100 Non-Leveraged 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, excluding leveraged and inverse products. You may also wish to peruse our list of the 100 equity ETFs with the highest P/E ratios.

To include leveraged and inverse ETFs in this list, click here.

Symbol	Name	P/E Ratio	AUM	Avg Daily Share Volume (3mo)
INDF	Range India Financials ETF	0.04	$11,359.00	3,528
TEQI	T. Rowe Price Equity Income ETF	1.52	$440,173.00	12,800
TSPA	T. Rowe Price U.S. Equity Research ETF	2.05	$4,169,360.00	598,737
TCHP	T. Rowe Price Blue Chip Growth ETF	2.15	$2,118,420.00	235,217
TGRW	T. Rowe Price Growth Stock ETF	2.29	$991,332.00	12,792
TDVG	T. Rowe Price Dividend Growth ETF	2.39	$1,407,700.00	55,219
CHIQ	Global X MSCI China Consumer Discretionary ETF	6.23	$124,594.00	39,024
EWZS	iShares MSCI Brazil Small-Cap ETF	7.74	$232,523.00	390,324
SDIV	Global X SuperDividend ETF	7.85	$1,217,740.00	453,906
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	8.08	$3,448,550.00	3,640,211
BRF	VanEck Brazil Small-Cap ETF	8.10	$22,003.50	7,206
MKOR	Matthews Korea Active ETF	8.10	$130,989.00	25,135
EPHE	iShares MSCI Philippines ETF	8.73	$132,160.00	116,959
UAE	iShares MSCI UAE ETF	8.78	$305,611.00	366,276
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	8.82	$248,390.00	34,090
PBDC	Putnam BDC Income ETF	8.86	$280,802.00	142,348
DVYE	iShares Emerging Markets Dividend ETF	9.04	$1,198,060.00	194,724
SOCL	Global X Social Media ETF	9.12	$91,377.60	8,241
VEM	Virtus Emerging Markets Dividend ETF	9.38	$6,492.60	379
HWSM	Hotchkis & Wiley SMID Cap Diversified Value Fund	9.40	$2,817.90	298
BRAZ	Global X Brazil Active ETF	9.49	$9,789.35	1,657
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	9.51	$44,099.10	3,875
EIDO	iShares MSCI Indonesia ETF	9.55	$486,049.00	1,574,622
RNIN	Bushido Capital US SMID Cap Equity ETF	9.70	$171,485.00	4,067
IDX	VanEck Indonesia Index ETF	9.71	$32,048.80	75,168
KBWP	Invesco KBW Property & Casualty Insurance ETF	9.78	$265,583.00	14,806
SEEM	SEI Select Emerging Markets Equity ETF	9.92	$595,533.00	52,086
BREE	MFS Blended Research Emerging Markets Equity ETF	10.11	$25,147.00	2,222
FXO	First Trust Financials AlphaDEX Fund	10.13	$1,116,640.00	60,108
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	10.14	$12,952.50	1,327
XPH	State Street SPDR S&P Pharmaceuticals ETF	10.17	$476,303.00	75,756
BIZD	VanEck BDC Income ETF	10.18	$1,628,080.00	3,321,022
EWZ	iShares MSCI Brazil ETF	10.38	$8,923,250.00	24,217,826
WOOD	iShares Global Timber & Forestry ETF	10.49	$256,825.00	15,656
MVPA	Miller Value Partners Appreciation ETF	10.50	$70,104.90	1,632
FLBR	Franklin FTSE Brazil ETF	10.52	$531,335.00	235,076
SEA	U.S. Global Sea to Sky Cargo ETF	10.53	$15,036.50	15,184
WBIY	WBI Power Factor High Dividend ETF	10.55	$62,546.90	4,038
EYLD	Cambria Emerging Shareholder Yield ETF	10.57	$831,900.00	122,590
KIE	State Street SPDR S&P Insurance ETF	10.70	$651,270.00	1,305,071
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	10.74	$1,427,860.00	111,665
FLN	First Trust Latin America AlphaDEX Fund	10.85	$37,105.50	14,819
FXI	iShares China Large-Cap ETF	10.87	$4,123,410.00	27,854,988
MCH	Matthews China Active ETF	11.00	$21,908.80	2,656
GREK	Global X MSCI Greece ETF	11.08	$279,187.00	95,419
DINT	Davis Select International ETF	11.10	$279,086.00	14,465
QAT	iShares MSCI Qatar ETF	11.17	$65,537.60	53,043
FCA	First Trust China AlphaDEX Fund	11.18	$31,368.10	67,314
IAK	iShares U.S. Insurance ETF	11.21	$503,746.00	76,306
KBE	State Street SPDR S&P Bank ETF	11.23	$1,679,890.00	2,053,494
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	11.23	$380,160.00	17,556
KBWD	Invesco KBW High Dividend Yield Financial ETF	11.24	$423,812.00	352,154
