Investing in utility stocks can be an effective way to minimize risk and volatility, while collecting a solid payout. A safer alternative this year may be to invest in utility stocks, and an excellent way to do so is through the Vanguard Utilities Index Fund ETF (VPU 0.40%). The Vanguard fund has low fees and a great yieldUtility companies generate consistent, recurring revenue. Currently, the Vanguard Utilities Index Fund yields 2.7%, which is more than double the S&P 500 average of 1.1%. But if the market faces a correction or crash this year, the fund may help keep your losses to a minimum.