In contrast, VYM tries to reflect the performance of the FTSE High Dividend Yield Index, which tracks the highest yielding stocks in the U.S., excluding real estate investment trusts, and weighted by market capitalization. The fund has a 2.99% 12-month yield and a 0.10% expense ratio.
Sector allocations include consumer discretionary 6.1%, consumer staples 19.3%, energy 13.1%, financials 10.6%, health care 12.9%, industrials 12.6%, information technology 7.9%, materials 4.2%, telecom services 5.3% and utilities 8.0%.
In comparing returns, VIG has gained 9.4% over the past three months while VYM rose 10.0%.
For more information on dividend funds, visit our dividend ETFs category.
Max Chen contributed to this article.