What about VYM? That seems pretty immune to the shenanigans of the tech bros. You can't fake dividends.

Historically, VYM does considerably worse than VTI or VOO, but if someone is really worried about an AI bubble, a P/E bubble, or the malign affects of IPO fast-tracking, maybe they should be betting that the overperformance of those indices will not hold for the next decade...

And, yeah, tax drag, but I know the similar but more concentrated SCHD pays virtually all of its dividends as "qualified," so the tax rate is lower than marginal income. I can't find the fraction of qualified dividends from VYM instantly, so I'm going to have to simply guess it is also pretty high (hopefully well over 90%).