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
|
