DNL vs VYMI: Grades, Fees and Holdings Compared

WisdomTree Global ex-U.S. Quality Growth Fund

DNLCNYSE Arca

Vanguard International High Dividend Yield ETF

VYMIANasdaq

Overlap

5.8%by weight

Expense ratio

VYMI −0.35pt a year

DNL0.42%VYMI0.07%

Avg volume · 30D

VYMI 46.8×the volume

DNL18.1KVYMI849K

10Y return · a year

VYMI +2.2pt

DNL+8.4%VYMI+10.6%

DNL vs VYMI Performance

Oct 29, 2021 – Oct 30, 2026

+15.1%DNL+86.9%VYMI

Expense ratio: DNL 0.42%; VYMI 0.07%, better
Fund size: DNL $467M; VYMI $22.3B
1Y total return: DNL +6.3%; VYMI +23.7%, better
Yield (12M): DNL 1.19%; VYMI 3.67%, better
Holdings: DNL 232; VYMI 1532
Avg volume (30D): DNL 18.1K sh; VYMI 849K sh, better
NAV per share: DNL $43.62; VYMI $101.09
52W range

ETF.net Grade

DNL as of Oct 30, 2026

Pillar letters and Scores for DNL, VYMI, with each pillar’s weight
Pillar	DNL	VYMI
Cost30% weight	A71	A97Higher
Mission25% weight	A71	A100Higher
Risk15% weight	F9	B59Higher
Tradability15% weight	C53	B61Higher
Holdings10% weight	D29	A81Higher
Durability5% weight	C54	A89Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. DNL and VYMI are both graded against the same 34 International Dividend Index funds, so their Grades compare head to head.

International Dividend Index⁠

Category · 34 funds

See all 34 ›

VYMI ranks 1st and DNL 19th of 34 funds in the International Dividend Index Category.

Rank 1AVYMIVanguard International High Dividend Yield ETFScore 84
Rank 2ADIVIFranklin International Core Dividend Tilt Index ETFScore 78
Rank 19CDLSWisdomTree International SmallCap Dividend FundScore 53
Rank 19CDNLWisdomTree Global ex-U.S. Quality Growth FundScore 53
Rank 21CDTHWisdomTree International High Dividend FundScore 52

Our read on each fund

ETF.net Research

DNLCWisdomTree Global ex-U.S. Quality Growth Fund

VYMIAVanguard International High Dividend Yield 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.

VYMI Most international dividend funds hold a hundred-odd developed-market names. VYMI casts a far wider net: roughly 1,600 high-yielders across developed and emerging markets outside the US, at seven basis points.

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.

VYMI VYMI seeks to track the FTSE All-World ex US High Dividend Yield Index through passive sampling, targeting international stocks forecast to have above-average dividend yields.

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.

VYMI 0.07% a year, a fraction of the typical international dividend fund's fee and a shade under screened rivals like SCHY (0.08%) and IGRO (0.15%).
Roughly 1,600 stocks across developed and emerging markets ex-US, so no single name, sector or country carries the income load.vanguard.com
Samples the FTSE All-World ex US High Dividend Yield Index and has stayed unusually close to it, among the tightest trackers in its peer group.
Live since 2016, now a multi-billion-dollar fund that trades actively, and it pays out quarterly.

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

VYMI No currency hedge. Dividends and prices arrive in foreign currencies, and exchange-rate swings show up in dollar results either way.vanguard.com
The emerging-market sleeve adds political, liquidity and currency risk that developed-only dividend funds sidestep.vanguard.com
Screening on forecast yield tilts toward value and cyclical names, a different ride than dividend-growth peers like VIGI and IGRO.

Full DNL profile⁠

Full VYMI profile⁠

DNL vs VYMI Holdings

As of Oct 27, 2026

How DNL and VYMI differ

Overlap by weight

5.8%

Shared holdings make up 19.7% of DNL and 6.0% of VYMI.

Level by level

Holdings45 in both5.8%
Sector11 Sectors42.2%
Countryby domicile63.7%
Asset classEquity100%

Sector

Sector weights in DNL and VYMI, widest gap first
Sector	More in DNLMore in VYMI	DNL	VYMI
Financials	VYMI +40.6 points	3.8%	44.4%
Technology	DNL +30.9 points	36.4%	5.5%
Consumer Discretionary	DNL +11.4 points	17.1%	5.8%
Industrials	DNL +8.9 points	15.2%	6.3%
Consumer Staples	VYMI +5.3 points	1.1%	6.4%
Utilities	VYMI +4.6 points	0.5%	5.0%
Materials	VYMI +3.5 points	2.9%	6.4%
Health Care	DNL +3.4 points	9.8%	6.3%
Communication	DNL +3.2 points	6.9%	3.7%
Energy	VYMI +2.7 points	6.3%	9.0%
Real Estate	VYMI +1.1 points	0.0%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in DNL and VYMI, widest gap first
Country	More in DNLMore in VYMI	DNL	VYMI
South Korea	DNL +15.5 points	17.2%	1.7%
Netherlands	DNL +8.4 points	10.0%	1.6%
Switzerland	VYMI +6.0 points	1.0%	7.0%
Australia	VYMI +4.8 points	2.3%	7.1%
China	VYMI +4.2 points	1.6%	5.8%
South Africa	VYMI +4.1 points	0.5%	4.6%
Taiwan	DNL +3.3 points	9.3%	6.0%
Germany	VYMI +2.8 points	1.5%	4.3%
Other countries (30)	VYMI +5.4 points	56.5%	61.9%

