DWX vs VYMI: Grades, Fees and Holdings Compared

State Street SPDR S&P International Dividend ETF

DWXBNYSE Arca

Vanguard International High Dividend Yield ETF

VYMIANasdaq

Overlap

4.3%by weight

Expense ratio

VYMI −0.38pt a year

DWX0.45%VYMI0.07%

Avg volume · 30D

VYMI 36.6×the volume

DWX23.2KVYMI849K

10Y return · a year

VYMI +3.4pt

DWX+7.2%VYMI+10.6%

DWX vs VYMI Performance

Oct 29, 2021 – Oct 30, 2026

+49.8%DWX+86.9%VYMI

Expense ratio: DWX 0.45%; VYMI 0.07%, better
Fund size: DWX $514M; VYMI $22.3B
1Y total return: DWX +15.3%; VYMI +23.7%, better
Yield (12M): DWX 4.09%, better; VYMI 3.67%
Holdings: DWX 123; VYMI 1532
Avg volume (30D): DWX 23.2K sh; VYMI 849K sh, better
NAV per share: DWX $46.93; VYMI $101.09
52W range

ETF.net Grade

Pillar letters and Scores for DWX, VYMI, with each pillar’s weight
Pillar	DWX	VYMI
Cost30% weight	B65	A97Higher
Mission25% weight	A90	A100Higher
Risk15% weight	B68Higher	B59
Tradability15% weight	C49	B61Higher
Holdings10% weight	B62	A81Higher
Durability5% weight	B66	A89Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. DWX 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 DWX 11th 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 10BIDViShares International Select Dividend ETFScore 69
Rank 11BDWXState Street SPDR S&P International Dividend ETFScore 68
Rank 12BDWMWisdomTree International Equity FundScore 67

Our read on each fund

ETF.net Research

DWXBState Street SPDR S&P International Dividend ETF

VYMIAVanguard International High Dividend Yield ETF

In short

DWX DWX goes hunting for the fattest dividends outside the US: roughly 100 high yielders pulled from the S&P Global ex-US BMI, China A shares excluded. Yield first, and it has been running that playbook since 2008.

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

DWX The Fund seeks to track the total return of the S&P International Dividend Opportunities Index, an index of high-yielding international common stocks selected from the S&P Global ex-U.S. BMI, excluding China A shares.

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

DWX Yield-first by design. The index screens for high-yielding international common stocks rather than steady dividend growers, so the basket leans where payouts are richest.
One of the older international dividend ETFs on the board, live since 2008, with a full market cycle of history behind the strategy.
Tracks its benchmark tightly, one of the cleaner index implementations among international dividend funds, and the fee sits below the typical charge in that group.
Concentrated on purpose: about 100 names, paying quarterly. You get a focused slice of global high-yield equity, not a 1,500-stock index blur.

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

DWX It trades thinly for its size, so spreads can run wider than the household-name international dividend funds.
At 0.45%, it costs several times what plain-vanilla rivals like VYMI, SCHY and VIGI charge. You are paying up for the high-yield screen.
Chasing the highest yields abroad concentrates the fund in whichever sectors and countries are paying most at rebalance, a different risk mix than a broad international index.

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 DWX profile⁠

Full VYMI profile⁠

DWX vs VYMI Holdings

How DWX and VYMI differ

Overlap by weight

4.3%

Shared holdings make up 41.3% of DWX and 4.5% of VYMI.

Level by level

Holdings40 in both4.3%
Sector11 Sectors62.9%
Countryby domicile67.3%
Asset classEquity100%

Sector

Sector weights in DWX and VYMI, widest gap first
Sector	More in DWXMore in VYMI	DWX	VYMI
Financials	VYMI +23.9 points	20.5%	44.4%
Real Estate	DWX +12.2 points	13.3%	1.1%
Industrials	DWX +8.0 points	14.3%	6.3%
Communication	DWX +6.9 points	10.6%	3.7%
Utilities	DWX +6.1 points	11.2%	5.0%
Energy	VYMI +4.3 points	4.7%	9.0%
Materials	VYMI +3.2 points	3.2%	6.4%
Technology	VYMI +3.0 points	2.5%	5.5%
Health Care	VYMI +2.7 points	3.7%	6.3%
Consumer Discretionary	DWX +2.0 points	7.8%	5.8%
Consumer Staples	DWX +1.9 points	8.3%	6.4%

