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.
| Symbol |
Name |
P/E Ratio |
AUM |
Avg Volume |
|
PSJ
|
Dynamic Software
|
25.88
|
$55.2 M
|
17,678
|
|
PXQ
|
Dynamic Networking
|
24.38
|
$94.2 M
|
49,498
|
|
PNQI
|
Nasdaq Internet Portfolio
|
24.32
|
$53.6 M
|
20,363
|
|
ITB
|
Dow Jones U.S. Home Construction Index Fund
|
22.83
|
$526.6 M
|
1,310,402
|
|
FDN
|
DJ Internet Index Fund
|
22.73
|
$535.9 M
|
247,106
|
|
XSW
|
SPDR S&P Software & Services ETF
|
22.50
|
$18.6 M
|
5,963
|
|
JKK
|
Morningstar Small Growth Index Fund
|
21.98
|
$92.6 M
|
8,451
|
|
GGGG
|
Pure Gold Miners ETF
|
20.55
|
$5.5 M
|
6,677
|
|
INP
|
MSCI India Index ETN
|
20.51
|
$570.3 M
|
108,773
|
|
IGV
|
S&P North American Technology-Software Index Fund
|
20.37
|
$531.4 M
|
143,806
|
|
FBT
|
NYSE Arca Biotechnology Index Fund
|
19.94
|
$230.3 M
|
146,100
|
|
JKH
|
Morningstar Mid Growth Index Fund
|
19.30
|
$172.0 M
|
7,794
|
|
IJK
|
S&P MidCap 400 Growth Index Fund
|
19.29
|
$2,940.2 M
|
211,589
|
|
PDP
|
DWA Technical Leaders Portfolio
|
19.21
|
$514.7 M
|
177,944
|
|
XSD
|
SPDR S&P Semiconductor ETF
|
19.01
|
$57.7 M
|
74,394
|
|
IJT
|
S&P SmallCap 600 Growth Index Fund
|
18.17
|
$1,668.5 M
|
190,503
|
|
FAD
|
Multi Cap Growth AlphaDEX Fund
|
18.17
|
$27.1 M
|
6,570
|
|
PWB
|
Dynamic LargeCap Growth
|
18.08
|
$175.0 M
|
28,879
|
|
COLX
|
Market Vectors Colombia ETF
|
18.06
|
$1.9 M
|
846
|
|
IWO
|
Russell 2000 Growth
|
18.05
|
$4,000.5 M
|
1,759,697
|
|
FTC
|
Large Cap Growth AlphaDEX Fund
|
17.60
|
$129.0 M
|
40,354
|
|
ENY
|
Canadian Energy Income ETF
|
17.57
|
$114.5 M
|
52,302
|
|
XHB
|
SPDR Homebuilders ETF
|
17.56
|
$1,270.5 M
|
5,684,354
|
|
QQXT
|
NASDAQ-100 Ex-Technology Sector Index
|
17.53
|
$35.0 M
|
14,133
|
|
SCJ
|
MSCI Japan Small Cap Index Fund
|
17.38
|
$54.7 M
|
8,076
|
|
PEJ
|
Dynamic Leisure & Entertainment Portfolio
|
17.32
|
$45.7 M
|
40,130
|
|
IWP
|
Russell Midcap Growth Index
|
17.30
|
$3,153.7 M
|
657,502
|
|
EVX
|
Market Vectors Environmental Services ETF
|
17.11
|
$30.4 M
|
1,740
|
|
RZG
|
S&P Smallcap 600 Pure Growth
|
17.07
|
$74.3 M
|
23,195
|
|
RFG
|
S&P Midcap 400 Pure Growth
|
16.59
|
$588.5 M
|
110,586
|
|
VUG
|
Growth ETF
|
16.50
|
$6,681.2 M
|
451,657
|
|
PBE
|
Dynamic Biotech &Genome
|
16.50
|
$149.2 M
|
35,722
|
|
WOOD
|
S&P Global Timber & Forestry Index Fund
|
16.48
|
$154.2 M
|
34,308
|
|
IYT
|
Dow Jones Transportation Average Index Fund
|
16.47
|
$432.4 M
|
445,584
|
|
JKE
|
Morningstar Large Growth Index Fund
|
16.46
|
$388.0 M
|
18,395
|
|
IBB
|
Nasdaq Biotechnology
|
16.41
|
$1,712.0 M
|
584,756
|
|
AND
|
FTSE Andean 40 ETF
|
16.39
|
$7.1 M
|
3,120
|
|
GXG
|
InterBolsa FTSE Colombia 20 ETF
|
16.33
|
$137.7 M
|
101,492
|
|
XBI
|
SPDR S&P Biotech ETF
|
16.32
|
$547.5 M
|
219,132
|
|
MDY
|
SPDR MidCap Trust Series I
|
16.22
|
$10,864.1 M
|
2,733,110
|
|
CCXE
|
