DWM vs SCHY

DWMBWisdomTree International Equity Fund

SCHYASchwab International Dividend Equity ETF

In short

DWM A 2006 original: a dividend screen thrown across developed markets outside the US and Canada, landing on roughly 1,300 names rather than a short high-yield shortlist.

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

DWM The fund seeks to track an index of dividend-paying companies in developed markets outside the United States and Canada.

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

• DWM Live since 2006, with the same job description the whole time: dividend-paying companies in developed markets outside the US and Canada.wisdomtree.com
• Roughly 1,300 holdings is a wide net, closer to owning the developed-market dividend payers wholesale than to a concentrated yield list.
• Hugs its stated benchmark, the WisdomTree International Equity Index, about as closely as anything in its peer group.wisdomtree.com
• 0.48% a year sits just under the median fee for international dividend funds, and it distributes on a quarterly schedule.

• 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

• DWM The fee is the sore spot in the neighborhood: VYMI charges 0.07% and SCHY 0.08%, so the broad net here comes at a real markup.
• Thinly traded next to the category's giants, which puts more weight on limit orders and a glance at the spread before you deal.
• No US or Canadian stocks by design, and no currency hedge in the mandate, so it behaves like one sleeve of a portfolio rather than the whole thing.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 DWM profile⁠

Full SCHY profile⁠