Otis Worldwide Corp vs Health Care Select Sector SPDR Fund — how do they compare? Otis Worldwide Corp trades at $70.74 (market cap $27.61B), while Health Care Select Sector SPDR Fund trades at $159.39. The key difference: Otis Worldwide Corp pays a 2.36% dividend while Health Care Select Sector SPDR Fund pays none, and Health Care Select Sector SPDR Fund is trading nearer its 52-week high, Otis Worldwide Corp nearer its low. Which is the better fit depends on your goals.
| OTIS | XLV | |
|---|---|---|
Market Cap | $27.61B | — |
Sector | Industrials | — |
52-Week High | $100.99 | $164.48 |
52-Week Low | $69.34 | $129.01 |
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: pharmaceuticals; health care equipment & supplies; health care providers & services; biotechnology; life sciences tools & services; and health care technology. The fund is non-diversified.
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