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.
| Symbol |
Name |
P/E Ratio |
AUM |
Avg Volume |
|
PSJ
|
Dynamic Software
|
25.88
|
$47.4 M
|
9,600
|
|
PXQ
|
Dynamic Networking
|
24.38
|
$71.1 M
|
40,119
|
|
PNQI
|
Nasdaq Internet Portfolio
|
24.32
|
$55.3 M
|
18,297
|
|
ITB
|
Dow Jones U.S. Home Construction Index Fund
|
22.83
|
$649.3 M
|
1,942,591
|
|
FDN
|
DJ Internet Index Fund
|
22.73
|
$493.3 M
|
119,955
|
|
XSW
|
SPDR S&P Software & Services ETF
|
22.50
|
$17.8 M
|
2,954
|
|
JKK
|
Morningstar Small Growth Index Fund
|
21.98
|
$85.3 M
|
6,798
|
|
GGGG
|
Pure Gold Miners ETF
|
20.55
|
$3.9 M
|
4,320
|
|
INP
|
MSCI India Index ETN
|
20.51
|
$408.6 M
|
87,052
|
|
IGV
|
S&P North American Technology-Software Index Fund
|
20.37
|
$582.9 M
|
103,545
|
|
FBT
|
NYSE Arca Biotechnology Index Fund
|
19.94
|
$253.7 M
|
69,831
|
|
JKH
|
Morningstar Mid Growth Index Fund
|
19.30
|
$156.3 M
|
8,117
|
|
IJK
|
S&P MidCap 400 Growth Index Fund
|
19.29
|
$2,822.2 M
|
172,992
|
|
PDP
|
DWA Technical Leaders Portfolio
|
19.21
|
$531.9 M
|
187,355
|
|
XSD
|
SPDR S&P Semiconductor ETF
|
19.01
|
$70.0 M
|
93,984
|
|
IJT
|
S&P SmallCap 600 Growth Index Fund
|
18.17
|
$1,580.8 M
|
159,900
|
|
FAD
|
Multi Cap Growth AlphaDEX Fund
|
18.17
|
$28.8 M
|
6,118
|
|
PWB
|
Dynamic LargeCap Growth
|
18.08
|
$179.5 M
|
70,077
|
|
COLX
|
Market Vectors Colombia ETF
|
18.06
|
$1.8 M
|
1,163
|
|
IWO
|
Russell 2000 Growth
|
18.05
|
$3,456.5 M
|
1,665,883
|
|
FTC
|
Large Cap Growth AlphaDEX Fund
|
17.60
|
$127.6 M
|
25,609
|
|
ENY
|
Canadian Energy Income ETF
|
17.57
|
$93.9 M
|
35,136
|
|
XHB
|
SPDR Homebuilders ETF
|
17.56
|
$1,419.4 M
|
8,042,814
|
|
QQXT
|
NASDAQ-100 Ex-Technology Sector Index
|
17.53
|
$33.7 M
|
8,947
|
|
SCJ
|
MSCI Japan Small Cap Index Fund
|
17.38
|
$51.9 M
|
8,440
|
|
PEJ
|
Dynamic Leisure & Entertainment Portfolio
|
17.32
|
$57.6 M
|
36,733
|
|
IWP
|
Russell Midcap Growth Index
|
17.30
|
$3,142.9 M
|
688,517
|
|
EVX
|
Market Vectors Environmental Services ETF
|
17.11
|
$27.3 M
|
867
|
|
RZG
|
S&P Smallcap 600 Pure Growth
|
17.07
|
$74.8 M
|
16,163
|
|
RFG
|
S&P Midcap 400 Pure Growth
|
16.59
|
$552.5 M
|
54,548
|
|
VUG
|
Growth ETF
|
16.50
|
$6,976.2 M
|
505,736
|
|
PBE
|
Dynamic Biotech &Genome
|
16.50
|
$130.5 M
|
12,858
|
|
WOOD
|
S&P Global Timber & Forestry Index Fund
|
16.48
|
$142.5 M
|
20,909
|
|
IYT
|
Dow Jones Transportation Average Index Fund
|
16.47
|
$428.6 M
|
665,903
|
|
JKE
|
Morningstar Large Growth Index Fund
|
16.46
|
$420.6 M
|
44,689
|
|
IBB
|
Nasdaq Biotechnology
|
16.41
|
$1,920.1 M
|
515,677
|
|
AND
|
FTSE Andean 40 ETF
|
16.39
|
$8.9 M
|
11,345
|
|
GXG
|
InterBolsa FTSE Colombia 20 ETF
|
16.33
|
$196.3 M
|
131,063
|
|
XBI
|
SPDR S&P Biotech ETF
|
16.32
|
$575.6 M
|
229,641
|
|
MDY
|
SPDR MidCap Trust Series I
|
16.22
|
$8,991.9 M
|
2,434,933
|
|
CCXE
|
