hold taxable to capture foreign tax credit on withheld dividends.
DEW belongs in taxable because foreign dividend withholding is creditable only when the ETF is held outside Roth and traditional IRAs.
International dividend ETFs incur foreign withholding before dividends reach the shareholder. In taxable, that withholding can be offset via the foreign tax credit, while in IRA accounts the credit is unavailable and the drag persists.
"5 Laws Of Dividend ETF Placement (SCHD, JEPI, JEPQ, SPYI)"