CBOE vs LNAI: Correlation
Measured on weekly returns over the past three years, Cboe Global Markets (CBOE) and Lunai Bioworks Inc. (LNAI) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBOE and LNAI?
On 3 years of weekly data the CBOE/LNAI correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -1099.5 %².
Within CBOE's tracked universe of 39 assets, LNAI comes in at #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CBOE ahead by 121.1 points (+32.5% versus -88.6%). Note the risk asymmetry: LNAI runs 6.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CBOE vs LNAI: side by side
| CBOE (Cboe Global Markets) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +32.5% | -88.6% |
| 5-year return | +168.0% | -99.6% |
| Volatility (ann.) | 26.1% | 169.5% |
| Beta vs S&P 500 | 0.09 | 1.43 |
| Max drawdown (3Y) | -36.7% | -99.6% |
| Market cap | $32.8B | – |
| P/E (trailing) | 24.5 | – |
| Dividend yield | 0.92% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CBOE | LNAI |
|---|---|---|
| 2022 | -2.2% | -85.9% |
| 2023 | +44.4% | +207.8% |
| 2024 | +10.7% | -73.6% |
| 2025 | +29.2% | -89.4% |
| 2026 | +25.7% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBOE and LNAI good diversifiers for each other?
Yes. With a correlation of -0.25, CBOE and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBOE and LNAI?
The CBOE/LNAI correlation stands at -0.25 on a 3-year window (1 year: -0.30, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is LNAI a good diversifier for CBOE?
Yes. With a correlation of -0.25, CBOE and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cboe-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cboe-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBOE correlations · LNAI correlations
