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 $673.4 M 495,206
RSXJ Market Vectors Russia Small-Cap ETF 4.85 $52.4 M 62,747
ERUS iShares MSCI Russia Capped ETF 4.99 $288.4 M 479,427
ESR iShares MSCI Emerging Markets Eastern Europe ETF 5.85 $150.7 M 33,622
FXN Energy AlphaDEX Fund 5.97 $835.8 M 475,013
SCIF India Small-Cap Index ETF 6.12 $386.1 M 315,219
CHIX China Financials ETF 6.75 $18.9 M 24,641
EGPT Egypt Index ETF 7.11 $69.2 M 14,295
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $17.5 M 6,341
FXI iShares China Large-Cap ETF 8.32 $5,255.4 M 15,215,612
PUW WilderHill Progressive Energy Portfolio 8.59 $46.2 M 5,995
EEME MSCI Emerging Markets EMEA Index Fund 8.62 $10.6 M 2,081
CHIM China Materials ETF 8.63 $2.4 M 1,294
FCHI FTSE China (HK Listed) Index Fund 8.96 $30.5 M 1,661
GDXJ Market Vectors Junior Gold Miners ETF 9.16 $2,547.9 M 6,297,742
BKF MSCI BRIC Index Fund 9.20 $381.3 M 87,819
MCHI iShares MSCI China ETF 9.32 $990.9 M 288,786
RPV S&P 500 Pure Value ETF 9.33 $1,205.5 M 254,514
GXC SPDR S&P China ETF 9.47 $910.0 M 87,630
BIK SPDR S&P BRIC 40 9.48 $171.9 M 69,431
EMFN MSCI Emerging Markets Financials Sector Index Fund 9.54 $6.7 M 2,126
TUR MSCI Turkey ETF 9.57 $592.8 M 306,497
ECNS iShares MSCI China Small-Cap ETF 9.62 $33.3 M 6,233
AIA iShares Asia 50 ETF 9.67 $289.3 M 18,803
DEM Emerging Markets Equity Income Fund 9.69 $3,958.5 M 342,684
GGGG Pure Gold Miners ETF 9.74 $5.9 M 6,002
YAO China All-Cap ETF 9.77 $54.3 M 8,702
EWY iShares MSCI South Korea Capped ETF 9.90 $4,577.4 M 1,705,464
EDIV SPDR S&P Emerging Markets Dividend ETF 9.91 $523.9 M 53,814
AFK Market Vectors-Africa Index ETF 9.96 $130.8 M 40,416
RWW Financials Sector Fund 9.99 $32.5 M 2,427
FCA China AlphaDEX Fund 10.07 $5.9 M 3,020
KBWD KBW High Dividend Yield Financial Portfolio 10.10 $253.9 M 53,364
GULF Middle East Dividend ETF 10.10 $57.9 M 75,094
GUR SPDR S&P Emerging Europe ETF 10.13 $87.7 M 41,867
CHII China Industrials ETF 10.15 $3.2 M 1,263
FXO Financials AlphaDEX Fund 10.22 $921.3 M 479,148
FILL iShares MSCI Global Energy Producers ETF 10.27 $8.5 M 4,587
RYF S&P Equal Weight Financial ETF 10.36 $100.2 M 32,217
RSX Market Vectors Russia ETF 10.42 $1,433.4 M 6,101,560
KBWP KBW Property & Casualty Insurance Portfolio 10.52 $9.5 M 1,487
UGEM Utilities GEMS ETF 10.68 $0.8 M 4,958
FEM Emerging Markets AlphaDEX Fund 10.74 $498.0 M 129,955
IPW SPDR S&P International Energy Sector ETF 10.74 $22.6 M 10,950
VNM Market Vectors Vietnam ETF 10.76 $579.4 M 371,828
EPI India Earnings Fund 10.78 $1,752.5 M 4,350,522
AGEM GEMS Composite ETF 10.78 $11.3 M 8,445
JKI iShares Morningstar Mid-Cap Value ETF 10.84 $226.7 M 11,372
THD MSCI Thailand Capped ETF 10.88 $564.4 M 214,219
SPHB S&P 500 High Beta Portfolio 10.95 $302.1 M 150,541
CHIE China Energy ETF 10.95 $4.0 M 1,155
EEM iShares MSCI Emerging Markets ETF 11.01 $42,691.5 M 41,533,809
AXEN iShares MSCI ACWI ex U.S. Energy ETF 11.09 $5.2 M 3,715
RTR ADR Fund 11.10 $23.0 M 1,373
FDD STOXX European Select Dividend Index Fund 11.14 $177.6 M 110,945
SEA Shipping ETF 11.15 $114.6 M 27,197
HAO China Small Cap ETF 11.16 $218.7 M 76,789
PFI DWA Financial Momentum 11.31 $34.3 M 5,855
CARZ NASDAQ Global Auto Index Fund 11.34 $60.6 M 10,528
DGS Emerging Market SmallCap Fund 11.42 $1,940.9 M 127,255
FKO South Korea AlphaDEX Fund 11.44 $4.1 M 3,875
CVY Multi-Asset Income ETF 11.49 $1,257.8 M 165,497
BICK BICK Index Fund 11.51 $19.2 M 2,560
EIS iShares MSCI Israel Capped ETF 11.61 $133.5 M 32,431
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.62 $6.1 M 3,559
FTA Large Cap Value AlphaDEX Fund 11.63 $1,039.0 M 141,497
PWV Dynamic LargeCap Value 11.64 $868.1 M 83,900
VWO Emerging Markets ETF 11.71 $48,989.4 M 10,737,412
RKH Market Vectors Bank and Brokerage ETF 11.73 $15.9 M 762
EWU iShares MSCI United Kingdom ETF 11.73 $4,326.4 M 1,994,623
FCG ISE-Revere Natural Gas Index Fund 11.81 $536.3 M 438,941
XLF Financial Select Sector SPDR 11.81 $18,046.3 M 26,330,900
IXG iShares Global Financials ETF 11.82 $306.0 M 36,406
AAXJ MSCI All Country Asia ex Japan Index Fund 11.82 $2,612.6 M 416,877
EUFN MSCI Europe Financials Sector Index Fund 11.87 $471.5 M 216,822
AXUT iShares MSCI ACWI ex U.S. Utilities ETF 11.88 $6.8 M 2,675
AXFN MSCI ACWI ex US Financials Sector Index Fund 11.89 $5.0 M 1,618
GMF SPDR S&P Emerging Asia Pacific ETF 11.92 $503.9 M 43,933
PZI Zacks Micro Cap 11.95 $57.4 M 17,473
ADRE BLDRS Emerging Markets 50 ADR Index Fund 11.97 $219.0 M 11,581
ADRA BLDRS Asia 50 ADR Index Fund 11.97 $28.4 M 5,515
FGD DJ Global Select Dividend Index Fund 11.99 $602.1 M 96,162
EWX SPDR S&P Emerging Markets Small Cap ETF 12.03 $649.2 M 103,272