Commodity Country Equity Fund
|
16.16
|
$31.3 M
|
5,902
|
|
GDX
|
Market Vectors TR Gold Miners
|
16.12
|
$7,450.7 M
|
11,928,584
|
|
VOX
|
Telecom ETF
|
16.09
|
$413.3 M
|
70,452
|
|
QQEW
|
NASDAQ-100 Equal Weighted Index Fund
|
16.08
|
$94.6 M
|
61,189
|
|
FIW
|
ISE Water Index Fund
|
16.04
|
$66.3 M
|
16,129
|
|
IEZ
|
Dow Jones U.S. Oil Equipment & Services Index Fund
|
16.01
|
$511.3 M
|
178,373
|
|
PUI
|
Dynamic Utilities
|
15.92
|
$46.5 M
|
16,960
|
|
VBK
|
Small-Cap Growth ETF
|
15.92
|
$2,145.6 M
|
155,075
|
|
PKB
|
Dynamic Build & Construction
|
15.81
|
$28.8 M
|
15,141
|
|
PXSC
|
RAFI Fundamental Pure Small Core Portfolio
|
15.67
|
$15.7 M
|
2,540
|
|
IGN
|
S&P North American Technology-Multimedia Networking Index Fund
|
15.62
|
$254.5 M
|
73,306
|
|
PHO
|
Water Resource Portfolio
|
15.62
|
$881.5 M
|
186,578
|
|
PMR
|
Dynamic Retail
|
15.60
|
$63.1 M
|
56,637
|
|
FXU
|
Utilities AlphaDEX Fund
|
15.60
|
$386.7 M
|
324,233
|
|
PEY
|
High Yield Dividend Achievers
|
15.51
|
$365.2 M
|
555,402
|
|
PXJ
|
Dynamic Oil Services
|
15.42
|
$171.1 M
|
72,271
|
|
IHI
|
Dow Jones U.S. Medical Devices Index Fund
|
15.38
|
$359.2 M
|
49,392
|
|
IJS
|
S&P SmallCap 600 Value Index Fund
|
15.22
|
$2,196.8 M
|
283,036
|
|
PSAU
|
Global Gold and Precious Metals Portfolio
|
15.21
|
$48.8 M
|
7,038
|
|
IYC
|
Dow Jones U.S. Consumer Index Fund
|
15.21
|
$286.9 M
|
53,852
|
|
PBJ
|
Dynamic Food & Beverage
|
15.21
|
$131.3 M
|
134,425
|
|
DON
|
MidCap Dividend Fund
|
15.20
|
$343.5 M
|
62,087
|
|
PIO
|
Global Water Portfolio
|
15.16
|
$257.1 M
|
84,416
|
|
JKJ
|
Morningstar Small Core Index Fund
|
15.13
|
$149.5 M
|
6,832
|
|
VOT
|
Mid-Cap Growth ETF
|
15.10
|
$1,206.5 M
|
107,706
|
|
PSL
|
Dynamic Consumer Staples
|
15.09
|
$41.2 M
|
6,478
|
|
IWZ
|
Russell 3000 Growth Index Fund
|
15.07
|
$329.5 M
|
90,402
|
|
FYX
|
Small Cap Core AlphaDEX Fund
|
15.03
|
$164.2 M
|
53,781
|
|
RPG
|
S&P 500 Pure Growth ETF
|
15.02
|
$299.7 M
|
54,476
|
|
IYK
|
Dow Jones U.S. Consumer Goods Index Fund
|
14.92
|
$374.7 M
|
47,108
|
|
IWF
|
Russell 1000 Growth
|
14.89
|
$15,597.2 M
|
2,814,524
|
|
XLP
|
Consumer Staples Select Sector SPDR
|
14.88
|
$5,043.3 M
|
6,778,972
|
|
FXH
|
Health Care AlphaDEX
|
14.87
|
$558.8 M
|
260,905
|
|
DEF
|
Defensive Equity ETF
|
14.86
|
$60.5 M
|
26,303
|
|
INDY
|
S&P India Nifty Fifty Index Fund
|
14.81
|
$335.1 M
|
154,173
|
|
PTF
|
Dynamic Technology
|
14.79
|
$31.8 M
|
2,985
|
|
IPS
|
SPDR S&P International Consumer Staples Sector ETF
|
14.73
|
$16.0 M
|
9,383
|
|
IWR
|
Russell Midcap Index Fund
|
14.72
|
$6,611.1 M
|
366,938
|
|
EWW
|
MSCI Mexico Index Fund
|
14.72
|
$1,201.9 M
|
2,495,408
|
|
IDU
|
Dow Jones U.S. Utilities Index Fund
|
14.70
|
$693.1 M
|
67,848
|
|
CSD
|
Spin-Off ETF
|
14.68
|
$33.9 M
|
15,767
|
|
EWM
|
MSCI Malaysia Index Fund
|
14.68
|
$929.4 M
|
1,754,178
|