Outside the US: DNL 69% developed, 31% emerging. VYMI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

DNL37.4%
VYMI13.8%

Securities held

DNL204
VYMI1,496

Asset class

DNL: Equity
VYMI: Equity

Holdings

Only in DNL159
In both45
Only in VYMI1,451

Only in DNL

159 securities, 78.5% of DNL by weight

Taiwan Semiconductor Manufacturing Co Ltd10.29%
ASML Holding NV6.76%
Tencent Holdings Ltd3.38%
Recruit Holdings Co Ltd2.83%
Astrazeneca PLC2.72%
Shopify Inc - Class A2.69%
LVMH Moet Hennessy Louis Vuitton SE2.45%
Fast Retailing Co Ltd2.14%
Advantest Corp1.90%
Hermes International1.79%
Tokyo Electron Ltd1.76%
Rolls-Royce Holdings PLC1.65%
Keyence Corp1.55%
Safran SA1.53%
CIE Financiere Richemont1.25%
Prosus1.05%
Imperial Oil Ltd1.02%
Shin-Etsu Chemical Co Ltd1.01%
Chugai Pharmaceutical Co Ltd0.96%
Atlas Copco Ab-A Shs0.94%
Ferrari NV0.89%
Infineon Technologies AG0.86%
Alimentation Couche-Tard Inc0.84%
Thomson Reuters Corp0.78%
Hoya Corp0.77%
Constellation Software Inc/Can0.70%
Fujikura Ltd0.68%
Xiaomi Corp-Class B0.67%
Rheinmetall AG0.67%
Dollarama Inc0.63%
argenx SE0.59%
Meituan - Class B0.59%
Dsv A/S0.58%
Sandoz Group Ag0.54%
STMicroelectronics NV0.49%
Oriental Land Co Ltd0.49%
Renesas Electronics Corp0.48%
Techtronic Industries Co0.47%
Disco Corp0.45%
Celestica Inc0.44%
ASM International NV0.43%
Ferrovial Se0.43%
Experian PLC0.43%
Aristocrat Leisure Ltd0.43%
Sika Ag-Reg0.41%
Prysmian SpA0.40%
Elite Material Co Ltd0.39%
Epiroc Ab-A0.38%
Adyen NV0.38%
BYD Co Ltd0.37%

