Dividend growth in international markets is expected to be impressive this year, a theme that could benefit an array of exchange traded funds, including the Vanguard International High Dividend Yield ETF (VYMI). An easy way of looking at the Vanguard International High Dividend Yield ETF is that it is the international answer to the wildly popular Vanguard High Dividend Yield ETF (VYM) , one of the largest U.S. dividend ETFs. “The fund's selection universe includes large- and mid-cap stocks in the FTSE All-World ex-US Index.