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 $335.4 M 36,805
FDN DJ Internet Index Fund 36.85 $1,772.5 M 292,815
PBW WilderHill Clean Energy Portfolio 33.63 $185.9 M 198,195
BBH Market Vectors Biotech ETF 30.23 $543.5 M 83,378
XBI SPDR S&P Biotech ETF 29.64 $1,242.1 M 396,955
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $131.2 M 63,983
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,532.3 M 113,872
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $124.8 M 2,454
PSJ Dynamic Software 28.37 $49.4 M 2,695
IBB Nasdaq Biotechnology 27.89 $5,375.5 M 1,136,729
XSW SPDR S&P Software & Services ETF 26.50 $31.0 M 2,277
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $206.1 M 2,365
PSCH S&P SmallCap Health Care Portfolio 26.11 $159.7 M 9,578
PBE Dynamic Biotech &Genome 25.61 $396.9 M 47,809
AMLP Alerian MLP ETF 25.38 $9,538.5 M 2,943,086
XSD SPDR S&P Semiconductor ETF 25.26 $201.2 M 90,962
PSCT S&P SmallCap Information Technology Portfolio 25.21 $230.0 M 22,055
XTL SPDR S&P Telecom ETF 25.05 $26.0 M 8,705
FYC Small Cap Growth AlphaDEX Fund 24.75 $39.2 M 8,948
LTL Ultra Telecommunications ProShares 24.58 $7.3 M 204
IYZ iShares U.S. Telecommunications ETF 24.58 $597.9 M 215,995
IGV iShares North American Tech-Software ETF 24.53 $1,068.4 M 105,751
PXQ Dynamic Networking 24.45 $28.6 M 3,909
RZG S&P Smallcap 600 Pure Growth 23.69 $103.5 M 8,374
EVX Market Vectors Environmental Services ETF 23.63 $19.9 M 993
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $13.4 M 7,382
VTWG Russell 2000 Growth ETF 23.34 $98.3 M 10,211
VIOG S&P Small-Cap 600 Growth ETF 23.09 $65.7 M 5,323
UKK Ultra Russell2000 Growth 23.06 $14.6 M 855
IWO iShares Russell 2000 Growth ETF 23.05 $5,802.9 M 968,326
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $389.0 M 8,300
XHE SPDR S&P Health Care Equipment ETF 23.01 $35.2 M 2,995
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,738.9 M 87,238
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $181.3 M 6,455
IJK iShares U.S. Consumer Goods ETF 22.08 $4,667.3 M 116,592
ECON EGShares Emerging Markets Consumer 22.03 $1,324.4 M 142,035
XME SPDR S&P Metals & Mining ETF 21.78 $543.0 M 1,327,688
PSCM S&P SmallCap Materials Portfolio 21.77 $64.6 M 6,020
PDP DWA Technical Leaders Portfolio 21.71 $1,333.5 M 125,278
URA Uranium ETF 21.68 $263.9 M 245,452
FNY Mid Cap Growth AlphaDEX Fund 21.46 $44.7 M 9,689
PZD Cleantech Portfolio 21.27 $81.1 M 7,188
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $305.7 M 8,425
GEX Market Vectors Global Alternative Energy ETF 21.00 $106.1 M 9,831
PSI Dynamic Semiconductors 20.86 $26.3 M 16,129
UKW Ultra Russell MidCap Growth 20.83 $16.8 M 437
PBD Global Clean Energy Portfolio 20.82 $85.3 M 59,545
IWP iShares Russell Mid-Cap Growth ETF 20.79 $5,109.0 M 199,658
FAD Multi Cap Growth AlphaDEX Fund 20.73 $70.7 M 7,414
EIRL iShares MSCI Ireland Capped ETF 20.69 $122.9 M 75,758
VIOO S&P Small-Cap 600 ETF 20.68 $163.3 M 7,069
SLY SPDR S&P 600 Small Cap ETF 20.67 $328.6 M 24,048
IJR Core S&P Small-Cap ETF 20.67 $13,449.1 M 553,075
SAA Ultra SmallCap600 20.66 $23.7 M 1,142
RBL SPDR S&P Russia ETF 20.47 $23.3 M 13,237
JKE iShares Morningstar Large-Cap Value ETF 20.43 $580.4 M 17,818
BRAQ Brazil Consumer ETF 20.40 $10.3 M 4,691
FIW ISE Water Index Fund 20.25 $192.5 M 31,751
RFG S&P Midcap 400 Pure Growth 20.23 $812.1 M 19,880
PWB Dynamic LargeCap Growth 20.14 $279.4 M 36,589
PSCE S&P SmallCap Energy Portfolio 20.13 $41.5 M 12,852
PJP Dynamic Pharmaceuticals 20.01 $1,266.4 M 109,452
ENY Canadian Energy Income ETF 19.99 $45.6 M 24,992
XPH SPDR S&P Pharmaceuticals ETF 19.92 $1,017.4 M 82,092
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $95.3 M 10,712
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $464.0 M 57,042
FPX IPOX-100 Index Fund 19.79 $524.7 M 58,031
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $267.0 M 49,845
PHO Water Resource Portfolio 19.69 $953.4 M 91,191
IJH Core S&P Mid-Cap ETF 19.60 $24,604.4 M 1,698,609
MVV Ultra MidCap400 19.60 $844.3 M 808,303
VBK Small-Cap Growth ETF 19.46 $3,844.4 M 100,157
JKJ iShares Morningstar Small-Cap ETF 19.46 $217.3 M 3,563
IHI iShares U.S. Medical Devices ETF 19.41 $776.8 M 45,880
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $20.6 M 3,137
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $110.1 M 5,626
IWM iShares Russell 2000 ETF 19.31 $24,659.0 M 35,683,742
UWM Ultra Russell2000 19.30 $580.2 M 776,722
VHT Health Care ETF 19.19 $3,441.3 M 161,938
RYH S&P Equal Weight Health Care ETF 19.18 $334.4 M 33,262
CSD Spin-Off ETF 19.17 $604.6 M 97,209
PUI DWA Utilities Momentum 19.16 $40.4 M 5,926
IVOO S&P Mid-Cap 400 ETF 19.14 $357.2 M 11,609
XLY Consumer Discretionary Select Sector SPDR 19.12 $6,837.3 M 5,223,408
XRT SPDR S&P Retail ETF 19.11 $650.8 M 1,881,922
FTC Large Cap Growth AlphaDEX Fund 19.11 $395.2 M 59,586
CNDA IQ Canada Small Cap ETF 19.11 $20.6 M 13,084
VTWO Russell 2000 ETF 19.11 $368.6 M 40,503
SCHA U.S. Small-Cap ETF 19.09 $2,197.8 M 174,009
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $110.7 M 4,758