
10Y*
2.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
FLOT.AX
VanEck Australian Floating Rate ETF		1.78%4.53%5.19%4.66%0.94%0.16%1.67%2.58%1.95%1.53%
RCB.AX
Russell Investments Australian Select Corporate Bond ETF		1.68%4.03%4.73%5.33%-4.29%-1.83%5.58%6.27%2.87%1.75%

Correlation

The correlation between FLOT.AX and RCB.AX is -0.04, 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

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jul 6, 2017

0.04

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VanEck Australian Floating Rate ETF

Russell Investments Australian Select Corporate Bond ETF

Return for Risk

FLOT.AX vs. RCB.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: 9292
Overall Rank
FLOT.AX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FLOT.AX Sortino Ratio Rank: 9090
Sortino Ratio Rank
FLOT.AX Omega Ratio Rank: 9494
Omega Ratio Rank
FLOT.AX Calmar Ratio Rank: 9696
Calmar Ratio Rank
FLOT.AX Martin Ratio Rank: 9393
Martin Ratio Rank
RCB.AX
RCB.AX Risk / Return Rank: 1919
Overall Rank
RCB.AX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
RCB.AX Sortino Ratio Rank: 1818
Sortino Ratio Rank
RCB.AX Omega Ratio Rank: 1818
Omega Ratio Rank
RCB.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
RCB.AX Martin Ratio Rank: 1919
Martin Ratio Rank
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. RCB.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Floating Rate ETF (FLOT.AX) and Russell Investments Australian Select Corporate Bond ETF (RCB.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.AXRCB.AXDifference
Sharpe ratioReturn per unit of total volatility
2.36
0.53

+1.83

Sortino ratioReturn per unit of downside risk
3.47
0.81

+2.67

Omega ratioGain probability vs. loss probability

1.54

1.10

+0.44

Calmar ratioReturn relative to maximum drawdown

7.10

0.67

+6.43

Martin ratioReturn relative to average drawdown

19.26

1.65

+17.60

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

The current FLOT.AX Sharpe Ratio is 2.36, which is higher than the RCB.AX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of FLOT.AX and RCB.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.

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Drawdowns

FLOT.AX vs. RCB.AX - Drawdown Comparison

The maximum FLOT.AX drawdown since its inception was -9.44%, smaller than the maximum RCB.AX drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for FLOT.AX and RCB.AX.

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Drawdown Indicators

FLOT.AXRCB.AXDifference

Max Drawdown

Largest peak-to-trough decline

-9.44%

-11.09%

+1.65%

Max Drawdown (1Y)

Largest decline over 1 year

-0.48%

-2.86%

+2.38%

Max Drawdown (3Y)

Largest decline over 3 years

-0.84%

-2.86%

+2.02%

Max Drawdown (5Y)

Largest decline over 5 years

-1.36%

-8.30%

+6.94%

Max Drawdown (10Y)

Largest decline over 10 years

—

-11.09%

—

Current Drawdown

Current decline from peak

0.00%

-0.05%

+0.05%

Average Drawdown

Average peak-to-trough decline

-0.18%

-1.39%

+1.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.18%

1.18%

-1.00%

Volatility

FLOT.AX vs. RCB.AX - Volatility Comparison

The current volatility for VanEck Australian Floating Rate ETF (FLOT.AX) is 0.30%, while Russell Investments Australian Select Corporate Bond ETF (RCB.AX) has a volatility of 0.59%. This indicates that FLOT.AX experiences smaller price fluctuations and is considered to be less risky than RCB.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLOT.AXRCB.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.30%

0.59%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

1.08%

2.67%

-1.59%

Volatility (1Y)

Calculated over the trailing 1-year period

1.44%

3.61%

-2.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.41%

3.68%

-2.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.16%

5.41%

-2.25%

Dividends

FLOT.AX vs. RCB.AX - Dividend Comparison

FLOT.AX's dividend yield for the trailing twelve months is around 3.38%, less than RCB.AX's 4.43% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
RCB.AX
Russell Investments Australian Select Corporate Bond ETF		4.43%4.68%3.76%1.86%0.40%1.30%4.18%3.80%2.94%4.22%3.44%3.57%

Frequently Asked Questions

FLOT.AX and RCB.AX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLOT.AX tracks VanEck Australian Floating Rate Index, while RCB.AX tracks Russell Investments Australian Select Corporate Bond Index. They also come from different issuers: VanEck and Russell.

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