ABCS	Alpha Blue Capital US Small-Mid Cap Dynamic ETF	11.30	$12,088.20	1,841
DEM	WisdomTree Emerging Markets High Dividend Fund	11.32	$3,818,420.00	198,165
FGD	First Trust Dow Jones Global Select Dividend Index Fund	11.33	$1,507,210.00	200,417
GXC	State Street SPDR S&P China ETF	11.39	$440,113.00	23,248
REFA	Columbia Research Enhanced International Equity ETF	11.41	$5,611.17	559
FGM	First Trust Germany AlphaDEX Fund	11.43	$97,002.20	6,195
DFNL	Davis Select Financial ETF	11.50	$460,413.00	44,083
MEMX	Matthews Emerging Markets ex China Active ETF	11.50	$51,686.50	2,975
AFK	VanEck Africa Index ETF	11.51	$97,189.90	68,976
FNK	First Trust Mid Cap Value AlphaDEX Fund	11.51	$226,127.00	5,114
KRE	State Street SPDR S&P Regional Banking ETF	11.53	$4,901,230.00	14,474,998
EDIV	State Street SPDR S&P Emerging Markets Dividend ETF	11.54	$1,231,320.00	132,292
BRIE	MFS Blended Research International Equity ETF	11.54	$387,544.00	142,260
EMIF	iShares Emerging Markets Infrastructure ETF	11.58	$12,903.30	2,849
FDD	First Trust STOXX European Select Dividend Index Fund	11.59	$852,662.00	137,179
FLLA	Franklin FTSE Latin America ETF	11.81	$107,516.00	41,576
EUFN	iShares MSCI Europe Financials ETF	11.82	$3,870,970.00	1,245,271
MYLD	Cambria Micro and SmallCap Shareholder Yield ETF	11.85	$34,034.40	5,371
SYLD	Cambria Shareholder Yield ETF	11.87	$982,517.00	47,237
ECNS	iShares MSCI China Small-Cap ETF	11.91	$63,401.50	15,644
FLOW	Global X U.S. Cash Flow Kings 100 ETF	11.94	$29,145.10	1,225
PXH	Invesco RAFI Emerging Markets ETF	11.98	$1,886,390.00	244,067
MEM	Matthews Emerging Markets Equity Active ETF	12.00	$52,204.00	2,786
RNEM	First Trust Emerging Markets Equity Select ETF	12.01	$16,753.30	952
FBDC	FT Confluence BDC & Specialty Finance Income ETF	12.01	$34,815.40	11,238
VIDI	Vident International Equity Strategy ETF	12.02	$432,991.00	16,254
FNDE	Schwab Fundamental Emerging Markets Equity ETF	12.07	$9,333,570.00	845,330
JPSV	JPMorgan Active Small Cap Value ETF	12.08	$27,499.90	659
ILF	iShares Latin America 40 ETF	12.10	$3,710,820.00	2,495,587
DWLD	Davis Select Worldwide ETF	12.10	$589,363.00	18,863
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	12.12	$762,840.00	41,797
EVLU	iShares MSCI Emerging Markets Value Factor ETF	12.18	$14,153.00	2,798
FDM	First Trust Dow Jones Select MicroCap Index Fund	12.19	$261,073.00	9,805
UEVM	VictoryShares Emerging Markets Value Momentum ETF	12.19	$243,818.00	4,595
XMVM	Invesco S&P MidCap Value with Momentum ETF	12.19	$495,956.00	26,611
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	12.19	$1,599,170.00	105,529
ADIV	Guinness Atkinson Asia Pacific Dividend Builder ETF	12.20	$53,447.20	5,179
PEMX	Putnam Emerging Markets ex-China ETF	12.25	$30,804.40	2,851
GNR	State Street SPDR S&P Global Natural Resources ETF	12.27	$4,599,720.00	256,800
EFAS	Global X MSCI SuperDividend® EAFE ETF	12.27	$50,241.40	15,971
XLE	State Street Energy Select Sector SPDR ETF	12.29	$38,122,700.00	35,852,445
BINV	Brandes International ETF	12.34	$510,961.00	43,381
FTXO	First Trust Nasdaq Bank ETF	12.35	$306,108.00	107,227
OAIM	OneAscent International Equity ETF	12.38	$358,274.00	22,849
HERO	Global X Video Games & Esports ETF	12.39	$61,959.60	30,316
MLPA	Global X MLP ETF	12.40	$2,233,700.00	200,541
ADVE	Matthews Asia Dividend Active ETF	12.40	$8,970.80	640
SMRI	Bushido Capital US Equity ETF	12.50	$616,709.00	10,019

Read Next

Most Popular ETFs: Top 100 ETFs By Trading Volume

Best Performing ETFs Of The Past 5 Years

Browse ETFs By Themes

The Cheapest ETFs: Find The Lowest Expense Ratio ETFs

The Highest Dividend Yield ETFs

Compare Any Two ETFs Head-to-Head

Popular Topics