When comparing two exchange-traded funds (ETFs) with very similar names, it’s a good default position to assume that they’re not the same.
Dividend ETFs are a great example of this
There are over 100 dividend ETFs in the marketplace. Most create their portfolios and generate income in very different ways. Take, for example, the iShares Core High Dividend ETF (NYSEMKT: HDV) and the Vanguard High Dividend Yield ETF (NYSEMKT: VYM).
Both have “high dividend” in their names and would, on the surface, seem to be similar. But they’re not. There’s only modest overlap.