BLSH vs. FIG

Last updated Apr 2, 2026

Compare and contrast key facts about Bullish (BLSH) and Figma, Inc (FIG).

Performance

BLSH vs. FIG - Performance Comparison

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

BLSH vs. FIG - Yearly Performance Comparison

	2026 (YTD)	2025
BLSH Bullish	-7.39%	-44.31%
FIG Figma, Inc	-45.36%	-54.38%

Fundamentals

Market Cap BLSH : $5.29B FIG : $10.44B
EPS BLSH : -$5.33 FIG : -$2.64
PS Ratio BLSH : 0.03 FIG : 9.61
PB Ratio BLSH : 1.64 FIG : 6.91
Total Revenue (TTM) BLSH : $180.65B FIG : $1.06B
Gross Profit (TTM) BLSH : $137.89M FIG : $870.26M
EBITDA (TTM) BLSH : -$672.18M FIG : -$1.25B

Returns By Period

In the year-to-date period, BLSH achieves a -7.39% return, which is significantly higher than FIG's -45.36% return.

BLSH

• 1D: -1.85%
• 1M: 3.73%
• YTD: -7.39%
• 6M: -42.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIG

• 1D: -3.41%
• 1M: -30.28%
• YTD: -45.36%
• 6M: -59.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

BLSH vs. FIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bullish (BLSH) and Figma, Inc (FIG). 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	FIG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	-1.06	+0.26

Correlation

The correlation between BLSH and FIG is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BLSH vs. FIG - Dividend Comparison

Neither BLSH nor FIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BLSH vs. FIG - Drawdown Comparison

The maximum BLSH drawdown since its inception was -66.64%, smaller than the maximum FIG drawdown of -83.48%. Use the drawdown chart below to compare losses from any high point for BLSH and FIG.

Drawdown Indicators

	BLSH	FIG	Difference
Max Drawdown Largest peak-to-trough decline	-66.64%	-83.48%	+16.84%
Current Drawdown Current decline from peak	-53.01%	-83.26%	+30.25%
Average Drawdown Average peak-to-trough decline	-38.41%	-63.78%	+25.37%

Volatility

Volatility by Period

	BLSH	FIG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	81.85%	87.65%	-5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.85%	87.65%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.85%	87.65%	-5.80%

Financials