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
SMCP	SMART Mid Cap ETF	0.09	$3,135.26	2,573
TEQI	T. Rowe Price Equity Income ETF	1.60	$403,785.00	8,652
TSPA	T. Rowe Price U.S. Equity Research ETF	2.05	$3,552,100.00	433,783
TCHP	T. Rowe Price Blue Chip Growth ETF	2.15	$2,208,450.00	221,989
TGRW	T. Rowe Price Growth Stock ETF	2.29	$1,034,690.00	8,117
TDVG	T. Rowe Price Dividend Growth ETF	2.39	$1,342,520.00	51,617
CHIQ	Global X MSCI China Consumer Discretionary ETF	6.66	$135,000.00	59,278
EWZS	iShares MSCI Brazil Small-Cap ETF	7.79	$225,124.00	520,206
SDIV	Global X SuperDividend ETF	7.99	$1,220,830.00	541,542
MKOR	Matthews Korea Active ETF	8.10	$152,348.00	28,508
BRF	VanEck Brazil Small-Cap ETF	8.62	$22,936.90	7,665
SOCL	Global X Social Media ETF	9.02	$94,895.70	10,278
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	9.05	$262,598.00	36,903
EPHE	iShares MSCI Philippines ETF	9.08	$132,269.00	140,186
UAE	iShares MSCI UAE ETF	9.10	$297,352.00	668,502
DVYE	iShares Emerging Markets Dividend ETF	9.11	$1,288,880.00	167,542
PBDC	Putnam BDC Income ETF	9.21	$276,699.00	169,958
VEM	Virtus Emerging Markets Dividend ETF	9.38	$7,178.61	2,002
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	9.39	$44,143.40	7,691
HWSM	Hotchkis & Wiley SMID Cap Diversified Value Fund	9.40	$2,671.20	348
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	9.53	$3,472,700.00	4,817,840
RNIN	Bushido Capital US SMID Cap Equity ETF	9.70	$157,892.00	4,728
XPH	State Street SPDR S&P Pharmaceuticals ETF	9.87	$337,862.00	56,325
BRAZ	Global X Brazil Active ETF	9.92	$9,995.28	2,152
SEEM	SEI Select Emerging Markets Equity ETF	9.92	$613,155.00	74,918
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	10.07	$13,652.70	2,626
BREE	MFS Blended Research Emerging Markets Equity ETF	10.11	$27,094.20	N/A
BIZD	VanEck BDC Income ETF	10.18	$1,543,950.00	4,014,352
GREK	Global X MSCI Greece ETF	10.19	$273,442.00	129,202
KBWP	Invesco KBW Property & Casualty Insurance ETF	10.28	$241,664.00	13,022
WOOD	iShares Global Timber & Forestry ETF	10.34	$249,863.00	20,552
KIE	State Street SPDR S&P Insurance ETF	10.44	$447,456.00	1,385,055
MVPA	Miller Value Partners Appreciation ETF	10.50	$63,714.90	1,726
KBE	State Street SPDR S&P Bank ETF	10.51	$1,353,620.00	2,355,151
SEA	U.S. Global Sea to Sky Cargo ETF	10.53	$18,500.70	22,848
WBIY	WBI Power Factor High Dividend ETF	10.55	$59,177.00	6,897
EYLD	Cambria Emerging Shareholder Yield ETF	10.57	$794,722.00	103,277
COLO	Global X MSCI Colombia ETF	10.71	$171,759.00	184,389
KRE	State Street SPDR S&P Regional Banking ETF	10.72	$3,734,450.00	15,974,443
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	10.74	$1,455,070.00	92,677
PPEM	Putnam PanAgora ESG Emerging Markets Equity ETF	10.76	$7,604.67	4,749
EWZ	iShares MSCI Brazil ETF	10.79	$9,694,120.00	30,592,355
FXO	First Trust Financials AlphaDEX Fund	10.85	$991,905.00	95,985
FGM	First Trust Germany AlphaDEX Fund	10.87	$100,966.00	14,009
FLBR	Franklin FTSE Brazil ETF	10.91	$548,626.00	333,991
IAK	iShares U.S. Insurance ETF	10.97	$351,855.00	53,234
MCH	Matthews China Active ETF	11.00	$23,639.20	4,185
EIDO	iShares MSCI Indonesia ETF	11.01	$276,987.00	886,245
DINT	Davis Select International ETF	11.10	$294,303.00	15,052
EDIV	State Street SPDR S&P Emerging Markets Dividend ETF	11.18	$1,257,630.00	145,386
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	11.23	$391,500.00	24,563
