CBOE vs SBUX: Correlation
Measured on weekly returns over the past three years, Cboe Global Markets (CBOE) and Starbucks (SBUX) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBOE and SBUX?
On 3 years of weekly data the CBOE/SBUX correlation comes out at 0.26, weak. Recent behaviour matches the longer record: 0.36 over 1 year against 0.26 over 3. The 5-year figure is 0.30, and annualized covariance runs at 228.3 %².
Among the 39 assets we track against CBOE, SBUX ranks #14 by 3-year correlation. On 12-month performance CBOE holds a 7.0-point edge, +32.5% against +25.5%. On a rolling one-year basis the correlation drifted between -0.03 and 0.46, a moderate band.
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 SBUX: side by side
| CBOE (Cboe Global Markets) | SBUX (Starbucks) | |
|---|---|---|
| 1-year return | +32.5% | +25.5% |
| 5-year return | +168.0% | +4.5% |
| Volatility (ann.) | 26.1% | 34.2% |
| Beta vs S&P 500 | 0.09 | 1.10 |
| Max drawdown (3Y) | -36.7% | -32.0% |
| Market cap | $32.8B | $122.3B |
| P/E (trailing) | 24.5 | 62.7 |
| Dividend yield | 0.92% | 2.29% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | CBOE | SBUX |
|---|---|---|
| 2022 | -2.2% | -13.2% |
| 2023 | +44.4% | -1.2% |
| 2024 | +10.7% | -2.5% |
| 2025 | +29.2% | -5.3% |
| 2026 | +25.7% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBOE and SBUX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CBOE and SBUX?
The CBOE/SBUX correlation stands at 0.26 on a 3-year window (1 year: 0.36, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is SBUX a good diversifier for CBOE?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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-sbux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cboe-vs-sbux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBOE correlations · SBUX correlations
