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 $322.6 M 36,411
FDN DJ Internet Index Fund 36.85 $1,694.2 M 404,836
PBW WilderHill Clean Energy Portfolio 33.63 $183.2 M 426,484
BBH Market Vectors Biotech ETF 30.23 $497.0 M 80,633
XBI SPDR S&P Biotech ETF 29.64 $1,100.5 M 543,428
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $123.8 M 117,303
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,331.8 M 129,283
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $128.9 M 4,063
PSJ Dynamic Software 28.37 $52.6 M 8,122
IBB Nasdaq Biotechnology 27.89 $5,191.0 M 1,256,586
XSW SPDR S&P Software & Services ETF 26.50 $30.3 M 3,161
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $199.8 M 3,662
PSCH S&P SmallCap Health Care Portfolio 26.11 $171.9 M 13,264
PBE Dynamic Biotech &Genome 25.61 $377.3 M 52,019
AMLP Alerian MLP ETF 25.38 $9,223.4 M 2,933,505
XSD SPDR S&P Semiconductor ETF 25.26 $167.3 M 137,827
PSCT S&P SmallCap Information Technology Portfolio 25.21 $237.0 M 24,853
XTL SPDR S&P Telecom ETF 25.05 $25.4 M 5,509
FYC Small Cap Growth AlphaDEX Fund 24.75 $34.7 M 8,794
LTL Ultra Telecommunications ProShares 24.58 $7.6 M 254
IYZ iShares U.S. Telecommunications ETF 24.58 $589.4 M 235,823
IGV iShares North American Tech-Software ETF 24.53 $986.9 M 164,833
PXQ Dynamic Networking 24.45 $27.4 M 5,772
RZG S&P Smallcap 600 Pure Growth 23.69 $101.9 M 10,245
EVX Market Vectors Environmental Services ETF 23.63 $20.0 M 474
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $12.5 M 5,476
VTWG Russell 2000 Growth ETF 23.34 $115.2 M 16,650
VIOG S&P Small-Cap 600 Growth ETF 23.09 $59.8 M 4,559
UKK Ultra Russell2000 Growth 23.06 $13.9 M 887
IWO iShares Russell 2000 Growth ETF 23.05 $5,496.7 M 1,197,627
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $384.3 M 9,777
XHE SPDR S&P Health Care Equipment ETF 23.01 $31.2 M 2,138
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,689.8 M 111,608
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $170.9 M 6,563
IJK iShares U.S. Consumer Goods ETF 22.08 $4,552.7 M 148,703
ECON EGShares Emerging Markets Consumer 22.03 $1,357.6 M 160,700
XME SPDR S&P Metals & Mining ETF 21.78 $525.8 M 1,211,728
PSCM S&P SmallCap Materials Portfolio 21.77 $61.2 M 9,702
PDP DWA Technical Leaders Portfolio 21.71 $1,279.8 M 159,586
URA Uranium ETF 21.68 $265.3 M 246,028
FNY Mid Cap Growth AlphaDEX Fund 21.46 $42.2 M 5,539
PZD Cleantech Portfolio 21.27 $83.4 M 6,222
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $278.4 M 8,752
GEX Market Vectors Global Alternative Energy ETF 21.00 $104.6 M 10,133
PSI Dynamic Semiconductors 20.86 $24.0 M 16,055
UKW Ultra Russell MidCap Growth 20.83 $15.7 M 624
PBD Global Clean Energy Portfolio 20.82 $104.6 M 53,820
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,808.6 M 211,569
FAD Multi Cap Growth AlphaDEX Fund 20.73 $62.4 M 7,092
EIRL iShares MSCI Ireland Capped ETF 20.69 $169.7 M 68,056
VIOO S&P Small-Cap 600 ETF 20.68 $151.4 M 12,891
SLY SPDR S&P 600 Small Cap ETF 20.67 $416.8 M 12,895
IJR Core S&P Small-Cap ETF 20.67 $13,220.6 M 669,763
SAA Ultra SmallCap600 20.66 $23.2 M 1,209
RBL SPDR S&P Russia ETF 20.47 $23.5 M 20,072
JKE iShares Morningstar Large-Cap Value ETF 20.43 $537.9 M 15,809
BRAQ Brazil Consumer ETF 20.40 $14.3 M 4,505
FIW ISE Water Index Fund 20.25 $191.7 M 29,250
RFG S&P Midcap 400 Pure Growth 20.23 $795.0 M 20,913
PWB Dynamic LargeCap Growth 20.14 $274.1 M 44,936
PSCE S&P SmallCap Energy Portfolio 20.13 $58.8 M 9,102
PJP Dynamic Pharmaceuticals 20.01 $1,156.7 M 123,514
ENY Canadian Energy Income ETF 19.99 $53.8 M 25,831
XPH SPDR S&P Pharmaceuticals ETF 19.92 $867.0 M 81,948
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $92.5 M 10,830
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $428.0 M 61,052
FPX IPOX-100 Index Fund 19.79 $483.7 M 57,381
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $238.0 M 41,256
PHO Water Resource Portfolio 19.69 $957.8 M 89,088
IJH Core S&P Mid-Cap ETF 19.60 $22,729.6 M 1,277,634
MVV Ultra MidCap400 19.60 $720.2 M 606,659
VBK Small-Cap Growth ETF 19.46 $3,717.6 M 120,887
JKJ iShares Morningstar Small-Cap ETF 19.46 $212.2 M 3,922
IHI iShares U.S. Medical Devices ETF 19.41 $696.7 M 69,669
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $27.7 M 6,909
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $109.4 M 8,089
IWM iShares Russell 2000 ETF 19.31 $23,740.5 M 43,138,859
UWM Ultra Russell2000 19.30 $702.9 M 1,094,019
VHT Health Care ETF 19.19 $3,135.8 M 152,225
RYH S&P Equal Weight Health Care ETF 19.18 $227.0 M 19,055
CSD Spin-Off ETF 19.17 $637.4 M 108,578
PUI DWA Utilities Momentum 19.16 $43.1 M 6,423
IVOO S&P Mid-Cap 400 ETF 19.14 $329.7 M 11,339
XLY Consumer Discretionary Select Sector SPDR 19.12 $5,162.6 M 4,950,508
XRT SPDR S&P Retail ETF 19.11 $534.7 M 2,079,973
FTC Large Cap Growth AlphaDEX Fund 19.11 $310.6 M 31,334
CNDA IQ Canada Small Cap ETF 19.11 $23.0 M 9,460
VTWO Russell 2000 ETF 19.11 $363.3 M 40,909
SCHA U.S. Small-Cap ETF 19.09 $2,059.7 M 195,939
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $109.2 M 5,859