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 44,935
FDN DJ Internet Index Fund 36.85 $2,413.7 M 358,627
PBW WilderHill Clean Energy Portfolio 33.63 $139.2 M 162,766
BBH Market Vectors Biotech ETF 30.23 $740.6 M 161,782
XBI SPDR S&P Biotech ETF 29.64 $2,032.8 M 662,869
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $83.3 M 39,729
FBT NYSE Arca Biotechnology Index Fund 28.97 $2,876.2 M 214,998
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $121.0 M 3,184
PSJ Dynamic Software 28.37 $52.6 M 5,971
IBB Nasdaq Biotechnology 27.89 $7,253.2 M 1,445,837
XSW SPDR S&P Software & Services ETF 26.50 $29.9 M 1,460
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $223.4 M 3,606
PSCH S&P SmallCap Health Care Portfolio 26.11 $164.2 M 11,673
PBE Dynamic Biotech &Genome 25.61 $523.2 M 73,677
AMLP Alerian MLP ETF 25.38 $9,112.6 M 5,979,063
XSD SPDR S&P Semiconductor ETF 25.26 $213.2 M 101,189
PSCT S&P SmallCap Information Technology Portfolio 25.21 $245.0 M 23,084
XTL SPDR S&P Telecom ETF 25.05 $30.0 M 11,077
FYC Small Cap Growth AlphaDEX Fund 24.75 $40.2 M 29,847
LTL Ultra Telecommunications ProShares 24.58 $7.3 M 6,225
IYZ iShares U.S. Telecommunications ETF 24.58 $515.9 M 282,403
IGV iShares North American Tech-Software ETF 24.53 $1,262.5 M 61,437
PXQ Dynamic Networking 24.45 $27.5 M 2,795
RZG S&P Smallcap 600 Pure Growth 23.69 $112.0 M 11,156
EVX Market Vectors Environmental Services ETF 23.63 $16.1 M 463
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $16.6 M 1,700
VTWG Russell 2000 Growth ETF 23.34 $112.7 M 9,121
VIOG S&P Small-Cap 600 Growth ETF 23.09 $76.7 M 5,434
IWO iShares Russell 2000 Growth ETF 23.05 $7,263.3 M 1,004,639
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $445.8 M 11,494
XHE SPDR S&P Health Care Equipment ETF 23.01 $42.0 M 2,061
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $3,222.2 M 158,565
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $218.1 M 9,803
IJK iShares S&P Mid-Cap 400 Growth ETF 22.08 $5,223.7 M 166,519
ECON EGShares Emerging Markets Consumer 22.03 $1,156.2 M 300,969
XME SPDR S&P Metals & Mining ETF 21.78 $409.0 M 2,006,763
PSCM S&P SmallCap Materials Portfolio 21.77 $22.0 M 5,094
PDP DWA Technical Leaders Portfolio 21.71 $1,820.2 M 235,461
URA Uranium ETF 21.68 $209.4 M 207,074
FNY Mid Cap Growth AlphaDEX Fund 21.46 $82.4 M 33,744
PZD Cleantech Portfolio 21.27 $76.5 M 5,548
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $347.1 M 12,190
GEX Market Vectors Global Alternative Energy ETF 21.00 $90.0 M 7,984
PSI Dynamic Semiconductors 20.86 $52.3 M 39,542
PBD Global Clean Energy Portfolio 20.82 $66.0 M 37,668
IWP iShares Russell Mid-Cap Growth ETF 20.79 $6,239.8 M 380,369
FAD Multi Cap Growth AlphaDEX Fund 20.73 $75.8 M 8,142
EIRL iShares MSCI Ireland Capped ETF 20.69 $85.0 M 33,779
VIOO S&P Small-Cap 600 ETF 20.68 $199.6 M 17,082
IJR Core S&P Small-Cap ETF 20.67 $15,892.8 M 1,268,752
SLY SPDR S&P 600 Small Cap ETF 20.67 $391.0 M 16,210
SAA Ultra SmallCap600 20.66 $26.8 M 1,321
RBL SPDR S&P Russia ETF 20.47 $30.8 M 46,089
JKE iShares Morningstar Large-Cap Value ETF 20.43 $727.9 M 21,302
BRAQ Brazil Consumer ETF 20.40 $7.1 M 3,144
FIW ISE Water Index Fund 20.25 $198.0 M 28,510
RFG S&P Midcap 400 Pure Growth 20.23 $705.1 M 25,165
PWB Dynamic LargeCap Growth 20.14 $309.3 M 26,613
PSCE S&P SmallCap Energy Portfolio 20.13 $28.6 M 41,474
PJP Dynamic Pharmaceuticals 20.01 $1,818.2 M 178,897
ENY Canadian Energy Income ETF 19.99 $43.4 M 70,094
XPH SPDR S&P Pharmaceuticals ETF 19.92 $1,102.1 M 96,661
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $119.8 M 20,431
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $583.8 M 114,700
FPX IPOX-100 Index Fund 19.79 $585.8 M 64,827
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $367.5 M 80,505
PHO Water Resource Portfolio 19.69 $899.4 M 107,206
MVV Ultra MidCap400 19.60 $214.2 M 187,032
IJH Core S&P Mid-Cap ETF 19.60 $25,844.0 M 1,305,663
VBK Small-Cap Growth ETF 19.46 $4,297.6 M 131,845
JKJ iShares Morningstar Small-Cap ETF 19.46 $227.7 M 5,711
IHI iShares U.S. Medical Devices ETF 19.41 $717.5 M 124,282
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $37.4 M 11,316
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $92.8 M 15,544
IWM iShares Russell 2000 ETF 19.31 $28,515.7 M 34,475,676
UWM Ultra Russell2000 19.30 $307.7 M 338,605
VHT Health Care ETF 19.19 $4,918.3 M 320,526
RYH S&P Equal Weight Health Care ETF 19.18 $516.3 M 53,240
CSD Spin-Off ETF 19.17 $521.7 M 60,950
PUI DWA Utilities Momentum 19.16 $40.5 M 11,568
IVOO S&P Mid-Cap 400 ETF 19.14 $381.9 M 20,498
XLY Consumer Discretionary Select Sector SPDR 19.12 $8,775.9 M 7,465,229
VTWO Russell 2000 ETF 19.11 $472.2 M 67,760
CNDA IQ Canada Small Cap ETF 19.11 $9.9 M 4,184
FTC Large Cap Growth AlphaDEX Fund 19.11 $534.9 M 80,647
XRT SPDR S&P Retail ETF 19.11 $1,173.0 M 2,478,576
SCHA U.S. Small-Cap ETF 19.09 $2,618.8 M 259,544
PSCF S&P SmallCap Financials Portfolio 19.05 $114.0 M 8,113