DIVI vs DWX

DIVIAFranklin International Core Dividend Tilt Index ETF

DWXBState Street SPDR S&P International 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.

DWX DWX goes hunting for the fattest dividends outside the US: roughly 100 high yielders pulled from the S&P Global ex-US BMI, China A shares excluded. Yield first, and it has been running that playbook since 2008.

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.

DWX The Fund seeks to track the total return of the S&P International Dividend Opportunities Index, an index of high-yielding international common stocks selected from the S&P Global ex-U.S. BMI, excluding China A shares.

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.

• DWX Yield-first by design. The index screens for high-yielding international common stocks rather than steady dividend growers, so the basket leans where payouts are richest.
• One of the older international dividend ETFs on the board, live since 2008, with a full market cycle of history behind the strategy.
• Tracks its benchmark tightly, one of the cleaner index implementations among international dividend funds, and the fee sits below the typical charge in that group.
• Concentrated on purpose: about 100 names, paying quarterly. You get a focused slice of global high-yield equity, not a 1,500-stock index blur.

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

• DWX It trades thinly for its size, so spreads can run wider than the household-name international dividend funds.
• At 0.45%, it costs several times what plain-vanilla rivals like VYMI, SCHY and VIGI charge. You are paying up for the high-yield screen.
• Chasing the highest yields abroad concentrates the fund in whichever sectors and countries are paying most at rebalance, a different risk mix than a broad international index.

Full DIVI profile⁠

Full DWX profile⁠