The Franklin FTSE Germany ETF is most cost-competitive than the larger- EWG, while also maintaining a superior track record of risk-adjusted returns. German macros, which have been in a dismal place for quite some time, appear to be getting a shot in the arm, although tariff-related pressures are still a concern. German stocks' valuations relative to developed markets are not hugely compelling, particularly in light of a similar degree of earnings growth.