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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
IYZ iShares U.S. Telecommunications ETF 5.05 $781,850.00 568,355
NGE Global X MSCI Nigeria ETF 6.21 $22,599.00 114,785
CHIX Global X China Financials ETF 6.41 $15,462.50 10,512
RSXJ VanEck Vectors Russia Small-Cap ETF 6.53 $54,817.80 32,975
RSX VanEck Vectors Russia ETF 7.08 $1,699,153.40 11,538,128
ERUS iShares MSCI Russia Capped ETF 7.15 $307,572.00 593,029
MCHI iShares MSCI China ETF 7.58 $1,830,038.00 1,207,017
RBL SPDR S&P Russia ETF 7.64 $23,296.00 5,165
JETS U.S. Global Jets ETF 7.73 $45,305.00 33,863
CARZ First Trust NASDAQ Global Auto Index Fund 7.74 $39,600.10 4,986
SEA Guggenheim Shipping ETF 8.00 $36,301.00 43,825
KBWD PowerShares KBW High Dividend Yield Financial Portfolio ETF 8.36 $197,221.50 40,635
FHK First Trust Hong Kong AlphaDEX Fund 8.45 $7,895.00 1,652
GUR SPDR S&P Emerging Europe ETF 8.50 $36,064.00 53,846
DXJF WisdomTree Japan Hedged Financials Fund 8.69 $10,860.00 11,166
HDRW WisdomTree Global ex-U.S. Hedged Real Estate Fund 8.79 $2,439.00 389
DVYE iShares Emerging Markets Dividend ETF 8.81 $150,742.00 50,869
YINN Direxion Daily FTSE China Bull 3x Shares ETF 8.94 $133,056.00 1,491,957
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 8.96 $60,270.00 26,002
TUR iShares MSCI Turkey ETF 8.97 $358,225.00 388,383
BKF iShares MSCI BRIC ETF 9.01 $164,590.00 21,218
AFTY CSOP FTSE China A50 ETF 9.07 $5,133.40 10,375
QQQC Global X NASDAQ China Technology ETF 9.20 $11,934.00 3,161
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF 9.20 $531,869.00 134,046
FPA First Trust Asia Pacific Ex-Japan AlphaDEX Fund 9.23 $31,889.50 5,763
PAK Global X MSCI Pakistan ETF 9.29 $10,423.00 9,568
GREK The Global X MSCI Greece ETF 9.40 $271,920.00 603,903
EMGF iShares FactorSelect MSCI Emerging ETF 9.51 $28,048.00 12,620
FXI iShares China Large-Cap ETF 9.56 $3,450,660.00 23,809,707
FEM First Trust Emerging Markets AlphaDEX Fund 9.57 $114,420.00 50,257
YAO Guggenheim China All-Cap ETF 9.60 $21,060.00 3,943
VNM VanEck Vectors Vietnam ETF 9.61 $343,635.00 262,657
BBC BioShares Biotechnology Clinical Trials Fund 9.64 $27,600.10 15,377
HDEE Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF 9.65 $2,159.00 193
FBZ First Trust Brazil AlphaDEX Fund 9.66 $3,017.50 2,313
FKO First Trust South Korea AlphaDEX Fund 9.67 $2,331.00 7,115
BRF VanEck Vectors Brazil Small-Cap ETF 9.78 $91,350.00 44,715
BIK SPDR S&P BRIC 40 ETF 9.94 $70,300.00 8,548
FCA First Trust China AlphaDEX Fund 10.01 $3,672.00 8,148
EUFN iShares MSCI Europe Financials ETF 10.05 $312,795.00 352,434
FCFI TrimTabs International Free-Cash-Flow ETF 10.06 $13,191.40 826
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 10.08 $6,606.00 629
SDEM SuperDividend Emerging Markets ETF 10.14 $3,300.00 2,502
PXJ PowerShares Dynamic Oil & Gas Services Portfolio ETF 10.16 $44,229.00 12,154
XES SPDR S&P Oil & Gas Equipment & Services ETF 10.18 $252,577.50 670,191
GXC SPDR S&P China ETF 10.20 $682,902.00 57,100
EWY iShares MSCI South Korea Capped ETF 10.20 $3,262,589.20 2,746,775
IEO iShares U.S. Oil & Gas Exploration & Production ETF 10.21 $422,352.00 185,092
EDIV SPDR S&P Emerging Markets Dividend ETF 10.27 $265,500.00 56,437
QKOR SPDR MSCI Japan Quality Mix ETF 10.29 $2,571.00 10,991
