100 Non-Leveraged 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, excluding leveraged and inverse products. You may also wish to peruse our list of the 100 equity ETFs with the lowest P/E ratios.

To include leveraged and inverse ETFs in this list, click here.

Symbol	Name	P/E Ratio	AUM	Avg Daily Share Volume (3mo)
ORBX	Global X Space Tech ETF	301.67	$53,529.20	N/A
WCLD	WisdomTree Cloud Computing Fund	255.26	$250,090.00	1,125,263
WAR	U.S. Global Technology and Aerospace & Defense ETF	131.76	$39,668.80	29,995
WQTM	WisdomTree Quantum Computing Fund	82.33	$278,595.00	273,812
SOXX	iShares Semiconductor ETF	68.62	$43,681,500.00	8,482,142
ILIT	iShares Lithium Miners and Producers ETF	66.80	$21,573.50	36,923
FWD	AB Disruptors ETF	66.32	$2,924,940.00	249,185
NUMG	Nuveen ESG Mid-Cap Growth ETF	65.30	$364,943.00	27,572
HEAL	Global X HealthTech ETF	55.35	$25,762.20	8,875
NUSC	Nuveen ESG Small-Cap ETF	53.65	$1,255,220.00	95,026
PSI	Invesco Semiconductors ETF	52.56	$2,868,270.00	358,074
REMX	VanEck Rare Earth and Strategic Metals ETF	50.69	$2,929,000.00	1,087,411
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	50.23	$56,308.70	25,445
BAI	iShares A.I. Innovation and Tech Active ETF	50.00	$15,340,300.00	3,920,617
TEK	iShares Technology Opportunities Active ETF	47.43	$41,916.60	5,752
SOXQ	Invesco PHLX Semiconductor ETF	47.28	$2,653,060.00	1,952,106
IQM	Franklin Intelligent Machines ETF	47.26	$93,352.80	8,906
BGRO	iShares Large Cap Growth Active ETF	46.96	$9,771.63	914
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	46.49	$624,346.00	191,652
IETC	iShares U.S. Tech Independence Focused ETF	46.10	$811,194.00	53,777
GXDW	Global X Dorsey Wright Thematic ETF	46.09	$7,752.81	5,177
SMH	VanEck Semiconductor ETF	45.02	$72,039,300.00	9,961,252
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	44.97	$238,825.00	16,671
PTF	Invesco Dorsey Wright Technology Momentum ETF	44.73	$735,858.00	99,703
SGRW	Harbor Active Small Cap Growth ETF	44.50	$4,186.00	411
WDAF	WisdomTree Asia Defense Fund	44.45	$23,157.50	18,417
PRN	Invesco Dorsey Wright Industrials Momentum ETF	44.39	$450,012.00	28,975
TEKY	Lazard Next Gen Technologies ETF	44.32	$57,941.00	803
ARTY	iShares Future AI & Tech ETF	44.22	$3,746,950.00	842,351
QTOP	iShares Nasdaq Top 30 Stocks ETF	44.19	$291,800.00	185,580
DAPP	VanEck Digital Transformation ETF	44.10	$377,654.00	1,014,422
IGM	iShares Expanded Tech Sector ETF	43.79	$10,518,200.00	760,355
IYW	iShares U.S. Technology ETF	43.50	$24,328,000.00	1,443,223
BELT	iShares U.S. Select Equity Active ETF	43.05	$9,689.07	2,229
EGUS	iShares ESG Aware MSCI USA Growth ETF	42.96	$25,094.20	2,860
IXN	iShares Global Tech ETF	42.81	$9,103,510.00	417,318
FTXL	First Trust Nasdaq Semiconductor ETF	42.68	$2,672,970.00	234,003
URA	Global X Uranium ETF	42.33	$6,290,860.00	3,984,217
EPAI	Harbor AI Inflection Strategy ETF	42.30	$5,842.00	888
ILCG	iShares Morningstar Growth ETF	41.20	$3,138,460.00	81,498
ILDR	First Trust Innovation Leaders ETF	41.11	$282,308.00	41,178
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	40.74	$447,083.00	29,348
TEC	Harbor Transformative Technologies ETF	40.70	$6,470.00	665
ISMD	Inspire Small/Mid Cap ETF	40.26	$329,052.00	32,434
JXX	Janus Henderson Transformational Growth ETF	40.17	$26,917.80	1,928
CNXT	VanEck ChiNext Innovators ETF	39.51	$134,879.00	111,143
IWY	iShares Russell Top 200 Growth ETF	39.47	$16,561,800.00	477,438
IWF	iShares Russell 1000 Growth ETF	39.28	$125,491,000.00	7,148,437
QGRW	WisdomTree U.S. Quality Growth Fund	39.19	$2,515,030.00	350,223
