IDV devotes about 66% of the portfolio to Europe, but the concentration to troubled economies is much less than DWX. The Guggenheim S&P Global Dividend Opportunities ETF (NYSEArca: LVL) has a high yield of 7.1%, and allocates 57% to Europe. The high yield is a payoff for the high level of risk, as 83% of the portfolio is devoted to high yield international stocks.

Going forward, it is important to watch international dividend ETFs since they had a high price appreciation in 2012, reports Zhang. Yields can drop off if the stock or ETF price appreciates. [International Dividend ETFs Ahead of the Fiscal Cliff]

Other international dividend ETFs include:

  •  WisdomTree International LargeCap Dividend Fund (NYSEArca: DOL)
  • Dow Jones Global Select Dividend Index Fund (NYSEArca: FGD)
  • SPDR S&P Emerging Market Dividend ETF (NYSEArca: EDIV)

SPDR S&P International Dividend ETF 

Tisha Guerrero contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.