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 $610.0 M 491,543
RSXJ Market Vectors Russia Small-Cap ETF 4.85 $64.5 M 65,800
ERUS iShares MSCI Russia Capped ETF 4.99 $296.2 M 502,245
ESR iShares MSCI Emerging Markets Eastern Europe ETF 5.85 $158.4 M 24,192
FXN Energy AlphaDEX Fund 5.97 $764.3 M 537,472
SCIF India Small-Cap Index ETF 6.12 $346.8 M 290,925
CHIX China Financials ETF 6.75 $52.5 M 63,974
EGPT Egypt Index ETF 7.11 $70.8 M 15,468
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $17.4 M 5,933
FXI iShares China Large-Cap ETF 8.32 $5,789.5 M 15,872,318
PUW WilderHill Progressive Energy Portfolio 8.59 $46.3 M 6,006
EEME MSCI Emerging Markets EMEA Index Fund 8.62 $10.5 M 2,112
CHIM China Materials ETF 8.63 $4.8 M 4,512
FCHI FTSE China (HK Listed) Index Fund 8.96 $31.1 M 2,082
GDXJ Market Vectors Junior Gold Miners ETF 9.16 $2,584.7 M 7,066,745
BKF MSCI BRIC Index Fund 9.20 $409.6 M 103,677
MCHI iShares MSCI China ETF 9.32 $1,140.3 M 369,737
RPV S&P 500 Pure Value ETF 9.33 $1,216.9 M 208,400
GXC SPDR S&P China ETF 9.47 $974.7 M 117,580
BIK SPDR S&P BRIC 40 9.48 $185.6 M 88,089
EMFN MSCI Emerging Markets Financials Sector Index Fund 9.54 $6.7 M 2,030
TUR MSCI Turkey ETF 9.57 $509.4 M 318,346
ECNS iShares MSCI China Small-Cap ETF 9.62 $33.9 M 12,085
AIA iShares Asia 50 ETF 9.67 $332.6 M 32,614
DEM Emerging Markets Equity Income Fund 9.69 $3,966.4 M 324,108
GGGG Pure Gold Miners ETF 9.74 $5.6 M 7,811
YAO China All-Cap ETF 9.77 $54.7 M 14,811
EWY iShares MSCI South Korea Capped ETF 9.90 $4,759.5 M 1,876,052
EDIV SPDR S&P Emerging Markets Dividend ETF 9.91 $529.0 M 57,497
AFK Market Vectors-Africa Index ETF 9.96 $131.7 M 38,577
RWW Financials Sector Fund 9.99 $33.2 M 3,118
FCA China AlphaDEX Fund 10.07 $5.9 M 3,319
KBWD KBW High Dividend Yield Financial Portfolio 10.10 $265.1 M 55,675
GULF Middle East Dividend ETF 10.10 $57.3 M 58,032
GUR SPDR S&P Emerging Europe ETF 10.13 $80.7 M 37,205
CHII China Industrials ETF 10.15 $3.2 M 1,748
FXO Financials AlphaDEX Fund 10.22 $892.5 M 543,565
FILL iShares MSCI Global Energy Producers ETF 10.27 $8.3 M 9,708
RYF S&P Equal Weight Financial ETF 10.36 $116.1 M 26,991
RSX Market Vectors Russia ETF 10.42 $1,707.3 M 6,136,520
KBWP KBW Property & Casualty Insurance Portfolio 10.52 $9.9 M 1,380
UGEM Utilities GEMS ETF 10.68 $0.8 M 4,958
FEM Emerging Markets AlphaDEX Fund 10.74 $511.1 M 152,883
IPW SPDR S&P International Energy Sector ETF 10.74 $22.1 M 11,058
VNM Market Vectors Vietnam ETF 10.76 $597.2 M 290,105
EPI India Earnings Fund 10.78 $1,950.5 M 4,167,308
AGEM GEMS Composite ETF 10.78 $11.3 M 8,445
JKI iShares Morningstar Mid-Cap Value ETF 10.84 $229.8 M 11,054
THD MSCI Thailand Capped ETF 10.88 $557.8 M 211,252
SPHB S&P 500 High Beta Portfolio 10.95 $325.7 M 134,829
CHIE China Energy ETF 10.95 $4.1 M 1,930
EEM iShares MSCI Emerging Markets ETF 11.01 $43,856.6 M 42,843,559
AXEN iShares MSCI ACWI ex U.S. Energy ETF 11.09 $5.2 M 3,715
RTR ADR Fund 11.10 $22.8 M 1,513
FDD STOXX European Select Dividend Index Fund 11.14 $173.3 M 155,828
SEA Shipping ETF 11.15 $112.4 M 28,222
HAO China Small Cap ETF 11.16 $222.4 M 58,402
PFI DWA Financial Momentum 11.31 $35.0 M 5,606
CARZ NASDAQ Global Auto Index Fund 11.34 $65.2 M 11,795
DGS Emerging Market SmallCap Fund 11.42 $2,036.3 M 126,177
FKO South Korea AlphaDEX Fund 11.44 $4.3 M 4,363
CVY Multi-Asset Income ETF 11.49 $1,263.2 M 179,358
BICK BICK Index Fund 11.51 $19.2 M 2,290
EIS iShares MSCI Israel Capped ETF 11.61 $119.3 M 36,566
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.62 $6.1 M 3,369
FTA Large Cap Value AlphaDEX Fund 11.63 $1,127.1 M 162,522
PWV Dynamic LargeCap Value 11.64 $883.2 M 87,012
VWO Emerging Markets ETF 11.71 $50,047.4 M 10,311,313
RKH Market Vectors Bank and Brokerage ETF 11.73 $16.0 M 811
EWU iShares MSCI United Kingdom ETF 11.73 $4,206.4 M 2,154,820
FCG ISE-Revere Natural Gas Index Fund 11.81 $499.1 M 463,838
XLF Financial Select Sector SPDR 11.81 $17,821.4 M 27,146,861
IXG iShares Global Financials ETF 11.82 $300.6 M 31,685
AAXJ MSCI All Country Asia ex Japan Index Fund 11.82 $2,890.4 M 480,702
EUFN MSCI Europe Financials Sector Index Fund 11.87 $429.5 M 223,685
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 $527.6 M 58,795
PZI Zacks Micro Cap 11.95 $35.4 M 27,565
ADRE BLDRS Emerging Markets 50 ADR Index Fund 11.97 $219.0 M 14,366
ADRA BLDRS Asia 50 ADR Index Fund 11.97 $28.4 M 8,393
FGD DJ Global Select Dividend Index Fund 11.99 $599.3 M 106,105
EWX SPDR S&P Emerging Markets Small Cap ETF 12.03 $647.7 M 105,080