CBOE vs. SPY
Compare and contrast key facts about Cboe Global Markets, Inc. (CBOE) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBOE or SPY.
Correlation
The correlation between CBOE and SPY is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CBOE vs. SPY - Performance Comparison
Key characteristics
CBOE:
0.54
SPY:
2.21
CBOE:
0.91
SPY:
2.93
CBOE:
1.10
SPY:
1.41
CBOE:
0.79
SPY:
3.26
CBOE:
1.72
SPY:
14.43
CBOE:
6.62%
SPY:
1.90%
CBOE:
21.10%
SPY:
12.41%
CBOE:
-43.23%
SPY:
-55.19%
CBOE:
-11.79%
SPY:
-2.74%
Returns By Period
In the year-to-date period, CBOE achieves a 8.60% return, which is significantly lower than SPY's 25.54% return. Both investments have delivered pretty close results over the past 10 years, with CBOE having a 13.03% annualized return and SPY not far behind at 12.97%.
CBOE
8.60%
-7.83%
9.57%
10.11%
11.66%
13.03%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
CBOE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CBOE vs. SPY - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.23%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.23% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% | 1.23% | 2.23% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CBOE vs. SPY - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CBOE and SPY. For additional features, visit the drawdowns tool.
Volatility
CBOE vs. SPY - Volatility Comparison
Cboe Global Markets, Inc. (CBOE) has a higher volatility of 6.36% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that CBOE's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.