DIVI vs DVYA

DIVIAFranklin International Core Dividend Tilt Index ETF

DVYACiShares Asia/Pacific Dividend ETF

In short

DIVI A tilt, not a screen: DIVI optimizes a broad developed-markets ex-North America index toward higher yield while limiting drift from that parent. Core international shape, income lean, 0.09% a year.

DVYA Most international dividend funds sprinkle across the whole developed world. This one stays in developed Asia/Pacific and holds about 50 of the region's higher-yielding names, tracking a Dow Jones index since 2012.

Stated mandate

DIVI The Fund seeks to track, before fees and expenses, the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Its index methodology seeks higher dividend yield than the parent index while maintaining core exposure to developed markets outside North America.

DVYA The Fund seeks to track an index of relatively high-dividend-paying equities in developed Asia/Pacific markets.

Why people hold it

• DIVI Costs 0.09% a year, while the median fund in its international-dividend cohort charges closer to 0.50%.
• The index takes a broad developed ex-North America benchmark and optimizes it for higher yield while limiting expected tracking error to that parent. Income lean, core shape.sec.gov
• Tracks its index closely, among the strongest implementations in its peer group.
• A multi-billion-dollar fund holding about 80 developed-market names, paying distributions quarterly.

• DVYA A pure developed Asia/Pacific dividend sleeve: roughly 50 higher-yielding names from the Dow Jones Asia/Pacific Select Dividend 50 Index, not a global fund where the region is a footnote.
• The 0.49% expense ratio sits just under the typical fee in its international dividend-screen peer group.
• The index screens for relatively high current payers rather than dividend growers, and the fund distributes quarterly.
• Running since 2012 under the iShares roof, so the strategy has a long live record through several market cycles.

Worth knowing

• DIVI The tilt is mild by design: the index caps how far it can drift from its parent, so it reaches for less yield than funds built on hard high-yield screens.sec.gov
• Cheaper options sit in the same cohort (VYMI at 0.07%, SCHY at 0.08%), so the fee edge is over the category median, not over the largest index shops.
• Today's strategy dates to 2022, when the fund was renamed from Franklin LibertyQ International Equity Hedged ETF, so its 2016-onward record covers a different mandate.sec.gov

• DVYA Thinly traded with a modest asset base, so bid-ask spreads can run wider than at the broad international dividend heavyweights.
• That 0.49% is several times what broad international dividend funds charge (VYMI 0.07%, SCHY 0.08%, DIVI 0.09%). The regional focus is what you pay up for.
• About 50 holdings inside one region: single-stock and single-country swings land harder, and unhedged foreign currency moves add to the ride.

Full DIVI profile⁠

Full DVYA profile⁠