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

VACF.AX vs. FLOT.AX

Last updated Jul 16, 2026
Documentation

VACF.AX (Vanguard Australian Corporate Fixed Interest Index ETF) and FLOT.AX (VanEck Australian Floating Rate ETF) are both Corporate Bonds funds - VACF.AX tracks the Vanguard Australian Corporate Fixed Interest Index Index while FLOT.AX tracks the VanEck Australian Floating Rate Index. Both are passively managed. Over the past 5 years, VACF.AX returned 1.09%/yr vs 3.38%/yr for FLOT.AX. At a 0.02 correlation, their price movements are largely independent.

Performance

VACF.AX vs. FLOT.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Australian Corporate Fixed Interest Index ETF (VACF.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, VACF.AX achieves a 1.14% return, which is significantly lower than FLOT.AX's 1.78% return.

VACF.AX

1D
0.20%
1M
0.37%
6M
1.63%
YTD
1.14%
1Y
1.80%
3Y*
4.32%
5Y*
1.09%
10Y*
2.36%

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)

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

2026 (YTD)202520242023202220212020201920182017
VACF.AX
Vanguard Australian Corporate Fixed Interest Index ETF		1.14%3.96%3.77%6.53%-7.54%-1.64%4.64%6.84%2.77%2.06%
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 VACF.AX and FLOT.AX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.10

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

0.08

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

0.02

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Vanguard Australian Corporate Fixed Interest Index ETF

VanEck Australian Floating Rate ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VACF.AX
VACF.AX Risk / Return Rank: 1616
Overall Rank
VACF.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
VACF.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
VACF.AX Omega Ratio Rank: 1616
Omega Ratio Rank
VACF.AX Calmar Ratio Rank: 1616
Calmar Ratio Rank
VACF.AX Martin Ratio Rank: 1515
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Australian Corporate Fixed Interest Index ETF (VACF.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.

VACF.AXFLOT.AXDifference
Sharpe ratioReturn per unit of total volatility
0.48
2.36

-1.88

Sortino ratioReturn per unit of downside risk
0.69
3.47

-2.78

Omega ratioGain probability vs. loss probability

1.09

1.54

-0.45

Calmar ratioReturn relative to maximum drawdown

0.50

7.10

-6.60

Martin ratioReturn relative to average drawdown

1.05

19.26

-18.20

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

The current VACF.AX Sharpe Ratio is 0.48, which is lower than the FLOT.AX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of VACF.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

VACF.AX vs. FLOT.AX - Drawdown Comparison

The maximum VACF.AX drawdown since its inception was -12.40%, 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 VACF.AX and FLOT.AX.

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Drawdown Indicators

VACF.AXFLOT.AXDifference

Max Drawdown

Largest peak-to-trough decline

-12.40%

-9.44%

-2.96%

Max Drawdown (1Y)

Largest decline over 1 year

-3.34%

-0.48%

-2.86%

Max Drawdown (3Y)

Largest decline over 3 years

-3.34%

-0.84%

-2.50%

Max Drawdown (5Y)

Largest decline over 5 years

-12.40%

-1.36%

-11.04%

Max Drawdown (10Y)

Largest decline over 10 years

-12.40%

—

—

Current Drawdown

Current decline from peak

-0.46%

0.00%

-0.46%

Average Drawdown

Average peak-to-trough decline

-2.38%

-0.18%

-2.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

0.18%

+1.42%

Volatility

VACF.AX vs. FLOT.AX - Volatility Comparison

Vanguard Australian Corporate Fixed Interest Index ETF (VACF.AX) has a higher volatility of 0.71% compared to VanEck Australian Floating Rate ETF (FLOT.AX) at 0.30%. This indicates that VACF.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

VACF.AXFLOT.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.71%

0.30%

+0.41%

Volatility (6M)

Calculated over the trailing 6-month period

2.75%

1.08%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

3.49%

1.44%

+2.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.73%

1.41%

+2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.75%

3.16%

+0.59%

Dividends

VACF.AX vs. FLOT.AX - Dividend Comparison

VACF.AX's dividend yield for the trailing twelve months is around 2.91%, 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%
VACF.AX
Vanguard Australian Corporate Fixed Interest Index ETF		2.91%3.82%1.52%1.33%0.52%1.83%2.90%2.54%1.80%2.29%1.77%

Frequently Asked Questions

VACF.AX and FLOT.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.

VACF.AX tracks Vanguard Australian Corporate Fixed Interest Index Index, while FLOT.AX tracks VanEck Australian Floating Rate Index. They also come from different issuers: Vanguard and VanEck.

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