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 $314.2 M 38,730
FDN DJ Internet Index Fund 36.85 $1,708.1 M 298,589
PBW WilderHill Clean Energy Portfolio 33.63 $156.5 M 180,936
BBH Market Vectors Biotech ETF 30.23 $559.6 M 93,656
XBI SPDR S&P Biotech ETF 29.64 $1,242.4 M 388,758
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $107.1 M 88,879
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,597.0 M 148,879
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $118.0 M 3,323
PSJ Dynamic Software 28.37 $46.6 M 2,600
IBB Nasdaq Biotechnology 27.89 $5,885.2 M 1,264,488
XSW SPDR S&P Software & Services ETF 26.50 $25.3 M 2,158
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $196.0 M 3,512
PSCH S&P SmallCap Health Care Portfolio 26.11 $150.9 M 11,538
PBE Dynamic Biotech &Genome 25.61 $403.5 M 49,236
AMLP Alerian MLP ETF 25.38 $9,307.3 M 4,015,277
XSD SPDR S&P Semiconductor ETF 25.26 $126.2 M 103,067
PSCT S&P SmallCap Information Technology Portfolio 25.21 $214.6 M 22,926
XTL SPDR S&P Telecom ETF 25.05 $18.4 M 9,467
FYC Small Cap Growth AlphaDEX Fund 24.75 $36.8 M 15,877
LTL Ultra Telecommunications ProShares 24.58 $2.2 M 251
IYZ iShares U.S. Telecommunications ETF 24.58 $580.4 M 249,473
IGV iShares North American Tech-Software ETF 24.53 $1,081.7 M 110,455
PXQ Dynamic Networking 24.45 $26.1 M 2,375
RZG S&P Smallcap 600 Pure Growth 23.69 $96.5 M 7,052
EVX Market Vectors Environmental Services ETF 23.63 $18.8 M 951
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $13.5 M 3,889
VTWG Russell 2000 Growth ETF 23.34 $93.2 M 9,605
VIOG S&P Small-Cap 600 Growth ETF 23.09 $57.7 M 6,332
UKK Ultra Russell2000 Growth 23.06 $13.3 M 924
IWO iShares Russell 2000 Growth ETF 23.05 $5,618.3 M 1,192,453
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $370.2 M 8,073
XHE SPDR S&P Health Care Equipment ETF 23.01 $34.6 M 3,379
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,540.4 M 103,227
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $171.2 M 6,891
IJK iShares U.S. Consumer Goods ETF 22.08 $4,345.4 M 123,482
ECON EGShares Emerging Markets Consumer 22.03 $1,240.7 M 164,520
XME SPDR S&P Metals & Mining ETF 21.78 $407.0 M 2,093,265
PSCM S&P SmallCap Materials Portfolio 21.77 $58.4 M 12,953
PDP DWA Technical Leaders Portfolio 21.71 $1,315.1 M 222,624
URA Uranium ETF 21.68 $215.9 M 259,756
FNY Mid Cap Growth AlphaDEX Fund 21.46 $51.3 M 20,550
PZD Cleantech Portfolio 21.27 $70.6 M 7,177
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $274.9 M 9,238
GEX Market Vectors Global Alternative Energy ETF 21.00 $87.5 M 13,567
PSI Dynamic Semiconductors 20.86 $27.6 M 23,323
UKW Ultra Russell MidCap Growth 20.83 $10.3 M 372
PBD Global Clean Energy Portfolio 20.82 $74.3 M 68,739
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,863.8 M 281,556
FAD Multi Cap Growth AlphaDEX Fund 20.73 $66.8 M 11,508
EIRL iShares MSCI Ireland Capped ETF 20.69 $106.6 M 62,326
VIOO S&P Small-Cap 600 ETF 20.68 $151.1 M 8,947
SLY SPDR S&P 600 Small Cap ETF 20.67 $313.6 M 25,705
IJR Core S&P Small-Cap ETF 20.67 $12,906.4 M 748,297
SAA Ultra SmallCap600 20.66 $22.0 M 1,242
RBL SPDR S&P Russia ETF 20.47 $22.8 M 11,552
JKE iShares Morningstar Large-Cap Value ETF 20.43 $575.2 M 23,994
BRAQ Brazil Consumer ETF 20.40 $9.2 M 7,220
FIW ISE Water Index Fund 20.25 $185.5 M 38,067
RFG S&P Midcap 400 Pure Growth 20.23 $710.3 M 29,464
PWB Dynamic LargeCap Growth 20.14 $273.8 M 35,245
PSCE S&P SmallCap Energy Portfolio 20.13 $34.5 M 13,991
PJP Dynamic Pharmaceuticals 20.01 $1,310.6 M 141,217
ENY Canadian Energy Income ETF 19.99 $36.8 M 25,247
XPH SPDR S&P Pharmaceuticals ETF 19.92 $971.2 M 69,821
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $89.8 M 15,695
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $413.2 M 93,955
FPX IPOX-100 Index Fund 19.79 $497.8 M 93,477
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $262.9 M 67,042
PHO Water Resource Portfolio 19.69 $915.6 M 100,571
IJH Core S&P Mid-Cap ETF 19.60 $20,754.7 M 1,729,853
MVV Ultra MidCap400 19.60 $167.7 M 721,058
VBK Small-Cap Growth ETF 19.46 $3,592.0 M 120,530
JKJ iShares Morningstar Small-Cap ETF 19.46 $198.5 M 4,185
IHI iShares U.S. Medical Devices ETF 19.41 $729.5 M 68,174
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $17.8 M 8,775
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $103.8 M 14,291
IWM iShares Russell 2000 ETF 19.31 $23,911.3 M 42,594,336
UWM Ultra Russell2000 19.30 $189.4 M 638,512
VHT Health Care ETF 19.19 $3,465.5 M 267,667
RYH S&P Equal Weight Health Care ETF 19.18 $343.1 M 42,515
CSD Spin-Off ETF 19.17 $548.9 M 77,758
PUI DWA Utilities Momentum 19.16 $40.8 M 6,130
IVOO S&P Mid-Cap 400 ETF 19.14 $334.2 M 17,318
XLY Consumer Discretionary Select Sector SPDR 19.12 $5,924.7 M 6,269,882
XRT SPDR S&P Retail ETF 19.11 $753.2 M 1,977,223
FTC Large Cap Growth AlphaDEX Fund 19.11 $408.6 M 94,365
CNDA IQ Canada Small Cap ETF 19.11 $14.7 M 6,280
VTWO Russell 2000 ETF 19.11 $385.3 M 62,832
SCHA U.S. Small-Cap ETF 19.09 $2,003.3 M 216,335
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $104.4 M 6,386