DNL vs SCHY

DNLCWisdomTree Global ex-U.S. Quality Growth Fund

SCHYASchwab International Dividend Equity ETF

In short

DNL A 2006-vintage WisdomTree original that cut its dividend cord: since October 2025 the index ranks developed and emerging companies outside the U.S. on growth and quality, with no payout required to make the cut.

SCHY Schwab's dividend playbook with a passport: an index of non-US high payers filtered for sustained dividends, financial strength and low volatility, run for 0.08% a year while the typical fund in its group charges 0.50%.

Stated mandate

DNL The Fund seeks to track the investment results of companies with quality and growth characteristics in developed and emerging equity markets outside the United States.

SCHY The fund seeks to track, before fees and expenses, an index of high-dividend-yielding stocks issued by companies outside the United States. Its index methodology emphasizes sustained dividend payments, relative financial strength, and lower volatility.

Why people hold it

• DNL The 2025 rebuild dropped the dividend requirement and switched to market-cap weighting, so the screen is now growth and quality on their own terms rather than payout-driven.wisdomtree.com
• 0.42% a year, below the 0.50% median for screened international funds in its peer group.
• Developed and emerging markets ride in one ticker, so there is no separate EM sleeve to bolt on.wisdomtree.com
• Trading since 2006, one of WisdomTree's first-wave funds, so the operating history is long even though the index playbook is new.

• SCHY Costs 0.08% a year against a 0.50% median for international dividend screens, one of the cheapest ways to rent this strategy.
• The index does more than chase yield: it screens for sustained payers, relative financial strength and lower volatility. Cash goes out quarterly.
• A plain passive tracker of the Dow Jones International Dividend 100 Index that has hugged its benchmark closely, with a multibillion-dollar base and shares that trade actively.
• Stands among the stronger implementations in its international dividend peer group on cost, tracking and tradability.

Worth knowing

• DNL Cohort leaders like VYMI and SCHY charge single-digit basis points; this screen costs several times that.
• Thinly traded next to the giants of international equity, so spreads can run wider than headline cost suggests.
• Income is a byproduct now, not the mission: distributions still land quarterly, but nothing in the methodology requires a dividend.wisdomtree.com

• SCHY Roughly 130 stocks, a narrower net than a broad international fund. Dividend screens naturally bunch up in a handful of sectors and countries.
• Launched in 2021, so it carries a shorter live record than the veterans of international dividend investing.
• Two neighbors shave the fee a touch further: VYMI and VIGI charge 0.07%, though each screens for different things.

Full DNL profile⁠

Full SCHY profile⁠