Here's how much income you'd get from $20,000 invested in these ASX ETFs

Here are two options for investors seeking a source of income from ETFs.

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The good thing about ASX exchange-traded funds (ETFs) is that they offer investors ways to invest in all types of shares.

This includes dividend shares, which means that income investors can use them to build out an income portfolio effortlessly.

But which ASX ETFs would be good options for income investors? And how much would a $20,000 generate in dividends? Let's look at two popular options:

BetaShares S&P 500 Yield Maximiser (ASX: UMAX)

The BetaShares S&P 500 Yield Maximiser could be an ASX ETF to buy for income.

As its name suggests, this ETF maximises the yields from the top 500 companies listed on Wall Street. This includes giants such as AppleExxon MobilJohnson & Johnson, and Walmart.

And when I say maximise, I mean it. The S&P 500 index currently trades with a dividend yield of approximately 1.5%. However, this ETF's actively managed covered call strategy means it aims to pay out significantly more.

For example, at the last count, its units were providing investors with a 5.1% dividend yield. This means that a $20,000 investment would provide $1,020 of income.

Vanguard Australian Shares Index ETF (ASX: VHY)

Another ASX ETF for income investors to look at is the Vanguard Australian Shares High Yield ETF.

This popular funds gives investors low-cost exposure to a diverse group of ~70 ASX shares that have higher forecast dividends relative to the market average.

Among its holdings are big miners and banks, such as BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA), as well as smaller names like Metcash Limited (ASX: MTS) and Eagers Automotive Ltd (ASX: APE).

At present, the ETF currently trades with a trailing dividend yield of 5.1%. This would also generate $1,020 of income from a $20,000 investment.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Apple and Walmart. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson. The Motley Fool Australia has positions in and/or has recommended BetaShares S&P 500 Yield Maximiser Fund, Metcash, and Eagers Automotive. The Motley Fool Australia has recommended Apple and Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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