XLU currently shows a 18.69 price-to-earnings and a 1.87 price-to-book. The S&P 500 Utilities Sector is showing a 12-month forward price-to-earnings ratio of 19, compared to its 10-year average of 14 and will above the PE of 16.4 for the broader index.

Related: Will the Utilities ETF Sector Keep Shining?

The trailing 12-month PE ratio for utilities of 19.85 is now higher than that of the more volatile technology sector at 19.16.

For more information on defensive ETFs, visit our defensive ETF category.

Utilities Select Sector SPDR