C vs. CBOE

Last updated Jun 9, 2026

C (Citigroup Inc.) and CBOE (Cboe Global Markets, Inc.) are both stocks. Both are in the Financial Services sector — C in Banks - Diversified, CBOE in Financial Data & Stock Exchanges. Over the past 10 years, C returned 15.14%/yr vs 17.38%/yr for CBOE. At a 0.21 correlation, their price movements are largely independent.

Performance

C vs. CBOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Citigroup Inc. (C) and Cboe Global Markets, Inc. (CBOE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, C achieves a 15.36% return, which is significantly higher than CBOE's 12.19% return. Over the past 10 years, C has underperformed CBOE with an annualized return of 15.14%, while CBOE has yielded a comparatively higher 17.38% annualized return.

C

• 1D: 0.61%
• 1M: 6.16%
• YTD: 15.36%
• 6M: 23.58%
• 1Y: 74.17%
• 3Y*: 44.93%
• 5Y*: 15.19%
• 10Y*: 15.14%

CBOE

• 1D: -0.56%
• 1M: -19.41%
• YTD: 12.19%
• 6M: 11.21%
• 1Y: 27.25%
• 3Y*: 27.99%
• 5Y*: 21.30%
• 10Y*: 17.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

C vs. CBOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
C Citigroup Inc.	15.36%	70.38%	41.93%	18.98%	-22.09%	0.93%	-19.70%	57.82%	-28.49%	27.03%
CBOE Cboe Global Markets, Inc.	12.19%	29.96%	10.74%	44.37%	-2.16%	42.23%	-21.17%	24.16%	-20.60%	70.49%

Correlation

The correlation between C and CBOE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010	0.21

The correlation between C and CBOE shifts across timeframes, from -0.11 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap C : $236.71B CBOE : $29.43B
EPS C : $8.65 CBOE : $11.77
PE Ratio C : 15.41 CBOE : 23.83
PS Ratio C : 1.44 CBOE : 6.14
PB Ratio C : 1.24 CBOE : 5.48
Total Revenue (TTM) C : $171.19B CBOE : $4.79B
Gross Profit (TTM) C : $77.85B CBOE : $2.50B
EBITDA (TTM) C : $24.12B CBOE : $1.87B

Return for Risk

C vs. CBOE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

C

C Risk / Return Rank: 92
C Sharpe Ratio Rank: 94
C Sortino Ratio Rank: 91
C Omega Ratio Rank: 90
C Calmar Ratio Rank: 92
C Martin Ratio Rank: 93

CBOE

CBOE Risk / Return Rank: 69
CBOE Sharpe Ratio Rank: 73
CBOE Sortino Ratio Rank: 66
CBOE Omega Ratio Rank: 67
CBOE Calmar Ratio Rank: 65
CBOE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

C vs. CBOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Citigroup Inc. (C) and Cboe Global Markets, Inc. (CBOE). 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.

	C	CBOE	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.01	+1.64
Sortino ratio: Return per unit of downside risk	3.30	1.45	+1.85
Omega ratio: Gain probability vs. loss probability	1.42	1.20	+0.22
Calmar ratio: Return relative to maximum drawdown	5.05	1.11	+3.94
Martin ratio: Return relative to average drawdown	14.54	5.44	+9.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

C vs. CBOE - Sharpe Ratio Comparison

The current C Sharpe Ratio is 2.65, which is higher than the CBOE Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of C and CBOE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	C	CBOE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	1.01	+1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.92	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.69	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.66	-0.50

Drawdowns

C vs. CBOE - Drawdown Comparison

The maximum C drawdown since its inception was -98.00%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for C and CBOE.

Drawdown Indicators

	C	CBOE	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-43.23%	-54.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.76%	-24.69%	+9.93%
Max Drawdown (3Y) Largest decline over 3 years	-31.31%	-24.69%	-6.62%
Max Drawdown (5Y) Largest decline over 5 years	-45.78%	-24.69%	-21.09%
Max Drawdown (10Y) Largest decline over 10 years	-56.51%	-43.23%	-13.28%
Current Drawdown Current decline from peak	-64.43%	-23.40%	-41.03%
Average Drawdown Average peak-to-trough decline	-43.51%	-11.40%	-32.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	5.02%	+0.10%

Volatility

C vs. CBOE - Volatility Comparison

The current volatility for Citigroup Inc. (C) is 8.43%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 15.60%. This indicates that C experiences smaller price fluctuations and is considered to be less risky than CBOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	C	CBOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	15.60%	-7.17%
Volatility (6M) Calculated over the trailing 6-month period	22.84%	23.74%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	28.19%	27.02%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.18%	23.17%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	25.32%	+7.91%

Dividends

C vs. CBOE - Dividend Comparison

C's dividend yield for the trailing twelve months is around 1.80%, more than CBOE's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
C Citigroup Inc.	1.80%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%
CBOE Cboe Global Markets, Inc.	1.03%	1.08%	1.21%	1.18%	1.56%	1.38%	1.68%	1.12%	1.19%	0.83%	1.30%	1.36%

Financials

C vs. CBOE - Profitability Comparison

The chart below illustrates the profitability comparison between Citigroup Inc. and Cboe Global Markets, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

C - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a gross profit of 21.76B and revenue of 44.14B. Therefore, the gross margin over that period was 49.3%.

CBOE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a gross profit of 669.90M and revenue of 1.27B. Therefore, the gross margin over that period was 52.6%.

C - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported an operating income of 7.52B and revenue of 44.14B, resulting in an operating margin of 17.0%.

CBOE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported an operating income of 505.60M and revenue of 1.27B, resulting in an operating margin of 39.7%.

C - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a net income of 5.79B and revenue of 44.14B, resulting in a net margin of 13.1%.

CBOE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a net income of 385.70M and revenue of 1.27B, resulting in a net margin of 30.3%.

Frequently Asked Questions

Can I hold both C and CBOE in my portfolio?

C and CBOE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, C or CBOE?

CBOE has higher volatility (15.60%) compared to C (8.43%). In terms of maximum drawdown, C dropped -98.00% vs CBOE's -43.23%.

Which has better risk-adjusted returns?

C currently has the higher Sharpe Ratio (2.65 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.