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 38,215
FDN DJ Internet Index Fund 36.85 $1,753.0 M 330,342
PBW WilderHill Clean Energy Portfolio 33.63 $190.3 M 232,080
BBH Market Vectors Biotech ETF 30.23 $520.2 M 77,231
XBI SPDR S&P Biotech ETF 29.64 $1,162.4 M 464,720
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $129.7 M 95,591
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,435.9 M 120,182
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $130.3 M 3,171
PSJ Dynamic Software 28.37 $52.6 M 3,748
IBB Nasdaq Biotechnology 27.89 $5,309.9 M 1,174,126
XSW SPDR S&P Software & Services ETF 26.50 $30.8 M 2,651
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $204.8 M 2,972
PSCH S&P SmallCap Health Care Portfolio 26.11 $171.9 M 11,566
PBE Dynamic Biotech &Genome 25.61 $389.1 M 51,783
AMLP Alerian MLP ETF 25.38 $9,433.4 M 3,000,932
XSD SPDR S&P Semiconductor ETF 25.26 $188.4 M 113,392
PSCT S&P SmallCap Information Technology Portfolio 25.21 $237.0 M 24,820
XTL SPDR S&P Telecom ETF 25.05 $19.6 M 7,592
FYC Small Cap Growth AlphaDEX Fund 24.75 $34.6 M 8,338
LTL Ultra Telecommunications ProShares 24.58 $6.9 M 240
IYZ iShares U.S. Telecommunications ETF 24.58 $587.0 M 257,258
IGV iShares North American Tech-Software ETF 24.53 $976.9 M 132,688
PXQ Dynamic Networking 24.45 $27.8 M 5,322
RZG S&P Smallcap 600 Pure Growth 23.69 $102.1 M 8,669
EVX Market Vectors Environmental Services ETF 23.63 $20.0 M 486
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $12.5 M 6,000
VTWG Russell 2000 Growth ETF 23.34 $98.7 M 16,588
VIOG S&P Small-Cap 600 Growth ETF 23.09 $60.3 M 5,378
UKK Ultra Russell2000 Growth 23.06 $14.5 M 871
IWO iShares Russell 2000 Growth ETF 23.05 $5,849.5 M 1,036,629
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $387.4 M 9,369
XHE SPDR S&P Health Care Equipment ETF 23.01 $30.9 M 2,688
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,729.1 M 94,412
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $180.0 M 6,245
IJK iShares U.S. Consumer Goods ETF 22.08 $4,617.8 M 137,762
ECON EGShares Emerging Markets Consumer 22.03 $1,361.3 M 149,177
XME SPDR S&P Metals & Mining ETF 21.78 $565.4 M 1,244,742
PSCM S&P SmallCap Materials Portfolio 21.77 $61.2 M 8,985
PDP DWA Technical Leaders Portfolio 21.71 $1,283.3 M 143,495
URA Uranium ETF 21.68 $271.1 M 237,245
FNY Mid Cap Growth AlphaDEX Fund 21.46 $43.1 M 6,811
PZD Cleantech Portfolio 21.27 $83.6 M 5,942
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $283.8 M 9,114
GEX Market Vectors Global Alternative Energy ETF 21.00 $109.9 M 8,286
PSI Dynamic Semiconductors 20.86 $25.4 M 15,845
UKW Ultra Russell MidCap Growth 20.83 $16.3 M 584
PBD Global Clean Energy Portfolio 20.82 $91.3 M 65,255
IWP iShares Russell Mid-Cap Growth ETF 20.79 $5,038.3 M 223,994
FAD Multi Cap Growth AlphaDEX Fund 20.73 $70.3 M 8,712
EIRL iShares MSCI Ireland Capped ETF 20.69 $135.2 M 83,123
VIOO S&P Small-Cap 600 ETF 20.68 $158.1 M 7,825
SLY SPDR S&P 600 Small Cap ETF 20.67 $401.2 M 16,037
IJR Core S&P Small-Cap ETF 20.67 $13,306.1 M 623,251
SAA Ultra SmallCap600 20.66 $23.9 M 1,215
RBL SPDR S&P Russia ETF 20.47 $24.5 M 17,818
JKE iShares Morningstar Large-Cap Value ETF 20.43 $555.5 M 16,866
BRAQ Brazil Consumer ETF 20.40 $13.6 M 4,641
FIW ISE Water Index Fund 20.25 $195.3 M 31,257
RFG S&P Midcap 400 Pure Growth 20.23 $797.8 M 20,591
PWB Dynamic LargeCap Growth 20.14 $276.1 M 39,983
PSCE S&P SmallCap Energy Portfolio 20.13 $58.8 M 12,969
PJP Dynamic Pharmaceuticals 20.01 $1,194.7 M 117,128
ENY Canadian Energy Income ETF 19.99 $50.9 M 28,288
XPH SPDR S&P Pharmaceuticals ETF 19.92 $897.6 M 85,803
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $95.0 M 10,697
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $443.1 M 60,043
FPX IPOX-100 Index Fund 19.79 $503.3 M 55,755
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $245.3 M 42,422
PHO Water Resource Portfolio 19.69 $968.7 M 87,994
IJH Core S&P Mid-Cap ETF 19.60 $21,744.0 M 1,542,049
MVV Ultra MidCap400 19.60 $169.2 M 748,977
VBK Small-Cap Growth ETF 19.46 $3,773.9 M 107,746
JKJ iShares Morningstar Small-Cap ETF 19.46 $216.5 M 3,682
IHI iShares U.S. Medical Devices ETF 19.41 $762.1 M 61,126
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $27.7 M 6,889
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $109.4 M 7,280
IWM iShares Russell 2000 ETF 19.31 $23,492.5 M 38,389,121
UWM Ultra Russell2000 19.30 $177.4 M 813,415
VHT Health Care ETF 19.19 $3,202.2 M 157,405
RYH S&P Equal Weight Health Care ETF 19.18 $306.6 M 29,343
CSD Spin-Off ETF 19.17 $604.6 M 107,849
PUI DWA Utilities Momentum 19.16 $42.9 M 6,345
IVOO S&P Mid-Cap 400 ETF 19.14 $336.8 M 11,165
XLY Consumer Discretionary Select Sector SPDR 19.12 $6,659.3 M 5,363,346
XRT SPDR S&P Retail ETF 19.11 $736.3 M 2,028,331
FTC Large Cap Growth AlphaDEX Fund 19.11 $373.0 M 55,735
CNDA IQ Canada Small Cap ETF 19.11 $22.7 M 9,114
VTWO Russell 2000 ETF 19.11 $370.9 M 40,665
SCHA U.S. Small-Cap ETF 19.09 $2,076.7 M 174,060
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $109.2 M 5,345