SCHD and VYM Are Crushing the S&P 500 and Nasdaq-100. Here's the Better ETF of the 2 to Buy for Passive Income in August.
Market leadership has shifted to value stocks amid a sell-off in tech stocks.
Overview
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) and Vanguard High Dividend Yield ETF (NYSEMKT: VYM) have no shortage of similarities. They have almost identical net assets around $96 billion, dirt cheap expense ratios of 0.06% and 0.04%, respectively, and dividend yields of 3.3% and 2.3%, respectively.
They are also crushing the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 this year. The Nasdaq-100 is the 100 largest non-financial companies by market cap listed on the Nasdaq stock exchange.
Details
Here's the better choice between these two ETFs for income investors to buy in August.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.