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
GLDX Gold Explorers ETF 95.70 $31.7 M 15,340
FRAK Market Vectors Unconventional Oil & Gas ETF 58.62 $70.6 M 32,248
FCG ISE-Revere Natural Gas Index Fund 52.74 $252.8 M 659,554
FDN DJ Internet Index Fund 38.80 $2,860.7 M 269,832
ENY Canadian Energy Income ETF 38.31 $42.1 M 28,427
ARKK Ark Innovation ETF 38.28 $7.5 M 1,516
ARKW Web X.0 ETF 37.16 $11.7 M 1,868
SGDM Gold Miners ETF 36.07 $170.3 M 132,521
CNXT Market Vectors ChinaAMC SME-ChiNext ETF 33.70 $80.8 M 97,389
RWG Select Large Cap Growth ETF 33.11 $12.0 M 1,548
PTF DWA Technology Momentum 32.04 $129.2 M 48,921
REET Global REIT ETF 31.73 $27.1 M 8,913
XHE SPDR S&P Health Care Equipment ETF 31.40 $46.3 M 1,971
HACK ISE Cyber Security ETF 31.39 $751.2 M 455,551
PSJ Dynamic Software 30.88 $58.0 M 7,544
JKK iShares Morningstar Small-Cap Growth ETF 30.66 $123.0 M 1,690
XBI SPDR S&P Biotech ETF 29.86 $2,225.4 M 996,686
IGV iShares North American Tech-Software ETF 29.74 $1,274.3 M 113,865
AMZA InfraCap MLP ETF 28.72 $14.3 M 10,486
XPH SPDR S&P Pharmaceuticals ETF 28.51 $1,170.3 M 100,540
JKH iShares Morningstar Mid-Cap Growth ETF 28.24 $234.9 M 6,295
DXJH Japan Hedged Health Care Fund 28.07 $4.7 M 5,185
SKYY ISE Cloud Computing Index Fund 27.47 $477.0 M 76,911
GDX Market Vectors TR Gold Miners 27.30 $6,697.3 M 40,471,719
XSW SPDR S&P Software & Services ETF 27.20 $46.3 M 5,476
NUGT Daily Gold Miners Bull 3x Shares 27.13 $767.1 M 19,514,113
PXQ Dynamic Networking 27.08 $28.2 M 3,192
ENFR Alerian Energy Infrastructure ETF 27.02 $17.7 M 4,990
ARKQ Industrial Innovation ETF 26.85 $13.1 M 4,189
PTH DWA Healthcare Momentum 26.81 $200.1 M 25,989
IBB Nasdaq Biotechnology 26.64 $8,831.0 M 1,888,152
MLPX Global X MLP & Energy Infrastructure ETF 26.59 $215.6 M 79,467
XTL SPDR S&P Telecom ETF 26.50 $98.5 M 29,890
IHE iShares U.S. Pharmaceuticals ETF 26.42 $1,215.6 M 54,567
AMLP Alerian MLP ETF 26.28 $9,231.2 M 3,969,273
XSD SPDR S&P Semiconductor ETF 26.28 $202.5 M 89,794
SIL Silver Miners ETF 26.19 $186.1 M 206,843
YMLI Yorkville High Income Infrastructure MLP ETF 26.13 $60.8 M 11,286
IEO iShares U.S. Oil & Gas Exploration & Production ETF 26.07 $489.0 M 118,168
VBK Small-Cap Growth ETF 26.05 $4,563.5 M 191,546
ARKG Genomic Revolution Multi-Sector ETF 25.85 $9.4 M 4,810
VOT Mid-Cap Growth ETF 25.84 $3,570.9 M 198,475
PJP Dynamic Pharmaceuticals 25.62 $2,007.8 M 225,933
PFI DWA Financial Momentum 25.54 $36.0 M 8,116
XLE Energy Select Sector SPDR 25.48 $13,453.1 M 14,394,546
ERX Daily Energy Bull 3X Shares 25.48 $474.6 M 1,760,405
PBW WilderHill Clean Energy Portfolio 25.43 $141.1 M 72,400
VDE Energy ETF 25.28 $4,258.5 M 355,314
FENY MSCI Energy Index ETF 25.20 $389.2 M 244,892
