OTIS vs. QQQ
Compare and contrast key facts about Otis Worldwide Corporation (OTIS) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTIS or QQQ.
Performance
OTIS vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, OTIS achieves a 13.50% return, which is significantly lower than QQQ's 23.84% return.
OTIS
13.50%
-2.54%
3.74%
19.55%
N/A
N/A
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| OTIS | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.78 |
| Sortino Ratio | 1.46 | 2.37 |
| Omega Ratio | 1.20 | 1.32 |
| Calmar Ratio | 2.11 | 2.28 |
| Martin Ratio | 4.62 | 8.27 |
| Ulcer Index | 4.24% | 3.73% |
| Daily Std Dev | 18.13% | 17.37% |
| Max Drawdown | -29.99% | -82.98% |
| Current Drawdown | -5.35% | -1.78% |
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Correlation
The correlation between OTIS and QQQ is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
OTIS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Otis Worldwide Corporation (OTIS) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
OTIS's dividend yield for the trailing twelve months is around 1.51%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTIS Otis Worldwide Corporation | 1.51% | 1.46% | 1.42% | 1.06% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
OTIS vs. QQQ - Drawdown Comparison
The maximum OTIS drawdown since its inception was -29.99%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OTIS and QQQ. For additional features, visit the drawdowns tool.
Volatility
OTIS vs. QQQ - Volatility Comparison
The current volatility for Otis Worldwide Corporation (OTIS) is 5.01%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that OTIS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.