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
PBE PowerShares Dynamic Biotechnology & Genome Portfolio ETF 453.14 $264.1 M 42,723
EQWS PowerShares Russell 2000 Equal Weight Portfolio ETF 143.37 $13.0 M 1,214
SIL Silver Miners ETF 132.83 $277.8 M 164,703
SCIN EGShares India Small Cap ETF 75.34 $18.4 M 6,697
PBD PowerShares Global Clean Energy Portfolio ETF 73.23 $58.1 M 10,145
KWEB KraneShares CSI China Internet ETF 64.73 $124.9 M 128,697
SGDM Sprott Gold Miners Exchange Traded Fund 52.27 $178.2 M 120,251
INXX EGShares India Infrastructure ETF 48.49 $40.8 M 16,778
ARKK Ark Innovation ETF 47.94 $7.7 M 1,177
VDE Vanguard Energy ETF 46.80 $3,788.3 M 280,155
PXSV PowerShares Russell 2000 Pure Value Portfolio ETF 42.73 $60.0 M 5,506
PNQI PowerShares NASDAQ Internet Portfolio ETF 41.82 $275.6 M 23,489
PXSG PowerShares Russell 2000 Pure Growth Portfolio ETF 41.35 $27.0 M 2,428
PGJ PowerShares Golden Dragon China Portfolio ETF 41.33 $151.9 M 17,271
ARKW Web X.0 ETF 40.51 $12.9 M 1,052
GDX VanEck Vectors Gold Miners ETF 39.80 $6,579.3 M 87,979,477
VTWG Vanguard Russell 2000 Growth Index Fund ETF 38.90 $142.2 M 4,917
VBK Vanguard Small-Cap Growth ETF 38.70 $4,312.6 M 166,640
PSAU PowerShares Global Gold and Precious Metals Portfolio ETF 37.29 $15.1 M 40,000
HUSE U.S. Equity Rotation Strategy ETF 37.00 $4.7 M 628
PSCH PowerShares S&P SmallCap Health Care Portfolio ETF 36.86 $196.4 M 20,268
URA Uranium ETF 36.46 $113.0 M 86,362
PTF PowerShares DWA Technology Momentum Portfolio ETF 35.84 $162.7 M 38,565
FDN First Trust Dow Jones Internet Index Fund 35.62 $3,119.8 M 440,477
IGV iShares North American Tech-Software ETF 32.76 $743.2 M 258,777
NANR SPDR S&P North American Natural Resources ETF 32.00 $803.4 M 99,822
RING iShares MSCI Global Gold Miners ETF 31.64 $133.9 M 374,888
INCO EGShares India Consumer ETF 31.01 $73.2 M 14,918
IHI iShares U.S. Medical Devices ETF 30.98 $1,111.4 M 112,286
ENY Guggenheim Canadian Energy Income ETF 30.90 $29.4 M 16,917
SLVP iShares MSCI Global Silver Miners ETF 30.84 $44.4 M 139,328
GDXX Ultra Gold Miners ETF 30.37 $7.7 M 17,358
NUGT Direxion Daily Gold Miners Index Bull 3x Shares ETF 30.35 $1,253.0 M 8,298,642
ARKG Genomic Revolution Multi-Sector ETF 30.22 $7.1 M 958
PHO PowerShares Water Resources Portfolio ETF 29.97 $674.2 M 56,240
EWW iShares MSCI Mexico Capped ETF 29.95 $1,194.5 M 2,190,700
DWAQ PowerShares DWA NASDAQ Momentum Portfolio ETF 29.94 $35.6 M 1,455
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 29.89 $36.2 M 53,462
SMIN iShares MSCI India Small-Cap ETF 29.56 $55.1 M 15,846
DWAS PowerShares DWA SmallCap Momentum Portfolio ETF 29.47 $174.6 M 34,114
VTWO Vanguard Russell 2000 ETF 29.40 $516.3 M 36,197
XITK SPDR FactSet Innovative Technology ETF 29.23 $5.4 M 1,059
VXF Vanguard Extended Market ETF 29.20 $3,852.1 M 386,837
WOOD iShares Global Timber & Forestry ETF 29.15 $221.8 M 13,729
SLX VanEck Vectors Steel ETF 28.72 $63.6 M 90,543
VOT Vanguard Mid-Cap Growth ETF 28.70 $3,280.6 M 106,182
IHE iShares U.S. Pharmaceuticals ETF 28.32 $627.7 M 50,243
INDA iShares MSCI India ETF 28.20 $3,536.8 M 1,871,940
