OTIS vs. GLDM
OTIS (Otis Worldwide Corporation) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, OTIS returned -0.92%/yr vs 18.18%/yr for GLDM. At a 0.10 correlation, their price movements are largely independent.
Performance
OTIS vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, OTIS achieves a -16.98% return, which is significantly lower than GLDM's -4.72% return.
OTIS
- 1D
- -1.01%
- 1M
- -1.40%
- YTD
- -16.98%
- 6M
- -17.44%
- 1Y
- -23.73%
- 3Y*
- -4.34%
- 5Y*
- -0.92%
- 10Y*
- —
GLDM
- 1D
- -1.91%
- 1M
- -8.82%
- YTD
- -4.72%
- 6M
- -8.62%
- 1Y
- 21.66%
- 3Y*
- 28.79%
- 5Y*
- 18.18%
- 10Y*
- —
OTIS vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OTIS Otis Worldwide Corporation | -16.98% | -3.99% | 5.17% | 16.04% | -8.76% | 30.41% | 70.57% |
GLDM SPDR Gold MiniShares Trust | -4.72% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 27.03% |
Correlation
The correlation between OTIS and GLDM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2020 | 0.10 |
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Return for Risk
OTIS vs. GLDM — Risk / Return Rank
OTIS
GLDM
OTIS vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Otis Worldwide Corporation (OTIS) and SPDR Gold MiniShares Trust (GLDM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OTIS | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.17 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.89 | -1.69 |
| Martin ratioReturn relative to average drawdown | -1.51 | 2.40 | -3.92 |
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Drawdowns
OTIS vs. GLDM - Drawdown Comparison
The maximum OTIS drawdown since its inception was -32.44%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for OTIS and GLDM.
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Drawdown Indicators
| OTIS | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.44% | -24.35% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -24.35% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -24.35% | -8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -24.35% | -8.09% |
Current DrawdownCurrent decline from peak | -30.10% | -23.82% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -6.32% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.69% | 9.05% | +6.64% |
Volatility
OTIS vs. GLDM - Volatility Comparison
The current volatility for Otis Worldwide Corporation (OTIS) is 6.24%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 8.16%. This indicates that OTIS experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTIS | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 8.16% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 24.22% | -7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 27.36% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.15% | 18.15% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.84% | 17.02% | +8.82% |
Dividends
OTIS vs. GLDM - Dividend Comparison
OTIS's dividend yield for the trailing twelve months is around 2.37%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OTIS Otis Worldwide Corporation | 2.37% | 1.89% | 1.63% | 1.46% | 1.42% | 1.06% | 0.89% |
Frequently Asked Questions
OTIS and GLDM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (8.16%) compared to OTIS (6.24%). In terms of maximum drawdown, OTIS dropped -32.44% vs GLDM's -24.35%.
GLDM currently has the higher Sharpe Ratio (0.80 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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