DWM vs VYMI: Grades, Fees and Holdings Compared

WisdomTree International Equity Fund

DWMBNYSE Arca

Vanguard International High Dividend Yield ETF

VYMIANasdaq

Overlap

43.8%by weight

Expense ratio

VYMI −0.41pt a year

DWM0.48%VYMI0.07%

Avg volume · 30D

VYMI 80.0×the volume

DWM10.8KVYMI862K

10Y return · a year

VYMI +2.1pt

DWM+8.7%VYMI+10.8%

DWM vs VYMI Performance

Nov 9, 2021 – Nov 9, 2026

+64.1%DWM+88.2%VYMI

Expense ratio: DWM 0.48%; VYMI 0.07%, better
Fund size: DWM $644M; VYMI $21.4B
1Y total return: DWM +15.1%; VYMI +24.1%, better
Yield (12M): DWM 2.69%; VYMI 3.62%, better
Holdings: DWM 1391; VYMI 1553
Avg volume (30D): DWM 10.8K sh; VYMI 862K sh, better
NAV per share: DWM $72.38; VYMI $100.39
52W range

ETF.net Grade

Pillar letters and Scores for DWM, VYMI, with each pillar’s weight
Pillar	DWM	VYMI
Cost30% weight	B57	A97Higher
Mission25% weight	A100	A100
Risk15% weight	C45	B56Higher
Tradability15% weight	C49	B61Higher
Holdings10% weight	A87Higher	A81
Durability5% weight	B58	A88Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. DWM 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 DWM 12th 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 79
Rank 11BDWXState Street SPDR S&P International Dividend ETFScore 68
Rank 12BDWMWisdomTree International Equity FundScore 67
Rank 13BIQDFNorthern Trust International Quality Dividend ETFScore 64

Our read on each fund

ETF.net Research

DWMBWisdomTree International Equity Fund

VYMIAVanguard International High Dividend Yield 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.

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

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

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

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.

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

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

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 DWM profile⁠

Full VYMI profile⁠

DWM vs VYMI Holdings

How DWM and VYMI differ

Overlap by weight

43.8%

Shared holdings make up 54.8% of DWM and 54.5% of VYMI.

Level by level

Holdings323 in both43.8%
Countryby domicile66.1%
Sector11 Sectors75.5%
Asset classStocks100%

Sector

Sector weights in DWM and VYMI, widest gap first
Sector	Gap	DWM	VYMI
Financials	VYMI +20.3 points	24.1%	44.4%
Industrials	DWM +11.6 points	17.9%	6.3%
Health Care	DWM +4.1 points	10.5%	6.3%
Consumer Discretionary	DWM +4.2 points	10.0%	5.8%
Energy	VYMI +3.6 points	5.4%	9.0%
Real Estate	DWM +1.4 points	2.5%	1.1%
Technology	DWM +1.3 points	6.8%	5.5%
Communication	DWM +1.0 points	4.7%	3.7%
Consumer Staples	DWM +0.8 points	7.2%	6.4%
Materials	VYMI +0.4 points	6.0%	6.4%
Utilities	VYMI +0.2 points	4.9%	5.0%

Country, concentration and asset class

Country by domicile

Country weights in DWM and VYMI, widest gap first
Country	Gap	DWM	VYMI
Japan	DWM +10.0 points	22.6%	12.6%
Canada	VYMI +8.8 points	0.0%	8.8%
Taiwan	VYMI +6.0 points	0.0%	6.0%
China	VYMI +5.4 points	0.4%	5.8%
South Africa	VYMI +4.6 points	0.0%	4.6%
France	DWM +4.0 points	9.1%	5.0%
Sweden	DWM +3.1 points	4.5%	1.4%
Germany	DWM +2.5 points	6.8%	4.3%
Other countries (30)	DWM +5.1 points	56.5%	51.4%

Outside the US: DWM 98% developed, 2% emerging. VYMI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

