To prepare for potential economic downturns, it’s crucial to be financially ready. While recessions are inevitable, focusing on defensive sectors like consumer staples can be beneficial. The Consumer Staples Select Sector SPDR Fund (XLP) offers exposure to household names and historically performs well during tough economic times. With a dividend yield of about 2.7%, it can provide a cushion during market pullbacks. While it may not deliver high returns, it serves as a defensive addition to your portfolio.

Read more at Yahoo Finance: The Safest Dividend ETF for a Recession — Based on 30 Years of Market Data