FMED	Fidelity Disruptive Medicine ETF	38.97	$41,586.10	16,385
GTOP	Goldman Sachs Technology Opportunities ETF	38.91	$724,929.00	15,383
AFOS	ARS Focused Opportunity Strategy ETF	38.80	$300,306.00	13,954
DGIN	VanEck Digital India ETF	38.67	$15,455.60	3,569
NULG	Nuveen ESG Large-Cap Growth ETF	38.58	$2,672,920.00	94,948
QTEC	First Trust NASDAQ-100 Technology Sector Index Fund	38.11	$3,805,920.00	211,112
ITA	iShares U.S. Aerospace & Defense ETF	37.97	$13,819,300.00	952,218
PWB	Invesco Large Cap Growth ETF	37.93	$2,235,390.00	89,629
CQQQ	Invesco China Technology ETF	37.87	$3,062,840.00	1,205,922
FDG	American Century Focused Dynamic Growth ETF	37.80	$390,955.00	21,600
AFGR	First Trust Active Factor Large Cap Growth ETF	37.73	$90,377.60	5,202
CTEC	Global X ClimateTech ETF	37.61	$29,144.00	4,514
GARP	iShares MSCI USA Quality GARP ETF	37.41	$2,328,730.00	260,912
MTUM	iShares MSCI USA Momentum Factor ETF	37.29	$27,061,800.00	1,120,248
SEMI	Columbia Select Technology ETF	36.96	$37,588.00	15,251
JHAI	Janus Henderson Global Artificial Intelligence ETF	36.89	$24,947.20	5,892
IVW	iShares S&P 500 Growth ETF	36.82	$73,311,300.00	3,226,519
QBIG	Invesco Top QQQ ETF	36.41	$33,475.00	6,965
IGV	iShares Expanded Tech-Software Sector ETF	36.41	$13,933,600.00	22,232,900
IUSG	iShares Core S&P U.S. Growth ETF	36.39	$31,453,700.00	832,769
FAI	First Trust Bloomberg Artificial Intelligence ETF	36.28	$91,505.90	26,565
GSGO	Goldman Sachs Growth Opportunities ETF	36.22	$169,842.00	8,580
BLCR	iShares Large Cap Core Active ETF	36.17	$6,138,420.00	927,258
FPRO	Fidelity Real Estate Investment ETF	36.17	$17,123.90	3,657
TPAY	Roundhill S&P 500 Target 10 Managed Distribution ETF	36.14	$1,597.02	2,518
MISL	First Trust Indxx Aerospace & Defense ETF	36.10	$807,774.00	472,868
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	36.03	$1,761,620.00	55,269
VUSG	Vanguard Wellington U.S. Growth Active ETF	36.00	$29,412.60	16,680
IMCG	iShares Morningstar Mid-Cap Growth ETF	36.00	$3,824,290.00	120,743
CAML	Congress Large Cap Growth ETF	35.94	$378,975.00	29,822
LRGE	ClearBridge Large Cap Growth Select ETF	35.81	$429,511.00	14,652
TOPT	iShares Top 20 U.S. Stocks ETF	35.75	$640,444.00	370,603
RND	First Trust Bloomberg R&D Leaders ETF	35.72	$4,675.26	1,628
GFLW	VictoryShares Free Cash Flow Growth ETF	35.68	$816,504.00	181,920
FMAG	Fidelity Magellan ETF	35.56	$252,640.00	22,437
MGK	Vanguard Mega Cap Growth ETF	35.40	$32,923,500.00	1,897,425
TECB	iShares U.S. Tech Breakthrough Multisector ETF	35.37	$465,514.00	16,037
VGT	Vanguard Information Technology ETF	35.30	$142,673,000.00	4,866,683
VUG	Vanguard Growth ETF	35.20	$221,172,000.00	8,236,860
XPND	First Trust Expanded Technology ETF	35.02	$42,367.60	11,663
XT	iShares Future Exponential Technologies ETF	34.93	$3,893,590.00	120,018
MID	American Century Mid Cap Growth Impact	34.87	$6,387.00	3,251
TRFM	AAM Transformers ETF	34.81	$220,927.00	28,803
NUGO	Nuveen Growth Opportunities ETF	34.81	$2,682,240.00	116,688
PSCT	Invesco S&P SmallCap Information Technology ETF	34.67	$547,217.00	36,355
IWP	iShares Russell Mid-Cap Growth ETF	34.53	$20,356,300.00	894,100
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	34.50	$842,249.00	189,375
AGRW	Allspring LT Large Growth ETF	34.48	$109,263.00	1,169
VOT	Vanguard Mid-Cap Growth ETF	34.40	$19,484,600.00	221,665
FTC	First Trust Large Cap Growth AlphaDEX Fund	34.40	$1,363,570.00	17,062
FLCG	Federated Hermes MDT Large Cap Growth ETF	34.30	$550,449.00	81,963

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