Only in VYMI

1,451 securities, 93.7% of VYMI by weight

HSBC Holdings PLC1.81%
Roche Holding AG1.56%
Shell PLC1.48%
Royal Bank of Canada1.47%
Novartis AG1.42%
Mitsubishi UFJ Financial Group Inc1.35%
Nestle SA1.25%
MediaTek Inc1.21%
BHP Group Ltd1.15%
Banco Santander SA1.07%
Toronto-Dominion Bank/The1.04%
Toyota Motor Corp1.03%
Allianz SE0.96%
Commonwealth Bank of Australia0.93%
TotalEnergies SE0.92%
Sumitomo Mitsui Financial Group Inc0.85%
Banco Bilbao Vizcaya Argentaria SA0.84%
Iberdrola SA0.84%
UniCredit SpA0.71%
Mizuho Financial Group Inc0.70%
Unilever PLC0.68%
SLBBH11420.68%
DBS Group Holdings Ltd0.66%
Bank of Montreal0.63%
Bp PLC0.61%
Intesa Sanpaolo SpA0.61%
Bank of Nova Scotia/The0.60%
British American Tobacco PLC0.59%
China Construction Bank Corp0.59%
BNP Paribas SA0.56%
Enbridge Inc0.55%
ING Groep NV0.55%
Deutsche Telekom AG0.54%
Canadian Imperial Bank of Commerce0.54%
Zurich Insurance Group AG0.53%
Rio Tinto PLC0.52%
Gsk PLC0.51%
Hon Hai Precision Industry Co Ltd0.51%
Tokio Marine Holdings Inc0.50%
Sanofi SA0.47%
National Australia Bank Ltd0.45%
Westpac Banking Corp0.44%
Lloyds Banking Group PLC0.44%
Barclays PLC0.44%
Oversea-Chinese Banking Corp Ltd0.43%
ANZ Group Holdings Ltd0.43%
Industrial & Commercial Bank of China Ltd0.42%
Axa SA0.42%
National Grid PLC0.41%
Enel SpA0.40%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in DNL and VYMI, widest gap first
Holding	More in DNLMore in VYMI	DNL	VYMI
Industria de Diseno Textil	DNL +1.86 points	2.22%	0.36%
Equinor ASA	DNL +1.32 points	1.45%	0.13%
Canadian Natural Resources Ltd	DNL +1.22 points	1.73%	0.51%
Brookfield Asset Mgmt-A	DNL +1.09 points	1.18%	0.09%
UBS Group AG	DNL +1.04 points	1.83%	0.79%
Suncor Energy Inc	DNL +1.02 points	1.45%	0.43%
Novo Nordisk A/S-B	DNL +0.76 points	1.41%	0.65%
Cenovus Energy Inc	DNL +0.67 points	0.89%	0.22%
CSL Ltd/Australia	DNL +0.56 points	0.89%	0.33%
Daimler Truck Holding Ag	DNL +0.33 points	0.46%	0.13%
Universal Music Group NV	DNL +0.30 points	0.39%	0.09%
Daiichi Sankyo Co Ltd	DNL +0.27 points	0.44%	0.17%
Aker Bp Asa	DNL +0.27 points	0.33%	0.06%
Amadeus IT Group SA	DNL +0.24 points	0.37%	0.13%
Traton SE	DNL +0.24 points	0.25%	0.01%
Brambles Industries Ltd	DNL +0.21 points	0.31%	0.10%
Next PLCNXT.L	DNL +0.19 points	0.31%	0.12%
Evolution AB	DNL +0.19 points	0.23%	0.04%
Tourmaline Oil Corp	DNL +0.18 points	0.27%	0.09%
Partners Group Holding Ag	DNL +0.18 points	0.26%	0.08%
Prada S.P.A.	DNL +0.16 points	0.17%	0.01%
Sands China Ltd	DNL +0.15 points	0.17%	0.02%
Gold Fields Ltd	DNL +0.16 points	0.33%	0.17%
Subaru Corp	DNL +0.15 points	0.20%	0.05%
OTP Bank PLC	DNL +0.14 points	0.30%	0.16%
Metso Corporation	DNL +0.14 points	0.21%	0.07%
Recordati SpA	DNL +0.14 points	0.17%	0.03%
Aeroports de Paris	DNL +0.12 points	0.15%	0.03%
Verbund - Oesterreichische Ele	DNL +0.12 points	0.15%	0.03%
Grupo Aeroportuario del Pacific	DNL +0.07 points	0.11%	0.04%
Coloplast A/S	DNL +0.07 points	0.12%	0.05%
Wiwynn Corp	DNL +0.05 points	0.16%	0.11%
Bid Corp Ltd	DNL +0.04 points	0.09%	0.05%
ZTO Express Cayman Inc	DNL +0.05 points	0.09%	0.04%
ANTA Sports Products Ltd	DNL +0.04 points	0.10%	0.06%
H World Group Ltd	DNL +0.03 points	0.07%	0.04%
BIM Birlesik Magazalar AS	DNL +0.02 points	0.06%	0.04%
Fuyao Glass Industry Group Co Ltd-H	DNL +0.02 points	0.04%	0.02%
Tupras Turkiye Petrol Rafine	VYMI +0.01 points	0.03%	0.04%
KOC Holdings AS	DNL +0.01 points	0.03%	0.02%
Grupo Aeroportuario del Surest	DNL +0.01 points	0.03%	0.02%
International Container Term SerICTEF	Same weight	0.08%	0.08%
Akbank TAS	Same weight	0.02%	0.02%
Vibra Energia Sa	Same weight	0.04%	0.04%
BYD Electronic International C	Same weight	0.01%	0.01%

All 323 DNL holdings⁠All 1,561 VYMI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DNL vs VYMI Cost

Overpaying DNL vs VYMI

$6,992

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DNL 0.42%
$8,472
VYMI 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

DNL 0.42%
VYMI 0.07%
Overpaying

Year by year

Year	DNL	VYMI	Overpaying
10	$759	$128	$631
20	$2,927	$503	$2,424
30	$8,472	$1,480	$6,992

Expense ratio

0.42%DNL
0.07%VYMI, cheaper

VYMI0.07%DNL0.42%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

VYMI cheapest of 34 funds

DNL 11th cheapest of 34 funds

DNL vs VYMI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DNL 1.19%; VYMI 3.67%, better
Payout (12M): DNL $0.51; VYMI $3.72
Last payment: DNL $0.09; VYMI $0.82
Ex-dividend: DNL Sep 25, 2026; VYMI Sep 18, 2026
Paid on: DNL Sep 29, 2026; VYMI Sep 22, 2026
Frequency: DNL Quarterly; VYMI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DNLQuarterly · 38 paymentsAll DNL payments⁠

VYMIQuarterly · 39 paymentsAll VYMI payments⁠

DNL vs VYMI Risk

Fall from peak · 5 years

DNL
VYMI

Risk facts

VolatilityStd dev, 3 years: DNL 13.5%VYMI 10.5%, better
Return per unit of riskSharpe ratio, 3 years: DNL 0.57VYMI 1.71, better
Worst fallMax drawdown, 5 years: DNL −34.9%VYMI −24.1%, better
Market sensitivityBeta, 5 years: DNL 1.00VYMI 0.74; Market = 1

DNL and VYMI in the news

All news⁠

Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VYMI

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DNL vs VYMI

In short

Stated mandate

Why people hold it

Worth knowing

How DNL and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DNL

Only in VYMI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.

How DNL and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DNL

Only in VYMI

Weight gaps