Related: How to tap Into Developed Market Dividend Growth

Other international dividend ETFs include the PowerShares International Dividend Achievers Portfolio (NYSEArca: PID), FlexShares International Quality Dividend Index Fund (NYSEArca: IQDF) and the WisdomTree International Dividend ex-Financials Fund (NYSEArca: DOO).

However, VYMI, as is often the case with Vanguard ETFs, is one of the lower cost options in the international dividend ETF space with annual fee of just 0.3%, or $30 per $10,000 invested.

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Vanguard International High Dividend Yield ETF