DWM12.6%
VYMI13.7%

Securities held

DWM1,375
VYMI1,515

Asset class

DWM: Stocks
VYMI: Stocks

Holdings

Only in DWM1,052
In both323
Only in VYMI1,192

Only in DWM

1,052 securities, 44.2% of DWM by weight

LVMH Moet Hennessy Louis Vuitton SE0.85%
Astrazeneca PLC0.70%
ASML Holding NV0.65%
L'Oreal SA0.60%
Siemens Ag-Reg0.56%
Nordea Bank Abp0.54%
Sap AG0.47%
Schneider Electric SA0.43%
Anheuser-Busch InBev NV0.39%
ABB Ltd-Reg0.38%
Airbus SE0.36%
Deutsche Post Ag-Reg0.36%
Air Liquide SA0.32%
Hermes International0.32%
EssilorLuxottica0.32%
Mitsubishi Corp0.29%
AIA Group Ltd0.29%
Tokyo Electron Ltd0.28%
Fast Retailing Co Ltd0.28%
CIE Financiere Richemont0.27%
Itochu Corp0.27%
Rolls-Royce Holdings PLC0.26%
Atlas Copco Ab-A Shs0.25%
Relx PLC0.24%
Volvo AB0.23%
Hitachi Ltd0.22%
Chugai Pharmaceutical Co Ltd0.21%
Safran SA0.21%
Nintendo Co Ltd0.21%
Coca-Cola Europacific Partne0.20%
BAE Systems PLC0.20%
Mitsui & Co Ltd0.20%
Basf SE0.19%
Recruit Holdings Co Ltd0.18%
Kongsberg Gruppen Asa0.18%
Sony Group Corp0.18%
Techtronic Industries Co0.17%
Ferrari NV0.17%
Compass Group Plc0.17%
Siemens Healthineers Ag0.17%
Sigma Pharmaceuticals Ltd0.16%
Keyence Corp0.16%
Ferrovial Se0.16%
Sandvik AB0.15%
Pro Medicus Ltd0.15%
Softbank Corp0.14%
Aristocrat Leisure Ltd0.14%
ACS Actividades de Construccion y Servivios SA0.14%
Shin-Etsu Chemical Co Ltd0.14%
Goodman Group0.13%

Only in VYMI

1,192 securities, 45.4% of VYMI by weight

Royal Bank of Canada1.46%
MediaTek Inc1.20%
Toronto-Dominion Bank/The1.03%
Commonwealth Bank of Australia0.93%
SLBBH11420.67%
Bank of Montreal0.63%
Bank of Nova Scotia/The0.60%
China Construction Bank Corp0.58%
Enbridge Inc0.55%
Canadian Imperial Bank of Commerce0.54%
Hon Hai Precision Industry Co Ltd0.51%
Canadian Natural Resources Ltd0.51%
National Australia Bank Ltd0.45%
MSCI EAFE Dec260.44%
Suncor Energy Inc0.43%
Industrial & Commercial Bank of China Ltd0.42%
Manulife Financial Corp0.38%
ASE Technology Holding Co Ltd0.35%
Nordea Bank Abp0.34%
TC Energy Corp0.32%
Dhl AG0.31%
United Microelectronics Corp0.30%
National Bank of Canada0.29%
Bank of China Ltd0.28%
Basf SE0.27%
Volvo AB0.27%
Al Rajhi Bank0.26%
Vale SA0.26%
Anglogold Ashanti Plc0.25%
Itau Unibanco Holding S-Pref0.24%
Petrobras - Petroleo Bras-Pr0.23%
Sun Life Financial Inc0.23%
KB Financial Group Inc0.22%
Danone SA0.22%
Cenovus Energy Inc0.22%
Saudi Arabian Oil Co0.21%
Japan Post Bank Co Ltd0.21%
Fubon Financial Holding Co Ltd0.21%
Petroleo Brasileiro SA - Petrobras0.20%
Ping An Insurance Group Co of China Ltd0.20%
CTBC Financial Holding Co Ltd0.20%
Infosys Ltd0.20%
Grupo Mexico SAB de CV0.19%
Gbp/Usd Fwd 202612160.19%
Cie de Saint-Gobain SA0.18%
Mercedes-Benz Group AG0.18%
Nutrien Ltd0.18%
Power Corp of Canada0.18%
Cathay Financial Holding Co Ltd0.18%
Lenovo Group Ltd0.18%

Weight gaps

The 100 widest of 323 Holdings in both funds.

