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 38,277
FDN DJ Internet Index Fund 36.85 $1,648.1 M 291,821
PBW WilderHill Clean Energy Portfolio 33.63 $155.9 M 185,430
BBH Market Vectors Biotech ETF 30.23 $528.7 M 88,480
XBI SPDR S&P Biotech ETF 29.64 $1,304.8 M 392,727
QCLN NASDAQ Clean Edge Green Energy Index Fund 29.26 $108.0 M 90,300
FBT NYSE Arca Biotechnology Index Fund 28.97 $1,512.2 M 139,259
JKK iShares Morningstar Small-Cap Growth ETF 28.42 $116.1 M 2,998
PSJ Dynamic Software 28.37 $45.6 M 2,500
IBB Nasdaq Biotechnology 27.89 $5,676.5 M 1,259,814
XSW SPDR S&P Software & Services ETF 26.50 $25.1 M 2,033
JKH iShares Morningstar Mid-Cap Growth ETF 26.42 $192.0 M 2,898
PSCH S&P SmallCap Health Care Portfolio 26.11 $150.9 M 11,039
PBE Dynamic Biotech &Genome 25.61 $389.0 M 48,500
AMLP Alerian MLP ETF 25.38 $9,156.7 M 3,890,165
XSD SPDR S&P Semiconductor ETF 25.26 $142.7 M 101,291
PSCT S&P SmallCap Information Technology Portfolio 25.21 $214.6 M 22,635
XTL SPDR S&P Telecom ETF 25.05 $18.2 M 9,498
FYC Small Cap Growth AlphaDEX Fund 24.75 $36.1 M 14,815
LTL Ultra Telecommunications ProShares 24.58 $2.1 M 269
IYZ iShares U.S. Telecommunications ETF 24.58 $580.6 M 249,900
IGV iShares North American Tech-Software ETF 24.53 $1,022.1 M 108,456
PXQ Dynamic Networking 24.45 $25.8 M 2,297
RZG S&P Smallcap 600 Pure Growth 23.69 $95.1 M 6,864
EVX Market Vectors Environmental Services ETF 23.63 $18.8 M 985
AADR WCM/BNY Mellon Focused Growth ADR ETF 23.58 $13.4 M 3,942
VTWG Russell 2000 Growth ETF 23.34 $92.3 M 8,764
VIOG S&P Small-Cap 600 Growth ETF 23.09 $57.0 M 6,262
UKK Ultra Russell2000 Growth 23.06 $12.5 M 952
IWO iShares Russell 2000 Growth ETF 23.05 $5,638.0 M 1,172,909
SLYG SPDR S&P 600 Small Cap Growth ETF 23.01 $364.6 M 8,029
XHE SPDR S&P Health Care Equipment ETF 23.01 $33.8 M 3,344
IJT iShares S&P Small-Cap 600 Growth ETF 23.01 $2,501.5 M 101,668
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.09 $167.6 M 6,542
IJK iShares U.S. Consumer Goods ETF 22.08 $4,271.0 M 120,794
ECON EGShares Emerging Markets Consumer 22.03 $1,237.3 M 163,447
XME SPDR S&P Metals & Mining ETF 21.78 $448.5 M 2,013,244
PSCM S&P SmallCap Materials Portfolio 21.77 $58.4 M 12,641
PDP DWA Technical Leaders Portfolio 21.71 $1,259.1 M 209,033
URA Uranium ETF 21.68 $214.6 M 272,386
FNY Mid Cap Growth AlphaDEX Fund 21.46 $46.0 M 15,427
PZD Cleantech Portfolio 21.27 $68.0 M 7,183
IVOG S&P Mid-Cap 400 Growth ETF 21.12 $269.3 M 9,058
GEX Market Vectors Global Alternative Energy ETF 21.00 $85.9 M 13,408
