Equity: Germany - Total Market
With 8 ETFs and over $2.81B in combined AUM, the Equity: Germany - Total Market segment provides exposure to the Germany space with a focus on Total Market securities.
Year-to-date, the best-performing ETF in the segment is the First Trust Germany AlphaDEX Fund (FGM), with a total return of 11.66%. Meanwhile, the most popular ETF is the iShares MSCI Germany ETF (EWG) with $2.35BB in assets under management.
Investors should take a look at the iShares MSCI Germany ETF (EWG). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. EWG tracks a market-cap-weighted index of German companies. It covers the top 85% of German companies by market cap. EWG has an expense ratio of 0.47% and tracks the MSCI Germany Index.
ETF.com Efficiency Insight
The average efficiency score in the Equity: Germany - Total Market segment is 77 out of 100, with the iShares MSCI Germany ETF(EWG) obtaining the highest rating of 93 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.38% per year, with the Xtrackers Germany Equity ETF (GRMY) having the lowest expense ratio, charging investors 0.09% yearly.
Investors should look for funds with tight tracking, such as the SPDR Solactive Germany ETF (ZDEU), with a 12-month median tracking difference of -0.05%.
ETF.com Tradability Insight
The average tradability score in the Equity: Germany - Total Market segment is 63 out of 100, with the iShares MSCI Germany ETF(EWG) obtaining the highest rating of 89 out of 100.
The iShares MSCI Germany ETF (EWG) is the undisputed segment leader when it comes to liquidity. The fund trades 84.75M in daily average volume. Investors should also find ample liquidity in the iShares Currency Hedged MSCI Germany ETF (HEWG), with $3.84M in daily dollar volume.
Use limit orders to trade funds such as the First Trust Germany AlphaDEX Fund(FGM), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI Germany IMI has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to EWG. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, HEWG follows a Currency Hedged Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.