BLSH vs. CRCL

Last updated Apr 1, 2026

Compare and contrast key facts about Bullish (BLSH) and Circle Internet Group, Inc (CRCL).

Performance

BLSH vs. CRCL - Performance Comparison

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

BLSH vs. CRCL - Yearly Performance Comparison

	2026 (YTD)	2025
BLSH Bullish	-5.65%	-44.31%
CRCL Circle Internet Group, Inc	20.32%	-48.22%

Fundamentals

Market Cap BLSH : $5.39B CRCL : $23.12B
EPS BLSH : -$5.33 CRCL : -$0.36
PS Ratio BLSH : 0.03 CRCL : 6.76
PB Ratio BLSH : 1.67 CRCL : 6.94
Total Revenue (TTM) BLSH : $180.65B CRCL : $2.75B
Gross Profit (TTM) BLSH : $137.89M CRCL : $212.58M
EBITDA (TTM) BLSH : -$672.18M CRCL : -$108.84M

Returns By Period

In the year-to-date period, BLSH achieves a -5.65% return, which is significantly lower than CRCL's 20.32% return.

BLSH

• 1D: 7.39%
• 1M: 13.83%
• YTD: -5.65%
• 6M: -43.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCL

• 1D: 6.12%
• 1M: 14.35%
• YTD: 20.32%
• 6M: -28.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

BLSH vs. CRCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bullish (BLSH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BLSH	CRCL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	1.34	-2.13

Correlation

The correlation between BLSH and CRCL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BLSH vs. CRCL - Dividend Comparison

Neither BLSH nor CRCL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BLSH vs. CRCL - Drawdown Comparison

The maximum BLSH drawdown since its inception was -66.64%, smaller than the maximum CRCL drawdown of -80.93%. Use the drawdown chart below to compare losses from any high point for BLSH and CRCL.

Drawdown Indicators

	BLSH	CRCL	Difference
Max Drawdown Largest peak-to-trough decline	-66.64%	-80.93%	+14.29%
Current Drawdown Current decline from peak	-52.12%	-63.78%	+11.66%
Average Drawdown Average peak-to-trough decline	-38.31%	-52.05%	+13.74%

Volatility

Volatility by Period

	BLSH	CRCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	82.09%	220.90%	-138.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.09%	220.90%	-138.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.09%	220.90%	-138.81%

Financials