OTIS vs SUIG: Correlation
Otis Worldwide (OTIS) and Sui Group Holdings Limited (SUIG) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTIS and SUIG?
Across a 3-year window, the weekly returns of OTIS and SUIG correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.15, with an annualized covariance of -843.0 %².
SUIG is close to the least connected end of OTIS's tracked universe, ranking #29 of 31. Correlation aside, the last 12 months split them widely, with OTIS ahead by 66.6 points (-16.8% versus -83.4%). Note the risk asymmetry: SUIG runs 8.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
OTIS vs SUIG: side by side
| OTIS (Otis Worldwide) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | -16.8% | -83.4% |
| 5-year return | -15.9% | -88.3% |
| Volatility (ann.) | 19.1% | 162.1% |
| Beta vs S&P 500 | 0.59 | 1.61 |
| Max drawdown (3Y) | -32.4% | -89.2% |
| Market cap | $27.2B | $0.1B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | OTIS | SUIG |
|---|---|---|
| 2022 | -8.8% | -75.1% |
| 2023 | +16.0% | +19.5% |
| 2024 | +5.2% | -20.3% |
| 2025 | -4.0% | -14.4% |
| 2026 | -16.8% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTIS and SUIG good diversifiers for each other?
Yes. With a correlation of -0.27, OTIS and SUIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OTIS and SUIG?
As of 2026-08-27, the correlation of weekly returns between OTIS and SUIG is -0.27 over 3 years, -0.05 over 1 year and -0.15 over 5 years.
Is SUIG a good diversifier for OTIS?
Yes. With a correlation of -0.27, OTIS and SUIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: OTIS correlations · SUIG correlations
