TIH.TO vs. CBOE
TIH.TO (Toromont Industries Ltd.) and CBOE (Cboe Global Markets, Inc.) are both stocks. TIH.TO operates in Industrial Distribution (Industrials), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, TIH.TO returned 20.90%/yr vs 18.87%/yr for CBOE. At a 0.09 correlation, their price movements are largely independent.
Performance
TIH.TO vs. CBOE - Performance Comparison
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Different Trading Currencies
TIH.TO is traded in CAD, while CBOE is traded in USD. To make them comparable, the CBOE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIH.TO achieves a 26.82% return, which is significantly higher than CBOE's 20.55% return. Over the past 10 years, TIH.TO has outperformed CBOE with an annualized return of 20.90%, while CBOE has yielded a comparatively lower 18.87% annualized return.
TIH.TO
- 1D
- 0.21%
- 1M
- -5.71%
- YTD
- 26.82%
- 6M
- 27.29%
- 1Y
- 73.91%
- 3Y*
- 26.98%
- 5Y*
- 15.83%
- 10Y*
- 20.90%
CBOE
- 1D
- -0.05%
- 1M
- -17.70%
- YTD
- 20.55%
- 6M
- 18.88%
- 1Y
- 34.78%
- 3Y*
- 33.03%
- 5Y*
- 26.20%
- 10Y*
- 18.87%
TIH.TO vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIH.TO Toromont Industries Ltd. | 26.82% | 48.42% | -0.52% | 20.67% | -13.29% | 29.90% | 28.45% | 32.28% | 0.04% | 32.10% |
CBOE Cboe Global Markets, Inc. | 20.55% | 24.03% | 20.12% | 40.93% | 4.04% | 42.16% | -23.04% | 19.04% | -13.92% | 58.94% |
Correlation
The correlation between TIH.TO and CBOE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010 | 0.09 |
The correlation between TIH.TO and CBOE shifts across timeframes, from -0.05 (3 years) to 0.09 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TIH.TO:
CA$17.23B
CBOE:
$30.97B
TIH.TO:
CA$6.29
CBOE:
$11.77
TIH.TO:
33.31
CBOE:
25.07
TIH.TO:
2.74
CBOE:
0.47
TIH.TO:
3.21
CBOE:
6.46
TIH.TO:
5.14
CBOE:
5.76
TIH.TO:
CA$5.34B
CBOE:
$4.79B
TIH.TO:
CA$1.39B
CBOE:
$2.50B
TIH.TO:
CA$1.06B
CBOE:
$1.87B
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Return for Risk
TIH.TO vs. CBOE — Risk / Return Rank
TIH.TO
CBOE
TIH.TO vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toromont Industries Ltd. (TIH.TO) 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.
| TIH.TO | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.24 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.89 | 1.45 | +5.44 |
| Martin ratioReturn relative to average drawdown | 23.19 | 6.43 | +16.75 |
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Drawdowns
TIH.TO vs. CBOE - Drawdown Comparison
The maximum TIH.TO drawdown since its inception was -39.19%, roughly equal to the maximum CBOE drawdown of -39.92%. Use the drawdown chart below to compare losses from any high point for TIH.TO and CBOE.
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Drawdown Indicators
| TIH.TO | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.19% | -39.92% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -24.18% | +13.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.53% | -24.18% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -24.18% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -25.45% | -38.41% | +12.96% |
Current DrawdownCurrent decline from peak | -7.75% | -17.99% | +10.24% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -10.90% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 5.42% | -2.20% |
Volatility
TIH.TO vs. CBOE - Volatility Comparison
The current volatility for Toromont Industries Ltd. (TIH.TO) is 10.60%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 15.73%. This indicates that TIH.TO 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
| TIH.TO | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 15.73% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 24.53% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 28.03% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 24.30% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.98% | 26.17% | -3.19% |
Dividends
TIH.TO vs. CBOE - Dividend Comparison
TIH.TO's dividend yield for the trailing twelve months is around 1.03%, 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% |
TIH.TO Toromont Industries Ltd. | 1.03% | 1.25% | 1.69% | 1.48% | 1.60% | 1.19% | 1.39% | 1.53% | 1.70% | 1.38% | 1.70% | 2.16% |
Financials
TIH.TO vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Toromont Industries 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
TIH.TO vs. CBOE - Profitability Comparison
TIH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported a gross profit of 317.34M and revenue of 1.23B. Therefore, the gross margin over that period was 25.8%.
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%.
TIH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported an operating income of 143.03M and revenue of 1.23B, resulting in an operating margin of 11.7%.
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%.
TIH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported a net income of 92.70M and revenue of 1.23B, resulting in a net margin of 7.6%.
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
TIH.TO and CBOE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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