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	$3,468.63	2,573
TEQI	T. Rowe Price Equity Income ETF	1.60	$413,205.00	8,284
TSPA	T. Rowe Price U.S. Equity Research ETF	2.05	$3,971,010.00	608,444
TCHP	T. Rowe Price Blue Chip Growth ETF	2.15	$2,082,080.00	239,077
TGRW	T. Rowe Price Growth Stock ETF	2.29	$985,726.00	13,559
TDVG	T. Rowe Price Dividend Growth ETF	2.39	$1,360,230.00	51,412
CHIQ	Global X MSCI China Consumer Discretionary ETF	6.66	$113,276.00	42,006
EWZS	iShares MSCI Brazil Small-Cap ETF	7.79	$235,428.00	479,341
SDIV	Global X SuperDividend ETF	7.99	$1,193,390.00	471,755
MKOR	Matthews Korea Active ETF	8.10	$147,220.00	24,153
BRF	VanEck Brazil Small-Cap ETF	8.62	$22,399.60	7,866
SOCL	Global X Social Media ETF	9.02	$87,616.60	9,023
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	9.05	$249,883.00	37,478
EPHE	iShares MSCI Philippines ETF	9.08	$130,498.00	114,059
UAE	iShares MSCI UAE ETF	9.10	$310,300.00	446,517
DVYE	iShares Emerging Markets Dividend ETF	9.11	$1,180,240.00	186,553
PBDC	Putnam BDC Income ETF	9.21	$280,881.00	167,073
VEM	Virtus Emerging Markets Dividend ETF	9.38	$6,726.61	500
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	9.39	$43,580.50	5,720
HWSM	Hotchkis & Wiley SMID Cap Diversified Value Fund	9.40	$2,758.50	320
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	9.53	$2,988,600.00	4,071,080
RNIN	Bushido Capital US SMID Cap Equity ETF	9.70	$161,805.00	4,377
XPH	State Street SPDR S&P Pharmaceuticals ETF	9.87	$401,809.00	63,970
BRAZ	Global X Brazil Active ETF	9.92	$9,976.59	1,955
SEEM	SEI Select Emerging Markets Equity ETF	9.92	$600,352.00	48,066
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	10.07	$13,069.10	1,472
BREE	MFS Blended Research Emerging Markets Equity ETF	10.11	$26,437.00	3,777
BIZD	VanEck BDC Income ETF	10.18	$1,630,380.00	3,563,280
GREK	Global X MSCI Greece ETF	10.19	$280,652.00	104,731
KBWP	Invesco KBW Property & Casualty Insurance ETF	10.28	$268,590.00	12,470
WOOD	iShares Global Timber & Forestry ETF	10.34	$247,549.00	17,158
KIE	State Street SPDR S&P Insurance ETF	10.44	$464,365.00	1,259,803
MVPA	Miller Value Partners Appreciation ETF	10.50	$70,357.30	1,747
KBE	State Street SPDR S&P Bank ETF	10.51	$1,527,870.00	2,055,011
SEA	U.S. Global Sea to Sky Cargo ETF	10.53	$17,673.00	12,212
WBIY	WBI Power Factor High Dividend ETF	10.55	$59,910.50	4,078
EYLD	Cambria Emerging Shareholder Yield ETF	10.57	$813,936.00	117,264
COLO	Global X MSCI Colombia ETF	10.71	$197,274.00	210,919
KRE	State Street SPDR S&P Regional Banking ETF	10.72	$4,666,740.00	14,542,643
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	10.74	$1,470,660.00	93,269
EWZ	iShares MSCI Brazil ETF	10.79	$9,098,650.00	26,715,182
FXO	First Trust Financials AlphaDEX Fund	10.85	$1,062,750.00	66,481
FGM	First Trust Germany AlphaDEX Fund	10.87	$96,763.50	9,538
FLBR	Franklin FTSE Brazil ETF	10.91	$521,413.00	300,881
IAK	iShares U.S. Insurance ETF	10.97	$425,039.00	50,300
MCH	Matthews China Active ETF	11.00	$23,134.40	3,331
EIDO	iShares MSCI Indonesia ETF	11.01	$414,968.00	1,357,591
DINT	Davis Select International ETF	11.10	$280,477.00	12,431
EDIV	State Street SPDR S&P Emerging Markets Dividend ETF	11.18	$1,208,550.00	141,627
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	11.23	$378,840.00	16,300
FDD	First Trust STOXX European Select Dividend Index Fund	11.24	$822,261.00	152,686