FDD	First Trust STOXX European Select Dividend Index Fund	11.24	$868,661.00	173,331
ABCS	Alpha Blue Capital US Small-Mid Cap Dynamic ETF	11.30	$11,366.20	2,271
FGD	First Trust Dow Jones Global Select Dividend Index Fund	11.31	$1,437,970.00	245,832
DEM	WisdomTree Emerging Markets High Dividend Fund	11.32	$4,050,270.00	221,280
IDX	VanEck Indonesia Index ETF	11.33	$29,302.80	69,743
FLOW	Global X U.S. Cash Flow Kings 100 ETF	11.36	$28,526.20	1,708
QAT	iShares MSCI Qatar ETF	11.38	$88,100.10	42,362
REFA	Columbia Research Enhanced International Equity ETF	11.41	$5,550.53	559
FXI	iShares China Large-Cap ETF	11.46	$5,583,120.00	30,524,146
DFNL	Davis Select Financial ETF	11.50	$446,957.00	36,111
MEMX	Matthews Emerging Markets ex China Active ETF	11.50	$50,397.20	3,512
KBWD	Invesco KBW High Dividend Yield Financial ETF	11.52	$415,263.00	373,337
BRIE	MFS Blended Research International Equity ETF	11.54	$319,644.00	169,560
FBDC	FT Confluence BDC & Specialty Finance Income ETF	11.58	$33,722.10	10,663
PXH	Invesco RAFI Emerging Markets ETF	11.62	$2,031,320.00	290,312
FLN	First Trust Latin America AlphaDEX Fund	11.64	$35,078.50	23,680
FNDE	Schwab Fundamental Emerging Markets Equity ETF	11.79	$9,762,680.00	1,040,149
GXC	State Street SPDR S&P China ETF	11.81	$474,826.00	34,158
EUFN	iShares MSCI Europe Financials ETF	11.82	$3,552,950.00	1,287,417
MYLD	Cambria Micro and SmallCap Shareholder Yield ETF	11.85	$24,169.90	2,417
FCA	First Trust China AlphaDEX Fund	11.86	$105,052.00	42,038
SYLD	Cambria Shareholder Yield ETF	11.87	$919,226.00	53,718
FNK	First Trust Mid Cap Value AlphaDEX Fund	11.92	$213,772.00	7,700
AFK	VanEck Africa Index ETF	11.93	$111,998.00	86,328
FLLA	Franklin FTSE Latin America ETF	11.98	$109,240.00	59,098
MEM	Matthews Emerging Markets Equity Active ETF	12.00	$57,234.70	5,791
VIDI	Vident International Equity Strategy ETF	12.02	$463,571.00	21,345
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	12.03	$1,325,910.00	127,500
JPSV	JPMorgan Active Small Cap Value ETF	12.08	$24,971.70	755
DWLD	Davis Select Worldwide ETF	12.10	$588,700.00	21,865
FDEM	Fidelity Emerging Markets Multifactor ETF	12.10	$619,800.00	134,943
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	12.12	$845,936.00	36,742
UEVM	VictoryShares Emerging Markets Value Momentum ETF	12.19	$255,858.00	6,651
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	12.19	$1,776,620.00	113,485
ADIV	Guinness Atkinson Asia Pacific Dividend Builder ETF	12.20	$56,601.00	13,926
ILF	iShares Latin America 40 ETF	12.22	$4,248,720.00	3,321,898
EMC	Global X Emerging Markets Great Consumer ETF	12.24	$68,582.10	6,342
EFAS	Global X MSCI SuperDividend® EAFE ETF	12.27	$46,978.00	24,022
IAT	iShares U.S. Regional Banks ETF	12.33	$589,501.00	278,582
PEMX	Putnam Emerging Markets ex-China ETF	12.33	$22,568.50	871
BINV	Brandes International ETF	12.34	$483,292.00	65,303
OAIM	OneAscent International Equity ETF	12.38	$364,870.00	35,289
EMIF	iShares Emerging Markets Infrastructure ETF	12.39	$13,522.10	4,420
XMVM	Invesco S&P MidCap Value with Momentum ETF	12.40	$457,244.00	26,783
ADVE	Matthews Asia Dividend Active ETF	12.40	$7,118.55	1,005
ECH	iShares MSCI Chile ETF	12.41	$1,008,100.00	720,675
RNEM	First Trust Emerging Markets Equity Select ETF	12.46	$16,512.10	1,969
EEMX	State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	12.47	$187,018.00	27,435

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