WDC vs. CBOE
WDC (Western Digital Corporation) and CBOE (Cboe Global Markets, Inc.) are both stocks. WDC operates in Computer Hardware (Technology), while CBOE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, WDC returned 32.86%/yr vs 17.38%/yr for CBOE. At a 0.13 correlation, their price movements are largely independent.
Performance
WDC vs. CBOE - Performance Comparison
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Returns By Period
In the year-to-date period, WDC achieves a 206.10% return, which is significantly higher than CBOE's 12.19% return. Over the past 10 years, WDC has outperformed CBOE with an annualized return of 32.86%, while CBOE has yielded a comparatively lower 17.38% annualized return.
WDC
- 1D
- 2.97%
- 1M
- 9.81%
- YTD
- 206.10%
- 6M
- 210.59%
- 1Y
- 852.85%
- 3Y*
- 160.14%
- 5Y*
- 56.39%
- 10Y*
- 32.86%
CBOE
- 1D
- -0.56%
- 1M
- -19.41%
- YTD
- 12.19%
- 6M
- 11.21%
- 1Y
- 27.25%
- 3Y*
- 27.99%
- 5Y*
- 21.30%
- 10Y*
- 17.38%
WDC vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDC Western Digital Corporation | 206.10% | 283.68% | 13.86% | 65.99% | -51.62% | 17.73% | -10.89% | 77.14% | -51.90% | 19.83% |
CBOE Cboe Global Markets, Inc. | 12.19% | 29.96% | 10.74% | 44.37% | -2.16% | 42.23% | -21.17% | 24.16% | -20.60% | 70.49% |
Correlation
The correlation between WDC and CBOE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
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 | 0.13 |
The correlation between WDC and CBOE shifts across timeframes, from -0.17 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WDC:
$23.29
CBOE:
$11.77
WDC:
22.63
CBOE:
23.83
WDC:
0.53
CBOE:
0.44
WDC:
12.46
CBOE:
6.14
WDC:
$11.78B
CBOE:
$4.79B
WDC:
$5.35B
CBOE:
$2.50B
WDC:
$10.88B
CBOE:
$1.87B
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Return for Risk
WDC vs. CBOE — Risk / Return Rank
WDC
CBOE
WDC vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Digital Corporation (WDC) 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.
| WDC | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.32 | ||
| Sortino ratioReturn per unit of downside risk | +5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.94 | 1.20 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 41.84 | 1.11 | +40.73 |
| Martin ratioReturn relative to average drawdown | 146.77 | 5.44 | +141.33 |
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
| WDC | CBOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 13.33 | 1.01 | +12.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.92 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.66 | -0.45 |
Drawdowns
WDC vs. CBOE - Drawdown Comparison
The maximum WDC drawdown since its inception was -96.20%, which is greater than CBOE's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for WDC and CBOE.
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Drawdown Indicators
| WDC | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.20% | -43.23% | -52.97% |
Max Drawdown (1Y)Largest decline over 1 year | -20.59% | -24.69% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | -24.69% | -24.96% |
Max Drawdown (5Y)Largest decline over 5 years | -59.68% | -24.69% | -34.99% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -43.23% | -27.26% |
Current DrawdownCurrent decline from peak | -11.28% | -23.40% | +12.12% |
Average DrawdownAverage peak-to-trough decline | -52.09% | -11.40% | -40.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 5.02% | +0.84% |
Volatility
WDC vs. CBOE - Volatility Comparison
Western Digital Corporation (WDC) has a higher volatility of 20.86% compared to Cboe Global Markets, Inc. (CBOE) at 15.60%. This indicates that WDC'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
| WDC | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.86% | 15.60% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 52.91% | 23.74% | +29.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.74% | 27.02% | +37.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.62% | 23.17% | +25.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.52% | 25.32% | +23.20% |
Dividends
WDC vs. CBOE - Dividend Comparison
WDC's dividend yield for the trailing twelve months is around 0.09%, less than CBOE's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.03% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
WDC Western Digital Corporation | 0.09% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Financials
WDC vs. CBOE - Financials Comparison
This section allows you to compare key financial metrics between Western Digital Corporation 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
WDC vs. CBOE - Profitability Comparison
WDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a gross profit of 1.68B and revenue of 3.34B. Therefore, the gross margin over that period was 50.2%.
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%.
WDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported an operating income of 1.14B and revenue of 3.34B, resulting in an operating margin of 34.0%.
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%.
WDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a net income of 3.21B and revenue of 3.34B, resulting in a net margin of 96.0%.
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
WDC and CBOE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDC has higher volatility (20.86%) compared to CBOE (15.60%). In terms of maximum drawdown, WDC dropped -96.20% vs CBOE's -43.23%.
WDC currently has the higher Sharpe Ratio (13.33 vs 1.01), 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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