DIVI vs IDOG

DIVIAFranklin International Core Dividend Tilt Index ETF

IDOGCALPS International Sector Dividend Dogs 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.

IDOG Dogs of the Dow, shipped overseas. IDOG buys the five highest-yielding stocks in each of ten sectors across developed markets outside the Americas, weights them equally, and reshuffles the list every November.

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.

IDOG The fund seeks to track the S-Network International Sector Dividend Dogs Index before fees and expenses.

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.

• IDOG Sector-neutral by construction: five names per sector, equally weighted. The yield screen cannot pile into financials and energy the way cap-weighted dividend funds often do.alpsfunds.comsec.gov
• Rules, not hunches: yields are ranked on the last trading day of November, the index reconstitutes annually and rebalances quarterly. About 50 stocks, none of them US or Canadian.alpsfunds.comsec.gov
• The prospectus targets a correlation of 0.95 or better with its index before fees, and the fund lands in the upper half of its international dividend peer group. Pays quarterly.sec.gov
• Running since 2013, with a US sibling (SDOG) applying the same sector-by-sector playbook to large-cap American stocks.alpsfunds.com

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

• IDOG The 0.50% fee matches the peer-group median, but plain index rivals undercut it hard: VYMI at 0.07% and SCHY at 0.08%.
• It trades lightly next to the category's giants, so bid-ask spreads can be wider and large orders need more care.
• A raw yield rank can scoop up companies whose payout looks big because the price fell, and the roster only resets once a year. Foreign dividends arrive unhedged.sec.govalpsfunds.com

Full DIVI profile⁠

Full IDOG profile⁠