iShares U.S. Utilities ETF (IDU) seeks to track the investment results of an index composed of U.S. equities in the utility sector. The ETF has gained 6.6% over the past year.
The stock market has suffered since the beginning of the year due to various headwinds, such as supply chain disruptions, surging inflation, and the Fed’s tightening monetary policy. These factors have increased the odds of the U.S. economy tipping into a recession.