ABCS	Alpha Blue Capital US Small-Mid Cap Dynamic ETF	11.30	$11,760.10	2,041
FGD	First Trust Dow Jones Global Select Dividend Index Fund	11.31	$1,408,880.00	224,253
DEM	WisdomTree Emerging Markets High Dividend Fund	11.32	$3,859,060.00	197,952
IDX	VanEck Indonesia Index ETF	11.33	$28,333.80	73,064
FLOW	Global X U.S. Cash Flow Kings 100 ETF	11.36	$37,614.90	1,248
QAT	iShares MSCI Qatar ETF	11.38	$66,864.90	53,650
REFA	Columbia Research Enhanced International Equity ETF	11.41	$5,594.94	559
FXI	iShares China Large-Cap ETF	11.46	$4,540,150.00	28,152,199
DFNL	Davis Select Financial ETF	11.50	$456,942.00	38,611
MEMX	Matthews Emerging Markets ex China Active ETF	11.50	$49,435.30	2,703
KBWD	Invesco KBW High Dividend Yield Financial ETF	11.52	$421,322.00	357,784
BRIE	MFS Blended Research International Equity ETF	11.54	$352,339.00	157,908
FBDC	FT Confluence BDC & Specialty Finance Income ETF	11.58	$34,040.20	11,483
PXH	Invesco RAFI Emerging Markets ETF	11.62	$1,860,660.00	251,027
FLN	First Trust Latin America AlphaDEX Fund	11.64	$34,787.30	17,286
FNDE	Schwab Fundamental Emerging Markets Equity ETF	11.79	$9,159,460.00	894,869
GXC	State Street SPDR S&P China ETF	11.81	$426,966.00	33,005
EUFN	iShares MSCI Europe Financials ETF	11.82	$3,662,580.00	1,165,859
MYLD	Cambria Micro and SmallCap Shareholder Yield ETF	11.85	$28,144.40	3,133
FCA	First Trust China AlphaDEX Fund	11.86	$34,671.30	72,766
SYLD	Cambria Shareholder Yield ETF	11.87	$943,247.00	51,559
FNK	First Trust Mid Cap Value AlphaDEX Fund	11.92	$221,814.00	7,906
AFK	VanEck Africa Index ETF	11.93	$99,707.30	65,105
FLLA	Franklin FTSE Latin America ETF	11.98	$106,448.00	51,478
MEM	Matthews Emerging Markets Equity Active ETF	12.00	$54,966.70	5,622
VIDI	Vident International Equity Strategy ETF	12.02	$434,489.00	19,297
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	12.03	$1,297,990.00	123,745
JPSV	JPMorgan Active Small Cap Value ETF	12.08	$26,761.80	777
DWLD	Davis Select Worldwide ETF	12.10	$569,387.00	18,270
FDEM	Fidelity Emerging Markets Multifactor ETF	12.10	$583,568.00	128,841
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	12.12	$810,368.00	47,175
UEVM	VictoryShares Emerging Markets Value Momentum ETF	12.19	$242,718.00	4,211
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	12.19	$1,708,110.00	114,936
ADIV	Guinness Atkinson Asia Pacific Dividend Builder ETF	12.20	$53,949.80	7,458
ILF	iShares Latin America 40 ETF	12.22	$3,750,880.00	2,946,008
EMC	Global X Emerging Markets Great Consumer ETF	12.24	$65,059.00	6,072
EFAS	Global X MSCI SuperDividend® EAFE ETF	12.27	$48,306.10	19,755
IAT	iShares U.S. Regional Banks ETF	12.33	$658,451.00	199,637
PEMX	Putnam Emerging Markets ex-China ETF	12.33	$33,227.60	2,917
BINV	Brandes International ETF	12.34	$498,701.00	43,561
OAIM	OneAscent International Equity ETF	12.38	$365,581.00	23,987
EMIF	iShares Emerging Markets Infrastructure ETF	12.39	$13,295.60	4,416
XMVM	Invesco S&P MidCap Value with Momentum ETF	12.40	$477,951.00	25,891
ADVE	Matthews Asia Dividend Active ETF	12.40	$9,066.60	783
ECH	iShares MSCI Chile ETF	12.41	$1,029,240.00	555,841
RNEM	First Trust Emerging Markets Equity Select ETF	12.46	$16,509.40	1,189
EEMX	State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	12.47	$179,301.00	6,137
SMRI	Bushido Capital US Equity ETF	12.50	$594,637.00	10,556

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