That's been incredible for dividend investors since most of the biggest and strongest energy companies pay very generous dividends that are well-protected by their cash flows and strong operations, making the Energy Select Sector SPDR ETF ( -0.57%) increasingly appealing for dividend investors.Slightly more expensive than the other ETFs we have discussed, the Energy Select Sector SPDR expense ratio is 0.09%, but its yield of almost 4% is one of the highest in the group.Maybe most important is the makeup of its holdings, the majority of which are companies like ExxonMobil ( -1.39%), Chevron ( -0.35%), Marathon Petroleum ( -0.78%), and EOG Resources ( -0.98%).One caveat for this sector ETF: While the yield is high now, and most of the dividends are likely to remain steady and strong, a significant and protracted downturn in oil prices could lead to dividend cuts for the oil producers that pay a variable dividend.The ETF is also likely to be the most volatile; the stock prices of many of these companies tend to move up and down with oil prices. If you're looking for less volatility, this may not be the right ETF for you.But if your focus is generally high dividends with some short-term risk and more volatility in the share prices, the Energy Select Sector SPDR could be the biggest winner of the bunch., But dividend ETFs make it even easier to own a diversified portfolio of great dividend stocks than buying each stock individually. Forbes Advisor has curated a list of the best dividend ETFs., The Top High Dividend ETFs for Passive Income in 2025 We expect these highly rated dividend ETFs with big yields to outperform over the long term..