Utilities is the second best performer amongst S&P 500 sectors in Q2 (NYSEARCA:XLU)

The Utilities Select Sector SPDR Fund ETF (NYSEARCA:XLU), which tracks the utilities sector, rose about 5.6% in the second quarter of 2024, coming above the performance of the broader S&P 500 index, which increased 4.6% during the same period.

On a YTD basis, the ETF rose 8.8% while the utility index (SP500-55) had risen 7.6%, but still lagging behind the benchmark index’s rally of nearly 15%. XLE’s growth so far this year is the fourth highest compared to its ten other S&P sector peers.