Generating passive income from a diversified portfolio is a recipe for compounding wealth and not letting your investments keep you up at night. Exchange-traded funds (ETFs) that invest in dividend-paying companies can be an excellent way to achieve these objectives. Some ETFs incorporate more complex strategies for income generation, like covered calls or other derivatives contracts.

Here's why the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD), JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI), and the SPDR Dow Jones Industrial Average ETF (NYSEMKT: DIA) are three ETFs to consider buying in June.

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Source Fool.com