The iShares MSCI Germany ETF (NYSEArca: EWG), the largest Germany ETF, has traded modestly lower this year. S&P Capital IQ rates EWG marketweight.

Following the European Central Bank’s efforts to weaken the euro, investors may want to consider other ways of tapping German equities, many of which are positively correlated to a weaker common currency due to the export-driven nature of Germany’s economy.

The db X-trackers MSCI Germany Hedged Equity Fund (NYSEArca: DBGR), the WisdomTree Germany Hedged Equity Fund (NasdaqGM: DXGE) have delivered both outperformed EWG this year with DXGE posting a 3.5% gain, tops among large-cap Germany ETFs. Notably, DBGR has doubled in size as investors bet on ECB easing. The iShares Currency Hedged MSCI Germany ETF (NYSEArca: HEWG), which debuted in February, already has $49.4 million in assets under management. [Other ETF Options for Germany]

German equities continue to merit high exposure because, in addition to auspicious absolute and relative valuation measures, its superior economic strength should proceed to power the eurozone’s revival,” added S&P Capital IQ.

iShares MSCI Germany ETF