CME vs CBOE Comparison: AI Score, Valuation, Performance and Upside
Compare CME's dominance in futures and derivatives against Cboe's leadership in listed options and volatility products.
Use this CME Group vs Cboe Global Markets comparison to evaluate the key differences across valuation, growth, profitability, and risk before making an investment decision.
CBOE holds the edge across 4 of 5 key metrics in this comparison. CBOE leads on both 1-year return (+28.29%) and forward P/E quality (20.37x vs 22.10x for CME), a relatively favorable combination of momentum and valuation. On fundamentals, CBOE is growing revenue faster (22.90%), while CME maintains the higher operating margin (65.04%) — a classic growth-versus-profitability split. Analyst consensus implies similar upside for both: -0.96% for CME and +1.51% for CBOE.
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
| Metric | CME | CBOE |
|---|---|---|
| AI scorei | 46.5 | 54.3 |
| AI ranki | #692 | #297 |
| Latest closei | $281.29 | $298.38 |
| 1M returni | +6.69% | +4.12% |
| 6M returni | -11.85% | -0.27% |
| 1Y returni | +7.39% | +28.29% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CME | CBOE |
|---|---|---|
| 1Y ago | $10.71K (+7.1%) started 2025-09-08 | $12.73K (+27.3%) started 2025-09-08 |
| 5Y ago | $20.59K (+105.9%) started 2021-09-09 | $25.75K (+157.5%) started 2021-09-09 |
| 10Y ago | $55.32K (+453.2%) started 2016-09-09 | $55.33K (+453.3%) started 2016-09-09 |
Hypothetical — past performance does not guarantee future results.
| Metric | CME | CBOE |
|---|---|---|
| Market capi | $102.77B | $32.42B |
| Trailing P/Ei | 24.22 | 23.94 |
| Forward P/Ei | 22.10 | 20.37 |
| Price/Salesi | 15.75 | N/A |
| EV/Revenuei | 15.44 | 6.25 |
| Analyst targeti | $283.07 | $315.14 |
| Target upsidei | -0.96% | +1.51% |
| Metric | CME | CBOE |
|---|---|---|
| Revenue growthi | 0.80% | 22.90% |
| Earnings growthi | 2.50% | 50.20% |
| EPS growthi | +2.50% | +50.20% |
| FCF margini | +43.05% | +13.40% |
| Operating margini | 65.04% | 34.63% |
| Profit margini | 63.44% | 26.73% |
| ROIC proxyi | 15.80% | 26.30% |
| Return on equityi | 15.80% | 26.30% |
| Dividend yieldi | 1.82% | 1.11% |
| Betai | 0.27 | 0.41 |
| Debt/equityi | 14.59 | 28.09 |
| Current ratioi | 1.02 | 1.56 |
| Quick ratioi | 0.02 | 0.79 |
Over the past year, CME and CBOE have moved moderately in the same direction (correlation of 0.60), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | CME | CBOE |
|---|---|---|---|
| 1Y | Growthi | +7.13% | +27.31% |
| CAGRi | +7.14% | +27.39% | |
| Volatilityi | 23.80% | 33.21% | |
| Sharpe ratioi | 0.22 | 0.76 | |
| Sortino ratioi | 0.30 | 1.05 | |
| Max drawdowni | 33.05% | 36.87% | |
| Current drawdowni | 13.84% | 18.63% | |
| Avg drawdowni | 9.03% | 8.01% | |
| Ulcer Indexi | 12.55% | 12.69% | |
| Max daily dropi | 5.77% | 9.76% | |
| Max wkly dropi | 11.49% | 22.26% | |
| 5Y | Growthi | +71.97% | +148.55% |
| CAGRi | +11.46% | +19.99% | |
| Volatilityi | 20.79% | 24.50% | |
| Sharpe ratioi | 0.41 | 0.69 | |
| Sortino ratioi | 0.58 | 0.97 | |
| Max drawdowni | 33.05% | 36.87% | |
| Current drawdowni | 13.84% | 18.63% | |
| Avg drawdowni | 11.13% | 6.18% | |
| Ulcer Indexi | 14.37% | 8.79% | |
| Max daily dropi | 5.77% | 9.76% | |
| Max wkly dropi | 11.49% | 22.26% | |
| 10Y | Growthi | +271.68% | +397.90% |
| CAGRi | +14.04% | +17.42% | |
| Volatilityi | 24.23% | 26.13% | |
| Sharpe ratioi | 0.48 | 0.58 | |
| Sortino ratioi | 0.67 | 0.81 | |
| Max drawdowni | 37.36% | 42.59% | |
| Current drawdowni | 13.84% | 18.63% | |
| Avg drawdowni | 9.23% | 11.02% | |
| Ulcer Indexi | 12.61% | 15.18% | |
| Max daily dropi | 18.39% | 14.33% | |
| Max wkly dropi | 27.51% | 28.68% |
| Category | CME | CBOE |
|---|---|---|
| Company | CME | CBOE |
| Sector | Financial Services | Financial Services |
| Industry | Financial Data & Stock Exchanges | Financial Data & Stock Exchanges |
| Core business | CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. | Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers trading, clearing, and investment solutions in the United States and internationally. |
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