Country, concentration and asset class

Country by domicile

Country weights in DWX and VYMI, widest gap first
Country	More in DWXMore in VYMI	DWX	VYMI
Japan	DWX +12.1 points	24.7%	12.6%
France	DWX +7.4 points	12.5%	5.0%
China	VYMI +5.1 points	0.7%	5.8%
Canada	VYMI +4.5 points	4.3%	8.8%
Spain	VYMI +4.4 points	0.0%	4.4%
Germany	VYMI +4.3 points	0.0%	4.3%
Singapore	DWX +2.5 points	4.3%	1.8%
Malaysia	DWX +2.5 points	3.1%	0.6%
Other countries (29)	VYMI +6.2 points	50.4%	56.6%

Outside the US: DWX 84% developed, 16% emerging. VYMI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

DWX21.5%
VYMI13.8%

Securities held

DWX104
VYMI1,496

Asset class

DWX: Equity
VYMI: Equity

Holdings

Only in DWX64
In both40
Only in VYMI1,456

Only in DWX

64 securities, 58.5% of DWX by weight

Mizrahi Tefahot Bank Ltd2.43%
Axa SA2.27%
Shell PLC2.14%
Severn Trent PLC2.12%
United Utilities Group PLC2.09%
Investec PLC2.03%
Koninklijke Kpn NV1.91%
Getlink SE1.88%
Gibson Energy Inc1.82%
Unilever PLC1.77%
Michelin (Cgde)1.69%
Bureau Veritas SA1.65%
Veolia Environnement1.64%
Vinci SA1.61%
Terna Rete Elettrica Naziona1.61%
Essity Aktiebolag B1.41%
Danone1.30%
Hera Spa1.15%
Rotork PLC1.07%
Capitaland Integrated Commer0.96%
Land Securities Group PLC0.93%
Meiji Holdings Co Ltd0.90%
Galenica AG0.89%
Vopak0.79%
Systex Corp0.78%
Nh Foods Ltd0.75%
Uss Co Ltd0.73%
Richter Gedeon Nyrt0.73%
Tung Ho Steel Enterprise Cor0.68%
Aica Kogyo Co Ltd0.68%
Tritax Big Box Reit PLC0.68%
Sanlam Ltd0.68%
Capitaland Ascendas Reit0.67%
Malayan Banking Bhd0.67%
Ammb Holdings Bhd0.66%
Firstrand Ltd0.61%
Cimb Group Holdings Bhd0.61%
Emirates Telecom Group Co0.60%
Contact Energy Ltd0.60%
Borouge0.60%
Abu Dhabi National Oil Co Fo0.54%
Public Bank Berhad0.54%
National Bank of Kuwait0.53%
Hellenic Telecommun Organiza0.53%
Mapletree Industrial Trust0.51%
Bidvest Group Ltd0.50%
Aedifica0.47%
Advanced Info Service Nvdr0.46%
Riocan Real Estate Invst Tr0.45%
Al Rayan Bank0.45%

Only in VYMI

1,456 securities, 95.2% of VYMI by weight

HSBC Holdings PLC1.81%
Roche Holding AG1.56%
Shell PLC1.48%
Royal Bank of Canada1.47%
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%
UBS Group AG0.79%
UniCredit SpA0.71%
Mizuho Financial Group Inc0.70%
Unilever PLC0.68%
SLBBH11420.68%
DBS Group Holdings Ltd0.66%
Novo Nordisk A/S0.65%
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%
Rio Tinto PLC0.52%
Gsk PLC0.51%
Hon Hai Precision Industry Co Ltd0.51%
Canadian Natural Resources 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%
Suncor Energy Inc0.43%
ANZ Group Holdings Ltd0.43%
Industrial & Commercial Bank of China Ltd0.42%
Axa SA0.42%

Weight gaps

All 40 Holdings in both funds, largest gap first.

