HSX.L vs. CBOE
HSX.L (Hiscox Ltd) and CBOE (Cboe Global Markets, Inc.) are both stocks. Both are in the Financial Services sector — HSX.L in Insurance - Property & Casualty, CBOE in Financial Data & Stock Exchanges. Over the past 10 years, HSX.L returned 8.26%/yr vs 18.77%/yr for CBOE. At a 0.07 correlation, their price movements are largely independent.
Performance
HSX.L vs. CBOE - Performance Comparison
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Different Trading Currencies
HSX.L is traded in GBp, while CBOE is traded in USD. To make them comparable, the CBOE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSX.L achieves a 25.29% return, which is significantly higher than CBOE's 14.53% return. Over the past 10 years, HSX.L has underperformed CBOE with an annualized return of 8.26%, while CBOE has yielded a comparatively higher 18.77% annualized return.
HSX.L
- 1D
- -0.62%
- 1M
- 13.17%
- YTD
- 25.29%
- 6M
- 36.31%
- 1Y
- 40.76%
- 3Y*
- 17.50%
- 5Y*
- 19.77%
- 10Y*
- 8.26%
CBOE
- 1D
- 3.73%
- 1M
- -15.02%
- YTD
- 14.53%
- 6M
- 12.21%
- 1Y
- 27.64%
- 3Y*
- 26.53%
- 5Y*
- 23.49%
- 10Y*
- 18.77%
HSX.L vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSX.L Hiscox Ltd | 25.29% | 35.05% | 5.32% | -0.70% | 30.49% | -12.64% | -30.20% | -10.27% | 12.88% | 47.28% |
CBOE Cboe Global Markets, Inc. | 14.53% | 20.70% | 12.68% | 37.15% | 9.47% | 43.58% | -23.49% | 19.43% | -15.89% | 55.74% |
Correlation
The correlation between HSX.L and CBOE is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2010 | 0.07 |
Fundamentals
HSX.L:
£6.04B
CBOE:
$29.94B
HSX.L:
£3.57
CBOE:
$11.77
HSX.L:
4.91
CBOE:
24.23
HSX.L:
0.10
CBOE:
0.45
HSX.L:
0.70
CBOE:
6.25
HSX.L:
1.53
CBOE:
5.57
HSX.L:
£8.71B
CBOE:
$4.79B
HSX.L:
£8.71B
CBOE:
$2.50B
HSX.L:
£489.29M
CBOE:
$1.87B
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Return for Risk
HSX.L vs. CBOE — Risk / Return Rank
HSX.L
CBOE
HSX.L vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hiscox Ltd (HSX.L) 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.
| HSX.L | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 1.12 | +3.30 |
| Martin ratioReturn relative to average drawdown | 10.21 | 5.93 | +4.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSX.L | CBOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.99 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.99 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.72 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.67 | -0.33 |
Drawdowns
HSX.L vs. CBOE - Drawdown Comparison
The maximum HSX.L drawdown since its inception was -71.26%, which is greater than CBOE's maximum drawdown of -42.28%. Use the drawdown chart below to compare losses from any high point for HSX.L and CBOE.
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Drawdown Indicators
| HSX.L | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.26% | -42.28% | -28.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -24.77% | +15.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -24.77% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -24.77% | +4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -62.23% | -39.07% | -23.16% |
Current DrawdownCurrent decline from peak | -5.70% | -21.96% | +16.26% |
Average DrawdownAverage peak-to-trough decline | -21.83% | -11.28% | -10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 4.69% | -0.71% |
Volatility
HSX.L vs. CBOE - Volatility Comparison
The current volatility for Hiscox Ltd (HSX.L) is 13.49%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 15.91%. This indicates that HSX.L experiences smaller price fluctuations and is considered to be less risky 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
| HSX.L | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.49% | 15.91% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 20.39% | 24.48% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.78% | 28.03% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 23.92% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.45% | 26.10% | +3.35% |
Dividends
HSX.L vs. CBOE - Dividend Comparison
HSX.L's dividend yield for the trailing twelve months is around 2.14%, more than CBOE's 1.01% yield.
| 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% |
HSX.L Hiscox Ltd | 2.14% | 2.31% | 2.74% | 2.79% | 2.63% | 0.97% | 0.00% | 2.38% | 1.84% | 1.95% | 2.41% | 2.10% |
Financials
HSX.L vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Hiscox Ltd 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
HSX.L vs. CBOE - Profitability Comparison
HSX.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hiscox Ltd reported a gross profit of 3.06B and revenue of 3.06B. Therefore, the gross margin over that period was 100.0%.
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%.
HSX.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hiscox Ltd reported an operating income of 458.29M and revenue of 3.06B, resulting in an operating margin of 15.0%.
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%.
HSX.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hiscox Ltd reported a net income of 378.81M and revenue of 3.06B, resulting in a net margin of 12.4%.
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
HSX.L and CBOE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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