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 $7.9 M 4,640
RSXJ Market Vectors Russia Small-Cap ETF 5.26 $52.5 M 51,548
ERUS iShares MSCI Russia Capped ETF 5.63 $293.2 M 478,102
RBL SPDR S&P Russia ETF 5.75 $32.7 M 19,551
RSX Market Vectors Russia ETF 6.48 $2,292.6 M 13,043,729
ESR iShares MSCI Emerging Markets Eastern Europe ETF 7.06 $30.8 M 42,014
FEMS Emerging Markets Small Cap AlphaDEX Fund 7.43 $44.2 M 19,172
FCA China AlphaDEX Fund 7.59 $37.1 M 15,949
CHIX China Financials ETF 7.84 $115.0 M 95,280
GUR SPDR S&P Emerging Europe ETF 8.04 $59.3 M 18,095
DEM Emerging Markets Equity Income Fund 8.96 $2,396.8 M 337,445
EMEY MSCI Emerging Markets Energy Sector Capped Index Fund 9.35 $3.1 M 1,381
FEM Emerging Markets AlphaDEX Fund 9.44 $404.5 M 183,345
NGE Global X Nigeria Index ETF 9.45 $33.4 M 55,014
FNDE Fundamental Emerging Markets Large Company Index ETF 9.58 $244.4 M 131,755
PXH FTSE RAFI Emerging Markets Portfolio 9.59 $433.0 M 223,837
BIK SPDR S&P BRIC 40 9.63 $120.6 M 31,038
FKO South Korea AlphaDEX Fund 9.68 $2.7 M 1,043
ECNS iShares MSCI China Small-Cap ETF 9.71 $47.7 M 19,006
QKOR MSCI South Korea Quality Mix ETF 9.72 $2.8 M 189
EIS iShares MSCI Israel Capped ETF 9.73 $132.2 M 43,458
HAO China Small Cap ETF 9.95 $289.8 M 191,526
QDEM MSCI Emerging Markets Quality Dividend ETF 10.02 $5.2 M 652
TUR MSCI Turkey ETF 10.07 $511.7 M 409,560
CARZ NASDAQ Global Auto Index Fund 10.09 $35.5 M 4,895
DBKO db X-trackers MSCI South Korea Hedged Equity Fund 10.10 $138.5 M 528,132
EDOG Emerging Sector Dividend Dogs ETF 10.11 $12.8 M 3,798
EVAL MSCI Emerging Markets Value Index Fund 10.16 $25.2 M 2,070
EWY iShares MSCI South Korea Capped ETF 10.23 $4,274.8 M 2,505,911
BRF Market Vectors Brazil Small-Cap ETF 10.30 $101.2 M 72,060
CHIM China Materials ETF 10.37 $5.9 M 6,764
GVAL Cambria Global Value ETF 10.37 $86.7 M 45,238
EWZS iShares MSCI Brazil Small-Cap ETF 10.41 $35.6 M 80,998
MCHI iShares MSCI China ETF 10.44 $2,463.6 M 991,442
EMFT SPDR MSCI EM 50 ETF 10.45 $2.5 M 744
DXJF Japan Hedged Financials Fund 10.49 $16.4 M 12,721
HKOR Korea KOSPI 200 ETF 10.49 $3.6 M 1,181
YAO China All-Cap ETF 10.67 $56.0 M 15,162
FDTS Developed Markets ex-US Small Cap AlphaDEX Fund 10.72 $7.2 M 985
YINN Daily China Bull 3x Shares 10.73 $184.1 M 311,782
EEB BRIC ETF 10.84 $131.6 M 14,854
FXI iShares China Large-Cap ETF 10.85 $7,555.6 M 19,602,039
FCHI FTSE China (HK Listed) Index Fund 10.90 $37.8 M 4,553
GXC SPDR S&P China ETF 10.91 $1,395.0 M 183,578
DVYE iShares Emerging Markets Dividend ETF 10.94 $234.8 M 51,503
EEHB S&P Emerging Markets High Beta Portfolio 11.04 $5.7 M 10,575
MES Market Vectors Gulf States Index ETF 11.07 $17.1 M 4,902
EDIV SPDR S&P Emerging Markets Dividend ETF 11.11 $453.1 M 61,306
SDIV SuperDividend ETF 11.12 $1,077.5 M 213,720
SEA Shipping ETF 11.15 $71.9 M 35,215
EEME MSCI Emerging Markets EMEA Index Fund 11.17 $9.3 M 1,400
ENOR MSCI Norway Capped Investable Market Index Fund 11.22 $28.4 M 15,365
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.24 $6.4 M 2,815
FM MSCI Frontier 100 Index Fund 11.27 $592.4 M 162,035
BIZD Market Vectors BDC Income ETF 11.28 $80.4 M 36,995
GREK FTSE Greece 20 ETF 11.39 $314.5 M 847,728
EWX SPDR S&P Emerging Markets Small Cap ETF 11.47 $497.0 M 96,918
BRAF Brazil Financials ETF 11.49 $1.2 M 2,781
BKF MSCI BRIC Index Fund 11.51 $291.7 M 61,882
KBWD KBW High Dividend Yield Financial Portfolio 11.53 $337.1 M 87,643
EEMS iShares MSCI Emerging Markets Small-Cap ETF 11.58 $81.5 M 14,998
NORW FTSE Norway 30 ETF 11.62 $99.1 M 92,215
IAK iShares U.S. Insurance ETF 11.67 $116.2 M 18,737
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 $237.3 M 11,822
KBWI KBW Insurance Portfolio 11.70 $7.1 M 429
RKH Market Vectors Bank and Brokerage ETF 11.73 $15.7 M 2,249
AIA iShares Asia 50 ETF 11.75 $443.8 M 31,531
FTW Taiwan AlphaDEX Fund 11.76 $14.1 M 14,994
UAE MSCI UAE Capped ETF 11.83 $38.4 M 13,620
IEMG Core MSCI Emerging Markets ETF 11.83 $7,953.6 M 2,137,920
QAT MSCI Qatar Capped ETF 11.87 $52.1 M 14,149
EGPT Egypt Index ETF 12.05 $58.5 M 9,655
HILO Low Volatility Emerging Markets Dividend ETF 12.11 $26.7 M 7,335
SCIN India Small Cap ETF 12.12 $27.2 M 22,725
DBEM MSCI Emerging Markets Equity Fund 12.19 $248.2 M 159,737
CN Harvest MSCI All China Equity Fund 12.23 $16.1 M 4,977