OTIS vs. SPY
OTIS (Otis Worldwide Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, OTIS returned -2.74%/yr vs 12.76%/yr for SPY. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
OTIS vs. SPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OTIS achieves a -16.75% return, which is significantly lower than SPY's 10.13% return.
OTIS
- 1D
- 0.36%
- 1M
- -1.63%
- 6M
- -14.87%
- YTD
- -16.75%
- 1Y
- -13.56%
- 3Y*
- -5.64%
- 5Y*
- -2.74%
- 10Y*
- —
- ALL TIME*
- 11.32%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $329.09M | $284.41M | $283.03M | |
| $37.27B | $35.99B | $39.23B |
OTIS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OTIS Otis Worldwide Corporation | -16.75% | -3.99% | 5.17% | 16.04% | -8.76% | 30.41% | 70.57% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 58.69% |
Correlation
The correlation between OTIS and SPY is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2020 | 0.51 |
Over the past year, the correlation between OTIS and SPY has dropped to 0.18 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OTIS vs. SPY — Risk / Return Rank
OTIS
SPY
OTIS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Otis Worldwide Corporation (OTIS) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.27 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.20 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.12 | 9.40 | -10.52 |
Loading charts...
Drawdowns
OTIS vs. SPY - Drawdown Comparison
The maximum OTIS drawdown since its inception was -32.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OTIS and SPY.
Loading charts...
Drawdown Indicators
| OTIS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.44% | -55.19% | +22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -25.49% | -8.88% | -16.61% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -18.76% | -13.68% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -24.50% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -29.90% | -1.40% | -28.50% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -9.01% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.86% | 2.08% | +10.78% |
Volatility
OTIS vs. SPY - Volatility Comparison
Otis Worldwide Corporation (OTIS) has a higher volatility of 7.91% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that OTIS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OTIS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 3.58% | +4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.73% | 10.14% | +7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 12.89% | +8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 17.18% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 17.95% | +7.88% |
Dividends
OTIS vs. SPY - Dividend Comparison
OTIS's dividend yield for the trailing twelve months is around 2.36%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTIS Otis Worldwide Corporation | 2.36% | 1.89% | 1.63% | 1.46% | 1.42% | 1.06% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
OTIS and SPY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTIS has higher volatility (7.91%) compared to SPY (3.58%). In terms of maximum drawdown, OTIS dropped -32.44% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.68), 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.
Find the right allocation for OTIS and SPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer