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.
| Symbol |
Name |
P/E Ratio |
AUM |
Avg Volume |
|
EIS
|
MSCI Israel Capped Investable Market Index Fund
|
4.94
|
$70.5 M
|
46,139
|
|
PSP
|
Listed Private Equity
|
5.85
|
$267.5 M
|
213,577
|
|
FAA
|
Airline ETF
|
6.12
|
$14.3 M
|
8,286
|
|
HAO
|
China Small Cap ETF
|
7.13
|
$166.6 M
|
124,864
|
|
PXE
|
Dynamic Energy E&P
|
7.36
|
$60.2 M
|
25,797
|
|
GUR
|
SPDR S&P Emerging Europe ETF
|
7.41
|
$70.6 M
|
28,122
|
|
VNM
|
Market Vectors Vietnam ETF
|
7.42
|
$314.8 M
|
274,778
|
|
KWT
|
Market Vectors Solar Energy ETF
|
7.60
|
$9.8 M
|
49,931
|
|
FCA
|
China AlphaDEX Fund
|
7.72
|
$2.9 M
|
3,815
|
|
DNL
|
Global ex-U.S. Growth Fund
|
7.72
|
$59.2 M
|
7,034
|
|
EWI
|
MSCI Italy Index Fund
|
7.76
|
$116.7 M
|
502,369
|
|
IDHQ
|
S&P International Developed High Quality Portfolio Fund
|
7.85
|
$15.8 M
|
2,608
|
|
BIK
|
SPDR S&P BRIC 40
|
7.85
|
$282.7 M
|
141,528
|
|
TUR
|
MSCI Turkey Investable Market Index Fund
|
8.11
|
$373.2 M
|
282,025
|
|
GXC
|
SPDR S&P China ETF
|
8.30
|
$852.0 M
|
206,056
|
|
SLX
|
Market Vectors Steel Index ETF Fund
|
8.30
|
$130.5 M
|
69,823
|
|
FCHI
|
FTSE China (HK Listed) Index Fund
|
8.31
|
$29.0 M
|
4,637
|
|
IPF
|
SPDR S&P International Financial Sector ETF
|
8.38
|
$4.6 M
|
7,369
|
|
RPV
|
S&P 500 Pure Value ETF
|
8.59
|
$79.6 M
|
29,077
|
|
EGPT
|
Egypt Index ETF
|
8.62
|
$44.1 M
|
36,528
|
|
EWY
|
MSCI South Korea Index Fund
|
8.67
|
$2,719.9 M
|
2,290,413
|
|
KIE
|
SPDR S&P Insurance ETF
|
8.75
|
$106.3 M
|
90,095
|
|
PAGG
|
Global Agriculture Portfolio
|
8.78
|
$101.7 M
|
10,266
|
|
EWO
|
MSCI Austria Index Fund
|
8.84
|
$54.0 M
|
108,711
|
|
DGS
|
Emerging Market SmallCap Fund
|
8.91
|
$941.6 M
|
174,270
|
|
EWP
|
MSCI Spain Index Fund
|
8.91
|
$133.4 M
|
403,331
|
|
EFV
|
MSCI Value Index Fund
|
8.96
|
$1,191.5 M
|
135,230
|
|
PGJ
|
Golden Dragon Halter USX China Portfolio
|
8.99
|
$218.1 M
|
26,994
|
|
FEZ
|
SPDR DJ Euro STOXX 50 ETF
|
9.02
|
$444.5 M
|
335,164
|
|
EWX
|
SPDR S&P Emerging Markets Small Cap ETF
|
9.08
|
$846.0 M
|
118,847
|
|
TAN
|
Solar ETF
|
9.10
|
$53.9 M
|
103,873
|
|
FKO
|
South Korea AlphaDEX Fund
|
9.16
|
$1.1 M
|
2,378
|
|
EPU
|
MSCI All Peru Capped Index Fund
|
9.19
|
$410.9 M
|
286,150
|
|
PSTL
|
Global Steel Portfolio
|
9.21
|
$2.7 M
|
1,377
|
|
PIC
|
Dynamic Insurance
|
9.23
|
$7.0 M
|
1,616
|
|
EDIV
|
SPDR S&P Emerging Markets Dividend ETF
|
9.24
|
$287.4 M
|
86,805
|
|
PAF
|
FTSE RAFI Asia Pacific ex-Japan Portfolio
|
9.28
|
$54.1 M
|
5,291
|
|
VDE
|
Energy ETF
|
9.32
|
$1,702.8 M
|
121,894
|
|
IXG
|
S&P Global Financial Index Fund
|
9.45
|
$181.2 M
|
60,872
|
|
EZU
|
MSCI EMU Index Fund
|
9.50
|
$666.3 M
|
325,247
|
|
EWQ
|
MSCI France Index Fund
|
9.52
|
$263.8 M
|
681,420
|
|
IRV
|
SPDR S&P International Materials Sector ETF
|
9.53
|
$10.9 M
|
2,729
|
|
PXF
|
FTSE RAFI Developed Markets ex-U.S. Portfolio
|
9.56
|
$260.4 M
|
53,733
|
|
EWG
|
MSCI Germany Index Fund
|
9.57
|
$2,549.7 M
|
5,207,034
|
|
FEM
|
Emerging Markets AlphaDEX Fund
|
9.60
|
$77.1 M
|
75,180
|
|
DOL
|
International LargeCap Dividend Fund
|
9.61
|
$154.8 M
|
25,316
|
