DIVI vs PID

DIVIAFranklin International Core Dividend Tilt Index ETF

PIDCInvesco International Dividend Achievers 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.

PID One of the original ways to own dividend growth outside the US. Since 2005, PID has run the Achievers streak test (five straight years of rising payouts) on non-US companies, landing on a tight roster of about 60 names.

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.

PID The Fund seeks international dividend-achiever exposure, normally investing at least 90% of assets in dividend-paying stocks and other securities in its Index. Eligible companies have consistently increased aggregate regular cash dividends for at least five consecutive years.

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.

• PID The screen is a hurdle, not a yield grab: a company must have raised its aggregate regular cash dividend five consecutive years just to be eligible.invesco.com
• Trading since 2005, one of the longest-running international dividend-growth ETFs on the tape, with a multi-cycle operating history behind the strategy.
• Roughly 60 stocks with at least 90% of assets in index securities. You get the screen you signed up for, not a closet global benchmark.
• Cash arrives on a quarterly schedule, from a portfolio assembled entirely around payout-raising companies.

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

• PID At 0.53% it sits above the 0.50% cohort median, and rivals like VYMI (0.07%), SCHY (0.08%) and VIGI (0.07%) run international dividend books for a fraction of that.
• Moderately traded rather than a category heavyweight, so spreads and order handling matter more on large or hurried trades.
• A five-year streak rule shrinks the pond. With about 60 holdings, country and sector weights can tilt hard toward wherever dividend streaks cluster.

Full DIVI profile⁠

Full PID profile⁠