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
|
$81.2 M
|
12,048
|
|
PSP
|
Listed Private Equity
|
5.85
|
$263.7 M
|
354,311
|
|
FAA
|
Airline ETF
|
6.12
|
$17.8 M
|
9,710
|
|
HAO
|
China Small Cap ETF
|
7.13
|
$160.5 M
|
117,605
|
|
PXE
|
Dynamic Energy E&P
|
7.36
|
$74.4 M
|
21,760
|
|
GUR
|
SPDR S&P Emerging Europe ETF
|
7.41
|
$100.3 M
|
27,606
|
|
VNM
|
Market Vectors Vietnam ETF
|
7.42
|
$246.9 M
|
152,833
|
|
KWT
|
Market Vectors Solar Energy ETF
|
7.60
|
$15.6 M
|
50,560
|
|
DNL
|
Global ex-U.S. Growth Fund
|
7.72
|
$62.0 M
|
5,260
|
|
FCA
|
China AlphaDEX Fund
|
7.72
|
$3.3 M
|
2,726
|
|
EWI
|
MSCI Italy Index Fund
|
7.76
|
$149.1 M
|
324,962
|
|
BIK
|
SPDR S&P BRIC 40
|
7.85
|
$377.8 M
|
152,111
|
|
PFA
|
Dynamic Developed International Opportunities Portfolio
|
7.85
|
$19.5 M
|
5,665
|
|
TUR
|
MSCI Turkey Investable Market Index Fund
|
8.11
|
$434.4 M
|
205,832
|
|
GXC
|
SPDR S&P China ETF
|
8.30
|
$780.2 M
|
139,124
|
|
SLX
|
Market Vectors Steel Index ETF Fund
|
8.30
|
$178.3 M
|
76,624
|
|
FCHI
|
FTSE China (HK Listed) Index Fund
|
8.31
|
$37.5 M
|
6,339
|
|
IPF
|
SPDR S&P International Financial Sector ETF
|
8.38
|
$5.2 M
|
4,495
|
|
RPV
|
S&P 500 Pure Value ETF
|
8.59
|
$89.3 M
|
28,213
|
|
EGPT
|
Egypt Index ETF
|
8.62
|
$46.0 M
|
45,451
|
|
EWY
|
MSCI South Korea Index Fund
|
8.67
|
$3,382.0 M
|
2,646,490
|
|
KIE
|
SPDR S&P Insurance ETF
|
8.75
|
$140.2 M
|
144,506
|
|
PAGG
|
Global Agriculture Portfolio
|
8.78
|
$117.3 M
|
20,029
|
|
EWO
|
MSCI Austria Index Fund
|
8.84
|
$68.6 M
|
104,878
|
|
EWP
|
MSCI Spain Index Fund
|
8.91
|
$119.1 M
|
135,054
|
|
DGS
|
Emerging Market SmallCap Fund
|
8.91
|
$883.6 M
|
157,905
|
|
EFV
|
MSCI Value Index Fund
|
8.96
|
$1,320.6 M
|
245,992
|
|
PGJ
|
Golden Dragon Halter USX China Portfolio
|
8.99
|
$257.6 M
|
45,729
|
|
FEZ
|
SPDR DJ Euro STOXX 50 ETF
|
9.02
|
$246.8 M
|
149,686
|
|
EWX
|
SPDR S&P Emerging Markets Small Cap ETF
|
9.08
|
$869.5 M
|
90,862
|
|
TAN
|
Solar ETF
|
9.10
|
$92.2 M
|
587,075
|
|
FKO
|
South Korea AlphaDEX Fund
|
9.16
|
$1.3 M
|
1,805
|
|
EPU
|
MSCI All Peru Capped Index Fund
|
9.19
|
$497.4 M
|
143,668
|
|
PSTL
|
Global Steel Portfolio
|
9.21
|
$4.4 M
|
1,339
|
|
PIC
|
Dynamic Insurance
|
9.23
|
$7.3 M
|
1,419
|
|
EDIV
|
SPDR S&P Emerging Markets Dividend ETF
|
9.24
|
$260.7 M
|
91,817
|
|
PAF
|
FTSE RAFI Asia Pacific ex-Japan Portfolio
|
9.28
|
$60.1 M
|
6,667
|
|
VDE
|
Energy ETF
|
9.32
|
$1,888.8 M
|
135,771
|
|
IXG
|
S&P Global Financial Index Fund
|
9.45
|
$164.2 M
|
50,933
|
|
EZU
|
MSCI EMU Index Fund
|
9.50
|
$714.7 M
|
343,351
|
|
XGC
|
International Small Cap LDRs ETF
|
9.51
|
$6.5 M
|
1,678
|
|
EWQ
|
MSCI France Index Fund
|
9.52
|
$281.3 M
|
335,146
|
|
IRV
|
SPDR S&P International Materials Sector ETF
|
9.53
|
$14.6 M
|
4,245
|
|
PXF
|
FTSE RAFI Developed Markets ex-U.S. Portfolio
|
9.56
|
$252.1 M
|
56,295
|
|
EWG
|
MSCI Germany Index Fund
|
9.57
|
$2,909.5 M
|
4,181,922
|
|
FEM
|
Emerging Markets AlphaDEX Fund
|
9.60
|
$34.3 M
|
33,568
|
|
DOL
|
International LargeCap Dividend Fund
|
9.61
|
$143.5 M
|
29,790
|
|
XLF
|
Financial Select Sector SPDR
|
9.62
|
$7,223.8 M
|
79,149,023
|
|
VGK
|
