EFAS vs SCHY

EFASCGlobal X MSCI SuperDividend EAFE ETF

SCHYASchwab International Dividend Equity ETF

In short

EFAS EFAS skips the broad income net: it takes the 50 highest-yielding stocks in developed Europe, Australasia and the Far East, weights them equally, and resets once a year. A yield-first, concentrated take on international income, paid monthly.

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

EFAS EFAS seeks investment results that generally correspond to the performance of the MSCI EAFE Top 50 Dividend Index before fees and expenses.

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

• EFAS The mandate is blunt: rank the developed-market EAFE universe by dividend yield, take the top 50, weight them equally. No cap-weighted dilution of the income screen.sec.gov
• Equal weighting plus an annual rebalance means a small Australian name carries the same load as a Swiss giant, tilting away from the mega-caps that anchor cap-weighted rivals.sec.gov
• Distributions land monthly, a cadence Global X has kept running since the fund launched in 2016.globalxetfs.com

• 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

• EFAS 0.55% a year sits above the peer-group median of 0.50%, and it is several times what VYMI (0.07%) or SCHY (0.08%) charge for international dividend exposure.
• About 50 equal-weighted names is a narrow base, and a top-of-the-yield-table screen pulls in value-priced stocks, so single companies and sectors move the fund hard.sec.gov
• It trades thinly next to the category's heavyweights, which puts more weight on limit orders and the spread at the point of entry.

• 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 EFAS profile⁠

Full SCHY profile⁠