While looking for passive income investments, there is no better place to look than a good dividend stock. Dividend stocks come in all forms and sizes, and with volatility in the market, it can be hard to choose the correct one.

Dividend-yielding ETFs (exchange-traded funds) have become the rage recently as tech stocks on the Nasdaq have plummeted, and people are seeking more income. So it is no surprise that people have been talking about dividend growth ETFs like SCHD and VIG.

SCHD and VYM are the two best dividend ETFs on the market. They provide a yield of around 3% and have a low cost of ownership. There is plenty of diversification in each fund, but each is designed differently.