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
ENY Canadian Energy Income ETF 41.09 $42.7 M 54,954
FRAK Market Vectors Unconventional Oil & Gas ETF 37.68 $63.4 M 30,889
ARKK Ark Innovation ETF 37.64 $6.2 M 2,151
GLDX Gold Explorers ETF 35.80 $29.6 M 24,089
FDN DJ Internet Index Fund 35.28 $2,491.3 M 358,681
SGDM Gold Miners ETF 34.67 $186.7 M 276,725
ARKW Web X.0 ETF 34.20 $9.7 M 1,981
SIL Silver Miners ETF 32.83 $172.7 M 232,590
REET Global REIT ETF 31.95 $22.6 M 8,235
RWG Select Large Cap Growth ETF 31.89 $9.3 M 502
HACK ISE Cyber Security ETF 31.59 $479.7 M 442,598
FCG ISE-Revere Natural Gas Index Fund 29.48 $241.9 M 1,056,283
PTF DWA Technology Momentum 29.29 $66.6 M 19,868
PXQ Dynamic Networking 28.72 $26.6 M 3,114
ARKQ Industrial Innovation ETF 28.71 $9.9 M 2,678
XHE SPDR S&P Health Care Equipment ETF 28.30 $46.7 M 2,475
XPH SPDR S&P Pharmaceuticals ETF 28.30 $1,182.6 M 117,897
XBI SPDR S&P Biotech ETF 27.90 $2,025.9 M 775,733
IGV iShares North American Tech-Software ETF 27.79 $1,195.1 M 77,243
INCO India Consumer ETF 27.72 $86.9 M 65,671
GDX Market Vectors TR Gold Miners 27.72 $5,864.0 M 48,086,617
XSD SPDR S&P Semiconductor ETF 27.60 $174.9 M 113,967
JKK iShares Morningstar Small-Cap Growth ETF 27.32 $119.6 M 2,321
XSW SPDR S&P Software & Services ETF 27.20 $29.4 M 1,584
PTH DWA Healthcare Momentum 27.19 $175.2 M 28,746
DXJH Japan Hedged Health Care Fund 26.53 $3.1 M 3,260
PSJ Dynamic Software 26.17 $55.6 M 8,049
JKH iShares Morningstar Mid-Cap Growth ETF 25.71 $229.8 M 4,840
IEO iShares U.S. Oil & Gas Exploration & Production ETF 25.69 $483.5 M 163,254
XTL SPDR S&P Telecom ETF 25.59 $89.8 M 27,422
XLE Energy Select Sector SPDR 25.43 $12,477.5 M 24,753,281
SKYY ISE Cloud Computing Index Fund 25.31 $425.6 M 76,183
XOP SPDR S&P Oil & Gas Explor & Product 25.30 $1,459.9 M 11,504,543
CNXT Market Vectors ChinaAMC SME-ChiNext ETF 25.02 $41.5 M 21,835
SBIO Medical Breakthroughs ETF 24.89 $46.8 M n/a
ENFR Alerian Energy Infrastructure ETF 24.80 $20.0 M 6,752
VBK Small-Cap Growth ETF 24.46 $4,284.8 M 136,817
IBB Nasdaq Biotechnology 24.39 $7,831.7 M 1,603,727
ARKG Genomic Revolution Multi-Sector ETF 24.34 $8.0 M 5,302
BBH Market Vectors Biotech ETF 24.25 $782.7 M 160,414
YMLI Yorkville High Income Infrastructure MLP ETF 24.05 $59.6 M 20,981
VOT Mid-Cap Growth ETF 23.97 $3,252.6 M 182,089
SILJ PureFunds ISE Junior Silver ETF 23.89 $4.8 M 6,810
PBE Dynamic Biotech &Genome 23.86 $528.3 M 80,605
MDYG SPDR S&P 400 Mid Cap Growth ETF 23.71 $230.3 M 11,168
SLVP MSCI Global Silver Miners ETF 23.70 $13.5 M 19,843
PEJ Dynamic Leisure & Entertainment Portfolio 23.51 $197.6 M 57,084
QQQE NASDAQ-100 Equal Weighted Index Shares 23.45 $80.5 M 21,811
