Key Points The Vanguard High Dividend Yield ETF offers the most diversification. The Vanguard ETF competes against ETFs like the SPDR Portfolio S&P 500 High Dividend Yield ETF and Schwab U.S. Dividend Equity ETF. Vanguard's ETF is different in a key way, but it falls behind in another, perhaps more important, way. 10 stocks we like better than Vanguard Whitehall Funds - Vanguard High Dividend Yield ETF › As the name of the Vanguard High Dividend Yield ETF (NYSEMKT: VYM) says, it is a dividend-cen ...