Compare/Updated Oct 26, 2026, refreshed every trading day
CBOE vs CME
Cboe Global Markets, Inc. against CME Group Inc.: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
CBOE outperformed CME over the 1,000 trading days from October 28, 2022 to October 23, 2026. A $1,000 investment in CBOE grew to $2,850, a 185.0% total return, versus $2,089 for CME, a 108.9% return. CBOE also led over one month, six months, year to date, one year, and three years, although CME performed better over three months. The stronger gain came with greater risk: CBOE’s 12-month volatility was 35.6% versus CME’s 24.4%, and its worst drawdown was -36.7%, compared with -31.1% for CME. Their daily moves had a 0.504 correlation, rising to 0.597 over the last 12 months, while CBOE moved 0.65% per 1% move in CME. CBOE won 25 of the last 48 months, with a typical monthly gap of 2.43 points.
- Price is above its 200-day average ($290); 50-day at $291.
- RSI 73, overbought. Supertrend says buy. ADX 30, so the trend is strong.
- Price is above its 200-day average ($276); 50-day at $277.
- RSI 78, overbought. Supertrend says buy. ADX 31, so the trend is strong.
Head to head
Which has returned more, CBOE or CME?
CBOE beat CME in 25 of the last 48 months; CME won the other 23. The typical monthly gap was 2.43 points.
Total return by period
Which is riskier?
CBOE: May 13, 2026 to Jun 29, 2026; CME: Mar 2, 2026 to Jun 29, 2026
- 0.504
- correlation of daily moves, 4 years
- 0.65
- CBOE move per 1% in CME
- 0.597
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.43 points.
When did they diverge?
| Month | CBOE | CME | Gap |
|---|---|---|---|
| May 2026 | +11.4% | -5.0% | +16.35 pts |
| December 2024 | -9.5% | +0.5% | -9.95 pts |
| August 2026 | -3.0% | +6.6% | -9.58 pts |
| July 2024 | +7.9% | -1.5% | +9.38 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with CBOE and CME?
- Price
- $340.42
- Price
- $305.71
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