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
IDXJ Market Vectors Indonesia Small-Cap ETF 4.00 $7.6 M 5,731
RSXJ Market Vectors Russia Small-Cap ETF 5.26 $54.1 M 51,111
ERUS iShares MSCI Russia Capped ETF 5.63 $294.9 M 520,006
RBL SPDR S&P Russia ETF 5.75 $33.3 M 27,464
RSX Market Vectors Russia ETF 6.48 $2,327.7 M 16,919,041
ESR iShares MSCI Emerging Markets Eastern Europe ETF 7.06 $26.6 M 56,998
FEMS Emerging Markets Small Cap AlphaDEX Fund 7.43 $34.6 M 16,280
FCA China AlphaDEX Fund 7.59 $27.6 M 8,145
CHIX China Financials ETF 7.84 $114.2 M 91,344
GUR SPDR S&P Emerging Europe ETF 8.04 $54.5 M 17,367
DEM Emerging Markets Equity Income Fund 8.96 $2,393.3 M 420,014
EMEY MSCI Emerging Markets Energy Sector Capped Index Fund 9.35 $3.2 M 1,211
FEM Emerging Markets AlphaDEX Fund 9.44 $418.0 M 265,853
NGE Global X Nigeria Index ETF 9.45 $31.9 M 67,930
FNDE Fundamental Emerging Markets Large Company Index ETF 9.58 $197.8 M 98,383
PXH FTSE RAFI Emerging Markets Portfolio 9.59 $437.6 M 248,150
BIK SPDR S&P BRIC 40 9.63 $123.8 M 26,056
FKO South Korea AlphaDEX Fund 9.68 $2.7 M 489
ECNS iShares MSCI China Small-Cap ETF 9.71 $44.7 M 14,336
QKOR MSCI South Korea Quality Mix ETF 9.72 $2.9 M 185
EIS iShares MSCI Israel Capped ETF 9.73 $126.0 M 48,653
HAO China Small Cap ETF 9.95 $284.1 M 145,447
QDEM MSCI Emerging Markets Quality Dividend ETF 10.02 $5.3 M 888
TUR MSCI Turkey ETF 10.07 $474.6 M 432,736
CARZ NASDAQ Global Auto Index Fund 10.09 $33.0 M 6,578
DBKO db X-trackers MSCI South Korea Hedged Equity Fund 10.10 $157.4 M 476,775
EDOG Emerging Sector Dividend Dogs ETF 10.11 $12.7 M 4,994
EVAL MSCI Emerging Markets Value Index Fund 10.16 $23.1 M 2,227
EWY iShares MSCI South Korea Capped ETF 10.23 $4,438.9 M 2,575,499
BRF Market Vectors Brazil Small-Cap ETF 10.30 $100.2 M 68,966
CHIM China Materials ETF 10.37 $6.9 M 5,778
GVAL Cambria Global Value ETF 10.37 $77.7 M 44,338
EWZS iShares MSCI Brazil Small-Cap ETF 10.41 $33.6 M 47,138
MCHI iShares MSCI China ETF 10.44 $2,469.9 M 874,963
EMFT SPDR MSCI EM 50 ETF 10.45 $2.6 M 830
DXJF Japan Hedged Financials Fund 10.49 $11.6 M 8,690
HKOR Korea KOSPI 200 ETF 10.49 $3.8 M 1,598
YAO China All-Cap ETF 10.67 $57.4 M 10,214
FDTS Developed Markets ex-US Small Cap AlphaDEX Fund 10.72 $7.1 M 747
YINN Daily China Bull 3x Shares 10.73 $194.3 M 225,761
EEB BRIC ETF 10.84 $134.5 M 18,727
FXI iShares China Large-Cap ETF 10.85 $7,430.9 M 17,794,934
FCHI FTSE China (HK Listed) Index Fund 10.90 $32.6 M 5,705
GXC SPDR S&P China ETF 10.91 $1,358.6 M 166,228
DVYE iShares Emerging Markets Dividend ETF 10.94 $205.5 M 44,589
EEHB S&P Emerging Markets High Beta Portfolio 11.04 $4.5 M 12,845
MES Market Vectors Gulf States Index ETF 11.07 $17.2 M 7,467
EDIV SPDR S&P Emerging Markets Dividend ETF 11.11 $454.4 M 70,095
SDIV SuperDividend ETF 11.12 $1,068.6 M 224,373
SEA Shipping ETF 11.15 $72.9 M 34,011
EEME MSCI Emerging Markets EMEA Index Fund 11.17 $9.1 M 1,291
ENOR MSCI Norway Capped Investable Market Index Fund 11.22 $24.9 M 17,352
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.24 $6.3 M 1,793
FM MSCI Frontier 100 Index Fund 11.27 $597.1 M 194,736
BIZD Market Vectors BDC Income ETF 11.28 $72.9 M 39,744
GREK FTSE Greece 20 ETF 11.39 $234.8 M 960,844
EWX SPDR S&P Emerging Markets Small Cap ETF 11.47 $488.5 M 91,231
BRAF Brazil Financials ETF 11.49 $1.3 M 1,700
BKF MSCI BRIC Index Fund 11.51 $309.2 M 56,388
KBWD KBW High Dividend Yield Financial Portfolio 11.53 $331.3 M 78,658
EEMS iShares MSCI Emerging Markets Small-Cap ETF 11.58 $78.3 M 16,900
NORW FTSE Norway 30 ETF 11.62 $92.1 M 85,922
IAK iShares U.S. Insurance ETF 11.67 $126.5 M 15,306
GMFS SPDR S&P Small Cap Emerging Asia Pacific ETF 11.67 $4.0 M 972
TLTE Morningstar Emerging Markets Factor Tilt Index Fund 11.68 $239.2 M 11,997
KBWI KBW Insurance Portfolio 11.70 $7.0 M 383
RKH Market Vectors Bank and Brokerage ETF 11.73 $15.7 M 2,249
AIA iShares Asia 50 ETF 11.75 $447.9 M 27,920
FTW Taiwan AlphaDEX Fund 11.76 $14.0 M 17,767
UAE MSCI UAE Capped ETF 11.83 $38.6 M 14,413
IEMG Core MSCI Emerging Markets ETF 11.83 $7,873.1 M 2,043,619
QAT MSCI Qatar Capped ETF 11.87 $33.0 M 11,495
EGPT Egypt Index ETF 12.05 $49.6 M 9,630
HILO Low Volatility Emerging Markets Dividend ETF 12.11 $26.7 M 10,542
SCIN India Small Cap ETF 12.12 $28.8 M 21,764
DBEM MSCI Emerging Markets Equity Fund 12.19 $233.4 M 166,942
CN Harvest MSCI All China Equity Fund 12.23 $11.3 M 2,564