VYM: If You're Chasing Dividends, This Might Trip You Up

Vanguard High Dividend Yield Index Fund ETF (VYM) offers low-cost, large-cap value exposure with a 2.29% TTM yield and 15 years of dividend growth. VYM underweights tech, favoring financials, energy, and consumer defensive sectors, which could limit long-term return potential given tech's higher earnings growth. While VYM's value tilt has benefited from recent sector rotation, its risk and volatility metrics remain similar to the S&P 500.