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 $322.6 M 37,894
FDN DJ Internet Index Fund 36.85 $1,817.4 M 322,561
PBW WilderHill Clean Energy Portfolio 33.63 $187.3 M 225,521
BBH Market Vectors Biotech ETF 30.23 $540.1 M 79,186
XBI SPDR S&P Biotech ETF 29.64 $1,198.5 M 449,423
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $135.1 M 69,515
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,512.0 M 114,552
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $131.7 M 2,608
PSJ Dynamic Software 28.37 $52.5 M 3,380
IBB Nasdaq Biotechnology 27.89 $5,491.9 M 1,144,508
XSW SPDR S&P Software & Services ETF 26.50 $30.8 M 2,606
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $206.1 M 2,418
PSCH S&P SmallCap Health Care Portfolio 26.11 $171.9 M 11,117
PBE Dynamic Biotech &Genome 25.61 $400.9 M 53,606
AMLP Alerian MLP ETF 25.38 $9,529.6 M 2,979,036
XSD SPDR S&P Semiconductor ETF 25.26 $201.1 M 103,838
PSCT S&P SmallCap Information Technology Portfolio 25.21 $237.0 M 24,126
XTL SPDR S&P Telecom ETF 25.05 $19.9 M 7,502
FYC Small Cap Growth AlphaDEX Fund 24.75 $34.8 M 8,830
LTL Ultra Telecommunications ProShares 24.58 $7.2 M 211
IYZ iShares U.S. Telecommunications ETF 24.58 $595.1 M 256,220
IGV iShares North American Tech-Software ETF 24.53 $935.9 M 112,135
PXQ Dynamic Networking 24.45 $27.7 M 5,102
RZG S&P Smallcap 600 Pure Growth 23.69 $102.7 M 8,200
EVX Market Vectors Environmental Services ETF 23.63 $20.0 M 468
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $12.6 M 6,491
VTWG Russell 2000 Growth ETF 23.34 $99.0 M 16,170
VIOG S&P Small-Cap 600 Growth ETF 23.09 $60.4 M 5,300
UKK Ultra Russell2000 Growth 23.06 $14.6 M 887
IWO iShares Russell 2000 Growth ETF 23.05 $5,821.7 M 1,043,992
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $388.5 M 9,362
XHE SPDR S&P Health Care Equipment ETF 23.01 $34.7 M 2,892
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,736.1 M 89,708
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $180.8 M 6,339
IJK iShares U.S. Consumer Goods ETF 22.08 $4,637.3 M 129,911
ECON EGShares Emerging Markets Consumer 22.03 $1,359.4 M 153,035
XME SPDR S&P Metals & Mining ETF 21.78 $657.9 M 1,239,729
PSCM S&P SmallCap Materials Portfolio 21.77 $61.2 M 8,652
PDP DWA Technical Leaders Portfolio 21.71 $1,303.6 M 139,982
URA Uranium ETF 21.68 $267.7 M 229,003
FNY Mid Cap Growth AlphaDEX Fund 21.46 $43.2 M 7,183
PZD Cleantech Portfolio 21.27 $83.4 M 6,977
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $289.8 M 9,036
GEX Market Vectors Global Alternative Energy ETF 21.00 $108.8 M 8,323
PSI Dynamic Semiconductors 20.86 $25.6 M 16,242
UKW Ultra Russell MidCap Growth 20.83 $16.7 M 582
PBD Global Clean Energy Portfolio 20.82 $92.3 M 62,136
IWP iShares Russell Mid-Cap Growth ETF 20.79 $5,116.6 M 220,809
FAD Multi Cap Growth AlphaDEX Fund 20.73 $70.5 M 7,997
EIRL iShares MSCI Ireland Capped ETF 20.69 $127.4 M 79,733
VIOO S&P Small-Cap 600 ETF 20.68 $158.7 M 7,173
SLY SPDR S&P 600 Small Cap ETF 20.67 $330.3 M 24,455
IJR Core S&P Small-Cap ETF 20.67 $13,402.9 M 615,302
SAA Ultra SmallCap600 20.66 $23.8 M 1,159
RBL SPDR S&P Russia ETF 20.47 $23.8 M 16,350
JKE iShares Morningstar Large-Cap Value ETF 20.43 $557.5 M 15,961
BRAQ Brazil Consumer ETF 20.40 $12.4 M 4,918
FIW ISE Water Index Fund 20.25 $196.2 M 30,512
RFG S&P Midcap 400 Pure Growth 20.23 $804.2 M 19,808
PWB Dynamic LargeCap Growth 20.14 $276.7 M 36,508
PSCE S&P SmallCap Energy Portfolio 20.13 $58.8 M 12,673
PJP Dynamic Pharmaceuticals 20.01 $1,221.8 M 114,658
ENY Canadian Energy Income ETF 19.99 $50.9 M 28,127
XPH SPDR S&P Pharmaceuticals ETF 19.92 $933.9 M 79,180
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $96.0 M 10,685
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $452.9 M 60,474
FPX IPOX-100 Index Fund 19.79 $516.5 M 53,402
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $252.6 M 41,777
PHO Water Resource Portfolio 19.69 $971.7 M 86,565
IJH Core S&P Mid-Cap ETF 19.60 $21,872.9 M 1,531,711
MVV Ultra MidCap400 19.60 $171.6 M 738,612
VBK Small-Cap Growth ETF 19.46 $3,790.5 M 104,782
JKJ iShares Morningstar Small-Cap ETF 19.46 $217.5 M 3,539
IHI iShares U.S. Medical Devices ETF 19.41 $763.5 M 56,723
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $27.7 M 6,345
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $109.4 M 7,042
IWM iShares Russell 2000 ETF 19.31 $24,466.0 M 36,871,434
UWM Ultra Russell2000 19.30 $178.5 M 799,688
VHT Health Care ETF 19.19 $3,291.2 M 159,167
RYH S&P Equal Weight Health Care ETF 19.18 $321.6 M 30,261
CSD Spin-Off ETF 19.17 $613.3 M 104,405
PUI DWA Utilities Momentum 19.16 $41.2 M 6,205
IVOO S&P Mid-Cap 400 ETF 19.14 $338.3 M 11,208
XLY Consumer Discretionary Select Sector SPDR 19.12 $6,530.3 M 5,150,589
XRT SPDR S&P Retail ETF 19.11 $788.0 M 1,971,106
FTC Large Cap Growth AlphaDEX Fund 19.11 $378.7 M 57,111
CNDA IQ Canada Small Cap ETF 19.11 $21.7 M 12,783
VTWO Russell 2000 ETF 19.11 $400.1 M 39,736
SCHA U.S. Small-Cap ETF 19.09 $2,090.6 M 168,259
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $109.2 M 5,220