OTIS vs. GLDM
Compare and contrast key facts about Otis Worldwide Corporation (OTIS) and SPDR Gold MiniShares Trust (GLDM).
GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTIS or GLDM.
Performance
OTIS vs. GLDM - Performance Comparison
Returns By Period
In the year-to-date period, OTIS achieves a 14.43% return, which is significantly lower than GLDM's 26.42% return.
OTIS
14.43%
-4.57%
4.65%
21.11%
N/A
N/A
GLDM
26.42%
-4.04%
7.50%
31.60%
12.01%
N/A
Key characteristics
| OTIS | GLDM | |
|---|---|---|
| Sharpe Ratio | 1.21 | 2.15 |
| Sortino Ratio | 1.61 | 2.87 |
| Omega Ratio | 1.23 | 1.37 |
| Calmar Ratio | 2.37 | 3.90 |
| Martin Ratio | 5.23 | 12.90 |
| Ulcer Index | 4.20% | 2.45% |
| Daily Std Dev | 18.15% | 14.75% |
| Max Drawdown | -29.99% | -21.63% |
| Current Drawdown | -4.57% | -6.36% |
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Correlation
The correlation between OTIS and GLDM is 0.11, 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.
Risk-Adjusted Performance
OTIS vs. GLDM - Risk-Adjusted Performance 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.
Dividends
OTIS vs. GLDM - Dividend Comparison
OTIS's dividend yield for the trailing twelve months is around 1.50%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
OTIS Otis Worldwide Corporation | 1.50% | 1.46% | 1.42% | 1.06% | 0.89% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OTIS vs. GLDM - Drawdown Comparison
The maximum OTIS drawdown since its inception was -29.99%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for OTIS and GLDM. For additional features, visit the drawdowns tool.
Volatility
OTIS vs. GLDM - Volatility Comparison
Otis Worldwide Corporation (OTIS) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 5.49% and 5.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.