Commodity Country Equity Fund
|
16.16
|
$26.9 M
|
2,713
|
|
GDX
|
Market Vectors TR Gold Miners
|
16.12
|
$5,583.3 M
|
14,893,083
|
|
VOX
|
Telecom ETF
|
16.09
|
$378.4 M
|
43,902
|
|
QQEW
|
NASDAQ-100 Equal Weighted Index Fund
|
16.08
|
$86.4 M
|
38,081
|
|
FIW
|
ISE Water Index Fund
|
16.04
|
$61.8 M
|
13,395
|
|
IEZ
|
Dow Jones U.S. Oil Equipment & Services Index Fund
|
16.01
|
$375.7 M
|
177,472
|
|
PUI
|
Dynamic Utilities
|
15.92
|
$41.3 M
|
11,956
|
|
VBK
|
Small-Cap Growth ETF
|
15.92
|
$1,954.5 M
|
165,298
|
|
PKB
|
Dynamic Build & Construction
|
15.81
|
$27.5 M
|
13,729
|
|
PXSC
|
RAFI Fundamental Pure Small Core Portfolio
|
15.67
|
$14.6 M
|
1,292
|
|
IGN
|
S&P North American Technology-Multimedia Networking Index Fund
|
15.62
|
$230.4 M
|
72,255
|
|
PHO
|
Water Resource Portfolio
|
15.62
|
$753.4 M
|
258,759
|
|
PMR
|
Dynamic Retail
|
15.60
|
$64.9 M
|
48,831
|
|
FXU
|
Utilities AlphaDEX Fund
|
15.60
|
$165.3 M
|
395,420
|
|
PEY
|
High Yield Dividend Achievers
|
15.51
|
$263.0 M
|
258,525
|
|
PXJ
|
Dynamic Oil Services
|
15.42
|
$133.6 M
|
88,028
|
|
IHI
|
Dow Jones U.S. Medical Devices Index Fund
|
15.38
|
$295.0 M
|
62,202
|
|
IJS
|
S&P SmallCap 600 Value Index Fund
|
15.22
|
$2,053.0 M
|
236,914
|
|
PSAU
|
Global Gold and Precious Metals Portfolio
|
15.21
|
$32.1 M
|
7,828
|
|
IYC
|
Dow Jones U.S. Consumer Index Fund
|
15.21
|
$297.4 M
|
33,327
|
|
PBJ
|
Dynamic Food & Beverage
|
15.21
|
$156.9 M
|
46,617
|
|
DON
|
MidCap Dividend Fund
|
15.20
|
$321.6 M
|
40,820
|
|
PIO
|
Global Water Portfolio
|
15.16
|
$216.4 M
|
51,248
|
|
JKJ
|
Morningstar Small Core Index Fund
|
15.13
|
$138.2 M
|
6,028
|
|
VOT
|
Mid-Cap Growth ETF
|
15.10
|
$1,198.9 M
|
130,577
|
|
PSL
|
Dynamic Consumer Staples
|
15.09
|
$38.0 M
|
2,736
|
|
IWZ
|
Russell 3000 Growth Index Fund
|
15.07
|
$334.6 M
|
29,862
|
|
FYX
|
Small Cap Core AlphaDEX Fund
|
15.03
|
$154.7 M
|
55,964
|
|
RPG
|
S&P 500 Pure Growth ETF
|
15.02
|
$296.3 M
|
42,642
|
|
IYK
|
Dow Jones U.S. Consumer Goods Index Fund
|
14.92
|
$397.6 M
|
30,344
|
|
IWF
|
Russell 1000 Growth
|
14.89
|
$15,178.1 M
|
2,138,259
|
|
XLP
|
Consumer Staples Select Sector SPDR
|
14.88
|
$5,679.2 M
|
5,588,131
|
|
FXH
|
Health Care AlphaDEX
|
14.87
|
$576.6 M
|
156,545
|
|
DEF
|
Defensive Equity ETF
|
14.86
|
$72.6 M
|
25,867
|
|
INDY
|
S&P India Nifty Fifty Index Fund
|
14.81
|
$302.1 M
|
122,047
|
|
PTF
|
Dynamic Technology
|
14.79
|
$29.0 M
|
4,102
|
|
IPS
|
SPDR S&P International Consumer Staples Sector ETF
|
14.73
|
$19.2 M
|
5,219
|
|
IWR
|
Russell Midcap Index Fund
|
14.72
|
$6,106.8 M
|
408,014
|
|
EWW
|
MSCI Mexico Index Fund
|
14.72
|
$1,094.7 M
|
2,580,400
|
|
IDU
|
Dow Jones U.S. Utilities Index Fund
|
14.70
|
$657.3 M
|
44,639
|
|
CSD
|
Spin-Off ETF
|
14.68
|
$29.2 M
|
16,920
|
|
EWM
|
MSCI Malaysia Index Fund
|
14.68
|
$864.7 M
|
1,568,520
|
