DWX has a currency hedged equivalent, the SPDR S&P International Dividend Currency Hedged ETF (NYSEArca: HDWX), which debuted in September.

These types of yield-generating investments may pick up as global investors search out income opportunities after foreign central banks enacted loose monetary policies, similar to what happened in the U.S. markets after the Federal Reserve cut rates.

The new ETFs will utilize foreign currency forward contracts to hedge currency risks. Consequently, these currency hedged ETFs could outperform non-hedged funds if foreign currencies weaken against the U.S. dollar. However, potential investors should be aware that the currency hedged ETFs could underperform non-hedged funds if foreign currencies strengthen or the U.S. dollar depreciates.

SPDR S&P International Dividend ETF