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 $247.4 M 43,167
FDN DJ Internet Index Fund 36.85 $2,069.2 M 294,816
PBW WilderHill Clean Energy Portfolio 33.63 $128.2 M 152,613
BBH Market Vectors Biotech ETF 30.23 $727.2 M 143,113
XBI SPDR S&P Biotech ETF 29.64 $1,847.8 M 539,227
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $83.3 M 50,541
FBT NYSE Arca Biotechnology Index Fund 28.97 $2,529.3 M 199,292
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $114.8 M 2,905
PSJ Dynamic Software 28.37 $49.5 M 4,867
IBB Nasdaq Biotechnology 27.89 $7,253.2 M 1,415,213
XSW SPDR S&P Software & Services ETF 26.50 $27.7 M 1,503
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $210.7 M 3,300
PSCH S&P SmallCap Health Care Portfolio 26.11 $164.2 M 11,162
PBE Dynamic Biotech &Genome 25.61 $503.0 M 68,738
AMLP Alerian MLP ETF 25.38 $8,916.7 M 5,775,855
XSD SPDR S&P Semiconductor ETF 25.26 $181.9 M 106,422
PSCT S&P SmallCap Information Technology Portfolio 25.21 $245.0 M 28,927
XTL SPDR S&P Telecom ETF 25.05 $36.6 M 11,494
FYC Small Cap Growth AlphaDEX Fund 24.75 $39.0 M 30,810
LTL Ultra Telecommunications ProShares 24.58 $6.5 M 5,915
IYZ iShares U.S. Telecommunications ETF 24.58 $511.5 M 238,271
IGV iShares North American Tech-Software ETF 24.53 $1,186.3 M 80,438
PXQ Dynamic Networking 24.45 $25.1 M 3,340
RZG S&P Smallcap 600 Pure Growth 23.69 $102.1 M 10,081
EVX Market Vectors Environmental Services ETF 23.63 $15.5 M 347
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $15.7 M 1,521
VTWG Russell 2000 Growth ETF 23.34 $112.7 M 7,905
VIOG S&P Small-Cap 600 Growth ETF 23.09 $73.5 M 4,776
IWO iShares Russell 2000 Growth ETF 23.05 $6,601.9 M 1,179,230
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $418.4 M 9,954
XHE SPDR S&P Health Care Equipment ETF 23.01 $40.4 M 2,065
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $3,026.0 M 145,110
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $205.1 M 7,594
IJK iShares U.S. Consumer Goods ETF 22.08 $4,910.5 M 128,524
ECON EGShares Emerging Markets Consumer 22.03 $1,147.5 M 280,337
XME SPDR S&P Metals & Mining ETF 21.78 $348.7 M 2,012,337
PSCM S&P SmallCap Materials Portfolio 21.77 $22.0 M 14,608
PDP DWA Technical Leaders Portfolio 21.71 $1,676.7 M 242,168
URA Uranium ETF 21.68 $193.7 M 269,513
FNY Mid Cap Growth AlphaDEX Fund 21.46 $72.9 M 27,322
PZD Cleantech Portfolio 21.27 $70.7 M 5,297
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $331.0 M 13,938
GEX Market Vectors Global Alternative Energy ETF 21.00 $81.8 M 7,154
PSI Dynamic Semiconductors 20.86 $39.7 M 33,435
PBD Global Clean Energy Portfolio 20.82 $61.7 M 45,517
IWP iShares Russell Mid-Cap Growth ETF 20.79 $5,824.6 M 393,844
FAD Multi Cap Growth AlphaDEX Fund 20.73 $73.5 M 5,705
EIRL iShares MSCI Ireland Capped ETF 20.69 $76.8 M 39,095
VIOO S&P Small-Cap 600 ETF 20.68 $197.0 M 19,384
IJR Core S&P Small-Cap ETF 20.67 $15,014.8 M 1,229,629
SLY SPDR S&P 600 Small Cap ETF 20.67 $365.7 M 17,463
SAA Ultra SmallCap600 20.66 $24.8 M 1,368
RBL SPDR S&P Russia ETF 20.47 $27.3 M 41,365
JKE iShares Morningstar Large-Cap Value ETF 20.43 $650.4 M 16,200
BRAQ Brazil Consumer ETF 20.40 $8.3 M 2,877
FIW ISE Water Index Fund 20.25 $188.7 M 29,411
RFG S&P Midcap 400 Pure Growth 20.23 $698.3 M 25,268
PWB Dynamic LargeCap Growth 20.14 $293.4 M 33,681
PSCE S&P SmallCap Energy Portfolio 20.13 $28.6 M 33,519
PJP Dynamic Pharmaceuticals 20.01 $1,639.6 M 178,992
ENY Canadian Energy Income ETF 19.99 $37.8 M 57,814
XPH SPDR S&P Pharmaceuticals ETF 19.92 $1,134.5 M 70,984
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $119.8 M 18,802
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $583.8 M 120,003
FPX IPOX-100 Index Fund 19.79 $539.4 M 69,030
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $367.5 M 80,854
PHO Water Resource Portfolio 19.69 $878.1 M 97,478
MVV Ultra MidCap400 19.60 $226.8 M 218,881
IJH Core S&P Mid-Cap ETF 19.60 $24,597.4 M 1,334,989
VBK Small-Cap Growth ETF 19.46 $4,016.7 M 120,289
JKJ iShares Morningstar Small-Cap ETF 19.46 $219.1 M 5,495
IHI iShares U.S. Medical Devices ETF 19.41 $861.7 M 94,689
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $37.4 M 8,424
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $92.8 M 11,060
IWM iShares Russell 2000 ETF 19.31 $28,949.6 M 36,361,938
UWM Ultra Russell2000 19.30 $338.7 M 338,087
VHT Health Care ETF 19.19 $4,630.8 M 334,710
RYH S&P Equal Weight Health Care ETF 19.18 $489.3 M 54,487
CSD Spin-Off ETF 19.17 $508.8 M 66,432
PUI DWA Utilities Momentum 19.16 $43.1 M 11,433
IVOO S&P Mid-Cap 400 ETF 19.14 $361.3 M 19,940
XLY Consumer Discretionary Select Sector SPDR 19.12 $8,702.3 M 7,659,968
VTWO Russell 2000 ETF 19.11 $472.2 M 70,527
CNDA IQ Canada Small Cap ETF 19.11 $9.9 M 4,379
FTC Large Cap Growth AlphaDEX Fund 19.11 $499.7 M 79,502
XRT SPDR S&P Retail ETF 19.11 $1,466.2 M 2,525,130
SCHA U.S. Small-Cap ETF 19.09 $2,409.3 M 250,579
PSCF S&P SmallCap Financials Portfolio 19.05 $114.0 M 8,562