CBOE vs. HIG
CBOE (Cboe Global Markets, Inc.) and HIG (The Hartford Financial Services Group, Inc.) are both stocks. Both are in the Financial Services sector — CBOE in Financial Data & Stock Exchanges, HIG in Insurance - Diversified. Over the past 10 years, CBOE returned 16.91%/yr vs 14.69%/yr for HIG. At a 0.28 correlation, their price movements are largely independent.
Performance
CBOE vs. HIG - Performance Comparison
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Returns By Period
In the year-to-date period, CBOE achieves a 14.09% return, which is significantly higher than HIG's 2.90% return. Over the past 10 years, CBOE has outperformed HIG with an annualized return of 16.91%, while HIG has yielded a comparatively lower 14.69% annualized return.
CBOE
- 1D
- 0.07%
- 1M
- 14.22%
- 6M
- 3.61%
- YTD
- 14.09%
- 1Y
- 17.14%
- 3Y*
- 27.33%
- 5Y*
- 20.45%
- 10Y*
- 16.91%
- ALL TIME*
- 16.25%
HIG
- 1D
- -1.16%
- 1M
- 6.20%
- 6M
- 10.25%
- YTD
- 2.90%
- 1Y
- 16.21%
- 3Y*
- 25.86%
- 5Y*
- 20.40%
- 10Y*
- 14.69%
- ALL TIME*
- 8.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $291.27M | $335.05M | $415.23M | |
| $237.76M | $225.34M | $235.36M |
CBOE vs. HIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 14.09% | 29.96% | 10.74% | 44.37% | -2.16% | 42.23% | -21.17% | 24.16% | -20.60% | 70.49% |
HIG The Hartford Financial Services Group, Inc. | 2.90% | 28.09% | 38.54% | 8.55% | 12.31% | 44.23% | -16.98% | 39.71% | -19.24% | 20.25% |
Correlation
The correlation between CBOE and HIG 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010 | 0.28 |
Over the past year, the correlation between CBOE and HIG has dropped to 0.08 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
CBOE:
$29.83B
HIG:
$38.52B
CBOE:
$11.77
HIG:
$20.54
CBOE:
24.23
HIG:
6.84
CBOE:
0.45
HIG:
0.31
CBOE:
6.24
HIG:
1.03
CBOE:
$4.79B
HIG:
$29.03B
CBOE:
$2.50B
HIG:
$10.25B
CBOE:
$1.87B
HIG:
$4.26B
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Return for Risk
CBOE vs. HIG — Risk / Return Rank
CBOE
HIG
CBOE vs. HIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) and The Hartford Financial Services Group, Inc. (HIG). 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 | HIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.42 | -0.95 |
| Martin ratioReturn relative to average drawdown | 1.56 | 3.47 | -1.91 |
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Drawdowns
CBOE vs. HIG - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum HIG drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for CBOE and HIG.
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Drawdown Indicators
| CBOE | HIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -96.25% | +53.02% |
Max Drawdown (1Y)Largest decline over 1 year | -36.73% | -11.46% | -25.27% |
Max Drawdown (3Y)Largest decline over 3 years | -36.73% | -13.72% | -23.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.73% | -18.63% | -18.10% |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | -57.59% | +14.36% |
Current DrawdownCurrent decline from peak | -22.10% | -1.20% | -20.90% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -30.74% | +19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 4.68% | +6.30% |
Volatility
CBOE vs. HIG - Volatility Comparison
Cboe Global Markets, Inc. (CBOE) has a higher volatility of 10.75% compared to The Hartford Financial Services Group, Inc. (HIG) at 6.98%. This indicates that CBOE's price experiences larger fluctuations and is considered to be riskier than HIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBOE | HIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.75% | 6.98% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 28.42% | 14.79% | +13.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.21% | 19.26% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 21.94% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.78% | 29.05% | -3.27% |
Dividends
CBOE vs. HIG - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.01%, less than HIG's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.01% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
HIG The Hartford Financial Services Group, Inc. | 1.65% | 1.57% | 1.76% | 2.17% | 2.08% | 2.08% | 2.65% | 1.97% | 2.47% | 1.67% | 1.80% | 1.79% |
Financials
CBOE vs. HIG - Financials Comparison
This section allows you to compare key financial metrics between Cboe Global Markets, Inc. and The Hartford Financial Services Group, 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. HIG - Profitability Comparison
CBOE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
HIG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Hartford Financial Services Group, Inc. reported a gross profit of 0.00 and revenue of 7.26B. Therefore, the gross margin over that period was 0.0%.
CBOE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
HIG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Hartford Financial Services Group, Inc. reported an operating income of 0.00 and revenue of 7.26B, resulting in an operating margin of 0.0%.
CBOE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
HIG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Hartford Financial Services Group, Inc. reported a net income of 1.30B and revenue of 7.26B, resulting in a net margin of 17.9%.
Frequently Asked Questions
CBOE and HIG 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.
CBOE has higher volatility (10.75%) compared to HIG (6.98%). In terms of maximum drawdown, CBOE dropped -43.23% vs HIG's -96.25%.
HIG currently has the higher Sharpe Ratio (0.85 vs 0.55), 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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