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 $290.1 M 36,489
FDN DJ Internet Index Fund 36.85 $1,957.5 M 287,937
PBW WilderHill Clean Energy Portfolio 33.63 $136.0 M 172,986
BBH Market Vectors Biotech ETF 30.23 $679.8 M 113,129
XBI SPDR S&P Biotech ETF 29.64 $1,503.7 M 486,994
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $87.4 M 84,162
FBT NYSE Arca Biotechnology Index Fund 28.97 $2,105.0 M 178,957
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $113.9 M 3,723
PSJ Dynamic Software 28.37 $49.7 M 3,885
IBB Nasdaq Biotechnology 27.89 $6,781.9 M 1,478,797
XSW SPDR S&P Software & Services ETF 26.50 $28.2 M 2,457
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $209.6 M 4,331
PSCH S&P SmallCap Health Care Portfolio 26.11 $161.3 M 13,205
PBE Dynamic Biotech &Genome 25.61 $467.2 M 55,142
AMLP Alerian MLP ETF 25.38 $9,009.2 M 5,724,468
XSD SPDR S&P Semiconductor ETF 25.26 $182.2 M 111,551
PSCT S&P SmallCap Information Technology Portfolio 25.21 $240.4 M 30,329
XTL SPDR S&P Telecom ETF 25.05 $34.7 M 12,828
FYC Small Cap Growth AlphaDEX Fund 24.75 $45.9 M 20,471
LTL Ultra Telecommunications ProShares 24.58 $11.0 M 3,678
IYZ iShares U.S. Telecommunications ETF 24.58 $572.5 M 251,643
IGV iShares North American Tech-Software ETF 24.53 $1,221.8 M 120,871
PXQ Dynamic Networking 24.45 $26.1 M 3,150
RZG S&P Smallcap 600 Pure Growth 23.69 $103.6 M 9,189
EVX Market Vectors Environmental Services ETF 23.63 $19.9 M 405
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $14.8 M 1,397
VTWG Russell 2000 Growth ETF 23.34 $111.7 M 11,505
VIOG S&P Small-Cap 600 Growth ETF 23.09 $62.4 M 5,577
UKK Ultra Russell2000 Growth 23.06 $15.6 M 1,047
IWO iShares Russell 2000 Growth ETF 23.05 $6,578.2 M 1,363,778
XHE SPDR S&P Health Care Equipment ETF 23.01 $39.9 M 2,169
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $409.5 M 9,432
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,784.4 M 127,991
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $190.2 M 6,862
IJK iShares U.S. Consumer Goods ETF 22.08 $4,702.2 M 118,162
ECON EGShares Emerging Markets Consumer 22.03 $1,178.2 M 213,791
XME SPDR S&P Metals & Mining ETF 21.78 $363.2 M 2,580,814
PSCM S&P SmallCap Materials Portfolio 21.77 $26.0 M 21,838
PDP DWA Technical Leaders Portfolio 21.71 $1,595.6 M 304,298
URA Uranium ETF 21.68 $225.6 M 291,635
FNY Mid Cap Growth AlphaDEX Fund 21.46 $60.1 M 26,289
PZD Cleantech Portfolio 21.27 $72.3 M 5,649
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $340.3 M 13,000
GEX Market Vectors Global Alternative Energy ETF 21.00 $85.4 M 11,271
PSI Dynamic Semiconductors 20.86 $33.2 M 27,728
UKW Ultra Russell MidCap Growth 20.83 $11.6 M 624
PBD Global Clean Energy Portfolio 20.82 $65.7 M 55,709
IWP iShares Russell Mid-Cap Growth ETF 20.79 $5,713.2 M 387,980
FAD Multi Cap Growth AlphaDEX Fund 20.73 $72.9 M 9,620
EIRL iShares MSCI Ireland Capped ETF 20.69 $83.3 M 47,089
VIOO S&P Small-Cap 600 ETF 20.68 $188.9 M 17,012
IJR Core S&P Small-Cap ETF 20.67 $14,377.4 M 1,053,171
SLY SPDR S&P 600 Small Cap ETF 20.67 $344.5 M 13,714
SAA Ultra SmallCap600 20.66 $25.0 M 1,409
RBL SPDR S&P Russia ETF 20.47 $18.3 M 28,868
JKE iShares Morningstar Large-Cap Value ETF 20.43 $641.6 M 19,528
BRAQ Brazil Consumer ETF 20.40 $8.4 M 9,620
FIW ISE Water Index Fund 20.25 $211.6 M 30,352
RFG S&P Midcap 400 Pure Growth 20.23 $714.9 M 31,705
PWB Dynamic LargeCap Growth 20.14 $299.9 M 37,992
PSCE S&P SmallCap Energy Portfolio 20.13 $30.0 M 16,312
PJP Dynamic Pharmaceuticals 20.01 $1,542.0 M 205,240
ENY Canadian Energy Income ETF 19.99 $29.5 M 23,183
XPH SPDR S&P Pharmaceuticals ETF 19.92 $1,107.3 M 67,403
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $110.8 M 19,735
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $543.0 M 128,494
FPX IPOX-100 Index Fund 19.79 $533.5 M 99,572
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $355.0 M 87,151
PHO Water Resource Portfolio 19.69 $927.5 M 99,023
MVV Ultra MidCap400 19.60 $271.2 M 453,772
IJH Core S&P Mid-Cap ETF 19.60 $24,214.9 M 1,646,311
JKJ iShares Morningstar Small-Cap ETF 19.46 $213.3 M 5,386
VBK Small-Cap Growth ETF 19.46 $4,017.2 M 129,115
IHI iShares U.S. Medical Devices ETF 19.41 $895.8 M 93,888
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $37.5 M 12,692
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $92.6 M 17,695
IWM iShares Russell 2000 ETF 19.31 $30,515.2 M 46,134,406
UWM Ultra Russell2000 19.30 $278.7 M 474,403
VHT Health Care ETF 19.19 $4,318.7 M 369,645
RYH S&P Equal Weight Health Care ETF 19.18 $477.3 M 44,860
CSD Spin-Off ETF 19.17 $262.3 M 68,269
PUI DWA Utilities Momentum 19.16 $42.5 M 6,838
IVOO S&P Mid-Cap 400 ETF 19.14 $358.0 M 18,858
XLY Consumer Discretionary Select Sector SPDR 19.12 $8,156.1 M 7,503,489
CNDA IQ Canada Small Cap ETF 19.11 $11.2 M 3,800
XRT SPDR S&P Retail ETF 19.11 $1,590.1 M 2,645,945
FTC Large Cap Growth AlphaDEX Fund 19.11 $487.4 M 91,674
VTWO Russell 2000 ETF 19.11 $470.8 M 80,700
SCHA U.S. Small-Cap ETF 19.09 $2,267.3 M 246,212
PSCF S&P SmallCap Financials Portfolio 19.05 $115.5 M 8,209