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 $314.2 M 38,739
FDN DJ Internet Index Fund 36.85 $1,786.3 M 301,117
PBW WilderHill Clean Energy Portfolio 33.63 $160.9 M 180,305
BBH Market Vectors Biotech ETF 30.23 $623.3 M 99,085
XBI SPDR S&P Biotech ETF 29.64 $1,373.3 M 389,264
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $110.1 M 90,370
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,747.6 M 159,914
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $123.1 M 3,395
PSJ Dynamic Software 28.37 $49.0 M 2,818
IBB Nasdaq Biotechnology 27.89 $6,216.2 M 1,280,465
XSW SPDR S&P Software & Services ETF 26.50 $26.6 M 2,212
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $202.4 M 3,879
PSCH S&P SmallCap Health Care Portfolio 26.11 $150.9 M 11,882
PBE Dynamic Biotech &Genome 25.61 $421.6 M 51,042
AMLP Alerian MLP ETF 25.38 $9,490.0 M 4,125,703
XSD SPDR S&P Semiconductor ETF 25.26 $143.4 M 90,014
PSCT S&P SmallCap Information Technology Portfolio 25.21 $214.6 M 22,735
XTL SPDR S&P Telecom ETF 25.05 $19.4 M 9,627
FYC Small Cap Growth AlphaDEX Fund 24.75 $38.4 M 17,342
LTL Ultra Telecommunications ProShares 24.58 $2.3 M 236
IYZ iShares U.S. Telecommunications ETF 24.58 $584.9 M 237,388
IGV iShares North American Tech-Software ETF 24.53 $1,096.3 M 122,683
PXQ Dynamic Networking 24.45 $27.5 M 2,535
RZG S&P Smallcap 600 Pure Growth 23.69 $101.5 M 7,330
EVX Market Vectors Environmental Services ETF 23.63 $19.5 M 940
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $13.9 M 3,497
VTWG Russell 2000 Growth ETF 23.34 $108.0 M 10,258
VIOG S&P Small-Cap 600 Growth ETF 23.09 $60.4 M 6,324
UKK Ultra Russell2000 Growth 23.06 $14.1 M 931
IWO iShares Russell 2000 Growth ETF 23.05 $6,086.9 M 1,179,523
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $387.6 M 8,118
XHE SPDR S&P Health Care Equipment ETF 23.01 $36.5 M 3,392
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,677.8 M 112,680
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $177.5 M 6,967
IJK iShares U.S. Consumer Goods ETF 22.08 $4,529.4 M 127,291
ECON EGShares Emerging Markets Consumer 22.03 $1,281.7 M 166,582
XME SPDR S&P Metals & Mining ETF 21.78 $408.9 M 2,167,157
PSCM S&P SmallCap Materials Portfolio 21.77 $58.4 M 13,956
PDP DWA Technical Leaders Portfolio 21.71 $1,400.1 M 239,158
URA Uranium ETF 21.68 $217.4 M 244,771
FNY Mid Cap Growth AlphaDEX Fund 21.46 $51.7 M 21,573
PZD Cleantech Portfolio 21.27 $73.1 M 7,458
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $289.9 M 9,394
GEX Market Vectors Global Alternative Energy ETF 21.00 $90.3 M 14,038
PSI Dynamic Semiconductors 20.86 $29.1 M 21,952
UKW Ultra Russell MidCap Growth 20.83 $10.7 M 369
PBD Global Clean Energy Portfolio 20.82 $75.3 M 68,482
IWP iShares Russell Mid-Cap Growth ETF 20.79 $5,046.4 M 283,456
FAD Multi Cap Growth AlphaDEX Fund 20.73 $69.2 M 11,542
EIRL iShares MSCI Ireland Capped ETF 20.69 $106.1 M 61,423
VIOO S&P Small-Cap 600 ETF 20.68 $158.0 M 8,876
SLY SPDR S&P 600 Small Cap ETF 20.67 $327.9 M 25,883
IJR Core S&P Small-Cap ETF 20.67 $13,529.9 M 776,991
SAA Ultra SmallCap600 20.66 $23.5 M 1,242
RBL SPDR S&P Russia ETF 20.47 $24.2 M 10,800
JKE iShares Morningstar Large-Cap Value ETF 20.43 $601.8 M 22,341
BRAQ Brazil Consumer ETF 20.40 $9.4 M 10,806
FIW ISE Water Index Fund 20.25 $192.0 M 32,505
RFG S&P Midcap 400 Pure Growth 20.23 $736.4 M 30,624
PWB Dynamic LargeCap Growth 20.14 $276.3 M 33,305
PSCE S&P SmallCap Energy Portfolio 20.13 $34.5 M 13,967
PJP Dynamic Pharmaceuticals 20.01 $1,419.8 M 157,456
ENY Canadian Energy Income ETF 19.99 $37.2 M 24,203
XPH SPDR S&P Pharmaceuticals ETF 19.92 $1,024.5 M 69,171
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $98.6 M 16,242
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $462.4 M 100,888
FPX IPOX-100 Index Fund 19.79 $509.1 M 97,071
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $292.9 M 71,559
PHO Water Resource Portfolio 19.69 $946.4 M 99,406
IJH Core S&P Mid-Cap ETF 19.60 $21,532.6 M 1,716,146
MVV Ultra MidCap400 19.60 $178.7 M 720,230
VBK Small-Cap Growth ETF 19.46 $3,791.5 M 122,289
JKJ iShares Morningstar Small-Cap ETF 19.46 $206.5 M 4,218
IHI iShares U.S. Medical Devices ETF 19.41 $751.1 M 69,309
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $17.8 M 9,752
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $103.8 M 14,935
IWM iShares Russell 2000 ETF 19.31 $25,334.8 M 44,281,816
UWM Ultra Russell2000 19.30 $200.7 M 642,520
VHT Health Care ETF 19.19 $3,681.9 M 279,238
RYH S&P Equal Weight Health Care ETF 19.18 $376.9 M 44,468
CSD Spin-Off ETF 19.17 $567.1 M 74,259
PUI DWA Utilities Momentum 19.16 $41.4 M 7,079
IVOO S&P Mid-Cap 400 ETF 19.14 $345.5 M 17,398
XLY Consumer Discretionary Select Sector SPDR 19.12 $6,120.7 M 6,365,577
XRT SPDR S&P Retail ETF 19.11 $804.1 M 2,125,523
FTC Large Cap Growth AlphaDEX Fund 19.11 $426.1 M 96,524
CNDA IQ Canada Small Cap ETF 19.11 $14.7 M 6,392
VTWO Russell 2000 ETF 19.11 $422.9 M 64,985
SCHA U.S. Small-Cap ETF 19.09 $2,097.9 M 221,588
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $104.4 M 6,530