If you like to keep things simple, the question really boils down to which ETF or mutual fund fits best with your investment needs. If that need is income, an S&P 500 tracker isn't a great pick right now. A better choice is the Schwab U.S. Dividend Equity ETF. For starters, the Schwab U.S. Dividend Equity ETF offers an attractive 3.8% dividend yield at a time when the S&P 500 index is only offering a yield of roughly 1.2%. Second, the Schwab U.S. Dividend Equity ETF is very cost-effective, with an expense r ...