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 $329.4 M 103,917
FDN DJ Internet Index Fund 36.85 $1,924.4 M 666,129
PBW WilderHill Clean Energy Portfolio 33.63 $225.1 M 417,521
BBH Market Vectors Biotech ETF 30.23 $496.2 M 246,617
XBI SPDR S&P Biotech ETF 29.64 $1,073.4 M 749,652
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $183.4 M 167,368
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,143.6 M 235,365
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $132.6 M 5,538
PSJ Dynamic Software 28.37 $57.8 M 11,046
IBB Nasdaq Biotechnology 27.89 $4,697.9 M 2,454,724
XSW SPDR S&P Software & Services ETF 26.50 $33.3 M 6,429
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $199.1 M 6,506
PSCH S&P SmallCap Health Care Portfolio 26.11 $163.0 M 37,179
PBE Dynamic Biotech &Genome 25.61 $352.9 M 190,798
AMLP Alerian MLP ETF 25.38 $8,173.1 M 3,203,862
XSD SPDR S&P Semiconductor ETF 25.26 $142.9 M 47,619
PSCT S&P SmallCap Information Technology Portfolio 25.21 $241.6 M 34,324
XTL SPDR S&P Telecom ETF 25.05 $19.3 M 7,246
FYC Small Cap Growth AlphaDEX Fund 24.75 $34.5 M 12,219
LTL Ultra Telecommunications ProShares 24.58 $6.6 M 833
IYZ iShares U.S. Telecommunications ETF 24.58 $609.2 M 360,579
IGV iShares North American Tech-Software ETF 24.53 $1,148.3 M 184,984
PXQ Dynamic Networking 24.45 $29.9 M 6,608
RZG S&P Smallcap 600 Pure Growth 23.69 $111.2 M 14,983
EVX Market Vectors Environmental Services ETF 23.63 $19.4 M 1,495
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $12.2 M 2,803
VTWG Russell 2000 Growth ETF 23.34 $113.3 M 30,316
VIOG S&P Small-Cap 600 Growth ETF 23.09 $59.3 M 6,905
UKK Ultra Russell2000 Growth 23.06 $13.5 M 1,998
IWO iShares Russell 2000 Growth ETF 23.05 $5,833.9 M 1,616,348
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $381.9 M 13,710
XHE SPDR S&P Health Care Equipment ETF 23.01 $29.9 M 2,344
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,765.0 M 155,132
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $165.3 M 10,537
IJK iShares U.S. Consumer Goods ETF 22.08 $4,492.6 M 163,497
ECON EGShares Emerging Markets Consumer 22.03 $1,263.4 M 424,405
XME SPDR S&P Metals & Mining ETF 21.78 $620.0 M 1,875,540
PSCM S&P SmallCap Materials Portfolio 21.77 $58.0 M 22,803
PDP DWA Technical Leaders Portfolio 21.71 $1,254.0 M 297,444
URA Uranium ETF 21.68 $235.2 M 303,684
FNY Mid Cap Growth AlphaDEX Fund 21.46 $40.8 M 13,525
PZD Cleantech Portfolio 21.27 $84.3 M 8,708
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $259.6 M 16,516
GEX Market Vectors Global Alternative Energy ETF 21.00 $105.8 M 14,394
PSI Dynamic Semiconductors 20.86 $19.1 M 8,483
UKW Ultra Russell MidCap Growth 20.83 $14.3 M 854
PBD Global Clean Energy Portfolio 20.82 $94.3 M 60,344
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,645.5 M 367,351
FAD Multi Cap Growth AlphaDEX Fund 20.73 $59.7 M 8,876
EIRL iShares MSCI Ireland Capped ETF 20.69 $175.1 M 57,440
VIOO S&P Small-Cap 600 ETF 20.68 $159.7 M 17,151
SLY SPDR S&P 600 Small Cap ETF 20.67 $424.2 M 22,402
IJR Core S&P Small-Cap ETF 20.67 $13,631.9 M 1,077,083
SAA Ultra SmallCap600 20.66 $22.9 M 2,695
RBL SPDR S&P Russia ETF 20.47 $19.8 M 55,357
JKE iShares Morningstar Large-Cap Value ETF 20.43 $519.4 M 24,989
BRAQ Brazil Consumer ETF 20.40 $14.9 M 4,740
FIW ISE Water Index Fund 20.25 $194.8 M 41,435
RFG S&P Midcap 400 Pure Growth 20.23 $810.4 M 33,946
PWB Dynamic LargeCap Growth 20.14 $292.0 M 52,794
PSCE S&P SmallCap Energy Portfolio 20.13 $51.7 M 10,160
PJP Dynamic Pharmaceuticals 20.01 $1,060.9 M 333,583
ENY Canadian Energy Income ETF 19.99 $45.6 M 11,790
XPH SPDR S&P Pharmaceuticals ETF 19.92 $804.4 M 146,125
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $90.9 M 22,562
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $380.9 M 267,200
FPX IPOX-100 Index Fund 19.79 $473.9 M 168,913
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $218.8 M 60,616
PHO Water Resource Portfolio 19.69 $1,005.4 M 114,133
IJH Core S&P Mid-Cap ETF 19.60 $20,203.4 M 1,365,981
MVV Ultra MidCap400 19.60 $157.1 M 758,995
VBK Small-Cap Growth ETF 19.46 $3,747.0 M 194,881
JKJ iShares Morningstar Small-Cap ETF 19.46 $214.0 M 4,548
IHI iShares U.S. Medical Devices ETF 19.41 $720.1 M 108,597
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $35.1 M 16,190
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $111.1 M 15,621
IWM iShares Russell 2000 ETF 19.31 $27,064.3 M 49,140,508
UWM Ultra Russell2000 19.30 $1,685.0 M 708,940
VHT Health Care ETF 19.19 $2,875.6 M 370,814
RYH S&P Equal Weight Health Care ETF 19.18 $177.2 M 35,254
CSD Spin-Off ETF 19.17 $730.1 M 193,760
PUI DWA Utilities Momentum 19.16 $41.0 M 6,460
IVOO S&P Mid-Cap 400 ETF 19.14 $312.8 M 26,124
XLY Consumer Discretionary Select Sector SPDR 19.12 $5,336.6 M 6,759,175
XRT SPDR S&P Retail ETF 19.11 $864.8 M 3,541,152
FTC Large Cap Growth AlphaDEX Fund 19.11 $272.1 M 59,016
CNDA IQ Canada Small Cap ETF 19.11 $16.3 M 1,357
VTWO Russell 2000 ETF 19.11 $386.5 M 56,329
SCHA U.S. Small-Cap ETF 19.09 $2,019.7 M 328,448
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $108.3 M 9,059