Correlation
The correlation between OTEC and IVV is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OTEC vs. IVV
Compare and contrast key facts about OceanTech Acquisitions I Corp. (OTEC) and iShares Core S&P 500 ETF (IVV).
IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTEC or IVV.
Performance
OTEC vs. IVV - Performance Comparison
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Key characteristics
Returns By Period
OTEC
N/A
N/A
N/A
N/A
N/A
N/A
N/A
IVV
1.01%
6.43%
-0.85%
13.63%
14.12%
15.92%
12.79%
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Risk-Adjusted Performance
OTEC vs. IVV — Risk-Adjusted Performance Rank
OTEC
IVV
OTEC vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OceanTech Acquisitions I Corp. (OTEC) and iShares Core S&P 500 ETF (IVV). 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.
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Dividends
OTEC vs. IVV - Dividend Comparison
OTEC has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.31%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
OTEC OceanTech Acquisitions I Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.31% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
Drawdowns
OTEC vs. IVV - Drawdown Comparison
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Volatility
OTEC vs. IVV - Volatility Comparison
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