“I believe SPHD is a quality ETF that has shown it can outperform the broad market during a correction. In addition, SPHD has a dividend yield of 3.70%, which is significantly above the current ten-year treasury rate and significantly, above the 2.24% the S&P 500 is currently yielding,” according to a Seeking Alpha analysis of SPHD.

SPHD charges 0.3% year and pays its dividend on a monthly basis, allowing for steadier income for income investors.

PowerShares S&P 500 High Dividend Portfolio