DAVE vs. CBOE
DAVE (Dave Inc.) and CBOE (Cboe Global Markets, Inc.) are both stocks. DAVE operates in Software - Application (Technology), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, DAVE returned -2.05%/yr vs 22.58%/yr for CBOE. At a 0.01 correlation, their price movements are largely independent.
Performance
DAVE vs. CBOE - Performance Comparison
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Returns By Period
In the year-to-date period, DAVE achieves a 29.52% return, which is significantly higher than CBOE's 18.03% return.
DAVE
- 1D
- 0.47%
- 1M
- 19.46%
- YTD
- 29.52%
- 6M
- 45.12%
- 1Y
- 20.37%
- 3Y*
- 269.82%
- 5Y*
- -2.05%
- 10Y*
- —
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 vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAVE Dave Inc. | 29.52% | 154.73% | 936.61% | -9.64% | -97.17% | 4.59% |
CBOE Cboe Global Markets, Inc. | 18.03% | 29.96% | 10.74% | 44.37% | -2.16% | 26.37% |
Correlation
The correlation between DAVE and CBOE 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 DAVE and CBOE shifts across timeframes, from -0.13 (3 years) to 0.01 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DAVE:
$4.13B
CBOE:
$30.97B
DAVE:
$15.54
CBOE:
$11.77
DAVE:
18.45
CBOE:
25.07
DAVE:
0.08
CBOE:
0.47
DAVE:
7.53
CBOE:
6.46
DAVE:
20.26
CBOE:
5.76
DAVE:
$551.52M
CBOE:
$4.79B
DAVE:
$427.68M
CBOE:
$2.50B
DAVE:
$165.95M
CBOE:
$1.87B
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Return for Risk
DAVE vs. CBOE — Risk / Return Rank
DAVE
CBOE
DAVE vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dave Inc. (DAVE) and Cboe Global Markets, Inc. (CBOE). 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.
| DAVE | CBOE | 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 | 1.11 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.29 | -0.83 |
| Martin ratioReturn relative to average drawdown | 0.82 | 5.70 | -4.88 |
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Drawdowns
DAVE vs. CBOE - Drawdown Comparison
The maximum DAVE drawdown since its inception was -99.01%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for DAVE and CBOE.
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Drawdown Indicators
| DAVE | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -43.23% | -55.78% |
Max Drawdown (1Y)Largest decline over 1 year | -44.67% | -24.69% | -19.98% |
Max Drawdown (3Y)Largest decline over 3 years | -44.67% | -24.69% | -19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -99.01% | -24.69% | -74.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.23% | — |
Current DrawdownCurrent decline from peak | -37.33% | -19.41% | -17.92% |
Average DrawdownAverage peak-to-trough decline | -68.91% | -11.41% | -57.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.93% | 5.58% | +19.35% |
Volatility
DAVE vs. CBOE - Volatility Comparison
Dave Inc. (DAVE) has a higher volatility of 18.61% compared to Cboe Global Markets, Inc. (CBOE) at 15.70%. This indicates that DAVE's price experiences larger fluctuations and is considered to be riskier than CBOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAVE | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 15.70% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 48.97% | 24.24% | +24.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.00% | 27.44% | +46.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.44% | 23.27% | +75.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.16% | 25.36% | +71.80% |
Dividends
DAVE vs. CBOE - Dividend Comparison
DAVE has not paid dividends to shareholders, while CBOE's dividend yield for the trailing twelve months is around 0.98%.
| 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
DAVE vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Dave Inc. and Cboe Global Markets, 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
DAVE vs. CBOE - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
DAVE and CBOE 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, DAVE dropped -99.01% vs CBOE's -43.23%.
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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