You know indexing works. But in drawdown, in retirement, in FIRE — cash flow matters. This guide applies the same evidence-based rigor you apply to your index core to the income satellite you're considering.
We analyze every ETF on total return: NAV change plus distributions reinvested. Yield without NAV context is marketing, not analysis.
A fund paying more than it earns is mathematically unsustainable. Coverage ratios quantify this risk precisely — yet few retail resources cover them.
In a 30-40 year retirement, sequence of returns risk is real. A dividend income stream that doesn't require share sales is a genuine structural advantage.
Chapters marked Most Relevant are specifically applicable to your situation.
A systematic framework for classifying any income ETF from Cornerstone (Tier 1) to High Octane (Tier 5).
The 6 structural signals that separate sustainable income from return-of-capital illusions.
How distributions exceeding earnings gradually destroy principal — with real ETF case studies.
How to read a fund's distribution coverage ratio and what thresholds signal danger.
Real ETFs analyzed: which ones are yield traps, which are sustainable, and why.
A printable checklist to evaluate any dividend ETF in under 30 seconds.
A deep-dive due diligence process for any ETF you're considering adding to your portfolio.
How to combine tiers for your specific income goal — conservative to aggressive allocation models.
36% Performance Spread
The gap between the top and bottom quartile high-yield ETFs over 3 years. Evidence-based fund selection matters — perhaps more than in the index universe.
$99
One-time purchase. Instant download. No subscription.
Secure checkout creates access to the purchased guide PDF for download.
Get the free weekly DivAgent Letter. NAV reality checks, distribution autopsies, and a new ETF tier each week. From the desk of the editor.