Retirees seeking steady income and lower market risk often favor investments that pay regular dividends, keep costs low, and spread risk across many holdings. Key Points These ETFs are attractive to retirees due to their diversification, low volatility, cost structure, or dividend distribution schedules. (Sponsor)Franklin U.S. Low Volatility High Dividend ETF (LVHD)DenisTangneyJr / E+ via Getty ImagesLVHD targets U.S. stocks that offer relatively high dividends while exhibiting lower price swings. Invesco S&P 500 High Dividend Low Volatility ETF (SPHD)mixmotive / iStock Editorial via Getty ImagesSPHD begins with high-yield S&P 500 names, then selects the subset with the lowest historical volatility to form its portfolio. Vanguard High Dividend Yield ETF (VYM)24/7 Wall St.VYM gives broad exposure to large-cap U.S. companies with robust dividend histories by tracking the FTSE High Dividend Yield Index.