As of the end of June, the two funds paid out 3.5% and 3.2% respectively while 10-year Treasuries currently offer a yield of approximately 2.4%.

The strengths of dividend-paying equity ETFs like DVY and SDY are ultimately two-fold. As explained above, during periods of economic duress, their yields will aid in weathering storms. Meanwhile, when the market action reverses and investors regain a taste for risk, the well- balanced, widely diversified nature of the two funds will make them attractive as well.

Market turmoil within the U.S., combined with macro issues facing other corners of the globe, have helped to produce an unsettlingly volatile investing environment. Watching every tick taking place during the course of the trading day can stoke fear and doubts into the hearts of even the most bullish of investors. This uncertainty can lead to detrimental and unnecessary actions.

Rather than trying to capture every market fluctuation, investors should keep their eyes on the road ahead. Funds like DVY and SDY will come in handy when the recovery gets back on track.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management owned the iShares Dow Jones Select Dividend Index Fund.

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