Dividend investors may find the S&P 500's current 1.2% yield underwhelming, but targeted ETFs offer an appealing solution. The Schwab U.S. Dividend Equity ETF delivers a 3.6% yield by focusing on high-quality companies with strong financials and a history of at least 10 consecutive years of dividend growth. 

Alternatively, the SPDR Portfolio S&P 500 High Dividend ETF emphasizes pure yield, offering a 4.3% yield by selecting the 80 highest-yielding stocks in the S&P 500. While the Schwab ETF prioritizes financial strength and diversification, the SPDR ETF leans into concentrated sectors like real estate and utilities, introducing some risk. 

Pairing the two ETFs can balance yield and quality, creating a diversified income stream for investors. 

Finsum: For those pursuing passive income, these ETFs provide accessible, tailored options that cater to varying investment goals and risk tolerances.