Reduced risk and passive income from these 2 high-yield ETF

Vanguard High Dividend Yield ETF (VYM) offers broad exposure to 452 high dividend payers

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Top holdings include ExxonMobil, JPMorgan, Johnson & Johnson - focused on financials, consumer staples, healthcare, industrials

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VYM yield of 3.4% is over double the S&P 500 average of 1.6%

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10-year returns lag market but beta of 0.85 signals lower volatility

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Schwab US Dividend Equity ETF (SCHD) tracks 104 companies with long dividend histories

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Top SCHD holdings: Broadcom, Amgen, Verizon, Coca-Cola, PepsiCo

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SCHD yield of 3.9% also well exceeds market average

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10-year SCHD returns trail S&P 500 but beta of 0.89 indicates lower risk

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Expense ratios of 0.06% for both ETFs provide low-cost dividend exposure

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