The utilities sector has emerged as the best performing S&P 500 sector in 2024, with a year-to-date growth of 28.5%. This sector has outperformed both the S&P 500 and the tech industries, which have seen significant investor interest. Defensive stocks within the utilities sector, including $AI, have garnered notable attention. Despite a recent decline, the sector remains the third best performer year-to-date, with Communication Services and Financials sectors closely following. Notably, $XLU has led the sector pack with a 27% YTD increase, outperforming by more than 5.5ppt.