JKH iShares Morningstar Mid-Cap Growth ETF 28.14 $202.8 M 3,545
JKK iShares Morningstar Small-Cap Growth ETF 27.44 $112.8 M 1,848
VIOG Vanguard S&P Small-Cap 600 Growth ETF 27.40 $119.3 M 5,262
PXMG PowerShares Russell Midcap Pure Growth Portfolio ETF 27.32 $63.5 M 8,097
VB Vanguard Small-Cap ETF 27.20 $12,420.9 M 544,445
INDY iShares India 50 ETF 27.08 $758.2 M 182,794
FVL First Trust Value Line 100 Exchange-Traded Fund 27.06 $47.8 M 6,425
MTUM iShares MSCI USA Momentum Factor ETF 26.88 $1,267.8 M 239,015
PRFZ PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ETF 26.82 $1,094.2 M 27,822
PJP PowerShares Dynamic Pharmaceuticals Portfolio ETF 26.78 $1,174.2 M 163,571
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund 26.63 $2,074.5 M 537,320
ACWV iShares MSCI All Country World Minimum Volatility ETF 26.54 $2,960.3 M 233,428
FRAK VanEck Vectors Unconventional Oil & Gas ETF 26.38 $45.7 M 34,534
EVX VanEck Vectors Environmental Services ETF 26.36 $16.2 M 613
XLE Energy Select Sector SPDR Fund 25.65 $14,103.1 M 18,405,453
VIOO Vanguard S&P Small-Cap 600 ETF 25.60 $269.1 M 14,168
EZA iShares MSCI South Africa ETF 25.43 $338.3 M 684,831
VHT Vanguard Health Care ETF 25.40 $5,420.8 M 199,272
DXJH WisdomTree Japan Hedged Health Care Fund 25.29 $15.1 M 9,188
DIG Ultra Oil & Gas ETF 25.23 $155.2 M 215,200
KLDW Gavekal Knowledge Leaders Developed World ETF 25.22 $16.7 M 10,048
HECO EcoLogical Strategy ETF 25.20 $6.3 M 335
RPG Guggenheim S&P 500 Pure Growth ETF 24.95 $1,833.3 M 156,515
ARKQ Industrial Innovation ETF 24.94 $14.4 M 1,337
PWB PowerShares Dynamic Large Cap Growth Portfolio ETF 24.87 $441.9 M 72,312
FIW First Trust ISE Water Index Fund 24.84 $139.5 M 27,528
VDC Vanguard Consumer Staples ETF 24.70 $3,165.6 M 133,858
GURU Global X Guru Index ETF 24.66 $91.6 M 51,488
IXN iShares Global Tech ETF 24.58 $756.7 M 27,652
RHS Guggenheim S&P 500 Equal Weight Consumer Staples ETF 24.54 $746.0 M 71,243
ARGT Global X MSCI Argentina ETF 24.45 $82.8 M 82,143
VO Vanguard Mid-Cap ETF 24.40 $13,726.4 M 424,525
YLCO YieldCo Index ETF 24.39 $5.9 M 4,624
EDEN iShares MSCI Denmark Capped ETF 24.38 $105.5 M 57,555
HACK PureFunds ISE Cyber Security ETF 24.29 $709.1 M 197,902
HAKK Direxion Daily Cyber Security & IT Bull 2x Shares ETF 24.21 $1.5 M 1,351
RYH Guggenheim S&P 500 Equal Weight Health Care ETF 24.21 $487.3 M 22,038
EEML iShares MSCI Emerging Markets Latin America ETF 24.15 $7.5 M 4,165
FXH First Trust Health Care AlphaDEX Fund 24.13 $1,162.1 M 713,777
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 24.10 $456.9 M 16,108
FTC First Trust Large Cap Value AlphaDEX Fund 24.02 $626.0 M 95,326
PXLG PowerShares Russell Top 200 Pure Growth Portfolio ETF 23.96 $151.0 M 8,317
PSJ PowerShares Dynamic Software Portfolio ETF 23.95 $77.0 M 6,317
USMV iShares MSCI USA Minimum Volatility ETF 23.94 $13,174.9 M 3,810,240
RFG Guggenheim S&P MidCap 400 Pure Growth ETF 23.94 $615.4 M 15,825
VIOV Vanguard S&P Small-Cap 600 Value ETF 23.90 $113.8 M 4,982
ERX Direxion Daily Energy Bull 3x Shares ETF 23.84 $571.1 M 4,778,060