Three ETFs offer double Treasury yields with varying credit risk and liquidity benefits for income investors.

Income investors face a choice between locking funds in low-yield Treasuries or seeking higher returns with credit risk. Three ETFs—SJNK, ANGL, and VRP—offer roughly double the yield of short-term Treasuries while trading on major exchanges for liquidity. SJNK focuses on short-duration junk bonds to limit interest-rate risk but carries default risk. ANGL invests in 'fallen angel' bonds, offering higher-quality junk with recognizable companies but longer duration risk. VRP holds variable-rate preferred securities, mainly from banks, providing floating coupons that adjust with short rates but with sector concentration risk. These ETFs suit different investor needs depending on risk tolerance and income goals, serving as income substitutes rather than capital preservation tools.