KNEBV.HE vs. OTIS

Last updated Jun 5, 2026

KNEBV.HE (KONE Oyj) and OTIS (Otis Worldwide Corporation) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 5 years, KNEBV.HE returned -2.72%/yr vs -0.16%/yr for OTIS. At a 0.24 correlation, their price movements are largely independent.

Performance

KNEBV.HE vs. OTIS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in KONE Oyj (KNEBV.HE) and Otis Worldwide Corporation (OTIS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KNEBV.HE is traded in EUR, while OTIS is traded in USD. To make them comparable, the OTIS values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, KNEBV.HE achieves a -14.04% return, which is significantly higher than OTIS's -18.26% return.

KNEBV.HE

• 1D: -0.63%
• 1M: -3.44%
• YTD: -14.04%
• 6M: -13.06%
• 1Y: -5.04%
• 3Y*: 3.38%
• 5Y*: -2.72%
• 10Y*: 5.05%

OTIS

• 1D: -0.24%
• 1M: -6.45%
• YTD: -18.26%
• 6M: -18.55%
• 1Y: -26.45%
• 3Y*: -7.05%
• 5Y*: -0.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KNEBV.HE vs. OTIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KNEBV.HE KONE Oyj	-14.04%	33.28%	8.26%	-3.05%	-22.86%	-4.44%	32.76%
OTIS Otis Worldwide Corporation	-18.26%	-15.38%	12.11%	12.57%	-3.10%	40.16%	31.55%

Correlation

The correlation between KNEBV.HE and OTIS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 20, 2020	0.24

Return for Risk

KNEBV.HE vs. OTIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KNEBV.HE

KNEBV.HE Risk / Return Rank: 29
KNEBV.HE Sharpe Ratio Rank: 30
KNEBV.HE Sortino Ratio Rank: 25
KNEBV.HE Omega Ratio Rank: 26
KNEBV.HE Calmar Ratio Rank: 33
KNEBV.HE Martin Ratio Rank: 28

OTIS

OTIS Risk / Return Rank: 6
OTIS Sharpe Ratio Rank: 3
OTIS Sortino Ratio Rank: 7
OTIS Omega Ratio Rank: 7
OTIS Calmar Ratio Rank: 9
OTIS Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KNEBV.HE vs. OTIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KONE Oyj (KNEBV.HE) and Otis Worldwide Corporation (OTIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	KNEBV.HE	OTIS	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	-1.15	+0.89
Sortino ratio: Return per unit of downside risk	-0.22	-1.46	+1.24
Omega ratio: Gain probability vs. loss probability	0.97	0.80	+0.17
Calmar ratio: Return relative to maximum drawdown	-0.26	-0.88	+0.62
Martin ratio: Return relative to average drawdown	-0.72	-1.77	+1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNEBV.HE vs. OTIS - Sharpe Ratio Comparison

The current KNEBV.HE Sharpe Ratio is -0.26, which is higher than the OTIS Sharpe Ratio of -1.15. The chart below compares the historical Sharpe Ratios of KNEBV.HE and OTIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KNEBV.HE	OTIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	-1.15	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	-0.01	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.30	+0.29

Drawdowns

KNEBV.HE vs. OTIS - Drawdown Comparison

The maximum KNEBV.HE drawdown since its inception was -52.71%, which is greater than OTIS's maximum drawdown of -37.19%. Use the drawdown chart below to compare losses from any high point for KNEBV.HE and OTIS.

Drawdown Indicators

	KNEBV.HE	OTIS	Difference
Max Drawdown Largest peak-to-trough decline	-52.71%	-37.19%	-15.52%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-30.24%	+10.48%
Max Drawdown (3Y) Largest decline over 3 years	-24.92%	-37.19%	+12.27%
Max Drawdown (5Y) Largest decline over 5 years	-46.62%	-37.19%	-9.43%
Max Drawdown (10Y) Largest decline over 10 years	-48.95%	—	—
Current Drawdown Current decline from peak	-22.34%	-36.62%	+14.28%
Average Drawdown Average peak-to-trough decline	-12.63%	-8.05%	-4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	14.94%	-7.95%

Volatility

KNEBV.HE vs. OTIS - Volatility Comparison

The current volatility for KONE Oyj (KNEBV.HE) is 5.69%, while Otis Worldwide Corporation (OTIS) has a volatility of 6.02%. This indicates that KNEBV.HE experiences smaller price fluctuations and is considered to be less risky than OTIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNEBV.HE	OTIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	6.02%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	15.93%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	23.01%	-3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.70%	21.53%	+2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.20%	24.80%	-2.60%

Dividends

KNEBV.HE vs. OTIS - Dividend Comparison

KNEBV.HE's dividend yield for the trailing twelve months is around 3.56%, more than OTIS's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KNEBV.HE KONE Oyj	3.56%	2.97%	3.72%	3.88%	0.72%	0.79%	2.56%	2.83%	3.96%	3.46%	3.29%	3.06%
OTIS Otis Worldwide Corporation	2.43%	1.89%	1.63%	1.46%	1.42%	1.06%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both KNEBV.HE and OTIS in my portfolio?

KNEBV.HE and OTIS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.