100 Equity ETFs with the Lowest 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 lowest P/E ratios. You may also wish to peruse our list of the 100 equity ETFs with the highest 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
PSP Listed Private Equity 3.86 $567.3 M 480,489
RSXJ Market Vectors Russia Small-Cap ETF 4.85 $69.6 M 54,329
ERUS iShares MSCI Russia Capped ETF 4.99 $268.1 M 348,368
ESR iShares MSCI Emerging Markets Eastern Europe ETF 5.85 $180.3 M 51,333
FXN Energy AlphaDEX Fund 5.97 $308.0 M 489,839
SCIF India Small-Cap Index ETF 6.12 $282.2 M 137,418
CHIX China Financials ETF 6.75 $47.5 M 22,948
EGPT Egypt Index ETF 7.11 $70.2 M 27,217
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $16.4 M 2,263
FXI iShares China Large-Cap ETF 8.32 $5,504.9 M 20,015,844
PUW WilderHill Progressive Energy Portfolio 8.59 $35.8 M 5,194
EEME MSCI Emerging Markets EMEA Index Fund 8.62 $9.8 M 1,324
CHIM China Materials ETF 8.63 $2.9 M 8,998
FCHI FTSE China (HK Listed) Index Fund 8.96 $29.6 M 4,119
GDXJ Market Vectors Junior Gold Miners ETF 9.16 $1,856.7 M 13,909,651
BKF MSCI BRIC Index Fund 9.20 $339.7 M 103,253
MCHI iShares MSCI China ETF 9.32 $1,215.6 M 518,032
RPV S&P 500 Pure Value ETF 9.33 $1,302.0 M 312,929
GXC SPDR S&P China ETF 9.47 $964.0 M 131,314
BIK SPDR S&P BRIC 40 9.48 $142.4 M 68,547
TUR MSCI Turkey ETF 9.57 $464.8 M 333,159
ECNS iShares MSCI China Small-Cap ETF 9.62 $33.6 M 7,765
AIA iShares Asia 50 ETF 9.67 $319.3 M 28,221
DEM Emerging Markets Equity Income Fund 9.69 $3,084.6 M 489,506
YAO China All-Cap ETF 9.77 $51.9 M 18,605
EWY iShares MSCI South Korea Capped ETF 9.90 $4,372.2 M 2,556,829
EDIV SPDR S&P Emerging Markets Dividend ETF 9.91 $451.9 M 116,905
AFK Market Vectors-Africa Index ETF 9.96 $109.0 M 35,229
RWW Financials Sector Fund 9.99 $34.4 M 4,095
FCA China AlphaDEX Fund 10.07 $13.5 M 15,406
KBWD KBW High Dividend Yield Financial Portfolio 10.10 $281.8 M 60,377
GULF Middle East Dividend ETF 10.10 $55.4 M 38,158
GUR SPDR S&P Emerging Europe ETF 10.13 $60.9 M 17,732
CHII China Industrials ETF 10.15 $5.9 M 8,828
FXO Financials AlphaDEX Fund 10.22 $644.3 M 610,268
FILL iShares MSCI Global Energy Producers ETF 10.27 $7.2 M 3,971
RYF S&P Equal Weight Financial ETF 10.36 $148.5 M 61,847
RSX Market Vectors Russia ETF 10.42 $2,086.3 M 8,396,723
KBWP KBW Property & Casualty Insurance Portfolio 10.52 $10.5 M 2,265
IPW SPDR S&P International Energy Sector ETF 10.74 $15.2 M 7,977
FEM Emerging Markets AlphaDEX Fund 10.74 $546.4 M 397,148
VNM Market Vectors Vietnam ETF 10.76 $538.2 M 348,338
EPI India Earnings Fund 10.78 $2,284.6 M 4,523,500
JKI iShares Morningstar Mid-Cap Value ETF 10.84 $223.3 M 9,106
THD MSCI Thailand Capped ETF 10.88 $541.5 M 238,268
SPHB S&P 500 High Beta Portfolio 10.95 $240.4 M 166,067
CHIE China Energy ETF 10.95 $3.5 M 6,575
EEM iShares MSCI Emerging Markets ETF 11.01 $36,063.3 M 62,089,043
RTR ADR Fund 11.10 $22.6 M 6,176
FDD STOXX European Select Dividend Index Fund 11.14 $164.4 M 141,935
SEA Shipping ETF 11.15 $75.7 M 50,392
HAO China Small Cap ETF 11.16 $216.0 M 87,674
PFI DWA Financial Momentum 11.31 $43.8 M 10,739
CARZ NASDAQ Global Auto Index Fund 11.34 $47.1 M 22,935
DGS Emerging Market SmallCap Fund 11.42 $1,772.9 M 195,656
FKO South Korea AlphaDEX Fund 11.44 $3.7 M 2,645
CVY Multi-Asset Income ETF 11.49 $1,191.2 M 240,927
BICK BICK Index Fund 11.51 $17.6 M 1,802
EIS iShares MSCI Israel Capped ETF 11.61 $131.1 M 32,120
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.62 $5.8 M 2,269
FTA Large Cap Value AlphaDEX Fund 11.63 $1,274.1 M 199,244
PWV Dynamic LargeCap Value 11.64 $962.4 M 130,211
VWO Emerging Markets ETF 11.71 $47,016.7 M 11,883,506
EWU iShares MSCI United Kingdom ETF 11.73 $3,076.3 M 3,342,123
RKH Market Vectors Bank and Brokerage ETF 11.73 $15.7 M 1,608
XLF Financial Select Sector SPDR 11.81 $18,290.6 M 37,973,684
FCG ISE-Revere Natural Gas Index Fund 11.81 $349.7 M 696,573
AAXJ MSCI All Country Asia ex Japan Index Fund 11.82 $2,712.4 M 664,820
IXG iShares Global Financials ETF 11.82 $310.7 M 62,326
EUFN MSCI Europe Financials Sector Index Fund 11.87 $402.1 M 315,295
AXUT iShares MSCI ACWI ex U.S. Utilities ETF 11.88 $6.8 M 2,675
GMF SPDR S&P Emerging Asia Pacific ETF 11.92 $694.5 M 102,644
PZI Zacks Micro Cap 11.95 $30.3 M 7,720
ADRA BLDRS Asia 50 ADR Index Fund 11.97 $26.2 M 3,864
ADRE BLDRS Emerging Markets 50 ADR Index Fund 11.97 $213.6 M 23,947
FGD DJ Global Select Dividend Index Fund 11.99 $554.0 M 115,438
EWX SPDR S&P Emerging Markets Small Cap ETF 12.03 $506.7 M 92,458