DXJR Japan Hedged Real Estate Fund 23.39 $36.5 M 13,048
FYC Small Cap Growth AlphaDEX Fund 23.35 $40.3 M 30,062
IHE iShares U.S. Pharmaceuticals ETF 23.34 $1,147.1 M 61,665
IRY SPDR S&P International Health Care Sector ETF 23.25 $75.0 M 16,590
MLPX Global X MLP & Energy Infrastructure ETF 23.13 $174.9 M 70,852
RPG S&P 500 Pure Growth ETF 23.00 $2,070.9 M 180,094
SLYG SPDR S&P 600 Small Cap Growth ETF 22.79 $502.2 M 18,244
RING iShares MSCI Global Gold Miners ETF 22.67 $57.4 M 82,230
RYH S&P Equal Weight Health Care ETF 22.67 $655.7 M 58,584
RZG S&P Smallcap 600 Pure Growth 22.66 $121.5 M 13,300
IHI iShares U.S. Medical Devices ETF 22.62 $758.8 M 104,460
PBS Dynamic Media 22.61 $142.6 M 40,467
FNY Mid Cap Growth AlphaDEX Fund 22.60 $84.0 M 38,438
LTL Ultra Telecommunications ProShares 22.52 $7.1 M 3,144
AMLP Alerian MLP ETF 22.51 $8,786.0 M 4,958,391
IVOG S&P Mid-Cap 400 Growth ETF 22.48 $363.1 M 16,703
TOLZ DJ Brookfield Global Infrastructure ETF 22.39 $23.6 M 6,281
IJK iShares S&P Mid-Cap 400 Growth ETF 22.28 $5,226.3 M 162,294
CSD Spin-Off ETF 22.19 $518.9 M 55,748
IYZ iShares U.S. Telecommunications ETF 22.18 $536.8 M 276,241
XMLV S&P MidCap Low Volatility Portfolio 22.16 $92.3 M 30,987
RFG S&P Midcap 400 Pure Growth 22.15 $709.6 M 23,095
VDE Energy ETF 22.14 $3,827.7 M 572,211
FXH Health Care AlphaDEX 22.13 $3,387.9 M 344,510
PJP Dynamic Pharmaceuticals 22.02 $1,939.8 M 205,352
FENY MSCI Energy Index ETF 21.98 $245.2 M 203,278
JKE iShares Morningstar Large-Cap Value ETF 21.96 $725.8 M 23,456
MTK SPDR MS Technology 21.85 $363.8 M 30,367
IYE iShares U.S. Energy ETF 21.77 $1,206.8 M 971,873
IGE iShares North American Natural Resources ETF 21.72 $2,146.3 M 606,783
RYE S&P Equal Weight Energy ETF 21.70 $144.5 M 44,257
IGN iShares North American Tech-Multimedia Networking ETF 21.69 $142.4 M 62,390
XLV Health Care Select Sector SPDR 21.61 $13,747.1 M 10,233,049
ASHS db X-trackers Harvest CSI 500 China-A Shares Small Cap Fund 21.56 $39.8 M 22,556
FAD Multi Cap Growth AlphaDEX Fund 21.54 $75.6 M 8,265
EMLP North American Energy Infrastructure Fund 21.54 $1,123.8 M 433,984
IPW SPDR S&P International Energy Sector ETF 21.48 $24.7 M 19,803
IWO iShares Russell 2000 Growth ETF 21.45 $7,198.7 M 857,689
RYT S&P Equal Weight Technology ETF 21.31 $909.3 M 110,425
IPS SPDR S&P International Consumer Staples Sector ETF 21.24 $34.5 M 6,125
MLPA MLP ETF 21.23 $167.5 M 131,281
RHS S&P Equal Weight Consumer Staples ETF 21.22 $272.0 M 33,113
FBT NYSE Arca Biotechnology Index Fund 21.17 $3,099.2 M 244,479
XLP Consumer Staples Select Sector SPDR 21.16 $8,851.0 M 8,250,236
IWP iShares Russell Mid-Cap Growth ETF 21.05 $6,364.8 M 374,429