MO vs. CBOE
MO (Altria Group, Inc.) and CBOE (Cboe Global Markets, Inc.) are both stocks. MO operates in Tobacco (Consumer Defensive), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, MO returned 7.93%/yr vs 17.84%/yr for CBOE. At a 0.19 correlation, their price movements are largely independent.
Performance
MO vs. CBOE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MO achieves a 26.86% return, which is significantly higher than CBOE's 18.03% return. Over the past 10 years, MO has underperformed CBOE with an annualized return of 7.93%, while CBOE has yielded a comparatively higher 17.84% annualized return.
MO
- 1D
- 0.74%
- 1M
- 0.56%
- YTD
- 26.86%
- 6M
- 26.78%
- 1Y
- 28.51%
- 3Y*
- 25.73%
- 5Y*
- 16.36%
- 10Y*
- 7.93%
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%
MO vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MO Altria Group, Inc. | 26.86% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
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 MO and CBOE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
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 |
Fundamentals
MO:
$120.36B
CBOE:
$30.97B
MO:
$4.79
CBOE:
$11.77
MO:
15.00
CBOE:
25.07
MO:
0.32
CBOE:
0.47
MO:
5.54
CBOE:
6.46
MO:
$21.82B
CBOE:
$4.79B
MO:
$14.80B
CBOE:
$2.50B
MO:
$11.70B
CBOE:
$1.87B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MO vs. CBOE — Risk / Return Rank
MO
CBOE
MO vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Altria Group, Inc. (MO) 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.
| MO | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.29 | +0.46 |
| Martin ratioReturn relative to average drawdown | 4.39 | 5.70 | -1.30 |
Loading charts...
Drawdowns
MO vs. CBOE - Drawdown Comparison
The maximum MO drawdown since its inception was -65.43%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for MO and CBOE.
Loading charts...
Drawdown Indicators
| MO | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.43% | -43.23% | -22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -24.69% | +8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -24.69% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -24.69% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -53.69% | -43.23% | -10.46% |
Current DrawdownCurrent decline from peak | -3.50% | -19.41% | +15.91% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -11.41% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 5.58% | +0.92% |
Volatility
MO vs. CBOE - Volatility Comparison
The current volatility for Altria Group, Inc. (MO) is 6.71%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 15.70%. This indicates that MO 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.
Loading charts...
Volatility by Period
| MO | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 15.70% | -8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 24.24% | -6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 27.44% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.68% | 23.27% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.97% | 25.36% | -2.39% |
Dividends
MO vs. CBOE - Dividend Comparison
MO's dividend yield for the trailing twelve months is around 5.84%, 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% |
MO Altria Group, Inc. | 5.84% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Financials
MO vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Altria Group, 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
MO vs. CBOE - Profitability Comparison
MO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a gross profit of 3.51B and revenue of 5.43B. Therefore, the gross margin over that period was 64.6%.
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%.
MO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported an operating income of 2.96B and revenue of 5.43B, resulting in an operating margin of 54.5%.
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%.
MO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a net income of 2.18B and revenue of 5.43B, resulting in a net margin of 40.2%.
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
MO and CBOE have a correlation of 0.21, 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 MO (6.71%). In terms of maximum drawdown, MO dropped -65.43% vs CBOE's -43.23%.
MO currently has the higher Sharpe Ratio (1.27 vs 1.16), 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.
Find the right allocation for MO and CBOE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer