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 $313.0 M 39,034
FDN DJ Internet Index Fund 36.85 $1,766.1 M 289,123
PBW WilderHill Clean Energy Portfolio 33.63 $177.7 M 194,834
BBH Market Vectors Biotech ETF 30.23 $545.0 M 81,260
XBI SPDR S&P Biotech ETF 29.64 $1,231.1 M 376,458
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $123.5 M 68,498
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,569.8 M 116,565
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $121.5 M 2,414
PSJ Dynamic Software 28.37 $48.2 M 2,566
IBB Nasdaq Biotechnology 27.89 $5,472.8 M 1,141,555
XSW SPDR S&P Software & Services ETF 26.50 $25.9 M 2,218
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $200.9 M 2,518
PSCH S&P SmallCap Health Care Portfolio 26.11 $152.8 M 10,112
PBE Dynamic Biotech &Genome 25.61 $401.3 M 48,052
AMLP Alerian MLP ETF 25.38 $9,555.4 M 2,880,595
XSD SPDR S&P Semiconductor ETF 25.26 $178.9 M 86,362
PSCT S&P SmallCap Information Technology Portfolio 25.21 $217.2 M 25,432
XTL SPDR S&P Telecom ETF 25.05 $25.0 M 7,492
FYC Small Cap Growth AlphaDEX Fund 24.75 $37.9 M 9,202
LTL Ultra Telecommunications ProShares 24.58 $6.9 M 215
IYZ iShares U.S. Telecommunications ETF 24.58 $575.2 M 222,800
IGV iShares North American Tech-Software ETF 24.53 $1,051.7 M 102,148
PXQ Dynamic Networking 24.45 $27.8 M 3,282
RZG S&P Smallcap 600 Pure Growth 23.69 $99.8 M 8,083
EVX Market Vectors Environmental Services ETF 23.63 $19.4 M 987
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $14.0 M 6,414
VTWG Russell 2000 Growth ETF 23.34 $94.9 M 9,815
VIOG S&P Small-Cap 600 Growth ETF 23.09 $58.8 M 5,302
UKK Ultra Russell2000 Growth 23.06 $13.7 M 835
IWO iShares Russell 2000 Growth ETF 23.05 $5,733.4 M 980,780
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $377.2 M 7,771
XHE SPDR S&P Health Care Equipment ETF 23.01 $34.2 M 3,363
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,600.3 M 90,797
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $176.2 M 6,011
IJK iShares U.S. Consumer Goods ETF 22.08 $4,527.3 M 107,880
ECON EGShares Emerging Markets Consumer 22.03 $1,266.9 M 149,795
XME SPDR S&P Metals & Mining ETF 21.78 $502.4 M 1,467,943
PSCM S&P SmallCap Materials Portfolio 21.77 $59.5 M 7,017
PDP DWA Technical Leaders Portfolio 21.71 $1,320.3 M 130,583
URA Uranium ETF 21.68 $241.0 M 265,992
FNY Mid Cap Growth AlphaDEX Fund 21.46 $46.1 M 10,420
PZD Cleantech Portfolio 21.27 $75.2 M 6,512
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $283.1 M 8,022
GEX Market Vectors Global Alternative Energy ETF 21.00 $101.9 M 10,258
PSI Dynamic Semiconductors 20.86 $29.1 M 16,205
UKW Ultra Russell MidCap Growth 20.83 $16.1 M 424
PBD Global Clean Energy Portfolio 20.82 $82.5 M 59,806
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,941.7 M 224,411
FAD Multi Cap Growth AlphaDEX Fund 20.73 $68.9 M 9,868
EIRL iShares MSCI Ireland Capped ETF 20.69 $118.4 M 68,343
VIOO S&P Small-Cap 600 ETF 20.68 $153.0 M 7,066
SLY SPDR S&P 600 Small Cap ETF 20.67 $317.6 M 24,197
IJR Core S&P Small-Cap ETF 20.67 $12,877.1 M 532,940
SAA Ultra SmallCap600 20.66 $22.1 M 1,219
RBL SPDR S&P Russia ETF 20.47 $23.2 M 12,114
JKE iShares Morningstar Large-Cap Value ETF 20.43 $572.0 M 19,794
BRAQ Brazil Consumer ETF 20.40 $9.7 M 4,546
FIW ISE Water Index Fund 20.25 $185.7 M 31,191
RFG S&P Midcap 400 Pure Growth 20.23 $785.1 M 20,720
PWB Dynamic LargeCap Growth 20.14 $276.3 M 37,811
PSCE S&P SmallCap Energy Portfolio 20.13 $35.4 M 12,698
PJP Dynamic Pharmaceuticals 20.01 $1,268.1 M 112,112
ENY Canadian Energy Income ETF 19.99 $41.0 M 24,548
XPH SPDR S&P Pharmaceuticals ETF 19.92 $980.4 M 82,340
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $92.1 M 10,672
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $455.4 M 52,574
FPX IPOX-100 Index Fund 19.79 $532.4 M 61,192
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $268.7 M 52,342
PHO Water Resource Portfolio 19.69 $925.9 M 89,077
IJH Core S&P Mid-Cap ETF 19.60 $23,577.3 M 1,751,261
MVV Ultra MidCap400 19.60 $787.6 M 824,952
VBK Small-Cap Growth ETF 19.46 $3,688.0 M 101,746
JKJ iShares Morningstar Small-Cap ETF 19.46 $209.0 M 3,191
IHI iShares U.S. Medical Devices ETF 19.41 $742.6 M 50,334
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $17.8 M 3,145
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $103.3 M 5,894
IWM iShares Russell 2000 ETF 19.31 $24,343.5 M 36,742,168
UWM Ultra Russell2000 19.30 $539.6 M 770,243
VHT Health Care ETF 19.19 $3,454.9 M 173,872
RYH S&P Equal Weight Health Care ETF 19.18 $337.7 M 34,708
CSD Spin-Off ETF 19.17 $583.8 M 92,838
PUI DWA Utilities Momentum 19.16 $39.6 M 5,895
IVOO S&P Mid-Cap 400 ETF 19.14 $332.3 M 12,420
XLY Consumer Discretionary Select Sector SPDR 19.12 $6,755.5 M 5,336,400
XRT SPDR S&P Retail ETF 19.11 $574.6 M 1,904,486
FTC Large Cap Growth AlphaDEX Fund 19.11 $416.0 M 72,258
CNDA IQ Canada Small Cap ETF 19.11 $16.0 M 12,719
VTWO Russell 2000 ETF 19.11 $354.8 M 41,249
SCHA U.S. Small-Cap ETF 19.09 $2,044.4 M 185,848
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $105.2 M 5,318