STGW vs. CBOE
STGW (Stagwell Inc.) and CBOE (Cboe Global Markets, Inc.) are both stocks. STGW operates in Advertising Agencies (Communication Services), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 3 years, STGW returned 7.46%/yr vs 31.94%/yr for CBOE. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
STGW vs. CBOE - Performance Comparison
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Returns By Period
In the year-to-date period, STGW achieves a 72.80% return, which is significantly higher than CBOE's 24.16% return.
STGW
- 1D
- -0.47%
- 1M
- 14.19%
- 6M
- 40.60%
- YTD
- 72.80%
- 1Y
- 51.43%
- 3Y*
- 7.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.30%
CBOE
- 1D
- 4.62%
- 1M
- 24.60%
- 6M
- 17.58%
- YTD
- 24.16%
- 1Y
- 26.51%
- 3Y*
- 31.94%
- 5Y*
- 22.86%
- 10Y*
- 17.85%
- ALL TIME*
- 16.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $331.59M | $331.44M | $425.74M | |
STGW Stagwell Inc. | $9.96M | $9.06M | $10.17M |
STGW vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
STGW Stagwell Inc. | 72.80% | -25.68% | -0.75% | 6.76% | -28.37% | 32.77% |
CBOE Cboe Global Markets, Inc. | 24.16% | 29.96% | 10.74% | 44.37% | -2.16% | 8.88% |
Correlation
The correlation between STGW and CBOE is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2021 | 0.07 |
The correlation between STGW and CBOE shifts across timeframes, from -0.04 (3 years) to 0.07 (all time), reflecting how their relationship changes across market environments.
Fundamentals
STGW:
$2.09B
CBOE:
$32.47B
STGW:
$0.07
CBOE:
$12.89
STGW:
118.53
CBOE:
24.06
STGW:
0.21
CBOE:
0.45
STGW:
0.71
CBOE:
6.43
STGW:
3.06
CBOE:
5.78
STGW:
$3.04B
CBOE:
$5.06B
STGW:
$1.05B
CBOE:
$2.65B
STGW:
$248.34M
CBOE:
$2.05B
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Return for Risk
STGW vs. CBOE — Risk / Return Rank
STGW
CBOE
STGW vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stagwell Inc. (STGW) 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.
| STGW | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.82 | +0.48 |
| Martin ratioReturn relative to average drawdown | 3.74 | 2.67 | +1.06 |
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Drawdowns
STGW vs. CBOE - Drawdown Comparison
The maximum STGW drawdown since its inception was -62.11%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for STGW and CBOE.
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Drawdown Indicators
| STGW | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.11% | -43.23% | -18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -36.78% | -36.73% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -48.64% | -36.73% | -11.91% |
Max Drawdown (5Y)Largest decline over 5 years | -62.11% | -36.73% | -25.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.23% | — |
Current DrawdownCurrent decline from peak | -20.36% | -15.22% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -37.75% | -11.53% | -26.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 11.27% | +1.48% |
Volatility
STGW vs. CBOE - Volatility Comparison
Stagwell Inc. (STGW) has a higher volatility of 11.00% compared to Cboe Global Markets, Inc. (CBOE) at 10.21%. This indicates that STGW'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
| STGW | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.00% | 10.21% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 39.40% | 29.24% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 31.94% | +25.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.21% | 24.22% | +30.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.21% | 25.89% | +29.32% |
Dividends
STGW vs. CBOE - Dividend Comparison
STGW has not paid dividends to shareholders, while CBOE's dividend yield for the trailing twelve months is around 0.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 0.93% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
STGW Stagwell 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
STGW vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Stagwell 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
STGW vs. CBOE - Profitability Comparison
STGW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Stagwell Inc. reported a gross profit of 269.24M and revenue of 786.31M. Therefore, the gross margin over that period was 34.2%.
CBOE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cboe Global Markets, Inc. reported a gross profit of 731.60M and revenue of 1.44B. Therefore, the gross margin over that period was 50.7%.
STGW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Stagwell Inc. reported an operating income of 11.55M and revenue of 786.31M, resulting in an operating margin of 1.5%.
CBOE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cboe Global Markets, Inc. reported an operating income of 476.00M and revenue of 1.44B, resulting in an operating margin of 33.0%.
STGW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Stagwell Inc. reported a net income of -6.17M and revenue of 786.31M, resulting in a net margin of -0.8%.
CBOE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cboe Global Markets, Inc. reported a net income of 353.10M and revenue of 1.44B, resulting in a net margin of 24.5%.
Frequently Asked Questions
STGW and CBOE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STGW has higher volatility (11.00%) compared to CBOE (10.21%). In terms of maximum drawdown, STGW dropped -62.11% vs CBOE's -43.23%.
CBOE currently has the higher Sharpe Ratio (0.95 vs 0.85), 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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