DRIV - Vanguard International High Dividend Yield ETF: Fine Except It's Not

• The Vanguard International High Dividend Yield ETF is a decent investment, but it is not a vehicle to achieve "high yield".
• According to my math, the LTM distributions equate to a 2.88% yield.
• But before you turn away, VYMI's one-year total returns are an impressive 45.5% (yes, as measured from the pandemic lows of last year).
• In addition, the average P/E Ratio of 14.1x compares very favorably to the current S&P500 P/E = 44.8x.
• As a result, for those US investors looking for some international exposure with decent income, the VYMI ETF may be just the ticket.

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