FKUTX

therealjerseytom

Only by virtue of that last bit of uptick over the past year. Look longer: https://totalrealreturns.com/n/VFINX,FKUTX? To be overweight in utilities in a defensive/short-term account? Sure; I do that. Less volatility and draw-down, less economically sensitive. For a 30-40 year time horizon? Makes no sense to me to be overweight in defensive sectors.

rao-blackwell-ized

[Here's roughly 50 years.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=100&allocation1_2=90&symbol2=FKUTX&allocation2_2=10&allocation2_3=100) Albeit prob not the best fund. I tilt toward Utilities to diversify away from my human capital in tech. Fun fact: Utilities are the least explained by the known equity risk factors that explain returns and have the lowest correlation to the broader market of any sector.