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

GRNV.AX vs. FLOT.AX

Last updated Jul 16, 2026
Documentation

GRNV.AX (VanEck MSCI Australian Sustainable Equity ETF) and FLOT.AX (VanEck Australian Floating Rate ETF) are both exchange-traded funds - GRNV.AX is a Global Equities fund tracking the VanEck MSCI Australian Sustainable Equity Index, while FLOT.AX is a Corporate Bonds fund tracking the VanEck Australian Floating Rate Index. Both are passively managed. Over the past 5 years, GRNV.AX returned 3.91%/yr vs 3.38%/yr for FLOT.AX. At a 0.01 correlation, their price movements are largely independent.

Performance

GRNV.AX vs. FLOT.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck MSCI Australian Sustainable Equity ETF (GRNV.AX) and VanEck Australian Floating Rate ETF (FLOT.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, GRNV.AX achieves a -5.59% return, which is significantly lower than FLOT.AX's 1.78% return.

GRNV.AX

1D
-0.16%
1M
-0.61%
6M
-5.39%
YTD
-5.59%
1Y
-5.50%
3Y*
6.15%
5Y*
3.91%
10Y*
5.10%

FLOT.AX

1D
0.08%
1M
0.44%
6M
1.66%
YTD
1.78%
1Y
3.57%
3Y*
4.55%
5Y*
3.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
GRNV.AX
VanEck MSCI Australian Sustainable Equity ETF		-5.59%8.50%11.86%14.17%-13.00%18.36%2.26%24.45%-4.99%6.27%
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%

Correlation

The correlation between GRNV.AX and FLOT.AX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

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

0.02

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

0.00

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

0.01

The correlation between GRNV.AX and FLOT.AX shifts across timeframes, from 0.00 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.

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VanEck MSCI Australian Sustainable Equity ETF

VanEck Australian Floating Rate ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRNV.AX
GRNV.AX Risk / Return Rank: 77
Overall Rank
GRNV.AX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
GRNV.AX Sortino Ratio Rank: 66
Sortino Ratio Rank
GRNV.AX Omega Ratio Rank: 66
Omega Ratio Rank
GRNV.AX Calmar Ratio Rank: 77
Calmar Ratio Rank
GRNV.AX Martin Ratio Rank: 77
Martin Ratio Rank
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
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.

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

This table presents a comparison of risk-adjusted performance metrics for VanEck MSCI Australian Sustainable Equity ETF (GRNV.AX) and VanEck Australian Floating Rate ETF (FLOT.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.

GRNV.AXFLOT.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.28
2.36

-2.64

Sortino ratioReturn per unit of downside risk
-0.28
3.47

-3.75

Omega ratioGain probability vs. loss probability

0.97

1.54

-0.58

Calmar ratioReturn relative to maximum drawdown

-0.24

7.10

-7.34

Martin ratioReturn relative to average drawdown

-0.48

19.26

-19.73

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

The current GRNV.AX Sharpe Ratio is -0.28, which is lower than the FLOT.AX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of GRNV.AX and FLOT.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

GRNV.AX vs. FLOT.AX - Drawdown Comparison

The maximum GRNV.AX drawdown since its inception was -37.16%, which is greater than FLOT.AX's maximum drawdown of -9.44%. Use the drawdown chart below to compare losses from any high point for GRNV.AX and FLOT.AX.

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Drawdown Indicators

GRNV.AXFLOT.AXDifference

Max Drawdown

Largest peak-to-trough decline

-37.16%

-9.44%

-27.72%

Max Drawdown (1Y)

Largest decline over 1 year

-19.26%

-0.48%

-18.78%

Max Drawdown (3Y)

Largest decline over 3 years

-19.26%

-0.84%

-18.42%

Max Drawdown (5Y)

Largest decline over 5 years

-20.56%

-1.36%

-19.20%

Max Drawdown (10Y)

Largest decline over 10 years

-37.16%

—

—

Current Drawdown

Current decline from peak

-12.07%

0.00%

-12.07%

Average Drawdown

Average peak-to-trough decline

-6.20%

-0.18%

-6.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.91%

0.18%

+9.73%

Volatility

GRNV.AX vs. FLOT.AX - Volatility Comparison

VanEck MSCI Australian Sustainable Equity ETF (GRNV.AX) has a higher volatility of 3.24% compared to VanEck Australian Floating Rate ETF (FLOT.AX) at 0.30%. This indicates that GRNV.AX's price experiences larger fluctuations and is considered to be riskier than FLOT.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GRNV.AXFLOT.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.24%

0.30%

+2.94%

Volatility (6M)

Calculated over the trailing 6-month period

12.34%

1.08%

+11.26%

Volatility (1Y)

Calculated over the trailing 1-year period

16.82%

1.44%

+15.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.97%

1.41%

+13.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.51%

3.16%

+12.35%

Dividends

GRNV.AX vs. FLOT.AX - Dividend Comparison

GRNV.AX's dividend yield for the trailing twelve months is around 2.10%, less than FLOT.AX's 3.38% yield.

PositionTTM2025202420232022202120202019201820172016
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%
GRNV.AX
VanEck MSCI Australian Sustainable Equity ETF		2.10%3.34%1.53%1.72%0.62%2.33%3.88%4.82%3.98%4.10%0.76%

Frequently Asked Questions

GRNV.AX and FLOT.AX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GRNV.AX is categorized as Global Equities, while FLOT.AX is Corporate Bonds. GRNV.AX tracks VanEck MSCI Australian Sustainable Equity Index, while FLOT.AX tracks VanEck Australian Floating Rate Index.

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