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
GLDX Gold Explorers ETF 95.70 $31.2 M 17,249
FRAK Market Vectors Unconventional Oil & Gas ETF 58.62 $76.2 M 29,595
FCG ISE-Revere Natural Gas Index Fund 52.74 $267.8 M 904,575
FDN DJ Internet Index Fund 38.80 $2,803.6 M 335,097
ENY Canadian Energy Income ETF 38.31 $48.1 M 39,478
ARKK Ark Innovation ETF 38.28 $7.7 M 1,898
ARKW Web X.0 ETF 37.16 $11.5 M 2,141
SGDM Gold Miners ETF 36.07 $182.1 M 198,386
CNXT Market Vectors ChinaAMC SME-ChiNext ETF 33.70 $59.9 M 58,716
RWG Select Large Cap Growth ETF 33.11 $9.7 M 1,330
PTF DWA Technology Momentum 32.04 $66.3 M 19,765
REET Global REIT ETF 31.73 $23.8 M 9,081
XHE SPDR S&P Health Care Equipment ETF 31.40 $47.9 M 2,141
HACK ISE Cyber Security ETF 31.39 $630.7 M 507,417
PSJ Dynamic Software 30.88 $56.5 M 9,024
JKK iShares Morningstar Small-Cap Growth ETF 30.66 $123.4 M 2,048
XBI SPDR S&P Biotech ETF 29.86 $2,175.5 M 830,005
IGV iShares North American Tech-Software ETF 29.74 $1,220.0 M 109,017
AMZA InfraCap MLP ETF 28.72 $10.0 M 6,083
XPH SPDR S&P Pharmaceuticals ETF 28.51 $1,247.6 M 122,468
JKH iShares Morningstar Mid-Cap Growth ETF 28.24 $237.2 M 5,870
DXJH Japan Hedged Health Care Fund 28.07 $4.7 M 4,671
SKYY ISE Cloud Computing Index Fund 27.47 $456.9 M 71,649
GDX Market Vectors TR Gold Miners 27.30 $6,752.0 M 43,033,348
XSW SPDR S&P Software & Services ETF 27.20 $35.8 M 2,827
NUGT Daily Gold Miners Bull 3x Shares 27.13 $793.1 M 19,834,750
PXQ Dynamic Networking 27.08 $28.3 M 2,511
ENFR Alerian Energy Infrastructure ETF 27.02 $21.3 M 5,838
ARKQ Industrial Innovation ETF 26.85 $10.3 M 3,041
PTH DWA Healthcare Momentum 26.81 $194.8 M 27,117
IBB Nasdaq Biotechnology 26.64 $8,786.6 M 1,741,730
MLPX Global X MLP & Energy Infrastructure ETF 26.59 $188.9 M 53,984
XTL SPDR S&P Telecom ETF 26.50 $102.9 M 31,467
IHE iShares U.S. Pharmaceuticals ETF 26.42 $1,244.6 M 63,002
AMLP Alerian MLP ETF 26.28 $9,139.7 M 4,207,749
XSD SPDR S&P Semiconductor ETF 26.28 $170.4 M 86,602
SIL Silver Miners ETF 26.19 $173.3 M 181,768
YMLI Yorkville High Income Infrastructure MLP ETF 26.13 $62.0 M 15,295
IEO iShares U.S. Oil & Gas Exploration & Production ETF 26.07 $538.7 M 138,395
VBK Small-Cap Growth ETF 26.05 $4,709.8 M 160,659
ARKG Genomic Revolution Multi-Sector ETF 25.85 $8.5 M 5,324
VOT Mid-Cap Growth ETF 25.84 $3,553.3 M 197,306
PJP Dynamic Pharmaceuticals 25.62 $2,058.2 M 235,590
PFI DWA Financial Momentum 25.54 $39.5 M 10,124
XLE Energy Select Sector SPDR 25.48 $14,650.5 M 19,518,707
ERX Daily Energy Bull 3X Shares 25.48 $472.9 M 2,563,408
PBW WilderHill Clean Energy Portfolio 25.43 $147.0 M 102,844
VDE Energy ETF 25.28 $4,413.2 M 464,464
FENY MSCI Energy Index ETF 25.20 $378.0 M 238,662
