CBOE Is Down 25%. What History Says About This Drop

Cboe Global Markets, Inc. (CBOE) has entered the red zone as of June 2, 2026, after its drawdown widened to 24.8% from its all-time high of $366.70. This move represents a significant shift in risk profile, as the stock transitioned from the yellow zone to a Drawdown Severity Score™ of 6.2 in just 13 days. Our data shows that the current price of $275.59 places the asset in a position of high historical severity relative to its typical price action.

Understanding the Move to the Red Zone

The transition from the yellow zone to the red zone indicates that the current sell-off has surpassed standard volatility for Cboe Global Markets, Inc. (CBOE). While the stock has experienced 136 total historical drawdown events, the current Drawdown Severity Score™ of 6.2 reflects a drawdown that is much deeper than the asset's historical norm. Our data indicates that the average max drawdown for this stock is only 3.1%, meaning the current 24.8% decline is more than eight times the historical average.

The speed of this decline is also a factor in the current severity score. Reaching a 24.8% drawdown in only 13 days is a rapid acceleration compared to the average drawdown duration of 39 days. When a stock breaches these historical averages so quickly, our Drawdown Severity Score™ scales higher to reflect the increased risk of a prolonged recovery period.

Historical Context of 20% Pullbacks

In the history of Cboe Global Markets, Inc. (CBOE), drawdowns exceeding 20% are relatively rare. Our data shows this has happened only 3 times previously. Because this is a small sample size, investors should view the historical averages with the understanding that past performance for this specific ticker is based on limited data points for this level of severity.

The last 3 times the stock dropped 20% or more, the average duration of the drawdown was 939 days. This stands in stark contrast to the stock's overall average drawdown duration of 39 days, which includes all the minor 1% to 5% dips. When the Drawdown Severity Score™ enters the red zone for this ticker, history suggests the recovery process has historically been measured in years rather than weeks or months.

Data-Driven Risk Analysis

Our analysis of Cboe Global Markets, Inc. (CBOE) relies exclusively on price and drawdown history. We do not incorporate fundamental data, earnings reports, or broader market sentiment into this assessment. The objective is to provide a clear picture of how the current price action compares to every other drawdown in the stock's history since its inception.

The Drawdown Severity Score™ of 6.2 is a proprietary metric that quantifies this relationship. By looking at the 24.8% drop as of June 2, 2026, we can see that the stock is currently in an outlier state. While the majority of its 136 historical drawdowns were shallow and brief, the current event aligns with the most severe tier of the stock's historical performance.

Monitoring the Recovery Path

As Cboe Global Markets, Inc. (CBOE) remains in the red zone, there are specific data markers that will indicate a shift in the risk profile. A reduction in the drawdown depth from the current 24.8% would eventually lead to a lower Drawdown Severity Score™, but the stock must first stabilize its price action. Given that the current duration is only 13 days, it is significantly shorter than the 939-day average seen in comparable historical events.

We will continue to track the Drawdown Severity Score™ to see if it moves deeper into the red zone or begins the process of zone migration back toward yellow. Investors tracking this ticker can use these severity thresholds to gauge whether the current sell-off is following the path of the previous 3 major drawdowns or if it will establish a new historical precedent for the stock.