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 $326.3 M 102,127
FDN DJ Internet Index Fund 36.85 $1,935.2 M 669,303
PBW WilderHill Clean Energy Portfolio 33.63 $229.5 M 419,665
BBH Market Vectors Biotech ETF 30.23 $492.1 M 246,868
XBI SPDR S&P Biotech ETF 29.64 $1,149.5 M 767,081
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $186.9 M 165,965
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,079.7 M 234,717
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $133.7 M 5,481
PSJ Dynamic Software 28.37 $58.2 M 11,041
IBB Nasdaq Biotechnology 27.89 $4,794.8 M 2,520,933
XSW SPDR S&P Software & Services ETF 26.50 $33.6 M 6,376
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $200.3 M 6,506
PSCH S&P SmallCap Health Care Portfolio 26.11 $165.0 M 36,538
PBE Dynamic Biotech &Genome 25.61 $356.9 M 187,854
AMLP Alerian MLP ETF 25.38 $8,245.8 M 3,232,722
XSD SPDR S&P Semiconductor ETF 25.26 $146.2 M 48,370
PSCT S&P SmallCap Information Technology Portfolio 25.21 $244.9 M 34,016
XTL SPDR S&P Telecom ETF 25.05 $19.6 M 7,143
FYC Small Cap Growth AlphaDEX Fund 24.75 $34.9 M 12,217
LTL Ultra Telecommunications ProShares 24.58 $6.6 M 845
IYZ iShares U.S. Telecommunications ETF 24.58 $609.2 M 356,576
IGV iShares North American Tech-Software ETF 24.53 $1,152.0 M 167,097
PXQ Dynamic Networking 24.45 $30.3 M 6,230
RZG S&P Smallcap 600 Pure Growth 23.69 $112.6 M 14,879
EVX Market Vectors Environmental Services ETF 23.63 $19.7 M 1,463
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $12.3 M 2,884
VTWG Russell 2000 Growth ETF 23.34 $114.5 M 30,254
VIOG S&P Small-Cap 600 Growth ETF 23.09 $59.9 M 6,956
UKK Ultra Russell2000 Growth 23.06 $13.7 M 1,997
IWO iShares Russell 2000 Growth ETF 23.05 $5,854.6 M 1,622,700
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $385.7 M 13,557
XHE SPDR S&P Health Care Equipment ETF 23.01 $30.2 M 2,394
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,793.0 M 154,824
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $166.5 M 10,586
IJK iShares U.S. Consumer Goods ETF 22.08 $4,510.1 M 165,017
ECON EGShares Emerging Markets Consumer 22.03 $1,270.9 M 421,724
XME SPDR S&P Metals & Mining ETF 21.78 $615.6 M 1,856,646
PSCM S&P SmallCap Materials Portfolio 21.77 $58.3 M 22,887
PDP DWA Technical Leaders Portfolio 21.71 $1,261.6 M 300,151
URA Uranium ETF 21.68 $242.6 M 296,494
FNY Mid Cap Growth AlphaDEX Fund 21.46 $41.1 M 13,443
PZD Cleantech Portfolio 21.27 $84.9 M 8,662
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $261.5 M 16,370
GEX Market Vectors Global Alternative Energy ETF 21.00 $107.2 M 14,344
PSI Dynamic Semiconductors 20.86 $20.5 M 9,119
UKW Ultra Russell MidCap Growth 20.83 $14.5 M 847
PBD Global Clean Energy Portfolio 20.82 $95.3 M 60,330
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,658.7 M 365,335
FAD Multi Cap Growth AlphaDEX Fund 20.73 $60.3 M 8,610
EIRL iShares MSCI Ireland Capped ETF 20.69 $174.5 M 56,863
VIOO S&P Small-Cap 600 ETF 20.68 $156.2 M 17,310
SLY SPDR S&P 600 Small Cap ETF 20.67 $427.9 M 22,314
IJR Core S&P Small-Cap ETF 20.67 $13,752.5 M 1,073,616
SAA Ultra SmallCap600 20.66 $23.3 M 2,751
RBL SPDR S&P Russia ETF 20.47 $20.2 M 54,500
JKE iShares Morningstar Large-Cap Value ETF 20.43 $518.4 M 23,459
BRAQ Brazil Consumer ETF 20.40 $15.1 M 4,616
FIW ISE Water Index Fund 20.25 $196.2 M 40,670
RFG S&P Midcap 400 Pure Growth 20.23 $816.6 M 34,386
PWB Dynamic LargeCap Growth 20.14 $294.5 M 52,960
PSCE S&P SmallCap Energy Portfolio 20.13 $55.2 M 10,873
PJP Dynamic Pharmaceuticals 20.01 $1,083.6 M 331,263
ENY Canadian Energy Income ETF 19.99 $46.1 M 12,100
XPH SPDR S&P Pharmaceuticals ETF 19.92 $822.0 M 145,883
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $91.9 M 21,978
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $385.5 M 265,703
FPX IPOX-100 Index Fund 19.79 $480.0 M 168,170
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $221.9 M 56,765
PHO Water Resource Portfolio 19.69 $1,011.5 M 112,175
IJH Core S&P Mid-Cap ETF 19.60 $20,305.5 M 1,350,021
MVV Ultra MidCap400 19.60 $158.7 M 757,186
VBK Small-Cap Growth ETF 19.46 $3,775.4 M 193,441
JKJ iShares Morningstar Small-Cap ETF 19.46 $215.9 M 4,403
IHI iShares U.S. Medical Devices ETF 19.41 $724.1 M 105,222
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $35.2 M 16,147
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $111.4 M 15,373
IWM iShares Russell 2000 ETF 19.31 $25,961.8 M 49,361,863
UWM Ultra Russell2000 19.30 $1,716.5 M 712,276
VHT Health Care ETF 19.19 $2,909.8 M 368,175
RYH S&P Equal Weight Health Care ETF 19.18 $190.1 M 35,494
CSD Spin-Off ETF 19.17 $737.2 M 189,349
PUI DWA Utilities Momentum 19.16 $40.8 M 6,394
IVOO S&P Mid-Cap 400 ETF 19.14 $314.4 M 25,276
XLY Consumer Discretionary Select Sector SPDR 19.12 $5,284.8 M 6,747,051
XRT SPDR S&P Retail ETF 19.11 $912.1 M 3,500,587
FTC Large Cap Growth AlphaDEX Fund 19.11 $272.5 M 56,657
CNDA IQ Canada Small Cap ETF 19.11 $16.4 M 1,360
VTWO Russell 2000 ETF 19.11 $371.9 M 58,500
SCHA U.S. Small-Cap ETF 19.09 $2,036.3 M 327,721
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $108.9 M 8,729