Risk and returns often go hand-in-hand, and income hunters who are willing to stomach a little more risk can look overseas for attractive dividends in globally focused exchange traded funds.

With the Federal Reserve depressing yields on U.S. government bonds, investors have branched out to riskier investments for yields. [Surveying the Dividend ETF Landscape]

“What we have is money that had typically gone to fixed income now coming into equities,” Chris Wallis, chief investment officer of Vaughan Nelson Investment Management, said in a Wall Street Journal article. “They’re looking for bond substitutes and it doesn’t mean that the money is going to exit and go either to cyclical stocks or go to cash. I think it’s going to stay where it is.” [Dividend ETFs: Yields Falling as Market Rallies]

For starters, the Global X SuperDividend ETF (NYSEArca: SDIV), which tracks the performance of 100 equally weighted companies with some of the highest dividend yields in the world, comes with a 7.67% 12-month dividend yield and a 0.58% expense ratio. The fund is up 11.3% year-to-date.

Regional breakdowns include North America 33.6%, Latin America 3.4%, U.K. 12.3%, Developed Europe 13.2%, Emerging Europe 3.8%, Australasia 23.7% and developed Asia 10.0%. The fund is primarily composed of developed market stocks at 92.8% of the portfolio, with a 7.2% allocation toward emerging markets.

Sector allocations include basic materials 2.3%, consumer cyclical 8.4%, financials 17.5%, real estate 20.5%, telecom 11.8%, energy 4.7%, industrials 9.5%, technology 4.0%, consumer defensive 3.0%, healthcare 5.9% and utilities 12.7%.

The SPDR S&P International Dividend ETF (NYSEArca: DWX) also offers an attractive 7.35% dividend yield. The fund tracks mostly non-U.S. mid-cap companies as it weights holdings by dividend yield, but the highest component weighting is 3.8% of the fund. DWX has a 0.45% expense ratio. The ETF is up 5.1% year-to-date.

However, the high yields do not come without risks.