CBOE vs. AXON
CBOE (Cboe Global Markets, Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. CBOE operates in Financial Data & Stock Exchanges (Financial Services), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, CBOE returned 17.38%/yr vs 35.39%/yr for AXON. At a 0.13 correlation, their price movements are largely independent.
Performance
CBOE vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, CBOE achieves a 12.19% return, which is significantly higher than AXON's -17.06% return. Over the past 10 years, CBOE has underperformed AXON with an annualized return of 17.38%, while AXON has yielded a comparatively higher 35.39% annualized return.
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%
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
CBOE vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between CBOE and AXON is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010 | 0.13 |
The correlation between CBOE and AXON shifts across timeframes, from -0.16 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CBOE:
$29.43B
AXON:
$38.85B
CBOE:
$11.77
AXON:
$2.41
CBOE:
23.83
AXON:
195.83
CBOE:
0.44
AXON:
0.06
CBOE:
6.14
AXON:
13.54
CBOE:
5.48
AXON:
10.99
CBOE:
$4.79B
AXON:
$2.98B
CBOE:
$2.50B
AXON:
$1.77B
CBOE:
$1.87B
AXON:
$156.24M
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Return for Risk
CBOE vs. AXON — Risk / Return Rank
CBOE
AXON
CBOE vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) and Axon Enterprise, Inc. (AXON). 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.
| CBOE | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.88 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.67 | +1.78 |
| Martin ratioReturn relative to average drawdown | 5.44 | -1.17 | +6.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBOE | AXON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -0.73 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.55 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.72 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.51 | +0.14 |
Drawdowns
CBOE vs. AXON - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for CBOE and AXON.
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Drawdown Indicators
| CBOE | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -91.78% | +48.55% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -60.28% | +35.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.69% | -60.28% | +35.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -60.28% | +35.59% |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | -60.28% | +17.05% |
Current DrawdownCurrent decline from peak | -23.40% | -45.92% | +22.52% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -43.59% | +32.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 34.81% | -29.79% |
Volatility
CBOE vs. AXON - Volatility Comparison
The current volatility for Cboe Global Markets, Inc. (CBOE) is 15.60%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.02%. This indicates that CBOE experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBOE | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.60% | 19.02% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 23.74% | 44.22% | -20.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 55.73% | -28.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 47.97% | -24.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 49.19% | -23.87% |
Dividends
CBOE vs. AXON - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.03%, while AXON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
CBOE vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Cboe Global Markets, Inc. and Axon Enterprise, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CBOE vs. AXON - Profitability Comparison
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%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
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%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
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%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
Frequently Asked Questions
CBOE and AXON have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (19.02%) compared to CBOE (15.60%). In terms of maximum drawdown, CBOE dropped -43.23% vs AXON's -91.78%.
CBOE currently has the higher Sharpe Ratio (1.01 vs -0.73), 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.
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