VYM invests in high-dividend U.S. stocks, similar in spirit to SCHD but holding more names and with heavier weighting toward megacaps like Broadcom, JPMorgan, and ExxonMobil. Its 2.22% yield and -6.7% max drawdown show solid downside protection.

Where SCHD screens for both yield and financial quality, VYM uses a comparatively simpler high-yield screen. Since the two overlap substantially, it's more common to hold one rather than both.