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.

Symbol
Name
P/E Ratio
AUM
Avg Volume
EIS MSCI Israel Capped Investable Market Index Fund 4.94 $68.7 M 37,031
PSP Listed Private Equity 5.85 $267.6 M 214,932
FAA Airline ETF 6.12 $14.9 M 7,897
HAO China Small Cap ETF 7.13 $162.3 M 124,217
PXE Dynamic Energy E&P 7.36 $60.9 M 25,345
GUR SPDR S&P Emerging Europe ETF 7.41 $72.4 M 27,445
VNM Market Vectors Vietnam ETF 7.42 $304.9 M 271,691
KWT Market Vectors Solar Energy ETF 7.60 $9.3 M 43,275
FCA China AlphaDEX Fund 7.72 $3.0 M 3,707
DNL Global ex-U.S. Growth Fund 7.72 $58.0 M 6,948
EWI MSCI Italy Index Fund 7.76 $128.3 M 555,402
IDHQ S&P International Developed High Quality Portfolio Fund 7.85 $15.7 M 2,588
BIK SPDR S&P BRIC 40 7.85 $279.9 M 141,138
TUR MSCI Turkey Investable Market Index Fund 8.11 $356.7 M 285,026
GXC SPDR S&P China ETF 8.30 $808.0 M 205,492
SLX Market Vectors Steel Index ETF Fund 8.30 $132.8 M 70,935
FCHI FTSE China (HK Listed) Index Fund 8.31 $28.5 M 4,243
IPF SPDR S&P International Financial Sector ETF 8.38 $4.5 M 7,598
RPV S&P 500 Pure Value ETF 8.59 $80.7 M 29,211
EGPT Egypt Index ETF 8.62 $44.2 M 36,086
EWY MSCI South Korea Index Fund 8.67 $2,598.3 M 2,288,658
KIE SPDR S&P Insurance ETF 8.75 $85.7 M 85,995
PAGG Global Agriculture Portfolio 8.78 $102.1 M 10,455
EWO MSCI Austria Index Fund 8.84 $55.5 M 111,386
DGS Emerging Market SmallCap Fund 8.91 $916.8 M 172,602
EWP MSCI Spain Index Fund 8.91 $142.1 M 437,051
EFV MSCI Value Index Fund 8.96 $1,175.0 M 133,080
PGJ Golden Dragon Halter USX China Portfolio 8.99 $213.3 M 26,634
FEZ SPDR DJ Euro STOXX 50 ETF 9.02 $470.1 M 360,148
EWX SPDR S&P Emerging Markets Small Cap ETF 9.08 $826.6 M 118,648
TAN Solar ETF 9.10 $50.6 M 94,557
FKO South Korea AlphaDEX Fund 9.16 $1.1 M 2,324
EPU MSCI All Peru Capped Index Fund 9.19 $399.3 M 288,068
PSTL Global Steel Portfolio 9.21 $2.7 M 1,432
PIC Dynamic Insurance 9.23 $7.0 M 1,611
EDIV SPDR S&P Emerging Markets Dividend ETF 9.24 $281.7 M 83,583
PAF FTSE RAFI Asia Pacific ex-Japan Portfolio 9.28 $52.9 M 5,160
VDE Energy ETF 9.32 $1,728.0 M 121,303
IXG S&P Global Financial Index Fund 9.45 $169.5 M 61,878
EZU MSCI EMU Index Fund 9.50 $666.0 M 330,165
EWQ MSCI France Index Fund 9.52 $263.6 M 709,457
IRV SPDR S&P International Materials Sector ETF 9.53 $10.8 M 2,636
PXF FTSE RAFI Developed Markets ex-U.S. Portfolio 9.56 $259.8 M 52,640
EWG MSCI Germany Index Fund 9.57 $2,488.5 M 5,110,863
FEM Emerging Markets AlphaDEX Fund 9.60 $75.5 M 74,846
DOL International LargeCap Dividend Fund 9.61 $156.5 M 25,417
