Comparing two exchange-traded funds (ETFs) from Vanguard, let’s have a VYM vs. VIG showdown.
VYM tracks the FTSE High Dividend Yield Index. The FTSE tracks the stocks that offer higher-than-average dividend profits.
VIG is a dividend growth ETF that tracks the NASDAQ US Dividend Achievers Select Index.
VYM seeks to pay investors now, while VIG is investing in companies that offer to pay dividends in the future.
The expense ratio of both dividend-oriented funds is set at 0.06%. If you consider the other investment options in the ETF landscape, VIG and VYM are significantly cheaper.