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 $570.5 M 590,992
RSXJ Market Vectors Russia Small-Cap ETF 4.85 $35.6 M 45,849
ERUS iShares MSCI Russia Capped ETF 4.99 $239.9 M 692,510
ESR iShares MSCI Emerging Markets Eastern Europe ETF 5.85 $134.2 M 23,500
FXN Energy AlphaDEX Fund 5.97 $650.5 M 689,254
SCIF India Small-Cap Index ETF 6.12 $178.8 M 107,346
CHIX China Financials ETF 6.75 $20.5 M 86,187
EGPT Egypt Index ETF 7.11 $72.4 M 22,703
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $22.0 M 1,692
FGEM Financials GEMS ETF 8.11 $3.0 M 12,176
FXI iShares China Large-Cap ETF 8.32 $4,835.1 M 27,926,090
PUW WilderHill Progressive Energy Portfolio 8.59 $45.9 M 5,783
EEME MSCI Emerging Markets EMEA Index Fund 8.62 $9.9 M 6,480
CHIM China Materials ETF 8.63 $2.2 M 1,665
FCHI FTSE China (HK Listed) Index Fund 8.96 $27.3 M 2,727
GDXJ Market Vectors Junior Gold Miners ETF 9.16 $1,835.5 M 3,767,730
BKF MSCI BRIC Index Fund 9.20 $384.9 M 99,854
MCHI iShares MSCI China ETF 9.32 $971.6 M 531,230
RPV S&P 500 Pure Value ETF 9.33 $744.6 M 196,303
GXC SPDR S&P China ETF 9.47 $775.2 M 160,035
BIK SPDR S&P BRIC 40 9.48 $157.4 M 107,667
EMFN MSCI Emerging Markets Financials Sector Index Fund 9.54 $6.1 M 856
TUR MSCI Turkey ETF 9.57 $567.3 M 591,744
ECNS iShares MSCI China Small-Cap ETF 9.62 $32.0 M 5,783
AIA iShares Asia 50 ETF 9.67 $270.0 M 20,865
DEM Emerging Markets Equity Income Fund 9.69 $3,857.6 M 822,544
GGGG Pure Gold Miners ETF 9.74 $4.2 M 6,063
YAO China All-Cap ETF 9.77 $55.5 M 19,216
EWY iShares MSCI South Korea Capped ETF 9.90 $4,377.6 M 3,244,262
EDIV SPDR S&P Emerging Markets Dividend ETF 9.91 $482.1 M 114,492
AFK Market Vectors-Africa Index ETF 9.96 $116.2 M 26,606
RWW Financials Sector Fund 9.99 $31.2 M 3,559
FCA China AlphaDEX Fund 10.07 $4.4 M 2,583
KBWD KBW High Dividend Yield Financial Portfolio 10.10 $242.9 M 51,433
GULF Middle East Dividend ETF 10.10 $74.8 M 55,184
GUR SPDR S&P Emerging Europe ETF 10.13 $78.8 M 26,540
CHII China Industrials ETF 10.15 $4.1 M 1,271
FXO Financials AlphaDEX Fund 10.22 $926.2 M 576,773
FILL iShares MSCI Global Energy Producers ETF 10.27 $5.4 M 1,598
RYF S&P Equal Weight Financial ETF 10.36 $119.3 M 49,938
RSX Market Vectors Russia ETF 10.42 $1,296.1 M 7,688,255
KBWP KBW Property & Casualty Insurance Portfolio 10.52 $9.4 M 5,387
UGEM Utilities GEMS ETF 10.68 $0.8 M 4,958
FEM Emerging Markets AlphaDEX Fund 10.74 $335.7 M 440,727
IPW SPDR S&P International Energy Sector ETF 10.74 $13.6 M 3,997
VNM Market Vectors Vietnam ETF 10.76 $500.5 M 434,170
AGEM GEMS Composite ETF 10.78 $11.3 M 8,445
EPI India Earnings Fund 10.78 $961.0 M 4,490,981
JKI iShares Morningstar Mid-Cap Value ETF 10.84 $188.0 M 11,098
THD MSCI Thailand Capped ETF 10.88 $546.4 M 253,079
SPHB S&P 500 High Beta Portfolio 10.95 $238.2 M 320,398
CHIE China Energy ETF 10.95 $3.7 M 1,387
EEM iShares MSCI Emerging Markets ETF 11.01 $36,004.3 M 79,941,734
AXEN iShares MSCI ACWI ex U.S. Energy ETF 11.09 $5.2 M 3,715
RTR ADR Fund 11.10 $23.7 M 1,764
FDD STOXX European Select Dividend Index Fund 11.14 $115.1 M 65,370
SEA Shipping ETF 11.15 $117.1 M 136,052
HAO China Small Cap ETF 11.16 $228.3 M 107,030
PFI DWA Financial Momentum 11.31 $35.9 M 10,208
CARZ NASDAQ Global Auto Index Fund 11.34 $59.7 M 19,357
DGS Emerging Market SmallCap Fund 11.42 $1,849.1 M 177,587
FKO South Korea AlphaDEX Fund 11.44 $5.4 M 1,936
CVY Multi-Asset Income ETF 11.49 $1,239.2 M 205,105
BICK BICK Index Fund 11.51 $17.4 M 3,240
EIS iShares MSCI Israel Capped ETF 11.61 $129.0 M 80,416
AXJS MSCI All Country Asia ex Japan Small Cap Index Fund 11.62 $5.8 M 14,471
FTA Large Cap Value AlphaDEX Fund 11.63 $803.2 M 101,638
PWV Dynamic LargeCap Value 11.64 $779.0 M 89,076
VWO Emerging Markets ETF 11.71 $43,394.9 M 19,668,041
RKH Market Vectors Bank and Brokerage ETF 11.73 $15.4 M 1,336
EWU iShares MSCI United Kingdom ETF 11.73 $4,136.0 M 2,822,537
XLF Financial Select Sector SPDR 11.81 $17,891.8 M 48,942,832
FCG ISE-Revere Natural Gas Index Fund 11.81 $499.2 M 528,148
IXG iShares Global Financials ETF 11.82 $316.4 M 51,475
AAXJ MSCI All Country Asia ex Japan Index Fund 11.82 $2,337.5 M 669,560
EUFN MSCI Europe Financials Sector Index Fund 11.87 $488.8 M 216,844
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 $412.3 M 38,054
PZI Zacks Micro Cap 11.95 $62.4 M 20,103
ADRE BLDRS Emerging Markets 50 ADR Index Fund 11.97 $210.6 M 25,902
ADRA BLDRS Asia 50 ADR Index Fund 11.97 $26.8 M 5,761
FGD DJ Global Select Dividend Index Fund 11.99 $498.2 M 72,079
JKF Morningstar Large Value Index Fund 12.03 $286.3 M 11,908