Core Insights - Income-focused investors must choose between a diversified fund with lower costs (Vanguard Total World Stock ETF, VT) and an ETF with a higher dividend yield (SPDR Portfolio MSCI Global Stock Market ETF, SPGM) [1][4] Fund Comparison - VT offers broad global equity exposure with 9,773 holdings, while SPGM has 2,838 holdings, providing a more concentrated portfolio [6][7] - VT has an expense ratio of 0.06% and a dividend yield of 1.7%, whereas SPGM has an expense ratio of 0.09% and a higher dividend yield of 2.8% [3][4] - Over the past year, VT returned 16.8% and SPGM returned 18.1% [3] Performance Metrics - Both funds have delivered similar annualized total returns since 2012, with SPGM at 10.7% and VT at 10.5% [8] - The maximum drawdown over five years for VT is -26.38% and for SPGM is -25.92% [5] Sector Allocation - SPGM's sector mix includes 25% technology, 18% financial services, and 12% industrials, with top holdings in Nvidia (4.1%), Apple (3.9%), and Microsoft (3.4%) [6] - VT has a similar sector allocation but with a more diversified approach, leading to smaller individual stock weights [7] Dividend Growth - SPGM's dividend has grown by 12% annually over the last decade, compared to VT's 5% growth during the same period [9]