diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6fd49a2ba..97707dc45 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,7 @@
 # Changelog
+- v0.28.0
+  - Fix mismatched behavior between `PyArrayLike1` and `PyArrayLike2` when used with floats ([#520](https://github.com/PyO3/rust-numpy/pull/520))
+
 - v0.27.1
   - Bump ndarray dependency to v0.17. ([#516](https://github.com/PyO3/rust-numpy/pull/516))
 
diff --git a/src/array_like.rs b/src/array_like.rs
index 0419c1438..dfea56165 100644
--- a/src/array_like.rs
+++ b/src/array_like.rs
@@ -10,10 +10,10 @@ use pyo3::{
 };
 
 use crate::array::PyArrayMethods;
-use crate::{get_array_module, Element, IntoPyArray, PyArray, PyReadonlyArray};
+use crate::{get_array_module, Element, IntoPyArray, PyArray, PyReadonlyArray, PyUntypedArray};
 
 pub trait Coerce: Sealed {
-    const VAL: bool;
+    const ALLOW_TYPE_CHANGE: bool;
 }
 
 mod sealed {
@@ -29,7 +29,7 @@ pub struct TypeMustMatch;
 impl Sealed for TypeMustMatch {}
 
 impl Coerce for TypeMustMatch {
-    const VAL: bool = false;
+    const ALLOW_TYPE_CHANGE: bool = false;
 }
 
 /// Marker type to indicate that the element type received via [`PyArrayLike`] can be cast to the specified type by NumPy's [`asarray`](https://numpy.org/doc/stable/reference/generated/numpy.asarray.html).
@@ -39,7 +39,7 @@ pub struct AllowTypeChange;
 impl Sealed for AllowTypeChange {}
 
 impl Coerce for AllowTypeChange {
-    const VAL: bool = true;
+    const ALLOW_TYPE_CHANGE: bool = true;
 }
 
 /// Receiver for arrays or array-like types.
@@ -151,7 +151,11 @@ where
 
         let py = ob.py();
 
-        if matches!(D::NDIM, None | Some(1)) {
+        // If the input is already an ndarray and `TypeMustMatch` is used then no type conversion
+        // should be performed.
+        if (C::ALLOW_TYPE_CHANGE || ob.cast::<PyUntypedArray>().is_err())
+            && matches!(D::NDIM, None | Some(1))
+        {
             if let Ok(vec) = ob.extract::<Vec<T>>() {
                 let array = Array1::from(vec)
                     .into_dimensionality()
@@ -170,7 +174,7 @@ where
             })?
             .bind(py);
 
-        let kwargs = if C::VAL {
+        let kwargs = if C::ALLOW_TYPE_CHANGE {
             let kwargs = PyDict::new(py);
             kwargs.set_item(intern!(py, "dtype"), T::get_dtype(py))?;
             Some(kwargs)
diff --git a/tests/array_like.rs b/tests/array_like.rs
index 9a2afcfdf..d08e98abf 100644
--- a/tests/array_like.rs
+++ b/tests/array_like.rs
@@ -132,6 +132,50 @@ fn unsafe_cast_shall_fail() {
     });
 }
 
+#[test]
+fn extract_1d_array_of_different_float_types_fail() {
+    Python::attach(|py| {
+        let locals = get_np_locals(py);
+        let py_list = py
+            .eval(
+                c_str!("np.array([1, 2, 3, 4], dtype='float64')"),
+                Some(&locals),
+                None,
+            )
+            .unwrap();
+        let extracted_array_f32 = py_list.extract::<PyArrayLike1<'_, f32>>();
+        let extracted_array_f64 = py_list.extract::<PyArrayLike1<'_, f64>>().unwrap();
+
+        assert!(extracted_array_f32.is_err());
+        assert_eq!(
+            array![1_f64, 2_f64, 3_f64, 4_f64],
+            extracted_array_f64.as_array()
+        );
+    });
+}
+
+#[test]
+fn extract_2d_array_of_different_float_types_fail() {
+    Python::attach(|py| {
+        let locals = get_np_locals(py);
+        let py_list = py
+            .eval(
+                c_str!("np.array([[1, 2], [3, 4]], dtype='float64')"),
+                Some(&locals),
+                None,
+            )
+            .unwrap();
+        let extracted_array_f32 = py_list.extract::<PyArrayLike2<'_, f32>>();
+        let extracted_array_f64 = py_list.extract::<PyArrayLike2<'_, f64>>().unwrap();
+
+        assert!(extracted_array_f32.is_err());
+        assert_eq!(
+            array![[1_f64, 2_f64], [3_f64, 4_f64]],
+            extracted_array_f64.as_array()
+        );
+    });
+}
+
 #[test]
 fn unsafe_cast_with_coerce_works() {
     Python::attach(|py| {