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 $578.3 M 589,135
RSXJ Market Vectors Russia Small-Cap ETF 4.85 $36.6 M 45,840
ERUS iShares MSCI Russia Capped ETF 4.99 $247.5 M 692,605
ESR iShares MSCI Emerging Markets Eastern Europe ETF 5.85 $137.3 M 22,495
FXN Energy AlphaDEX Fund 5.97 $666.0 M 693,554
SCIF India Small-Cap Index ETF 6.12 $184.5 M 104,462
CHIX China Financials ETF 6.75 $18.2 M 84,840
EGPT Egypt Index ETF 7.11 $72.6 M 22,398
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $22.1 M 1,673
FGEM Financials GEMS ETF 8.11 $3.0 M 12,176
FXI iShares China Large-Cap ETF 8.32 $4,855.6 M 27,549,313
PUW WilderHill Progressive Energy Portfolio 8.59 $46.7 M 5,678
EEME MSCI Emerging Markets EMEA Index Fund 8.62 $10.1 M 6,581
CHIM China Materials ETF 8.63 $2.2 M 1,792
FCHI FTSE China (HK Listed) Index Fund 8.96 $27.4 M 2,947
GDXJ Market Vectors Junior Gold Miners ETF 9.16 $1,804.1 M 3,780,119
BKF MSCI BRIC Index Fund 9.20 $389.7 M 94,554
MCHI iShares MSCI China ETF 9.32 $975.9 M 563,987
RPV S&P 500 Pure Value ETF 9.33 $764.8 M 198,078
GXC SPDR S&P China ETF 9.47 $780.1 M 157,929
BIK SPDR S&P BRIC 40 9.48 $159.1 M 105,592
EMFN MSCI Emerging Markets Financials Sector Index Fund 9.54 $6.2 M 867
TUR MSCI Turkey ETF 9.57 $576.8 M 580,870
ECNS iShares MSCI China Small-Cap ETF 9.62 $32.2 M 5,776
AIA iShares Asia 50 ETF 9.67 $270.5 M 20,108
DEM Emerging Markets Equity Income Fund 9.69 $3,864.2 M 810,157
GGGG Pure Gold Miners ETF 9.74 $4.2 M 5,549
YAO China All-Cap ETF 9.77 $55.8 M 16,737
EWY iShares MSCI South Korea Capped ETF 9.90 $4,388.0 M 3,177,428
EDIV SPDR S&P Emerging Markets Dividend ETF 9.91 $486.0 M 113,190
AFK Market Vectors-Africa Index ETF 9.96 $116.1 M 26,267
RWW Financials Sector Fund 9.99 $31.2 M 3,462
FCA China AlphaDEX Fund 10.07 $4.4 M 2,172
KBWD KBW High Dividend Yield Financial Portfolio 10.10 $243.8 M 51,119
GULF Middle East Dividend ETF 10.10 $75.1 M 56,687
GUR SPDR S&P Emerging Europe ETF 10.13 $80.2 M 26,227
CHII China Industrials ETF 10.15 $4.1 M 1,273
FXO Financials AlphaDEX Fund 10.22 $932.4 M 574,171
FILL iShares MSCI Global Energy Producers ETF 10.27 $5.4 M 1,596
RYF S&P Equal Weight Financial ETF 10.36 $121.5 M 49,886
RSX Market Vectors Russia ETF 10.42 $1,312.1 M 7,857,108
KBWP KBW Property & Casualty Insurance Portfolio 10.52 $9.4 M 5,248
UGEM Utilities GEMS ETF 10.68 $0.8 M 4,958
FEM Emerging Markets AlphaDEX Fund 10.74 $344.0 M 440,132
IPW SPDR S&P International Energy Sector ETF 10.74 $13.7 M 3,011
VNM Market Vectors Vietnam ETF 10.76 $488.1 M 392,373
AGEM GEMS Composite ETF 10.78 $11.3 M 8,445
EPI India Earnings Fund 10.78 $983.0 M 4,449,157
JKI iShares Morningstar Mid-Cap Value ETF 10.84 $188.4 M 11,057
THD MSCI Thailand Capped ETF 10.88 $554.4 M 251,056
SPHB S&P 500 High Beta Portfolio 10.95 $240.6 M 319,189
CHIE China Energy ETF 10.95 $3.7 M 1,262
EEM iShares MSCI Emerging Markets ETF 11.01 $36,300.2 M 79,376,289
AXEN iShares MSCI ACWI ex U.S. Energy ETF 11.09 $5.2 M 3,715
RTR ADR Fund 11.10 $23.8 M 1,726
FDD STOXX European Select Dividend Index Fund 11.14 $122.0 M 65,471
SEA Shipping ETF 11.15 $118.0 M 134,508
HAO China Small Cap ETF 11.16 $230.1 M 106,610
PFI DWA Financial Momentum 11.31 $36.0 M 10,197
CARZ NASDAQ Global Auto Index Fund 11.34 $60.0 M 19,640
DGS Emerging Market SmallCap Fund 11.42 $1,856.5 M 174,594
FKO South Korea AlphaDEX Fund 11.44 $5.4 M 1,918
CVY Multi-Asset Income ETF 11.49 $1,244.1 M 206,595
BICK BICK Index Fund 11.51 $17.6 M 3,263
EIS iShares MSCI Israel Capped ETF 11.61 $127.9 M 80,210
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.62 $5.9 M 14,467
FTA Large Cap Value AlphaDEX Fund 11.63 $803.5 M 102,952
PWV Dynamic LargeCap Value 11.64 $782.3 M 87,271
VWO Emerging Markets ETF 11.71 $43,808.6 M 19,480,932
RKH Market Vectors Bank and Brokerage ETF 11.73 $15.4 M 1,341
EWU iShares MSCI United Kingdom ETF 11.73 $4,164.0 M 2,772,414
XLF Financial Select Sector SPDR 11.81 $17,946.9 M 48,284,695
FCG ISE-Revere Natural Gas Index Fund 11.81 $517.7 M 532,627
IXG iShares Global Financials ETF 11.82 $308.9 M 48,917
AAXJ MSCI All Country Asia ex Japan Index Fund 11.82 $2,347.9 M 676,313
EUFN MSCI Europe Financials Sector Index Fund 11.87 $492.7 M 207,759
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 $415.1 M 37,619
PZI Zacks Micro Cap 11.95 $63.5 M 19,829
ADRE BLDRS Emerging Markets 50 ADR Index Fund 11.97 $212.4 M 25,638
ADRA BLDRS Asia 50 ADR Index Fund 11.97 $26.8 M 5,680
FGD DJ Global Select Dividend Index Fund 11.99 $499.1 M 70,935
JKF Morningstar Large Value Index Fund 12.03 $287.8 M 12,602