Holding weights in DWX and VYMI, widest gap first
Holding	More in DWXMore in VYMI	DWX	VYMI
Swisscom AG Reg	DWX +1.97 points	2.07%	0.10%
Transurban Group	DWX +1.94 points	2.09%	0.15%
Clp Holdings Ltd	DWX +1.88 points	1.96%	0.08%
Zurich Insurance Group AG	DWX +1.75 points	2.28%	0.53%
Telstra Group Ltd	DWX +1.74 points	1.80%	0.07%
Capitaland Investment Ltd/Si	DWX +1.62 points	1.65%	0.03%
Sgs SA Reg	DWX +1.57 points	1.67%	0.10%
Tryg A/S	DWX +1.56 points	1.59%	0.03%
Sun Life Financial Inc	DWX +1.30 points	1.53%	0.23%
Lixil Corp	DWX +1.26 points	1.28%	0.02%
The Shanghai Commercial & SA	DWX +1.23 points	1.26%	0.03%
Orica Ltd	DWX +1.12 points	1.16%	0.04%
Mabuchi Motor Co Ltd	DWX +1.12 points	1.13%	0.01%
Sekisui House Ltd	DWX +1.10 points	1.17%	0.07%
Isuzu Motors Ltd	DWX +1.04 points	1.08%	0.04%
Ntt Inc	DWX +1.02 points	1.18%	0.16%
Canon Inc	DWX +1.01 points	1.14%	0.13%
Seven Bank Ltd	DWX +0.92 points	0.93%	<0.01%
Bridgestone Corp	DWX +0.89 points	1.03%	0.14%
Mitsubishi Hc Capital Inc	DWX +0.86 points	0.90%	0.04%
Nomura Real Estate Holdings	DWX +0.84 points	0.86%	0.02%
Hulic Co Ltd	DWX +0.82 points	0.85%	0.03%
Sekisui Chemical Co Ltd	DWX +0.82 points	0.85%	0.03%
Yamada Holdings Co Ltd	DWX +0.75 points	0.76%	0.01%
Iida Group Holdings Co Ltd	DWX +0.75 points	0.76%	0.01%
Daiwa House Industry Co Ltd	DWX +0.71 points	0.80%	0.09%
Alfresa Holdings Corp	DWX +0.67 points	0.68%	0.01%
Kirin Holdings Co Ltd	DWX +0.66 points	0.74%	0.08%
China Tower Corp Ltd H	DWX +0.65 points	0.68%	0.03%
Kddi Corp	DWX +0.52 points	0.80%	0.28%
Misc Bhd	DWX +0.52 points	0.54%	0.02%
Advantech Co Ltd	DWX +0.45 points	0.51%	0.06%
Uni President Enterprises Co	DWX +0.45 points	0.51%	0.06%
President Chain Store Corp	DWX +0.44 points	0.46%	0.02%
Chunghwa Telecom Co Ltd	DWX +0.42 points	0.51%	0.09%
First Financial Holding Co	DWX +0.38 points	0.45%	0.07%
Russian Ruble	DWX +0.18 points	0.18%	<0.01%
Novartis AG Reg	VYMI +0.02 points	1.40%	1.42%
New Israeli Sheqel	Same weight	<0.01%	<0.01%
Kuwaiti Dinar	Same weight	<0.01%	<0.01%

All 100 DWX 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.

DWX vs VYMI Cost

Overpaying DWX vs VYMI

$7,561

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

DWX 0.45%
$9,041
VYMI 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

DWX 0.45%
VYMI 0.07%
Overpaying

Year by year

Year	DWX	VYMI	Overpaying
10	$812	$128	$684
20	$3,128	$503	$2,625
30	$9,041	$1,480	$7,561

Expense ratio

0.45%DWX
0.07%VYMI, cheaper

VYMI0.07%DWX0.45%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

VYMI cheapest of 34 funds

DWX 12th cheapest of 34 funds

DWX vs VYMI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DWX 4.09%, better; VYMI 3.67%
Payout (12M): DWX $1.92; VYMI $3.72
Last payment: DWX $0.38; VYMI $0.82
Ex-dividend: DWX Sep 21, 2026; VYMI Sep 18, 2026
Paid on: DWX Sep 23, 2026; VYMI Sep 22, 2026
Frequency: DWX Quarterly; VYMI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DWXQuarterly · 39 paymentsAll DWX payments⁠

VYMIQuarterly · 39 paymentsAll VYMI payments⁠

DWX vs VYMI Risk

Fall from peak · 5 years

DWX
VYMI

Risk facts

VolatilityStd dev, 3 years: DWX 11.5%VYMI 10.5%, better
Return per unit of riskSharpe ratio, 3 years: DWX 1.11VYMI 1.71, better
Worst fallMax drawdown, 5 years: DWX −26.7%VYMI −24.1%, better
Market sensitivityBeta, 5 years: DWX 0.71VYMI 0.74; Market = 1

DWX 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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DWX vs VYMI

In short

Stated mandate

Why people hold it

Worth knowing

How DWX and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DWX

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 DWX and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DWX

Only in VYMI

Weight gaps