IGE iShares North American Natural Resources ETF 25.16 $2,231.0 M 370,019
XOP SPDR S&P Oil & Gas Explor & Product 25.13 $1,418.9 M 8,690,495
IYE iShares U.S. Energy ETF 24.95 $1,585.4 M 1,358,559
IHI iShares U.S. Medical Devices ETF 24.81 $775.0 M 51,394
ASHS db X-trackers Harvest CSI 500 China-A Shares Small Cap Fund 24.20 $72.3 M 74,468
MDYG SPDR S&P 400 Mid Cap Growth ETF 24.19 $242.5 M 8,844
IJK iShares S&P Mid-Cap 400 Growth ETF 24.18 $5,668.5 M 143,902
FXH Health Care AlphaDEX 24.14 $3,687.1 M 283,933
INCO India Consumer ETF 24.11 $73.2 M 63,903
IWO iShares Russell 2000 Growth ETF 23.86 $7,171.3 M 735,803
BBH Market Vectors Biotech ETF 23.72 $808.4 M 136,989
IVOG S&P Mid-Cap 400 Growth ETF 23.71 $388.2 M 16,527
VTWG Russell 2000 Growth ETF 23.51 $132.1 M 10,916
IPO Renaissance IPO ETF 23.51 $28.6 M 5,638
IRY SPDR S&P International Health Care Sector ETF 23.44 $85.2 M 14,319
SBIO Medical Breakthroughs ETF 23.42 $75.7 M 81,521
IXC iShares Global Energy ETF 23.35 $1,135.6 M 231,849
SLYG SPDR S&P 600 Small Cap Growth ETF 23.35 $538.1 M 19,349
IJT iShares S&P Small-Cap 600 Growth ETF 23.30 $3,365.2 M 165,117
PSL DWA Consumer Staples Momentum 23.23 $69.2 M 34,581
RFG S&P Midcap 400 Pure Growth 22.99 $742.9 M 18,167
PXSG RAFI Fundamental Pure Small Growth Portfolio 22.97 $33.5 M 2,216
EVX Market Vectors Environmental Services ETF 22.94 $16.0 M 448
RYH S&P Equal Weight Health Care ETF 22.90 $735.2 M 48,989
IYZ iShares U.S. Telecommunications ETF 22.90 $642.0 M 417,584
IGN iShares North American Tech-Multimedia Networking ETF 22.86 $150.5 M 13,016
FAD Multi Cap Growth AlphaDEX Fund 22.83 $76.9 M 5,251
AADR WCM/BNY Mellon Focused Growth ADR ETF 22.82 $16.2 M 1,516
VIOG S&P Small-Cap 600 Growth ETF 22.80 $78.1 M 3,400
RPG S&P 500 Pure Growth ETF 22.74 $2,194.8 M 146,092
PPH Market Vectors Pharmaceutical ETF 22.72 $376.4 M 86,754
RZG S&P Smallcap 600 Pure Growth 22.71 $155.7 M 20,148
JKE iShares Morningstar Large-Cap Value ETF 22.69 $747.3 M 16,532
IWP iShares Russell Mid-Cap Growth ETF 22.65 $6,378.6 M 348,997
XMLV S&P MidCap Low Volatility Portfolio 22.54 $96.5 M 17,670
LTL Ultra Telecommunications ProShares 22.52 $7.0 M 661
QQQE NASDAQ-100 Equal Weighted Index Shares 22.45 $80.9 M 16,622
FYC Small Cap Growth AlphaDEX Fund 22.40 $52.9 M 18,516
TOLZ DJ Brookfield Global Infrastructure ETF 22.39 $27.7 M 3,571
RTH Market Vectors Retail ETF 22.38 $356.2 M 65,956
FILL iShares MSCI Global Energy Producers ETF 22.38 $32.2 M 18,940
CSD Spin-Off ETF 22.36 $547.8 M 49,429
FHLC MSCI Health Care Index ETF 22.36 $667.9 M 194,757
IXJ iShares Global Healthcare ETF 22.26 $1,736.0 M 103,911
EMLP North American Energy Infrastructure Fund 22.24 $1,169.4 M 271,525
MLPA MLP ETF 22.24 $162.8 M 115,332
PZD Cleantech Portfolio 22.21 $78.7 M 2,700