Sorry, my mistake. square wave for sure.
Can you reproduce the following measurements?
2.0V peak to peak sine wave 4kHz, No DC offset, duty cycle 50%. Both meters in AC mode. Firmware 1.07 on my 121GW with serial number EEVblog 000084
Auto mode on both meters, Fluke in highres mode:
121GW selects 5V range, reads 1.1133Vac
Fluke 28II selects 6V range, reads 0.7031Vac
manual mode on both meters:
121GW 5V range, reads 1.1133Vac
Fluke 28II 6V range, 0.7032Vac
121GW 50V range, reads 0.659Vac (and it looses the frequency measurement and displays 0.00kHz)
Fluke 28II 60V range, reads 0.663Vac
See the attached pictures.