CBOE vs SDOT: Correlation
Measured on weekly returns over the past three years, Cboe Global Markets (CBOE) and Sadot Group Inc. (SDOT) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBOE and SDOT?
Over the past 3 years, CBOE and SDOT moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.31 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -2033.5 %².
Among the 39 assets we track against CBOE, SDOT sits near the bottom by co-movement, at rank #36. Correlation aside, the last 12 months split them widely, with CBOE ahead by 123.9 points (+32.5% versus -91.4%). Risk is not evenly split, since SDOT carries 9.6 times the volatility of the other side.
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 SDOT: side by side
| CBOE (Cboe Global Markets) | SDOT (Sadot Group Inc.) | |
|---|---|---|
| 1-year return | +32.5% | -91.4% |
| 5-year return | +168.0% | -99.3% |
| Volatility (ann.) | 26.1% | 250.1% |
| Beta vs S&P 500 | 0.09 | -0.18 |
| Max drawdown (3Y) | -36.7% | -99.9% |
| 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 | SDOT |
|---|---|---|
| 2022 | -2.2% | +26.4% |
| 2023 | +44.4% | -55.9% |
| 2024 | +10.7% | -5.5% |
| 2025 | +29.2% | -96.8% |
| 2026 | +25.7% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBOE and SDOT good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CBOE and SDOT?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.44 over the last year and -0.22 over 5 years.
Is SDOT a good diversifier for CBOE?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-sdot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cboe-vs-sdot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBOE correlations · SDOT correlations
