ELA vs. CBOE

Last updated Jun 4, 2026

ELA (Envela Corporation) and CBOE (Cboe Global Markets, Inc.) are both stocks. ELA operates in Luxury Goods (Consumer Cyclical), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, ELA returned 44.94%/yr vs 17.84%/yr for CBOE. At a 0.04 correlation, their price movements are largely independent.

Performance

ELA vs. CBOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Envela Corporation (ELA) and Cboe Global Markets, Inc. (CBOE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELA achieves a 80.34% return, which is significantly higher than CBOE's 14.10% return. Over the past 10 years, ELA has outperformed CBOE with an annualized return of 44.94%, while CBOE has yielded a comparatively lower 17.84% annualized return.

ELA

• 1D: -2.07%
• 1M: 43.97%
• YTD: 80.34%
• 6M: 84.76%
• 1Y: 318.20%
• 3Y*: 47.63%
• 5Y*: 36.35%
• 10Y*: 44.94%

CBOE

• 1D: 3.45%
• 1M: -15.70%
• YTD: 14.10%
• 6M: 12.80%
• 1Y: 26.75%
• 3Y*: 29.74%
• 5Y*: 22.18%
• 10Y*: 17.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELA vs. CBOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELA Envela Corporation	80.34%	86.35%	47.74%	-7.60%	29.24%	-21.73%	285.19%	193.54%	-50.55%	-25.00%
CBOE Cboe Global Markets, Inc.	14.10%	29.96%	10.74%	44.37%	-2.16%	42.23%	-21.17%	24.16%	-20.60%	70.49%

Correlation

The correlation between ELA and CBOE is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 16, 2010	0.04

Fundamentals

Market Cap ELA : $626.50M CBOE : $29.94B
EPS ELA : $0.81 CBOE : $11.77
PE Ratio ELA : 29.93 CBOE : 24.23
PEG Ratio ELA : 1.04 CBOE : 0.45
PS Ratio ELA : 2.15 CBOE : 6.25
PB Ratio ELA : 8.25 CBOE : 5.57
Total Revenue (TTM) ELA : $291.15M CBOE : $4.79B
Gross Profit (TTM) ELA : $62.58M CBOE : $2.50B
EBITDA (TTM) ELA : $22.99M CBOE : $1.87B

Return for Risk

ELA vs. CBOE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELA

ELA Risk / Return Rank: 97
ELA Sharpe Ratio Rank: 98
ELA Sortino Ratio Rank: 96
ELA Omega Ratio Rank: 95
ELA Calmar Ratio Rank: 99
ELA Martin Ratio Rank: 99

CBOE

CBOE Risk / Return Rank: 68
CBOE Sharpe Ratio Rank: 71
CBOE Sortino Ratio Rank: 63
CBOE Omega Ratio Rank: 65
CBOE Calmar Ratio Rank: 62
CBOE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELA vs. CBOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Envela Corporation (ELA) 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.

	ELA	CBOE	Difference
Sharpe ratio: Return per unit of total volatility	4.50	1.00	+3.51
Sortino ratio: Return per unit of downside risk	4.54	1.43	+3.11
Omega ratio: Gain probability vs. loss probability	1.58	1.20	+0.38
Calmar ratio: Return relative to maximum drawdown	14.73	1.09	+13.64
Martin ratio: Return relative to average drawdown	46.47	6.14	+40.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELA vs. CBOE - Sharpe Ratio Comparison

The current ELA Sharpe Ratio is 4.50, which is higher than the CBOE Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of ELA and CBOE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELA	CBOE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.50	1.00	+3.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.96	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.71	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.66	-0.59

Drawdowns

ELA vs. CBOE - Drawdown Comparison

The maximum ELA drawdown since its inception was -97.32%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for ELA and CBOE.

Drawdown Indicators

	ELA	CBOE	Difference
Max Drawdown Largest peak-to-trough decline	-97.32%	-43.23%	-54.09%
Max Drawdown (1Y) Largest decline over 1 year	-21.77%	-24.69%	+2.92%
Max Drawdown (3Y) Largest decline over 3 years	-59.24%	-24.69%	-34.55%
Max Drawdown (5Y) Largest decline over 5 years	-61.53%	-24.69%	-36.84%
Max Drawdown (10Y) Largest decline over 10 years	-78.03%	-43.23%	-34.80%
Current Drawdown Current decline from peak	-12.29%	-22.09%	+9.80%
Average Drawdown Average peak-to-trough decline	-57.66%	-11.39%	-46.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	4.38%	+2.52%

Volatility

ELA vs. CBOE - Volatility Comparison

Envela Corporation (ELA) has a higher volatility of 28.22% compared to Cboe Global Markets, Inc. (CBOE) at 15.84%. This indicates that ELA'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.

Volatility by Period

	ELA	CBOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.22%	15.84%	+12.38%
Volatility (6M) Calculated over the trailing 6-month period	59.00%	23.69%	+35.31%
Volatility (1Y) Calculated over the trailing 1-year period	71.22%	27.03%	+44.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.38%	23.16%	+31.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.24%	25.31%	+40.93%

Dividends

ELA vs. CBOE - Dividend Comparison

ELA has not paid dividends to shareholders, while CBOE's dividend yield for the trailing twelve months is around 1.01%.

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%
ELA Envela Corporation	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

ELA vs. CBOE - Profitability Comparison

The chart below illustrates the profitability comparison between Envela Corporation and Cboe Global Markets, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ELA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Envela Corporation reported a gross profit of 20.62M and revenue of 98.38M. Therefore, the gross margin over that period was 21.0%.

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%.

ELA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Envela Corporation reported an operating income of 11.21M and revenue of 98.38M, resulting in an operating margin of 11.4%.

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%.

ELA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Envela Corporation reported a net income of 8.84M and revenue of 98.38M, resulting in a net margin of 9.0%.

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

Can I hold both ELA and CBOE in my portfolio?

ELA and CBOE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELA or CBOE?

ELA has higher volatility (28.22%) compared to CBOE (15.84%). In terms of maximum drawdown, ELA dropped -97.32% vs CBOE's -43.23%.

Which has better risk-adjusted returns?

ELA currently has the higher Sharpe Ratio (4.50 vs 1.00), 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.