AIRO vs. CRCL

Last updated Jun 24, 2026

AIRO (AIRO Group Holdings, Inc) and CRCL (Circle Internet Group, Inc.) are both stocks. AIRO operates in Aerospace & Defense (Industrials), while CRCL operates in Capital Markets (Financial Services). Over the past year, AIRO returned -72.38% vs -71.27% for CRCL. At a 0.34 correlation, their price movements are largely independent.

Performance

AIRO vs. CRCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AIRO Group Holdings, Inc (AIRO) and Circle Internet Group, Inc. (CRCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIRO achieves a -9.17% return, which is significantly lower than CRCL's -4.56% return.

AIRO

• 1D: -3.38%
• 1M: 13.26%
• YTD: -9.17%
• 6M: -19.24%
• 1Y: -72.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCL

• 1D: -5.34%
• 1M: -33.10%
• YTD: -4.56%
• 6M: -8.52%
• 1Y: -71.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIRO vs. CRCL - Yearly Performance Comparison

	2026 (YTD)	2025
AIRO AIRO Group Holdings, Inc	-9.17%	-36.59%
CRCL Circle Internet Group, Inc.	-4.56%	-25.57%

Correlation

The correlation between AIRO and CRCL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.34

Fundamentals

EPS AIRO : $0.38 CRCL : -$0.54
PS Ratio AIRO : 2.16 CRCL : 3.86
Total Revenue (TTM) AIRO : $90.91M CRCL : $2.86B
Gross Profit (TTM) AIRO : $54.42M CRCL : $57.27M
EBITDA (TTM) AIRO : -$28.77M CRCL : -$129.43M

Return for Risk

AIRO vs. CRCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIRO

AIRO Risk / Return Rank: 9
AIRO Sharpe Ratio Rank: 9
AIRO Sortino Ratio Rank: 7
AIRO Omega Ratio Rank: 9
AIRO Calmar Ratio Rank: 6
AIRO Martin Ratio Rank: 12

CRCL

CRCL Risk / Return Rank: 10
CRCL Sharpe Ratio Rank: 12
CRCL Sortino Ratio Rank: 10
CRCL Omega Ratio Rank: 12
CRCL Calmar Ratio Rank: 7
CRCL Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIRO vs. CRCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AIRO Group Holdings, Inc (AIRO) and Circle Internet Group, Inc. (CRCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIRO	CRCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	-0.71	-0.09
Sortino ratio: Return per unit of downside risk	-1.39	-1.13	-0.26
Omega ratio: Gain probability vs. loss probability	0.85	0.88	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.91	-0.91	0.00
Martin ratio: Return relative to average drawdown	-1.28	-1.32	+0.03

AIRO vs. CRCL - Sharpe Ratio Comparison

The current AIRO Sharpe Ratio is -0.80, which is comparable to the CRCL Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of AIRO and CRCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIRO vs. CRCL - Drawdown Comparison

The maximum AIRO drawdown since its inception was -81.13%, roughly equal to the maximum CRCL drawdown of -80.93%. Use the drawdown chart below to compare losses from any high point for AIRO and CRCL.

Drawdown Indicators

	AIRO	CRCL	Difference
Max Drawdown Largest peak-to-trough decline	-81.13%	-80.93%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-79.69%	-78.63%	-1.06%
Current Drawdown Current decline from peak	-76.03%	-71.27%	-4.76%
Average Drawdown Average peak-to-trough decline	-54.83%	-54.24%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.40%	58.61%	-2.21%

Volatility

AIRO vs. CRCL - Volatility Comparison

AIRO Group Holdings, Inc (AIRO) has a higher volatility of 30.17% compared to Circle Internet Group, Inc. (CRCL) at 24.06%. This indicates that AIRO's price experiences larger fluctuations and is considered to be riskier than CRCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIRO	CRCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.17%	24.06%	+6.11%
Volatility (6M) Calculated over the trailing 6-month period	62.81%	71.28%	-8.47%
Volatility (1Y) Calculated over the trailing 1-year period	93.28%	101.02%	-7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.60%	116.61%	+13.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.60%	116.61%	+13.99%

Dividends

AIRO vs. CRCL - Dividend Comparison

Neither AIRO nor CRCL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AIRO vs. CRCL - Profitability Comparison

The chart below illustrates the profitability comparison between AIRO Group Holdings, Inc and Circle Internet Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AIRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AIRO Group Holdings, Inc reported a gross profit of 32.34M and revenue of 48.28M. Therefore, the gross margin over that period was 67.0%.

CRCL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Circle Internet Group, Inc. reported a gross profit of 0.00 and revenue of 694.13M. Therefore, the gross margin over that period was 0.0%.

AIRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AIRO Group Holdings, Inc reported an operating income of 5.98M and revenue of 48.28M, resulting in an operating margin of 12.4%.

CRCL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Circle Internet Group, Inc. reported an operating income of 45.00M and revenue of 694.13M, resulting in an operating margin of 6.5%.

AIRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AIRO Group Holdings, Inc reported a net income of 14.05M and revenue of 48.28M, resulting in a net margin of 29.1%.

CRCL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Circle Internet Group, Inc. reported a net income of 55.25M and revenue of 694.13M, resulting in a net margin of 8.0%.

Frequently Asked Questions

Can I hold both AIRO and CRCL in my portfolio?

AIRO and CRCL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIRO or CRCL?

AIRO has higher volatility (30.17%) compared to CRCL (24.06%). In terms of maximum drawdown, AIRO dropped -81.13% vs CRCL's -80.93%.

Which has better risk-adjusted returns?

CRCL currently has the higher Sharpe Ratio (-0.71 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.