PowerShares High Yield Equity Dividend Achievers Portfolio (NYSEArca: PEY)
Trailing 12-month yield: 3.4%
Comment: Although PEY is chock full of mature, dependable large-cap dividend payers, the ETF offers an avenue for investors looking reduced small-cap volatility with a 36.6% weight to small-caps. PEY shows a 5-year Sharpe ratio, a measure of risk-adjusted performance, of 1.44, compared to the S&P 500 index’s 1.25, according to Morningstar data. A larger Sharpe ratio corresponds with a better risk-adjusted return. The ETF has nearly $432 million in assets under management and charges 0.55% per year.