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.
Key characteristics
| CBOE | SPY | |
|---|---|---|
| YTD Return | 1.74% | 5.94% |
| 1Y Return | 32.72% | 22.56% |
| 3Y Return (Ann) | 22.07% | 7.95% |
| 5Y Return (Ann) | 14.36% | 13.35% |
| 10Y Return (Ann) | 14.74% | 12.34% |
| Sharpe Ratio | 1.73 | 1.93 |
| Daily Std Dev | 18.20% | 11.63% |
| Max Drawdown | -43.23% | -55.19% |
| Current Drawdown | -7.86% | -4.05% |
Correlation
The correlation between CBOE and SPY is 0.35, 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
In the year-to-date period, CBOE achieves a 1.74% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, CBOE has outperformed SPY with an annualized return of 14.74%, while SPY has yielded a comparatively lower 12.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.19%, less than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.19% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% | 1.23% | 2.22% |
SPY SPDR S&P 500 ETF | 1.34% | 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 5.09% compared to SPDR S&P 500 ETF (SPY) at 3.91%. 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.