|
XLF
|
Financial Select Sector SPDR
|
9.62
|
$4,970.1 M
|
83,111,805
|
|
PFI
|
Dynamic Financial
|
9.63
|
$16.9 M
|
5,910
|
|
VGK
|
European ETF
|
9.63
|
$2,221.2 M
|
1,514,694
|
|
IAK
|
Dow Jones U.S. Insurance Index Fund
|
9.73
|
$64.6 M
|
13,977
|
|
FEU
|
SPDR DJ STOXX 50 Etf
|
9.73
|
$28.4 M
|
6,855
|
|
FDD
|
STOXX European Select Dividend Index Fund
|
9.74
|
$10.5 M
|
9,208
|
|
PXI
|
Dynamic Energy
|
9.74
|
$119.9 M
|
55,348
|
|
PWC
|
XTF: Dynamic Market Portfolio
|
9.75
|
$118.8 M
|
6,933
|
|
FDV
|
Strategic Value Index Fund
|
9.75
|
$30.0 M
|
5,039
|
|
EPI
|
India Earnings Fund
|
9.77
|
$767.4 M
|
2,714,886
|
|
LVL
|
S&P Global Dividend Opportunities Index ETF
|
9.77
|
$55.5 M
|
32,192
|
|
MGV
|
Mega Cap 300 Value
|
9.80
|
$371.7 M
|
26,366
|
|
DWM
|
DEFA Fund
|
9.80
|
$371.4 M
|
51,491
|
|
HEDJ
|
International Hedged Equity Fund
|
9.81
|
$24.4 M
|
2,989
|
|
THD
|
MSCI Thailand Index Fund
|
9.85
|
$773.1 M
|
318,483
|
|
RYF
|
S&P Equal Weight Financial ETF
|
9.87
|
$14.0 M
|
6,967
|
|
DTH
|
DEFA High-Yielding Equity Fund
|
9.88
|
$158.7 M
|
27,069
|
|
SEA
|
Shipping ETF
|
9.90
|
$30.0 M
|
53,803
|
|
FEP
|
Europe AlphaDEX Fund
|
9.91
|
$3.2 M
|
4,405
|
|
IDV
|
Dow Jones EPAC Select Dividend
|
9.94
|
$901.5 M
|
267,205
|
|
EWN
|
MSCI Netherlands Index Fund
|
9.95
|
$57.4 M
|
74,245
|
|
FDT
|
Developed Markets Ex-US AlphaDEX Fund
|
9.95
|
$54.0 M
|
33,422
|
|
EWU
|
MSCI United Kingdom Index Fund
|
9.97
|
$1,307.9 M
|
1,702,894
|
|
VAW
|
Materials ETF
|
9.97
|
$586.0 M
|
70,381
|
|
IST
|
SPDR S&P International Telecommunications Sector ETF
|
9.97
|
$17.9 M
|
12,936
|
|
GWX
|
SPDR S&P International SmallCap ETF
|
9.99
|
$683.0 M
|
80,734
|
|
DWX
|
SPDR S&P International Dividend ETF
|
9.99
|
$785.2 M
|
255,791
|
|
IXC
|
S&P Global Energy Index Fund
|
10.03
|
$1,058.4 M
|
226,452
|
|
VEA
|
Europe Pacific
|
10.06
|
$7,768.8 M
|
2,474,541
|
|
IPW
|
SPDR S&P International Energy Sector ETF
|
10.07
|
$10.3 M
|
2,196
|
|
FTA
|
Large Cap Value AlphaDEX Fund
|
10.07
|
$226.6 M
|
51,820
|
|
FJP
|
Japan AlphaDEX Fund
|
10.08
|
$3.6 M
|
4,962
|
|
ICLN
|
S&P Global Clean Energy Index Fund
|
10.08
|
$28.7 M
|
17,438
|
|
VTV
|
Value ETF
|
10.13
|
$5,655.5 M
|
393,736
|
|
GMM
|
SPDR S&P Emerging Markets ETF
|
10.15
|
$186.9 M
|
26,425
|
|
DGT
|
SPDR Global Dow ETF
|
10.16
|
$89.9 M
|
6,823
|
|
RFV
|
S&P Midcap 400 Pure Value
|
10.16
|
$32.1 M
|
7,925
|
|
ADRA
|
BLDRS Asia 50 ADR Index Fund
|
10.17
|
$27.5 M
|
2,700
|
|
VEU
|
FTSE All World Ex US ETF
|
10.17
|
$6,294.0 M
|
863,625
|
|
JKF
|
Morningstar Large Value Index Fund
|
10.22
|
$234.4 M
|
9,983
|
|
RWV
|
Navallier Overall A-100 Fund
|
10.26
|
$7.4 M
|
1,515
|
|
FXO
|
Financials AlphaDEX Fund
|
10.32
|
$151.6 M
|
400,817
|
|
KBE
|
SPDR S&P Bank ETF
|
10.33
|
$1,405.4 M
|
3,709,008
|
|
GULF
|
Middle East Dividend ETF
|
10.33
|
$13.2 M
|
5,232
|
|
VSS
|
FTSE All-World ex-US Small Cap Index ETF
|
10.40
|
$879.7 M
|
51,797
|
|
FXN
|
Energy AlphaDEX Fund
|
10.41
|
$72.8 M
|
50,280
|
|
MXI
|
S&P Global Materials Sector Index Fund
|
10.42
|
$452.6 M
|
71,444
|
|
EWK
|
MSCI Belgium Index Fund
|
10.42
|
$25.8 M
|
70,887
|