Holding weights in DWM and VYMI, widest gap first
Holding	Gap	DWM	VYMI
Industria de Diseno Textil	DWM +0.78 points	1.14%	0.36%
Intesa Sanpaolo SpA	DWM +0.54 points	1.14%	0.60%
HSBC Holdings PLCHSBA.L	VYMI +0.48 points	1.32%	1.80%
Banco Santander Sa	VYMI +0.47 points	0.60%	1.07%
UBS Group AG	VYMI +0.46 points	0.33%	0.79%
Axa Sa	DWM +0.45 points	0.86%	0.41%
Mizuho Financial Group Inc	VYMI +0.43 points	0.26%	0.69%
Zurich Insurance Group Ag	DWM +0.40 points	0.93%	0.53%
Mitsubishi UFJ Financial Group	VYMI +0.36 points	0.98%	1.34%
Sumitomo Mitsui Financial Group	VYMI +0.36 points	0.49%	0.85%
CaixaBank	DWM +0.35 points	0.63%	0.28%
British American Tobacco PlcBATS.L	DWM +0.29 points	0.88%	0.59%
Barclays PLCBARC.L	VYMI +0.28 points	0.15%	0.43%
Engie	DWM +0.28 points	0.41%	0.13%
Banca Monte Dei Paschi Siena	DWM +0.27 points	0.41%	0.14%
Enel SpA	DWM +0.27 points	0.67%	0.40%
Allianz SE	DWM +0.27 points	1.22%	0.95%
Endesa SA	DWM +0.26 points	0.34%	0.08%
Glencore PLCGLEN.L	VYMI +0.25 points	0.14%	0.39%
Tokio Marine Holdings Inc	VYMI +0.23 points	0.27%	0.50%
Equinor ASA	DWM +0.23 points	0.36%	0.13%
Japan Tobacco Inc	DWM +0.22 points	0.48%	0.26%
Lloyds Banking Group PLCLLOY.L	VYMI +0.21 points	0.23%	0.44%
Societe Generale	VYMI +0.20 points	0.08%	0.28%
Deutsche Bank AG	VYMI +0.19 points	0.14%	0.33%
Sanofi SA	DWM +0.19 points	0.66%	0.47%
Novartis AG	VYMI +0.18 points	1.23%	1.41%
Roche Holding AG	DWM +0.18 points	0.25%	0.07%
Dai-ichi Life Holdings Inc	VYMI +0.18 points	0.04%	0.22%
BOC Hong Kong Holdings Ltd	DWM +0.17 points	0.30%	0.13%
Diageo PLCDGE.L	VYMI +0.16 points	0.09%	0.25%
DBS Group Holdings Ltd	DWM +0.16 points	0.81%	0.65%
ING Groep NV	VYMI +0.16 points	0.38%	0.54%
BNP Paribas	DWM +0.16 points	0.71%	0.55%
ORIX Corp	VYMI +0.15 points	0.07%	0.22%
Svenska Handelsbanken-A Shs	DWM +0.15 points	0.25%	0.10%
Aena Sme Sa	DWM +0.14 points	0.25%	0.11%
Unilever PlcULVR.L	VYMI +0.14 points	0.53%	0.67%
BHP Group Ltd	DWM +0.14 points	1.28%	1.14%
Komatsu Ltd	VYMI +0.13 points	0.09%	0.22%
Macquarie Group Ltd	VYMI +0.13 points	0.18%	0.31%
Australia & New Zealand Banking Group Ltd	VYMI +0.13 points	0.29%	0.42%
DNB Bank ASA	DWM +0.13 points	0.27%	0.14%
CSL Ltd/Australia	VYMI +0.13 points	0.20%	0.33%
Skandinaviska Enskilda Banken	DWM +0.12 points	0.13%	<0.01%
Assicurazioni Generali SpA	DWM +0.13 points	0.37%	0.24%
Westpac Banking Corp	VYMI +0.13 points	0.31%	0.44%
Sumitomo Corp	VYMI +0.12 points	0.12%	0.24%
Cvc Capital Partners Plc	DWM +0.12 points	0.14%	0.02%
Sompo Holdings Inc	VYMI +0.12 points	0.07%	0.19%
Cathay Pacific Airways Ltd	DWM +0.12 points	0.14%	0.02%
Nomura Holdings Inc	VYMI +0.11 points	0.04%	0.15%
Natwest Group PlcNWG.L	DWM +0.11 points	0.49%	0.38%
GSK PlcGSK.L	VYMI +0.11 points	0.40%	0.51%
Singapore Telecommunications	DWM +0.11 points	0.24%	0.13%
Japan Post Holdings Co Ltd	VYMI +0.10 points	0.04%	0.14%
NN Group NV	VYMI +0.10 points	0.02%	0.12%
Var Energi Asa	DWM +0.09 points	0.12%	0.03%
Bank Leumi Le-Israel BM	VYMI +0.10 points	0.09%	0.19%
Novo Nordisk A/S-B	DWM +0.10 points	0.74%	0.64%
Universal Music Group NV	DWM +0.09 points	0.18%	0.09%
Nippon Telegraph & Telephone Corp	DWM +0.09 points	0.25%	0.16%
Swiss Reinsurance	VYMI +0.09 points	0.17%	0.26%
Cheung Kong Infrastructure Hol	DWM +0.09 points	0.12%	0.03%
Omv AG	DWM +0.09 points	0.15%	0.06%
Swire Properties Ltd	DWM +0.09 points	0.11%	0.02%
Naturgy Energy Group SA	DWM +0.09 points	0.17%	0.08%
Swisscom AG	DWM +0.09 points	0.19%	0.10%
Sampo Oyj-A Shs	VYMI +0.09 points	0.04%	0.13%
KDDI Corp	VYMI +0.08 points	0.19%	0.27%
Santos Ltd	VYMI +0.08 points	0.02%	0.10%
Bank Hapoalim BM	VYMI +0.08 points	0.09%	0.17%
Hong Kong Exchanges and Clearing Ltd	VYMI +0.09 points	0.22%	0.31%
Kuehne + Nagel International AG	DWM +0.09 points	0.15%	0.06%
Telstra Corp Ltd	DWM +0.09 points	0.16%	0.07%
Galaxy Entertainment Group Ltd	DWM +0.08 points	0.13%	0.05%
Julius Baer Group Ltd	VYMI +0.09 points	0.01%	0.10%
Coloplast A/S	DWM +0.08 points	0.13%	0.05%
Takeda Pharmaceutical Co Ltd	VYMI +0.08 points	0.23%	0.31%
Fresnillo PlcFRES.L	DWM +0.08 points	0.12%	0.04%
Swiss Life Holding Ag-Reg	VYMI +0.08 points	0.08%	0.16%
Bp PLCBP.L	VYMI +0.08 points	0.53%	0.61%
Sse PLCSSE.L	VYMI +0.07 points	0.14%	0.21%
Nippon Steel Corp	VYMI +0.08 points	0.03%	0.11%
Legal & General Group PLCLGEN.L	DWM +0.08 points	0.19%	0.11%
Poste Italiane SpA	DWM +0.08 points	0.18%	0.10%
Transurban Group	DWM +0.07 points	0.22%	0.15%
Kansai Electric Power Co Inc	VYMI +0.07 points	0.02%	0.09%
ENEOS Holdings Inc	VYMI +0.07 points	0.05%	0.12%
Orion Oyj	DWM +0.07 points	0.12%	0.05%
Banco Bilbao Vizcaya Argentaria SA	DWM +0.07 points	0.90%	0.83%
Woodside Energy Group Ltd	VYMI +0.07 points	0.15%	0.22%
Reckitt Benckiser Group PlcRKT.L	VYMI +0.07 points	0.15%	0.22%
Swedbank AB	DWM +0.06 points	0.24%	0.18%
Muenchener Rueckver Ag-Reg	VYMI +0.07 points	0.31%	0.38%
Denso Corp	VYMI +0.07 points	0.04%	0.11%
South32 Ltd	VYMI +0.06 points	0.02%	0.08%
Suncorp Group Ltd	VYMI +0.07 points	0.01%	0.08%
Mitsui Osk Lines Ltd	VYMI +0.07 points	0.01%	0.08%
Toyota Motor Corp	DWM +0.07 points	1.09%	1.02%

