CBOE vs. DAVE
CBOE (Cboe Global Markets, Inc.) and DAVE (Dave Inc.) are both stocks. CBOE operates in Financial Data & Stock Exchanges (Financial Services), while DAVE operates in Software - Application (Technology). Over the past 5 years, CBOE returned 22.58%/yr vs -2.05%/yr for DAVE. At a 0.01 correlation, their price movements are largely independent.
Performance
CBOE vs. DAVE - Performance Comparison
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Returns By Period
In the year-to-date period, CBOE achieves a 18.03% return, which is significantly lower than DAVE's 29.52% return.
CBOE
- 1D
- -0.33%
- 1M
- -19.41%
- YTD
- 18.03%
- 6M
- 17.09%
- 1Y
- 31.68%
- 3Y*
- 31.02%
- 5Y*
- 22.58%
- 10Y*
- 17.84%
DAVE
- 1D
- 0.47%
- 1M
- 19.46%
- YTD
- 29.52%
- 6M
- 45.12%
- 1Y
- 20.37%
- 3Y*
- 269.82%
- 5Y*
- -2.05%
- 10Y*
- —
CBOE vs. DAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 18.03% | 29.96% | 10.74% | 44.37% | -2.16% | 26.37% |
DAVE Dave Inc. | 29.52% | 154.73% | 936.61% | -9.64% | -97.17% | 4.59% |
Correlation
The correlation between CBOE and DAVE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.01 |
The correlation between CBOE and DAVE shifts across timeframes, from -0.13 (3 years) to 0.01 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CBOE:
$30.97B
DAVE:
$4.13B
CBOE:
$11.77
DAVE:
$15.54
CBOE:
25.07
DAVE:
18.45
CBOE:
0.47
DAVE:
0.08
CBOE:
6.46
DAVE:
7.53
CBOE:
5.76
DAVE:
20.26
CBOE:
$4.79B
DAVE:
$551.52M
CBOE:
$2.50B
DAVE:
$427.68M
CBOE:
$1.87B
DAVE:
$165.95M
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Return for Risk
CBOE vs. DAVE — Risk / Return Rank
CBOE
DAVE
CBOE vs. DAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) and Dave Inc. (DAVE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBOE | DAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.46 | +0.83 |
| Martin ratioReturn relative to average drawdown | 5.70 | 0.82 | +4.88 |
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Drawdowns
CBOE vs. DAVE - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum DAVE drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for CBOE and DAVE.
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Drawdown Indicators
| CBOE | DAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -99.01% | +55.78% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -44.67% | +19.98% |
Max Drawdown (3Y)Largest decline over 3 years | -24.69% | -44.67% | +19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -99.01% | +74.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | — | — |
Current DrawdownCurrent decline from peak | -19.41% | -37.33% | +17.92% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -68.91% | +57.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 24.93% | -19.35% |
Volatility
CBOE vs. DAVE - Volatility Comparison
The current volatility for Cboe Global Markets, Inc. (CBOE) is 15.70%, while Dave Inc. (DAVE) has a volatility of 18.61%. This indicates that CBOE experiences smaller price fluctuations and is considered to be less risky than DAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBOE | DAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.70% | 18.61% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 24.24% | 48.97% | -24.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.44% | 74.00% | -46.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 98.44% | -75.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.36% | 97.16% | -71.80% |
Dividends
CBOE vs. DAVE - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 0.98%, while DAVE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 0.98% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
DAVE Dave 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% |
Financials
CBOE vs. DAVE - Financials Comparison
This section allows you to compare key financial metrics between Cboe Global Markets, Inc. and Dave 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. DAVE - 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%.
DAVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported a gross profit of 120.00M and revenue of 147.59M. Therefore, the gross margin over that period was 81.3%.
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%.
DAVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported an operating income of 21.15M and revenue of 147.59M, resulting in an operating margin of 14.3%.
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%.
DAVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported a net income of 57.94M and revenue of 147.59M, resulting in a net margin of 39.3%.
Frequently Asked Questions
CBOE and DAVE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAVE has higher volatility (18.61%) compared to CBOE (15.70%). In terms of maximum drawdown, CBOE dropped -43.23% vs DAVE's -99.01%.
CBOE currently has the higher Sharpe Ratio (1.16 vs 0.28), 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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