XLF Financial Select Sector SPDR 9.62 $5,677.9 M 84,410,984
PFI Dynamic Financial 9.63 $17.0 M 4,873
VGK European ETF 9.63 $2,058.5 M 1,630,006
IAK Dow Jones U.S. Insurance Index Fund 9.73 $65.3 M 15,580
FEU SPDR DJ STOXX 50 Etf 9.73 $28.3 M 7,091
FDD STOXX European Select Dividend Index Fund 9.74 $10.5 M 9,689
PXI Dynamic Energy 9.74 $112.1 M 56,597
PWC XTF: Dynamic Market Portfolio 9.75 $120.8 M 7,855
FDV Strategic Value Index Fund 9.75 $30.4 M 4,931
EPI India Earnings Fund 9.77 $746.5 M 2,833,711
LVL S&P Global Dividend Opportunities Index ETF 9.77 $51.9 M 32,122
MGV Mega Cap 300 Value 9.80 $377.9 M 25,566
DWM DEFA Fund 9.80 $365.7 M 54,258
HEDJ International Hedged Equity Fund 9.81 $24.2 M 3,295
THD MSCI Thailand Index Fund 9.85 $709.9 M 324,352
RYF S&P Equal Weight Financial ETF 9.87 $14.2 M 4,210
DTH DEFA High-Yielding Equity Fund 9.88 $156.6 M 26,545
SEA Shipping ETF 9.90 $30.4 M 51,532
FEP Europe AlphaDEX Fund 9.91 $3.2 M 2,559
IDV Dow Jones EPAC Select Dividend 9.94 $883.2 M 262,729
EWN MSCI Netherlands Index Fund 9.95 $57.0 M 71,791
FDT Developed Markets Ex-US AlphaDEX Fund 9.95 $53.6 M 32,751
EWU MSCI United Kingdom Index Fund 9.97 $1,299.7 M 1,657,560
VAW Materials ETF 9.97 $606.3 M 69,540
IST SPDR S&P International Telecommunications Sector ETF 9.97 $17.8 M 11,989
GWX SPDR S&P International SmallCap ETF 9.99 $671.0 M 84,002
DWX SPDR S&P International Dividend ETF 9.99 $765.1 M 239,118
IXC S&P Global Energy Index Fund 10.03 $1,062.7 M 214,448
VEA Europe Pacific 10.06 $7,739.0 M 2,563,878
IPW SPDR S&P International Energy Sector ETF 10.07 $10.4 M 2,069
FTA Large Cap Value AlphaDEX Fund 10.07 $233.1 M 56,814
FJP Japan AlphaDEX Fund 10.08 $3.5 M 4,650
ICLN S&P Global Clean Energy Index Fund 10.08 $27.8 M 18,062
VTV Value ETF 10.13 $5,693.3 M 395,366
GMM SPDR S&P Emerging Markets ETF 10.15 $189.6 M 28,806
DGT SPDR Global Dow ETF 10.16 $89.6 M 7,454
RFV S&P Midcap 400 Pure Value 10.16 $32.7 M 7,055
ADRA BLDRS Asia 50 ADR Index Fund 10.17 $27.0 M 2,624
VEU FTSE All World Ex US ETF 10.17 $6,255.3 M 855,754
JKF Morningstar Large Value Index Fund 10.22 $235.9 M 9,683
RWV Navallier Overall A-100 Fund 10.26 $7.6 M 1,457
FXO Financials AlphaDEX Fund 10.32 $153.8 M 396,778
KBE SPDR S&P Bank ETF 10.33 $1,456.6 M 3,608,418
GULF Middle East Dividend ETF 10.33 $13.2 M 5,170
VSS FTSE All-World ex-US Small Cap Index ETF 10.40 $873.6 M 51,151
FXN Energy AlphaDEX Fund 10.41 $76.1 M 50,260
MXI S&P Global Materials Sector Index Fund 10.42 $451.9 M 69,095
EWK MSCI Belgium Index Fund 10.42 $25.8 M 70,888

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