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 2.87 $7.5 M 9,817
ERUS iShares MSCI Russia Capped ETF 5.38 $243.8 M 435,213
NGE Global X Nigeria Index ETF 5.85 $22.7 M 62,719
RSX Market Vectors Russia ETF 6.19 $1,843.4 M 17,355,430
RBL SPDR S&P Russia ETF 6.21 $30.4 M 26,634
RSXJ Market Vectors Russia Small-Cap ETF 6.28 $59.1 M 23,795
ESR iShares MSCI Emerging Markets Eastern Europe ETF 6.45 $143.3 M 84,185
FEMS Emerging Markets Small Cap AlphaDEX Fund 6.53 $31.3 M 21,335
FCA China AlphaDEX Fund 7.12 $20.7 M 4,967
CHIX China Financials ETF 7.34 $92.3 M 112,221
ECNS iShares MSCI China Small-Cap ETF 7.51 $33.6 M 11,216
DEM Emerging Markets Equity Income Fund 8.27 $2,163.8 M 531,827
GUR SPDR S&P Emerging Europe ETF 8.29 $50.0 M 20,769
CHIM China Materials ETF 8.62 $2.4 M 1,817
EMEY MSCI Emerging Markets Energy Sector Capped Index Fund 8.79 $2.7 M 562
FEM Emerging Markets AlphaDEX Fund 9.13 $387.7 M 307,960
FNDE Fundamental Emerging Markets Large Company Index ETF 9.22 $123.8 M 66,108
HAO China Small Cap ETF 9.27 $207.7 M 58,327
FKO South Korea AlphaDEX Fund 9.37 $2.5 M 1,138
GREK FTSE Greece 20 ETF 9.38 $231.3 M 948,555
PXH FTSE RAFI Emerging Markets Portfolio 9.45 $419.1 M 246,615
QKOR MSCI South Korea Quality Mix ETF 9.51 $2.7 M 175
BIZD Market Vectors BDC Income ETF 9.51 $70.2 M 43,844
BRF Market Vectors Brazil Small-Cap ETF 9.59 $80.6 M 57,321
DXKW Korea Hedged Equity Fund 9.64 $19.5 M 23,225
QDEM MSCI Emerging Markets Quality Dividend ETF 9.68 $4.8 M 1,895
EVAL MSCI Emerging Markets Value Index Fund 9.72 $20.9 M 2,392
BIK SPDR S&P BRIC 40 9.73 $111.7 M 34,481
EDOG Emerging Sector Dividend Dogs ETF 9.73 $12.0 M 5,669
EWY iShares MSCI South Korea Capped ETF 9.76 $3,982.1 M 2,597,602
HKOR Korea KOSPI 200 ETF 9.78 $3.5 M 1,560
EMFT SPDR MSCI EM 50 ETF 9.82 $2.3 M 730
DBKO db X-trackers MSCI South Korea Hedged Equity Fund 9.82 $198.2 M 290,261
EWZS iShares MSCI Brazil Small-Cap ETF 9.89 $25.8 M 34,621
BRAF Brazil Financials ETF 9.91 $0.7 M 1,984
MCHI iShares MSCI China ETF 9.95 $1,715.2 M 638,181
FM MSCI Frontier 100 Index Fund 9.95 $573.7 M 229,921
CARZ NASDAQ Global Auto Index Fund 9.98 $32.3 M 7,244
FCHI FTSE China (HK Listed) Index Fund 10.00 $26.5 M 4,568
EEHB S&P Emerging Markets High Beta Portfolio 10.06 $4.1 M 10,554
GVAL Cambria Global Value ETF 10.11 $74.5 M 48,729
YINN Daily China Bull 3x Shares 10.16 $113.3 M 159,181
KBWD KBW High Dividend Yield Financial Portfolio 10.17 $304.2 M 67,527
FXI iShares China Large-Cap ETF 10.22 $6,145.2 M 16,071,697
YAO China All-Cap ETF 10.23 $52.2 M 8,453
EDIV SPDR S&P Emerging Markets Dividend ETF 10.25 $422.5 M 100,642
FDTS Developed Markets ex-US Small Cap AlphaDEX Fund 10.31 $6.8 M 2,149
GXC SPDR S&P China ETF 10.42 $1,112.8 M 166,174
IAK iShares U.S. Insurance ETF 10.50 $134.1 M 16,913
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 10.57 $5.8 M 1,668
TUR MSCI Turkey ETF 10.64 $481.1 M 454,635
EIS iShares MSCI Israel Capped ETF 10.70 $101.6 M 43,619
EEME MSCI Emerging Markets EMEA Index Fund 10.70 $8.5 M 1,190
BKF MSCI BRIC Index Fund 10.88 $274.7 M 62,334
KBWI KBW Insurance Portfolio 10.90 $7.0 M 383
AZIA Global X Central Asia & Mongolia Index ETF 11.01 $2.4 M 1,507
NORW FTSE Norway 30 ETF 11.12 $78.1 M 75,627
TLTE Morningstar Emerging Markets Factor Tilt Index Fund 11.12 $219.8 M 14,710
DXJF Japan Hedged Financials Fund 11.13 $6.7 M 6,397
SEA Shipping ETF 11.15 $65.5 M 32,944
RGRO Global Growth Fund 11.19 $5.1 M n/a
UAE MSCI UAE Capped ETF 11.20 $32.8 M 14,623
CCXE Commodity Country Equity Fund 11.32 $11.3 M 1,513
FWDI Madrona Forward International ETF 11.32 $17.6 M 3,791
EUFN MSCI Europe Financials Sector Index Fund 11.35 $366.1 M 306,750
ENOR MSCI Norway Capped Investable Market Index Fund 11.35 $22.9 M 18,111
DVYE iShares Emerging Markets Dividend ETF 11.37 $215.6 M 51,763
EMIF S&P Emerging Markets Infrastructure Index Fund 11.38 $80.7 M 9,565
AIA iShares Asia 50 ETF 11.42 $386.4 M 25,045
EWX SPDR S&P Emerging Markets Small Cap ETF 11.44 $460.7 M 95,227
EEMS iShares MSCI Emerging Markets Small-Cap ETF 11.50 $70.1 M 26,253
MES Market Vectors Gulf States Index ETF 11.54 $15.8 M 11,535
IEMG Core MSCI Emerging Markets ETF 11.59 $6,730.8 M 2,089,010
CHII China Industrials ETF 11.64 $5.4 M 9,532
DGS Emerging Market SmallCap Fund 11.65 $1,406.2 M 195,471
GMFS SPDR S&P Small Cap Emerging Asia Pacific ETF 11.67 $4.0 M 972
DBEM MSCI Emerging Markets Equity Fund 11.69 $186.3 M 167,576
RWW Financials Sector Fund 11.69 $34.3 M 4,248
VNM Market Vectors Vietnam ETF 11.69 $413.7 M 411,785