HOOD vs. CBOE
HOOD (Robinhood Markets, Inc.) and CBOE (Cboe Global Markets, Inc.) are both stocks. Both are in the Financial Services sector — HOOD in Capital Markets, CBOE in Financial Data & Stock Exchanges. Over the past 3 years, HOOD returned 113.32%/yr vs 31.02%/yr for CBOE. At a 0.05 correlation, their price movements are largely independent.
Performance
HOOD vs. CBOE - Performance Comparison
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Returns By Period
In the year-to-date period, HOOD achieves a -17.60% return, which is significantly lower than CBOE's 18.03% return.
HOOD
- 1D
- 1.04%
- 1M
- 21.42%
- YTD
- -17.60%
- 6M
- -22.02%
- 1Y
- 26.21%
- 3Y*
- 113.32%
- 5Y*
- —
- 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%
HOOD vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HOOD Robinhood Markets, Inc. | -17.60% | 203.54% | 192.46% | 56.51% | -54.17% | -53.26% |
CBOE Cboe Global Markets, Inc. | 18.03% | 29.96% | 10.74% | 44.37% | -2.16% | 12.49% |
Correlation
The correlation between HOOD and CBOE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2021 | 0.05 |
The correlation between HOOD and CBOE shifts across timeframes, from -0.08 (3 years) to 0.05 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HOOD:
$85.27B
CBOE:
$30.97B
HOOD:
$2.07
CBOE:
$11.77
HOOD:
45.04
CBOE:
25.07
HOOD:
0.00
CBOE:
0.47
HOOD:
21.83
CBOE:
6.46
HOOD:
8.80
CBOE:
5.76
HOOD:
$3.91B
CBOE:
$4.79B
HOOD:
$2.86B
CBOE:
$2.50B
HOOD:
$1.80B
CBOE:
$1.87B
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Return for Risk
HOOD vs. CBOE — Risk / Return Rank
HOOD
CBOE
HOOD vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Robinhood Markets, Inc. (HOOD) 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.
| HOOD | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.29 | -0.83 |
| Martin ratioReturn relative to average drawdown | 0.83 | 5.70 | -4.87 |
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Drawdowns
HOOD vs. CBOE - Drawdown Comparison
The maximum HOOD drawdown since its inception was -90.21%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for HOOD and CBOE.
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Drawdown Indicators
| HOOD | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.21% | -43.23% | -46.98% |
Max Drawdown (1Y)Largest decline over 1 year | -57.26% | -24.69% | -32.57% |
Max Drawdown (3Y)Largest decline over 3 years | -57.26% | -24.69% | -32.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.23% | — |
Current DrawdownCurrent decline from peak | -38.88% | -19.41% | -19.47% |
Average DrawdownAverage peak-to-trough decline | -60.85% | -11.41% | -49.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.69% | 5.58% | +26.11% |
Volatility
HOOD vs. CBOE - Volatility Comparison
Robinhood Markets, Inc. (HOOD) has a higher volatility of 23.07% compared to Cboe Global Markets, Inc. (CBOE) at 15.70%. This indicates that HOOD'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
| HOOD | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.07% | 15.70% | +7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 50.85% | 24.24% | +26.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.33% | 27.44% | +41.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.06% | 23.27% | +50.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.06% | 25.36% | +48.70% |
Dividends
HOOD vs. CBOE - Dividend Comparison
HOOD 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% |
HOOD Robinhood Markets, 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
HOOD vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Robinhood Markets, 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
HOOD vs. CBOE - Profitability Comparison
HOOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Robinhood Markets, Inc. reported a gross profit of 0.00 and revenue of 359.00M. Therefore, the gross margin over that period was 0.0%.
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%.
HOOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Robinhood Markets, Inc. reported an operating income of 0.00 and revenue of 359.00M, resulting in an operating margin of 0.0%.
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%.
HOOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Robinhood Markets, Inc. reported a net income of 346.00M and revenue of 359.00M, resulting in a net margin of 96.4%.
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
HOOD and CBOE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOD has higher volatility (23.07%) compared to CBOE (15.70%). In terms of maximum drawdown, HOOD dropped -90.21% vs CBOE's -43.23%.
CBOE currently has the higher Sharpe Ratio (1.16 vs 0.38), 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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