Risks of owning this fund include its high concentration of international finance stocks, which represent roughly a third of its holdings. In addition, the fund's lifetime performance of 0.9% is well below the average return of U.S.-based benchmark indexes such as the S&P 500 over the same period.

Covered call ETFs have become highly popular in the United States because of their high dividends and regular payments. The JPMorgan Equity Premium Income ETF (JEPI) has accumulated over $37 billion in assets,

Its smart to seek income from your investments -- whether it's because you need that income to support yourself in retirement, or whether you want to use it to invest in more stocks. It's also a fine idea to seek that passive income from exchange-traded funds (ETFs) that are focused on dividend-paying shares.

The Schwab U.S. Dividend Equity ETF ( SCHD 0.57%), JPMorgan Equity Premium Income ETF ( JEPI 0.43%), and Vanguard Real Estate ETF ( VNQ -0.07%) are three great ETFs for generating passive income. They pay higher-yielding dividends that have grown over the years.