KDP vs. CBOE
KDP (Keurig Dr Pepper Inc.) and CBOE (Cboe Global Markets, Inc.) are both stocks. KDP operates in Beverages - Non-Alcoholic (Consumer Defensive), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, KDP returned 10.46%/yr vs 17.84%/yr for CBOE. At a 0.19 correlation, their price movements are largely independent.
Performance
KDP vs. CBOE - Performance Comparison
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Returns By Period
In the year-to-date period, KDP achieves a 15.16% return, which is significantly lower than CBOE's 18.03% return. Over the past 10 years, KDP has underperformed CBOE with an annualized return of 10.46%, while CBOE has yielded a comparatively higher 17.84% annualized return.
KDP
- 1D
- 1.54%
- 1M
- 9.61%
- YTD
- 15.16%
- 6M
- 9.30%
- 1Y
- -0.75%
- 3Y*
- 3.13%
- 5Y*
- 0.48%
- 10Y*
- 10.46%
CBOE
- 1D
- -0.33%
- 1M
- -18.59%
- YTD
- 18.03%
- 6M
- 17.09%
- 1Y
- 31.97%
- 3Y*
- 31.02%
- 5Y*
- 22.58%
- 10Y*
- 17.84%
KDP vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KDP Keurig Dr Pepper Inc. | 15.16% | -10.14% | -1.05% | -4.24% | -1.23% | 17.49% | 13.03% | 15.43% | 65.97% | 9.76% |
CBOE Cboe Global Markets, Inc. | 18.03% | 29.96% | 10.74% | 44.37% | -2.16% | 42.23% | -21.17% | 24.16% | -20.60% | 70.49% |
Correlation
The correlation between KDP and CBOE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010 | 0.19 |
The correlation between KDP and CBOE shifts across timeframes, from 0.04 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KDP:
$43.24B
CBOE:
$30.97B
KDP:
$1.34
CBOE:
$11.77
KDP:
23.59
CBOE:
25.07
KDP:
2.84
CBOE:
0.47
KDP:
2.55
CBOE:
6.46
KDP:
2.07
CBOE:
5.76
KDP:
$16.94B
CBOE:
$4.79B
KDP:
$9.11B
CBOE:
$2.50B
KDP:
$3.70B
CBOE:
$1.87B
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Return for Risk
KDP vs. CBOE — Risk / Return Rank
KDP
CBOE
KDP vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Keurig Dr Pepper Inc. (KDP) 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.
| KDP | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.23 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.29 | -1.33 |
| Martin ratioReturn relative to average drawdown | -0.06 | 5.70 | -5.76 |
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Drawdowns
KDP vs. CBOE - Drawdown Comparison
The maximum KDP drawdown since its inception was -58.97%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for KDP and CBOE.
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Drawdown Indicators
| KDP | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -43.23% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -27.48% | -24.69% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -30.99% | -24.69% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -31.20% | -24.69% | -6.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.87% | -43.23% | +6.36% |
Current DrawdownCurrent decline from peak | -12.28% | -19.41% | +7.13% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -11.41% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.87% | 5.58% | +12.29% |
Volatility
KDP vs. CBOE - Volatility Comparison
The current volatility for Keurig Dr Pepper Inc. (KDP) is 5.54%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 15.70%. This indicates that KDP 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
| KDP | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 15.70% | -10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 24.24% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.89% | 27.44% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 23.27% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.87% | 25.36% | -1.49% |
Dividends
KDP vs. CBOE - Dividend Comparison
KDP's dividend yield for the trailing twelve months is around 2.90%, more than CBOE's 0.98% yield.
| 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% |
KDP Keurig Dr Pepper Inc. | 2.90% | 3.28% | 2.72% | 2.45% | 2.14% | 1.83% | 1.88% | 2.07% | 407.49% | 2.39% | 2.34% | 2.06% |
Financials
KDP vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Keurig Dr Pepper 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
KDP vs. CBOE - Profitability Comparison
KDP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Keurig Dr Pepper Inc. reported a gross profit of 2.10B and revenue of 3.98B. Therefore, the gross margin over that period was 52.8%.
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%.
KDP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Keurig Dr Pepper Inc. reported an operating income of 756.00M and revenue of 3.98B, resulting in an operating margin of 19.0%.
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%.
KDP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Keurig Dr Pepper Inc. reported a net income of 270.00M and revenue of 3.98B, resulting in a net margin of 6.8%.
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
KDP and CBOE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBOE has higher volatility (15.70%) compared to KDP (5.54%). In terms of maximum drawdown, KDP dropped -58.97% vs CBOE's -43.23%.
CBOE currently has the higher Sharpe Ratio (1.16 vs -0.04), 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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