IGE iShares North American Natural Resources ETF 25.16 $2,289.1 M 497,402
XOP SPDR S&P Oil & Gas Explor & Product 25.13 $1,608.8 M 10,908,470
IYE iShares U.S. Energy ETF 24.95 $2,223.0 M 1,311,162
IHI iShares U.S. Medical Devices ETF 24.81 $800.2 M 96,225
ASHS db X-trackers Harvest CSI 500 China-A Shares Small Cap Fund 24.20 $61.0 M 53,943
MDYG SPDR S&P 400 Mid Cap Growth ETF 24.19 $241.8 M 11,716
IJK iShares S&P Mid-Cap 400 Growth ETF 24.18 $5,618.0 M 173,730
FXH Health Care AlphaDEX 24.14 $3,674.0 M 326,813
INCO India Consumer ETF 24.11 $84.1 M 74,208
IWO iShares Russell 2000 Growth ETF 23.86 $7,373.6 M 687,464
BBH Market Vectors Biotech ETF 23.72 $818.3 M 155,011
IVOG S&P Mid-Cap 400 Growth ETF 23.71 $381.8 M 17,578
VTWG Russell 2000 Growth ETF 23.51 $135.4 M 11,862
IPO Renaissance IPO ETF 23.51 $28.9 M 6,489
IRY SPDR S&P International Health Care Sector ETF 23.44 $83.5 M 13,606
SBIO Medical Breakthroughs ETF 23.42 $63.1 M 69,905
IXC iShares Global Energy ETF 23.35 $1,215.0 M 275,054
SLYG SPDR S&P 600 Small Cap Growth ETF 23.35 $533.0 M 19,557
IJT iShares S&P Small-Cap 600 Growth ETF 23.30 $3,491.5 M 158,465
PSL DWA Consumer Staples Momentum 23.23 $98.8 M 19,184
RFG S&P Midcap 400 Pure Growth 22.99 $738.5 M 19,498
PXSG RAFI Fundamental Pure Small Growth Portfolio 22.97 $33.7 M 2,783
EVX Market Vectors Environmental Services ETF 22.94 $16.2 M 529
RYH S&P Equal Weight Health Care ETF 22.90 $701.6 M 45,540
IYZ iShares U.S. Telecommunications ETF 22.90 $730.6 M 397,770
IGN iShares North American Tech-Multimedia Networking ETF 22.86 $150.0 M 60,275
FAD Multi Cap Growth AlphaDEX Fund 22.83 $77.0 M 7,429
AADR WCM/BNY Mellon Focused Growth ADR ETF 22.82 $17.4 M 1,792
VIOG S&P Small-Cap 600 Growth ETF 22.80 $78.8 M 4,260
RPG S&P 500 Pure Growth ETF 22.74 $2,193.1 M 170,360
PPH Market Vectors Pharmaceutical ETF 22.72 $387.3 M 78,124
RZG S&P Smallcap 600 Pure Growth 22.71 $139.3 M 16,198
JKE iShares Morningstar Large-Cap Value ETF 22.69 $748.0 M 22,273
IWP iShares Russell Mid-Cap Growth ETF 22.65 $6,500.0 M 350,329
XMLV S&P MidCap Low Volatility Portfolio 22.54 $94.9 M 28,616
LTL Ultra Telecommunications ProShares 22.52 $7.7 M 1,069
QQQE NASDAQ-100 Equal Weighted Index Shares 22.45 $77.5 M 19,733
FYC Small Cap Growth AlphaDEX Fund 22.40 $50.5 M 17,952
TOLZ DJ Brookfield Global Infrastructure ETF 22.39 $27.1 M 3,525
RTH Market Vectors Retail ETF 22.38 $352.0 M 104,513
FILL iShares MSCI Global Energy Producers ETF 22.38 $33.7 M 21,762
CSD Spin-Off ETF 22.36 $550.1 M 52,752
FHLC MSCI Health Care Index ETF 22.36 $599.3 M 179,098
IXJ iShares Global Healthcare ETF 22.26 $1,690.9 M 128,744
EMLP North American Energy Infrastructure Fund 22.24 $1,183.8 M 356,614
MLPA MLP ETF 22.24 $179.6 M 127,532
PZD Cleantech Portfolio 22.21 $77.1 M 4,113