CRCL vs. CRWV

Last updated Jun 25, 2026

CRCL (Circle Internet Group, Inc.) and CRWV (CoreWeave, Inc.) are both stocks. CRCL operates in Capital Markets (Financial Services), while CRWV operates in Software - Infrastructure (Technology). Over the past year, CRCL returned -68.12% vs -41.56% for CRWV. At a 0.38 correlation, their price movements are largely independent.

Performance

CRCL vs. CRWV - Performance Comparison

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

Returns By Period

In the year-to-date period, CRCL achieves a -10.49% return, which is significantly lower than CRWV's 40.87% return.

CRCL

• 1D: -6.21%
• 1M: -37.25%
• YTD: -10.49%
• 6M: -14.11%
• 1Y: -68.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRWV

• 1D: -4.58%
• 1M: -4.37%
• YTD: 40.87%
• 6M: 27.91%
• 1Y: -41.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCL vs. CRWV - Yearly Performance Comparison

	2026 (YTD)	2025
CRCL Circle Internet Group, Inc.	-10.49%	14.93%
CRWV CoreWeave, Inc.	40.87%	-56.09%

Correlation

The correlation between CRCL and CRWV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.38

Fundamentals

EPS CRCL : -$0.54 CRWV : -$3.27
PS Ratio CRCL : 3.62 CRWV : 7.89
Total Revenue (TTM) CRCL : $2.86B CRWV : $6.23B
Gross Profit (TTM) CRCL : $57.27M CRWV : $4.32B
EBITDA (TTM) CRCL : -$129.43M CRWV : $1.89B

Return for Risk

CRCL vs. CRWV — Risk / Return Rank

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

CRCL

CRCL Risk / Return Rank: 13
CRCL Sharpe Ratio Rank: 13
CRCL Sortino Ratio Rank: 12
CRCL Omega Ratio Rank: 15
CRCL Calmar Ratio Rank: 9
CRCL Martin Ratio Rank: 14

CRWV

CRWV Risk / Return Rank: 24
CRWV Sharpe Ratio Rank: 23
CRWV Sortino Ratio Rank: 29
CRWV Omega Ratio Rank: 30
CRWV Calmar Ratio Rank: 17
CRWV Martin Ratio Rank: 20

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.

CRCL vs. CRWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Circle Internet Group, Inc. (CRCL) and CoreWeave, Inc. (CRWV). 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	CRWV	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	-0.44	-0.24
Sortino ratio: Return per unit of downside risk	-1.01	-0.15	-0.87
Omega ratio: Gain probability vs. loss probability	0.89	0.98	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.68	-0.18
Martin ratio: Return relative to average drawdown	-1.26	-1.07	-0.19

CRCL vs. CRWV - Sharpe Ratio Comparison

The current CRCL Sharpe Ratio is -0.69, which is lower than the CRWV Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of CRCL and CRWV, 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

CRCL vs. CRWV - Drawdown Comparison

The maximum CRCL drawdown since its inception was -80.93%, which is greater than CRWV's maximum drawdown of -64.84%. Use the drawdown chart below to compare losses from any high point for CRCL and CRWV.

Drawdown Indicators

	CRCL	CRWV	Difference
Max Drawdown Largest peak-to-trough decline	-80.93%	-64.84%	-16.09%
Max Drawdown (1Y) Largest decline over 1 year	-78.63%	-60.93%	-17.70%
Current Drawdown Current decline from peak	-73.06%	-45.05%	-28.01%
Average Drawdown Average peak-to-trough decline	-54.31%	-37.27%	-17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.25%	41.40%	+12.85%

Volatility

CRCL vs. CRWV - Volatility Comparison

Circle Internet Group, Inc. (CRCL) and CoreWeave, Inc. (CRWV) have volatilities of 24.45% and 24.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRCL	CRWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.45%	24.70%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	71.28%	64.50%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	100.71%	94.27%	+6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.56%	113.33%	+3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.56%	113.33%	+3.23%

Dividends

CRCL vs. CRWV - Dividend Comparison

Neither CRCL nor CRWV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

CRCL vs. CRWV - Profitability Comparison

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

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%.

CRWV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CoreWeave, Inc. reported a gross profit of 1.36B and revenue of 2.08B. Therefore, the gross margin over that period was 65.5%.

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%.

CRWV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CoreWeave, Inc. reported an operating income of -144.00M and revenue of 2.08B, resulting in an operating margin of -6.9%.

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%.

CRWV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CoreWeave, Inc. reported a net income of -740.00M and revenue of 2.08B, resulting in a net margin of -35.6%.

Frequently Asked Questions

Can I hold both CRCL and CRWV in my portfolio?

CRCL and CRWV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRCL or CRWV?

CRWV has higher volatility (24.70%) compared to CRCL (24.45%). In terms of maximum drawdown, CRCL dropped -80.93% vs CRWV's -64.84%.

Which has better risk-adjusted returns?

CRWV currently has the higher Sharpe Ratio (-0.44 vs -0.69), 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.