100 Equity ETFs with the Highest P/E Ratios

The P/E ratio, sometimes also referred to as the earnings multiple, is calculated by dividing a fund's price by its earnings. Generally speaking, the higher the P/E, the more investors are expecting higher future earnings growth. Here is a list of the 100 equity ETFs with the highest P/E ratios. You may also wish to peruse our list of the 100 equity ETFs with the lowest P/E ratios.

This data may include leveraged and inverse ETFs. To exclude leveraged and inverse ETFs from the table below, click here.

Symbol
Name
P/E Ratio
AUM
Avg Volume
PNQI Nasdaq Internet Portfolio 40.07 $323.3 M 105,803
FDN DJ Internet Index Fund 36.85 $1,815.8 M 620,102
PBW WilderHill Clean Energy Portfolio 33.63 $222.0 M 421,957
BBH Market Vectors Biotech ETF 30.23 $509.4 M 246,589
XBI SPDR S&P Biotech ETF 29.64 $1,021.7 M 726,278
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $182.4 M 167,610
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,053.2 M 232,717
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $130.2 M 5,497
PSJ Dynamic Software 28.37 $57.0 M 11,146
IBB Nasdaq Biotechnology 27.89 $4,502.9 M 2,365,170
XSW SPDR S&P Software & Services ETF 26.50 $32.6 M 6,557
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $194.8 M 6,541
PSCH S&P SmallCap Health Care Portfolio 26.11 $166.8 M 37,444
PBE Dynamic Biotech &Genome 25.61 $350.9 M 202,506
AMLP Alerian MLP ETF 25.38 $8,097.4 M 3,191,224
XSD SPDR S&P Semiconductor ETF 25.26 $141.9 M 46,632
PSCT S&P SmallCap Information Technology Portfolio 25.21 $238.0 M 34,875
XTL SPDR S&P Telecom ETF 25.05 $19.0 M 7,279
FYC Small Cap Growth AlphaDEX Fund 24.75 $34.0 M 12,744
LTL Ultra Telecommunications ProShares 24.58 $6.4 M 856
IYZ iShares U.S. Telecommunications ETF 24.58 $587.7 M 359,875
IGV iShares North American Tech-Software ETF 24.53 $1,117.6 M 192,159
PXQ Dynamic Networking 24.45 $29.5 M 6,721
RZG S&P Smallcap 600 Pure Growth 23.69 $109.4 M 15,051
EVX Market Vectors Environmental Services ETF 23.63 $19.4 M 1,502
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $12.1 M 2,806
VTWG Russell 2000 Growth ETF 23.34 $120.8 M 30,332
VIOG S&P Small-Cap 600 Growth ETF 23.09 $58.5 M 7,151
UKK Ultra Russell2000 Growth 23.06 $13.0 M 2,017
IWO iShares Russell 2000 Growth ETF 23.05 $5,758.7 M 1,600,538
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $376.6 M 13,973
XHE SPDR S&P Health Care Equipment ETF 23.01 $29.7 M 2,348
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,726.7 M 154,137
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $162.1 M 10,590
IJK iShares U.S. Consumer Goods ETF 22.08 $4,404.7 M 163,646
ECON EGShares Emerging Markets Consumer 22.03 $1,272.3 M 421,744
XME SPDR S&P Metals & Mining ETF 21.78 $638.3 M 1,937,094
PSCM S&P SmallCap Materials Portfolio 21.77 $57.4 M 22,459
PDP DWA Technical Leaders Portfolio 21.71 $1,241.7 M 299,919
URA Uranium ETF 21.68 $237.7 M 301,862
FNY Mid Cap Growth AlphaDEX Fund 21.46 $40.1 M 13,578
PZD Cleantech Portfolio 21.27 $83.2 M 8,792
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $254.5 M 16,456
GEX Market Vectors Global Alternative Energy ETF 21.00 $103.8 M 14,806
PSI Dynamic Semiconductors 20.86 $19.0 M 8,281
UKW Ultra Russell MidCap Growth 20.83 $13.8 M 1,046
PBD Global Clean Energy Portfolio 20.82 $92.9 M 63,930
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,613.3 M 352,213
FAD Multi Cap Growth AlphaDEX Fund 20.73 $58.6 M 9,843
EIRL iShares MSCI Ireland Capped ETF 20.69 $174.1 M 58,989
VIOO S&P Small-Cap 600 ETF 20.68 $152.9 M 17,006
SLY SPDR S&P 600 Small Cap ETF 20.67 $419.0 M 22,767
IJR Core S&P Small-Cap ETF 20.67 $13,465.6 M 1,059,959
SAA Ultra SmallCap600 20.66 $22.4 M 2,705
RBL SPDR S&P Russia ETF 20.47 $20.2 M 54,759
JKE iShares Morningstar Large-Cap Value ETF 20.43 $513.7 M 25,314
BRAQ Brazil Consumer ETF 20.40 $15.1 M 4,786
FIW ISE Water Index Fund 20.25 $192.1 M 42,000
RFG S&P Midcap 400 Pure Growth 20.23 $785.9 M 35,173
PWB Dynamic LargeCap Growth 20.14 $284.9 M 53,037
PSCE S&P SmallCap Energy Portfolio 20.13 $50.4 M 9,600
PJP Dynamic Pharmaceuticals 20.01 $1,047.2 M 344,711
ENY Canadian Energy Income ETF 19.99 $45.2 M 11,565
XPH SPDR S&P Pharmaceuticals ETF 19.92 $769.8 M 147,067
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $89.8 M 22,506
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $375.9 M 266,244
FPX IPOX-100 Index Fund 19.79 $473.5 M 170,111
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $215.8 M 61,273
PHO Water Resource Portfolio 19.69 $991.3 M 116,335
IJH Core S&P Mid-Cap ETF 19.60 $19,840.8 M 1,367,471
MVV Ultra MidCap400 19.60 $151.7 M 760,659
VBK Small-Cap Growth ETF 19.46 $3,676.5 M 190,448
JKJ iShares Morningstar Small-Cap ETF 19.46 $210.9 M 4,321
IHI iShares U.S. Medical Devices ETF 19.41 $716.6 M 109,503
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $37.4 M 16,232
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $110.4 M 16,033
IWM iShares Russell 2000 ETF 19.31 $27,139.9 M 48,427,859
UWM Ultra Russell2000 19.30 $1,636.5 M 700,719
VHT Health Care ETF 19.19 $2,870.1 M 371,489
RYH S&P Equal Weight Health Care ETF 19.18 $175.3 M 33,217
CSD Spin-Off ETF 19.17 $724.6 M 193,292
PUI DWA Utilities Momentum 19.16 $40.2 M 6,097
IVOO S&P Mid-Cap 400 ETF 19.14 $302.8 M 26,575
XLY Consumer Discretionary Select Sector SPDR 19.12 $5,358.2 M 6,798,524
XRT SPDR S&P Retail ETF 19.11 $823.4 M 3,530,514
FTC Large Cap Growth AlphaDEX Fund 19.11 $266.5 M 60,494
CNDA IQ Canada Small Cap ETF 19.11 $16.3 M 1,322
VTWO Russell 2000 ETF 19.11 $363.1 M 55,911
SCHA U.S. Small-Cap ETF 19.09 $1,999.5 M 330,797
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $107.0 M 9,567