With the equities market showing greater volatility, investors can take a look at dividend exchange traded funds that hold up during tougher times while generating some cash on the side.

“We believe that when pullbacks happen, dividend stocks fare better than others because their yields provide downside protection,” Geoffrey Mrema and Todd Rosenbluth, S&P Capital IQ, said in a MSN article. [Five ETFs to Help Ride Out Market Ebbs and Flows]

S&P Capital IQ analysts screened for “overweight” ETFs with a 12-month yield of over 2.5% that don’t focus on specific sectors like utilities, a traditional safe-haven, dividend play. [Big Yields on Foreign Soil with This ETF]

Some dividend picks that fit the bill include:

The SPDR S&P Dividend ETF (NYSEArca: SDY) tracks companies that have increased dividends every year for at least 20 years and includes 83 components. Top sectors include consumer staples 18%, financials 17% and industrials 13%. SDY has a 0.35% expense ratio, a 2.61% 12-month yield and is up 16.9% year-to-date.

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