CRCL vs. BLSH
CRCL (Circle Internet Group, Inc.) and BLSH (Bullish) are both stocks. CRCL operates in Capital Markets (Financial Services), while BLSH operates in Software - Infrastructure (Technology). A 0.59 correlation means they provide meaningful diversification when combined.
Performance
CRCL vs. BLSH - Performance Comparison
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Returns By Period
In the year-to-date period, CRCL achieves a 0.82% return, which is significantly higher than BLSH's -33.75% return.
CRCL
- 1D
- -0.35%
- 1M
- -29.32%
- YTD
- 0.82%
- 6M
- -8.10%
- 1Y
- -66.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLSH
- 1D
- 4.11%
- 1M
- -28.68%
- YTD
- -33.75%
- 6M
- -44.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCL vs. BLSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCL Circle Internet Group, Inc. | 0.82% | -51.41% |
BLSH Bullish | -33.75% | -57.92% |
Correlation
The correlation between CRCL and BLSH is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025 | 0.59 |
Fundamentals
CRCL:
-$0.54
BLSH:
-$6.90
CRCL:
4.08
BLSH:
0.02
CRCL:
$2.86B
BLSH:
$216.53B
CRCL:
$57.27M
BLSH:
$45.04M
CRCL:
-$129.43M
BLSH:
-$446.11M
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Return for Risk
CRCL vs. BLSH — Risk / Return Rank
CRCL
BLSH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CRCL vs. BLSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Circle Internet Group, Inc. (CRCL) and Bullish (BLSH). 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.
| CRCL | BLSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | — | — |
| Martin ratioReturn relative to average drawdown | -1.14 | — | — |
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Drawdowns
CRCL vs. BLSH - Drawdown Comparison
The maximum CRCL drawdown since its inception was -80.93%, which is greater than BLSH's maximum drawdown of -73.49%. Use the drawdown chart below to compare losses from any high point for CRCL and BLSH.
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Drawdown Indicators
| CRCL | BLSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.93% | -73.49% | -7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -80.93% | — | — |
Current DrawdownCurrent decline from peak | -69.65% | -72.12% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -54.18% | -51.65% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.44% | — | — |
Volatility
CRCL vs. BLSH - Volatility Comparison
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Volatility by Period
| CRCL | BLSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 71.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.10% | 84.28% | +16.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.70% | 84.28% | +32.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.70% | 84.28% | +32.42% |
Dividends
CRCL vs. BLSH - Dividend Comparison
Neither CRCL nor BLSH has paid dividends to shareholders.
Financials
CRCL vs. BLSH - Financials Comparison
This section allows you to compare key financial metrics between Circle Internet Group, Inc. and Bullish. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CRCL vs. BLSH - Profitability Comparison
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%.
BLSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bullish reported a gross profit of 17.78M and revenue of 51.81B. Therefore, the gross margin over that period was 0.0%.
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%.
BLSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bullish reported an operating income of -57.85M and revenue of 51.81B, resulting in an operating margin of -0.1%.
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%.
BLSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bullish reported a net income of -581.71M and revenue of 51.81B, resulting in a net margin of -1.1%.
Frequently Asked Questions
CRCL and BLSH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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