OTIS vs. SPY
Compare and contrast key facts about Otis Worldwide Corporation (OTIS) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTIS or SPY.
Performance
OTIS vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, OTIS achieves a 14.43% return, which is significantly lower than SPY's 24.91% return.
OTIS
14.43%
-4.57%
4.65%
21.11%
N/A
N/A
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| OTIS | SPY | |
|---|---|---|
| Sharpe Ratio | 1.21 | 2.67 |
| Sortino Ratio | 1.61 | 3.56 |
| Omega Ratio | 1.23 | 1.50 |
| Calmar Ratio | 2.37 | 3.85 |
| Martin Ratio | 5.23 | 17.38 |
| Ulcer Index | 4.20% | 1.86% |
| Daily Std Dev | 18.15% | 12.17% |
| Max Drawdown | -29.99% | -55.19% |
| Current Drawdown | -4.57% | -1.77% |
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Correlation
The correlation between OTIS and SPY is 0.58, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Otis Worldwide Corporation (OTIS) and 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.
Dividends
OTIS vs. SPY - Dividend Comparison
OTIS's dividend yield for the trailing twelve months is around 1.50%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTIS Otis Worldwide Corporation | 1.50% | 1.46% | 1.42% | 1.06% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OTIS vs. SPY - Drawdown Comparison
The maximum OTIS drawdown since its inception was -29.99%, 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. For additional features, visit the drawdowns tool.
Volatility
OTIS vs. SPY - Volatility Comparison
Otis Worldwide Corporation (OTIS) has a higher volatility of 5.49% compared to SPDR S&P 500 ETF (SPY) at 4.08%. 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.