Since many investment opportunities abound nowadays, how will you choose the fund that will be a new asset to suit your portfolio?
VYM aims to provide high dividend payouts to investors by holding stocks with high dividend yields, excluding the REITs .
VIG is a diverse fund that offers exposure to domestic companies with dividend growth stocks.
VYM tracks the FTSE High Dividend Yield Index, while VIG NASDAQ US Dividend Achievers Select Index.
The volatility of VYM is factored at 4.11% monthly and 14.23% annually. It is comparatively higher than that of VIG but still less than the average volatility rate of the US stock market.
The expense ratio of both dividend-oriented funds is set at 0.06%. VIG and VYM are significantly cheaper.