Along with the cheaper valuations, investors may also enjoy the higher yields. HDAW comes with a 2.43% 12-month yield, compared to the SPY’s 2.06% yield.

SEE MORE: Dividend ETFs for a Slow-Growth Environment Ahead

For even greater targeted overseas exposure, investors may consider the Deutsche X-trackers MSCI Emerging Markets High Dividend Yield Hedged Equity ETF (NYSEArca: HDEE) for exposure to the developing economies while the Deutsche X-trackers MSCI EAFE High Dividend Yield Hedged Equity ETF (NYSEArca: HDEF) tracks developed countries across Europe, Australasia and the Far East. Both ETFs hedge their currency risks as well.

HDEE shows a low 9.37 P/E and a 1.06 P/B while HDEF trades at a higher 14.69 P/E and 1.67 P/B.

The emerging market ETF has a 1.97% 12-month yield and the EAFE comes with a robust 4.23% 12-month yield.

For more information on the international markets, visit our global ETFs category.