PSI Dynamic Semiconductors 20.86 $26.6 M 24,735
UKW Ultra Russell MidCap Growth 20.83 $9.6 M 374
PBD Global Clean Energy Portfolio 20.82 $72.5 M 68,467
IWP iShares Russell Mid-Cap Growth ETF 20.79 $4,707.3 M 280,174
FAD Multi Cap Growth AlphaDEX Fund 20.73 $65.2 M 11,588
EIRL iShares MSCI Ireland Capped ETF 20.69 $103.6 M 64,933
VIOO S&P Small-Cap 600 ETF 20.68 $148.7 M 8,826
SLY SPDR S&P 600 Small Cap ETF 20.67 $308.6 M 25,414
IJR Core S&P Small-Cap ETF 20.67 $12,575.1 M 706,120
SAA Ultra SmallCap600 20.66 $20.8 M 1,195
RBL SPDR S&P Russia ETF 20.47 $22.1 M 10,923
JKE iShares Morningstar Large-Cap Value ETF 20.43 $554.2 M 22,536
BRAQ Brazil Consumer ETF 20.40 $9.8 M 4,502
FIW ISE Water Index Fund 20.25 $182.2 M 36,771
RFG S&P Midcap 400 Pure Growth 20.23 $697.6 M 29,155
PWB Dynamic LargeCap Growth 20.14 $263.7 M 31,879
PSCE S&P SmallCap Energy Portfolio 20.13 $34.5 M 13,859
PJP Dynamic Pharmaceuticals 20.01 $1,259.9 M 131,711
ENY Canadian Energy Income ETF 19.99 $36.8 M 24,905
XPH SPDR S&P Pharmaceuticals ETF 19.92 $951.2 M 74,885
QQXT NASDAQ-100 Ex-Technology Sector Index 19.91 $87.4 M 14,615
QQEW NASDAQ-100 Equal Weighted Index Fund 19.86 $402.9 M 86,798
FPX IPOX-100 Index Fund 19.79 $479.0 M 90,641
QTEC NASDAQ-100-Technology Sector Index Fund 19.78 $257.1 M 63,788
PHO Water Resource Portfolio 19.69 $899.7 M 100,303
IJH Core S&P Mid-Cap ETF 19.60 $20,250.8 M 1,715,377
MVV Ultra MidCap400 19.60 $157.0 M 721,852
VBK Small-Cap Growth ETF 19.46 $3,499.7 M 116,105
JKJ iShares Morningstar Small-Cap ETF 19.46 $195.0 M 4,185
IHI iShares U.S. Medical Devices ETF 19.41 $707.8 M 68,273
PSCC S&P SmallCap Consumer Staples Portfolio 19.33 $17.8 M 7,842
PSCD S&P SmallCap Consumer Discretionary Portfolio 19.32 $103.8 M 13,920
IWM iShares Russell 2000 ETF 19.31 $24,603.7 M 41,925,684
UWM Ultra Russell2000 19.30 $168.2 M 643,091
VHT Health Care ETF 19.19 $3,446.7 M 255,262
RYH S&P Equal Weight Health Care ETF 19.18 $333.2 M 40,750
CSD Spin-Off ETF 19.17 $538.9 M 78,930
PUI DWA Utilities Momentum 19.16 $39.7 M 5,909
IVOO S&P Mid-Cap 400 ETF 19.14 $331.2 M 16,635
XLY Consumer Discretionary Select Sector SPDR 19.12 $5,764.4 M 6,165,309
XRT SPDR S&P Retail ETF 19.11 $678.1 M 2,022,920
FTC Large Cap Growth AlphaDEX Fund 19.11 $397.8 M 92,992
CNDA IQ Canada Small Cap ETF 19.11 $14.5 M 6,402
VTWO Russell 2000 ETF 19.11 $364.7 M 60,558
SCHA U.S. Small-Cap ETF 19.09 $1,947.1 M 211,805
VGEM Consumer Services GEMS ETF 19.08 $1.1 M 5,538
PSCF S&P SmallCap Financials Portfolio 19.05 $104.4 M 6,252