All 1,339 DWM holdings⁠All 1,502 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.

DWM vs VYMI Cost

Overpaying DWM vs VYMI

$8,125

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

DWM 0.48%
$9,605
VYMI 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

DWM 0.48%
VYMI 0.07%
Overpaying

Year by year

Year	DWM	VYMI	Overpaying
10	$865	$128	$737
20	$3,328	$503	$2,825
30	$9,605	$1,480	$8,125

Expense ratio

0.48%DWM
0.07%VYMI, cheaper

VYMI0.07%DWM0.48%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

VYMI cheapest of 34 funds

DWM 15th cheapest of 34 funds

DWM vs VYMI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DWM 2.69%; VYMI 3.62%, better
Payout (12M): DWM $2.00; VYMI $3.72
Last payment: DWM $0.29; VYMI $0.82
Ex-dividend: DWM Sep 25, 2026; VYMI Sep 18, 2026
Paid on: DWM Sep 29, 2026; VYMI Sep 22, 2026
Frequency: DWM Quarterly; VYMI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DWMQuarterly · 40 paymentsAll DWM payments⁠

VYMIQuarterly · 39 paymentsAll VYMI payments⁠

DWM vs VYMI Risk

Fall from peak · 5 years

DWM
VYMI

Risk facts

VolatilityStd dev, 3 years: DWM 11.0%VYMI 10.5%, better
Return per unit of riskSharpe ratio, 3 years: DWM 1.30VYMI 1.71, better
Worst fallMax drawdown, 5 years: DWM −25.7%VYMI −24.1%, better
Market sensitivityBeta, 5 years: DWM 0.82VYMI 0.74; Market = 1

DWM and VYMI in the news

All news⁠

Category Review
International high-yield funds beat the S&P 500. Foreign stocks did not.
Updated Nov 3, 2026VYMI
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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DWM vs VYMI

In short

Stated mandate

Why people hold it

Worth knowing

How DWM and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DWM

Only in VYMI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

International high-yield funds beat the S&P 500. Foreign stocks did not.

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

How DWM and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DWM

Only in VYMI

Weight gaps