Equity: Global - High Dividend Yield
With 6 ETFs and over $2.18B in combined AUM, the Equity: Global - High Dividend Yield segment provides exposure to the space with a focus on High Dividend Yield securities.
Year-to-date, the best-performing ETF in the segment is the Invesco S&P Global Dividend Opportunities Index ETF (LVL), with a total return of 17.32%. Meanwhile, the most popular ETF is the Global X SuperDividend ETF (SDIV) with $925.96MB in assets under management.
Investors should take a look at the First Trust Dow Jones Global Select Dividend Index Fund (FGD). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. FGD tracks a yield-weighted index of the top 100 dividend-yielding stocks in 24 developed countries that meet sustainability criteria. FGD has an expense ratio of 0.58% and tracks the Dow Jones Global Select Dividend Index.
ETF.com Efficiency Insight
The average efficiency score in the Equity: Global - High Dividend Yield segment is 76 out of 100, with the WisdomTree Global High Dividend Fund(DEW) obtaining the highest rating of 88 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.51% per year, with the Fidelity High Dividend ETF (FDVV) having the lowest expense ratio, charging investors 0.29% yearly.
Investors should look for funds with tight tracking, such as the Global X SuperDividend ETF (SDIV), with a 12-month median tracking difference of -0.07%.
ETF.com Tradability Insight
The average tradability score in the Equity: Global - High Dividend Yield segment is 75 out of 100, with the Fidelity High Dividend ETF(FDVV) obtaining the highest rating of 95 out of 100.
The Global X SuperDividend ETF (SDIV) is the undisputed segment leader when it comes to liquidity. The fund trades 5.79M in daily average volume. Investors should also find ample liquidity in the Fidelity High Dividend ETF (FDVV), with $3.14M in daily dollar volume.
Use limit orders to trade funds such as the Invesco S&P Global Dividend Opportunities Index ETF(LVL), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI ACWI High Dividend Yield Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to DEW. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, SDIV follows a Dividends strategy and obtains a low Fit score compared with our neutral benchmark.