If you own an S&P 500 fund, you might want to consider replacing it with this better-performing dividend-stock fund

Most investors are aware that active money managers are hard-pressed to match the performance of broad — and inexpensive — index funds. But what would you say if you were offered an exchange traded fund that takes less risk than the S&P 500 but has outperformed it?

The First Trust Rising Dividend Achievers ETF RDVY holds 50 stocks — it is equally weighted, with the portfolio reconstituted annually and rebalanced each quarter.

Here’s…