Global X S&P 500 High Yield Low Volatility ETF (ZYUS) — Review & Analysis

ZYUS tracks the S&P 500 High Dividend Low Volatility Index — selecting US stocks that combine high dividend yield with below-average volatility. AUM is $71.11 million as at May 2026 with a 0.35% p.a. management fee. Distributions are paid quarterly. Compare ZYUS across the dividend cohort on our high dividend yield ETF page or use the Compare ETFs tool to evaluate against VIHY, WDIV and INCM.

The income methodology applies two screens simultaneously — high yield plus low volatility. The S&P 500 universe is first filtered for dividend yield, then the highest-yielding 75 names are ranked by 12-month volatility and the lowest-volatility 50 are selected. The result is a defensive portfolio of mature US dividend payers — utilities, consumer staples, REITs, telecoms, regulated industrials — explicitly excluding the higher-volatility tech and consumer discretionary names that dominate the S&P 500.

ZYUS competes most directly with VIHY (Vanguard International Shares High Yield, 0.30%) and the broader global dividend funds WDIV and INCM. ZYUS is more US-concentrated than the broader global aristocrat funds, and the dual-screen methodology delivers cleaner low-vol-yield exposure than pure yield-tilted alternatives.

ZYUS is unhedged. The low-volatility tilt reduces drawdowns versus broader US dividend exposure during equity sell-offs but caps upside during strong rallies. Our high dividend yield ETFs 2026 passive income guide compares ZYUS alongside other US-focused income strategies.