OTIS vs VIG: Correlation
How closely do Otis Worldwide (OTIS) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTIS and VIG?
Over the past 3 years, OTIS and VIG moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 120.9 %².
Within OTIS's tracked universe of 31 assets, VIG comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VIG outperformed by 33.9 percentage points (-16.8% for OTIS against +17.1% for VIG). On a rolling one-year basis the correlation drifted between 0.41 and 0.79, a moderate band. Note the risk asymmetry: OTIS runs 1.6 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 VIG: side by side
| OTIS (Otis Worldwide) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -16.8% | +17.1% |
| 5-year return | -15.9% | +64.0% |
| Volatility (ann.) | 19.1% | 11.9% |
| Beta vs S&P 500 | 0.59 | 0.74 |
| Max drawdown (3Y) | -32.4% | -15.0% |
| Market cap | $27.2B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.35% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | OTIS | VIG |
|---|---|---|
| 2022 | -8.8% | -9.8% |
| 2023 | +16.0% | +14.5% |
| 2024 | +5.2% | +17.0% |
| 2025 | -4.0% | +14.2% |
| 2026 | -16.8% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTIS and VIG good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OTIS and VIG?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.58 over the last year and 0.66 over 5 years.
Is VIG a good diversifier for OTIS?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/otis-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/otis-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OTIS correlations · VIG correlations