European ETF
|
9.63
|
$2,593.0 M
|
2,140,906
|
|
PFI
|
Dynamic Financial
|
9.63
|
$18.5 M
|
7,463
|
|
IAK
|
Dow Jones U.S. Insurance Index Fund
|
9.73
|
$70.3 M
|
23,051
|
|
FEU
|
SPDR DJ STOXX 50 Etf
|
9.73
|
$30.6 M
|
7,837
|
|
PXI
|
Dynamic Energy
|
9.74
|
$155.1 M
|
35,225
|
|
FDD
|
STOXX European Select Dividend Index Fund
|
9.74
|
$8.6 M
|
16,618
|
|
FDV
|
Strategic Value Index Fund
|
9.75
|
$36.0 M
|
7,078
|
|
PWC
|
XTF: Dynamic Market Portfolio
|
9.75
|
$141.6 M
|
8,686
|
|
EPI
|
India Earnings Fund
|
9.77
|
$915.2 M
|
2,785,760
|
|
LVL
|
S&P Global Dividend Opportunities Index ETF
|
9.77
|
$57.6 M
|
44,857
|
|
MGV
|
Mega Cap 300 Value
|
9.80
|
$380.0 M
|
38,735
|
|
DWM
|
DEFA Fund
|
9.80
|
$356.3 M
|
59,144
|
|
HEDJ
|
International Hedged Equity Fund
|
9.81
|
$19.4 M
|
2,237
|
|
THD
|
MSCI Thailand Index Fund
|
9.85
|
$555.6 M
|
221,830
|
|
RYF
|
S&P Equal Weight Financial ETF
|
9.87
|
$16.2 M
|
4,937
|
|
DTH
|
DEFA High-Yielding Equity Fund
|
9.88
|
$164.7 M
|
28,551
|
|
SEA
|
Shipping ETF
|
9.90
|
$47.4 M
|
30,187
|
|
FEP
|
Europe AlphaDEX Fund
|
9.91
|
$6.1 M
|
8,110
|
|
IDV
|
Dow Jones EPAC Select Dividend
|
9.94
|
$799.6 M
|
363,554
|
|
EWN
|
MSCI Netherlands Index Fund
|
9.95
|
$69.9 M
|
89,530
|
|
FDT
|
Developed Markets Ex-US AlphaDEX Fund
|
9.95
|
$23.1 M
|
11,102
|
|
EWU
|
MSCI United Kingdom Index Fund
|
9.97
|
$1,447.0 M
|
1,697,989
|
|
IST
|
SPDR S&P International Telecommunications Sector ETF
|
9.97
|
$14.8 M
|
7,844
|
|
VAW
|
Materials ETF
|
9.97
|
$645.9 M
|
72,727
|
|
DWX
|
SPDR S&P International Dividend ETF
|
9.99
|
$759.9 M
|
222,686
|
|
GWX
|
SPDR S&P International SmallCap ETF
|
9.99
|
$733.1 M
|
198,206
|
|
IXC
|
S&P Global Energy Index Fund
|
10.03
|
$1,184.1 M
|
206,262
|
|
VEA
|
Europe Pacific
|
10.06
|
$7,591.9 M
|
2,438,779
|
|
IPW
|
SPDR S&P International Energy Sector ETF
|
10.07
|
$10.8 M
|
3,396
|
|
FTA
|
Large Cap Value AlphaDEX Fund
|
10.07
|
$210.6 M
|
41,221
|
|
ICLN
|
S&P Global Clean Energy Index Fund
|
10.08
|
$36.5 M
|
28,044
|
|
FJP
|
Japan AlphaDEX Fund
|
10.08
|
$3.9 M
|
2,076
|
|
VTV
|
Value ETF
|
10.13
|
$5,484.6 M
|
411,176
|
|
GMM
|
SPDR S&P Emerging Markets ETF
|
10.15
|
$166.4 M
|
23,741
|
|
DGT
|
SPDR Global Dow ETF
|
10.16
|
$102.5 M
|
9,581
|
|
RFV
|
S&P Midcap 400 Pure Value
|
10.16
|
$44.4 M
|
9,783
|
|
ADRA
|
BLDRS Asia 50 ADR Index Fund
|
10.17
|
$33.3 M
|
3,939
|
|
VEU
|
FTSE All World Ex US ETF
|
10.17
|
$6,508.2 M
|
1,112,540
|
|
JKF
|
Morningstar Large Value Index Fund
|
10.22
|
$249.8 M
|
33,941
|
|
RWV
|
Navallier Overall A-100 Fund
|
10.26
|
$9.5 M
|
750
|
|
FXO
|
Financials AlphaDEX Fund
|
10.32
|
$121.8 M
|
107,502
|
|
KBE
|
SPDR S&P Bank ETF
|
10.33
|
$1,394.1 M
|
3,436,425
|
|
GULF
|
Middle East Dividend ETF
|
10.33
|
$15.0 M
|
6,040
|
|
EEN
|
EW Euro-Pacific LDRs ETF
|
10.38
|
$2.7 M
|
1,238
|
|
VSS
|
FTSE All-World ex-US Small Cap Index ETF
|
10.40
|
$920.2 M
|
62,737
|
|
FXN
|
Energy AlphaDEX Fund
|
10.41
|
$91.7 M
|
37,938
|
|
EWK
|
MSCI Belgium Index Fund
|
10.42
|
$25.7 M
|
33,116
|
|
MXI
|
S&P Global Materials Sector Index Fund
|
10.42
|
$554.2 M
|
75,448
|
|
PID
|
Intl Dividend Achievers
|
10.42
|
$665.8 M
|
448,786
|
