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 $576.7 M 412,632
RSXJ Market Vectors Russia Small-Cap ETF 4.85 $80.2 M 74,217
ERUS iShares MSCI Russia Capped ETF 4.99 $286.7 M 468,302
ESR iShares MSCI Emerging Markets Eastern Europe ETF 5.85 $189.1 M 59,505
FXN Energy AlphaDEX Fund 5.97 $733.1 M 431,175
SCIF India Small-Cap Index ETF 6.12 $359.0 M 201,277
CHIX China Financials ETF 6.75 $49.9 M 62,365
EGPT Egypt Index ETF 7.11 $96.9 M 24,012
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $16.9 M 6,065
FXI iShares China Large-Cap ETF 8.32 $5,814.6 M 16,674,270
PUW WilderHill Progressive Energy Portfolio 8.59 $39.5 M 5,189
EEME MSCI Emerging Markets EMEA Index Fund 8.62 $10.2 M 1,892
CHIM China Materials ETF 8.63 $3.2 M 10,193
FCHI FTSE China (HK Listed) Index Fund 8.96 $30.3 M 2,742
GDXJ Market Vectors Junior Gold Miners ETF 9.16 $2,306.9 M 8,205,308
BKF MSCI BRIC Index Fund 9.20 $396.0 M 110,040
MCHI iShares MSCI China ETF 9.32 $1,227.1 M 430,526
RPV S&P 500 Pure Value ETF 9.33 $1,349.8 M 211,955
GXC SPDR S&P China ETF 9.47 $996.1 M 123,898
BIK SPDR S&P BRIC 40 9.48 $179.4 M 85,265
EMFN MSCI Emerging Markets Financials Sector Index Fund 9.54 $6.6 M 2,186
TUR MSCI Turkey ETF 9.57 $470.2 M 275,371
ECNS iShares MSCI China Small-Cap ETF 9.62 $34.5 M 13,825
AIA iShares Asia 50 ETF 9.67 $327.8 M 35,498
DEM Emerging Markets Equity Income Fund 9.69 $3,719.8 M 318,149
GGGG Pure Gold Miners ETF 9.74 $4.9 M 10,928
YAO China All-Cap ETF 9.77 $53.7 M 21,397
EWY iShares MSCI South Korea Capped ETF 9.90 $4,795.5 M 2,065,889
EDIV SPDR S&P Emerging Markets Dividend ETF 9.91 $512.3 M 62,766
AFK Market Vectors-Africa Index ETF 9.96 $128.1 M 36,266
RWW Financials Sector Fund 9.99 $34.2 M 3,349
FCA China AlphaDEX Fund 10.07 $7.0 M 3,571
GULF Middle East Dividend ETF 10.10 $59.3 M 41,203
KBWD KBW High Dividend Yield Financial Portfolio 10.10 $268.3 M 56,528
GUR SPDR S&P Emerging Europe ETF 10.13 $73.4 M 28,846
CHII China Industrials ETF 10.15 $3.2 M 2,218
FXO Financials AlphaDEX Fund 10.22 $898.7 M 419,623
FILL iShares MSCI Global Energy Producers ETF 10.27 $8.0 M 9,802
RYF S&P Equal Weight Financial ETF 10.36 $127.5 M 33,317
RSX Market Vectors Russia ETF 10.42 $1,717.1 M 6,813,489
KBWP KBW Property & Casualty Insurance Portfolio 10.52 $9.9 M 1,420
UGEM Utilities GEMS ETF 10.68 $0.8 M 4,958
IPW SPDR S&P International Energy Sector ETF 10.74 $19.9 M 7,711
FEM Emerging Markets AlphaDEX Fund 10.74 $456.7 M 239,498
VNM Market Vectors Vietnam ETF 10.76 $616.2 M 289,422
EPI India Earnings Fund 10.78 $2,080.2 M 3,934,349
AGEM GEMS Composite ETF 10.78 $11.3 M 8,445
JKI iShares Morningstar Mid-Cap Value ETF 10.84 $229.5 M 9,465
THD MSCI Thailand Capped ETF 10.88 $557.8 M 208,738
SPHB S&P 500 High Beta Portfolio 10.95 $338.2 M 113,194
CHIE China Energy ETF 10.95 $5.6 M 3,629
EEM iShares MSCI Emerging Markets ETF 11.01 $42,229.7 M 48,388,730
RTR ADR Fund 11.10 $22.6 M 1,584
FDD STOXX European Select Dividend Index Fund 11.14 $173.3 M 154,352
SEA Shipping ETF 11.15 $106.6 M 28,586
HAO China Small Cap ETF 11.16 $222.3 M 61,811
PFI DWA Financial Momentum 11.31 $33.6 M 5,632
CARZ NASDAQ Global Auto Index Fund 11.34 $66.7 M 12,837
DGS Emerging Market SmallCap Fund 11.42 $2,027.5 M 142,649
FKO South Korea AlphaDEX Fund 11.44 $4.3 M 4,686
CVY Multi-Asset Income ETF 11.49 $1,229.4 M 167,126
BICK BICK Index Fund 11.51 $18.7 M 1,495
EIS iShares MSCI Israel Capped ETF 11.61 $122.5 M 36,774
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.62 $6.1 M 2,671
FTA Large Cap Value AlphaDEX Fund 11.63 $1,173.8 M 143,052
PWV Dynamic LargeCap Value 11.64 $916.5 M 95,832
VWO Emerging Markets ETF 11.71 $49,171.5 M 10,433,958
EWU iShares MSCI United Kingdom ETF 11.73 $4,169.3 M 2,583,612
RKH Market Vectors Bank and Brokerage ETF 11.73 $16.4 M 624
FCG ISE-Revere Natural Gas Index Fund 11.81 $447.8 M 459,682
XLF Financial Select Sector SPDR 11.81 $19,422.5 M 28,533,957
IXG iShares Global Financials ETF 11.82 $314.0 M 34,911
AAXJ MSCI All Country Asia ex Japan Index Fund 11.82 $2,836.1 M 499,485
EUFN MSCI Europe Financials Sector Index Fund 11.87 $463.0 M 276,995
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 $713.2 M 92,686
PZI Zacks Micro Cap 11.95 $34.5 M 25,295
ADRA BLDRS Asia 50 ADR Index Fund 11.97 $28.0 M 9,844
ADRE BLDRS Emerging Markets 50 ADR Index Fund 11.97 $235.0 M 17,512
FGD DJ Global Select Dividend Index Fund 11.99 $589.5 M 106,912
EWX SPDR S&P Emerging Markets Small Cap ETF 12.03 $635.4 M 103,466