CBOE vs NIXX: Correlation
Cboe Global Markets (CBOE) and Nixxy, Inc. (NIXX) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBOE and NIXX?
Over the past 3 years, CBOE and NIXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.35 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1132.8 %².
NIXX is close to the least connected end of CBOE's tracked universe, ranking #38 of 39. Correlation aside, the last 12 months split them widely, with CBOE ahead by 91.7 points (+32.5% versus -59.2%). One caveat on sizing: NIXX is 4.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NIXX: side by side
| CBOE (Cboe Global Markets) | NIXX (Nixxy, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | -59.2% |
| 5-year return | +168.0% | -98.9% |
| Volatility (ann.) | 26.1% | 123.9% |
| Beta vs S&P 500 | 0.09 | 0.15 |
| Max drawdown (3Y) | -36.7% | -91.9% |
| 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 | NIXX |
|---|---|---|
| 2022 | -2.2% | -84.0% |
| 2023 | +44.4% | -75.8% |
| 2024 | +10.7% | +246.1% |
| 2025 | +29.2% | -81.7% |
| 2026 | +25.7% | -32.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBOE and NIXX good diversifiers for each other?
Yes. With a correlation of -0.35, CBOE and NIXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBOE and NIXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.48 over the last year and -0.19 over 5 years.
Is NIXX a good diversifier for CBOE?
Yes. With a correlation of -0.35, CBOE and NIXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CBOE correlations · NIXX correlations