FDT First Trust Developed Markets Ex-US AlphaDEX Fund 10.32 $162,105.90 82,766
EFNL iShares MSCI Finland Capped ETF 10.34 $37,237.00 26,363
KWT VanEck Vectors Solar Energy ETF 10.36 $13,134.00 1,017
GULF WisdomTree Middle East Dividend Fund 10.46 $22,778.00 13,317
EEMA iShares MSCI Emerging Markets Asia ETF 10.49 $122,549.00 8,755
FCOM FIDELITY MSCI TELECOMMUNICATION SERVICES ETF 10.50 $162,015.00 49,317
DBKO Deutsche X-trackers MSCI South Korea Hedged Equity ETF 10.56 $113,288.00 101,780
TAN Guggenheim Solar ETF 10.60 $227,366.70 105,015
DVEM WisdomTree Emerging Markets Dividend Fund 10.60 $2,546.00 N/A
HKOR Horizons Korea KOSPI 200 ETF 10.62 $1,653.20 2,481
KORU Direxion Daily South Korea Bull 3X Shares ETF 10.63 $5,130.00 2,531
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.67 $2,524,761.00 779,700
HAO Guggenheim China Small Cap ETF 10.70 $95,288.00 32,255
IDXJ VanEck Vectors Indonesia Small-Cap ETF 10.73 $5,866.00 2,092
EGPT VanEck Vectors Egypt Index ETF 10.81 $28,345.80 14,912
EMIF iShares Emerging Markets Infrastructure ETF 10.83 $51,376.00 3,528
EEM iShares MSCI Emerging Markets ETF 10.89 $22,769,980.80 67,284,125
AND Global X FTSE Andean 40 ETF 10.91 $3,900.00 2,456
GVAL Cambria Global Value ETF 10.95 $70,559.00 18,625
AIA iShares Asia 50 ETF 10.97 $289,414.00 20,252
IPF SPDR S&P International Financial Sector ETF 11.04 $9,090.00 4,216
CHII Global X China Industrials ETF 11.04 $3,474.00 2,115
MES VanEck Vectors Gulf States Index ETF 11.05 $6,720.00 854
EMFT SPDR MSCI EM 50 ETF 11.05 $2,019.50 857
CRAK VanEck Vectors Oil Refiners ETF 11.14 $3,798.00 3,119
IEMG iShares Enhanced U.S. Large-Cap ETF 11.19 $12,587,256.00 5,748,208
EWZ iShares MSCI Brazil Capped ETF 11.20 $3,350,927.60 21,552,799
FM iShares MSCI Frontier 100 ETF 11.20 $407,376.00 327,602
UAE iShares MSCI UAE Capped ETF 11.21 $23,584.00 12,740
FRN Guggenheim Frontier Markets ETF 11.22 $39,284.80 9,171
CN Deutsche X-trackers MSCI All China Equity ETF 11.24 $7,065.00 2,740
KEMP KraneShares FTSE Emerging Markets Plus ETF 11.34 $2,076.00 542
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 11.35 $903,172.00 78,832
QAT iShares MSCI Qatar Capped ETF 11.36 $40,500.00 11,576
ECNS iShares MSCI China Small-Cap ETF 11.41 $18,072.00 1,541
ENOR iShares MSCI Norway Capped ETF 11.41 $26,949.00 30,366
EWS iShares MSCI Singapore ETF 11.43 $550,116.00 1,378,100
HEWY iShares Currency Hedged MSCI South Korea ETF 11.45 $3,598.50 1,290
IVLU iShares MSCI International Developed Value Factor ETF 11.47 $37,854.00 6,325
KBWI PowerShares KBW Insurance Portfolio ETF 11.49 $13,610.00 1,298
DVYA iShares Asia/Pacific Dividend ETF 11.50 $55,874.00 13,231
FWDI Madrona Forward International ETF 11.51 $15,736.50 2,643
KBWB PowerShares KBW Bank Portfolio ETF 11.51 $325,785.00 293,257
DEM WisdomTree Emerging Markets High Dividend Fund 11.52 $1,325,532.00 226,811
XPH SPDR S&P Pharmaceuticals ETF 11.56 $493,704.60 212,900
IEIL iShares Enhanced International Large-Cap ETF 11.58 $67,020.00 4,765
IXG iShares Global Financials ETF 11.60 $212,226.00 30,911
EWH iShares MSCI Hong Kong ETF 11.62 $1,554,227.90 3,237,065
IVAL ValueShares International Quantitative Value ETF 11.70 $27,768.00 6,412
VLUE iShares MSCI USA Value Factor ETF 11.71 $892,335.00 43,922

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