Otis Worldwide Corp vs S&P500 ETF — how do they compare? Otis Worldwide Corp trades at $70.61 (market cap $27.61B), while S&P500 ETF trades at $746.4. The key difference: Otis Worldwide Corp pays a 2.36% dividend while S&P500 ETF pays none, and S&P500 ETF is trading nearer its 52-week high, Otis Worldwide Corp nearer its low. Which is the better fit depends on your goals.
| OTIS | SPY | |
|---|---|---|
Market Cap | $27.61B | — |
Sector | Industrials | — |
52-Week High | $100.99 | $759.55 |
52-Week Low | $69.34 | $621.75 |
Enterprise Value | $34.99B | — |
Dividend Yield | 2.36% | — |
Trailing returns across standard periods
Latest headlines on both assets
Otis is the largest global elevator and escalator supplier by revenue with around one quarter of share excluding Japan. In 1854 Otis' founder and namesake, Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed.The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15-20 year useful life of an elevator. As the largest global OEM, over decades Otis has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp.
Read more on OTIS →The ETF is designed to track the performance of the securities and the stocks in the S&P 500 Index. To maintain the composition and weightings, the advisor adjusts the ETF from time to time to conform to periodic changes in the index target.
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