---
ticker: "EWG"
name: "iShares MSCI Germany ETF"
url: "https://etf.net/etf/EWG"
grade: "B"
score: 66
graded_at: "2026-10-12"
category: "Developed Single Country"
category_rank: "8 of 38"
methodology: "https://etf.net/methodology"
---

# EWG: iShares MSCI Germany ETF

Grade **B**, Score 66 of 100. Rank 8 of 38 in Developed Single Country.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 10 of 38 |
| Mission | 89 | 2 of 35 |
| Risk | 48 | 17 of 37 |
| Tradability | 82 | 4 of 38 |
| Holdings | 46 | 22 of 36 |
| Durability | 71 | 8 of 38 |

## Top holdings

The fund holds 54 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SIE.DE | Siemens N AG | 12.03% |
| 2 | SAP.DE | Sap | 11.86% |
| 3 | ALV.DE | Allianz | 9.69% |
| 4 | ENR.DE | Siemens Energy N AG | 6.88% |
| 5 | DTE.DE | Deutsche Telekom N AG | 5.12% |
| 6 | IFX.DE | Infineon Technologies AG | 4.70% |
| 7 | MUV2.DE | Muenchener Rueckversicherungs-Gese | 4.06% |
| 8 | DB1.DE | Deutsche Boerse AG | 3.28% |
| 9 | DHL.DE | Dhl AG | 3.15% |
| 10 | DBK.DE | Deutsche Bank AG | 3.14% |
| 11 | BAS.DE | Basf N | 2.75% |
| 12 | RHM.DE | Rheinmetall AG | 2.68% |
| 13 | BAYN.DE | Bayer AG | 2.63% |
| 14 | EOAN.DE | E.on N | 2.35% |
| 15 | RWE.DE | Rwe AG | 2.28% |
| 16 | MBG.DE | Mercedes-Benz Group N AG | 1.63% |
| 17 | ADS.DE | Adidas N AG | 1.48% |
| 18 | CBK.DE | Commerzbank AG | 1.37% |
| 19 | DTG.DE | Daimler Truck Holding E AG | 1.16% |
| 20 | HEI.DE | Heidelberg Materials AG | 1.15% |
| 21 | MTX.DE | Mtu Aero Engines Holding AG | 1.15% |
| 22 | FRE.DE | Fresenius N | 1.09% |
| 23 | MRK.DE | Merck | 1.09% |
| 24 | BMW.DE | Bmw | 1.05% |
| 25 | HNR1.DE | Hannover Rueck | 0.97% |
| 26 | VOW3.DE | Volkswagen Non-Voting Pref AG | 0.86% |
| 27 | SHL.DE | Siemens Healthineers AG | 0.81% |
| 28 | SY1.DE | Symrise AG | 0.75% |
| 29 | VNA.DE | Vonovia SE | 0.72% |
| 30 | HEN3.DE | Henkel & Kgaa Pref AG | 0.69% |

Source: etf.net, https://etf.net/etf/EWG. Please cite the page URL.