CRCL vs. IBIT

Last updated Jun 13, 2026

CRCL (Circle Internet Group, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, CRCL returned -41.72% vs -39.67% for IBIT. At a 0.45 correlation, their price movements are largely independent.

Performance

CRCL vs. IBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, CRCL achieves a -1.84% return, which is significantly higher than IBIT's -27.41% return.

CRCL

• 1D: -5.80%
• 1M: -37.16%
• YTD: -1.84%
• 6M: -6.74%
• 1Y: -41.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -0.03%
• 1M: -21.94%
• YTD: -27.41%
• 6M: -29.61%
• 1Y: -39.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCL vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025
CRCL Circle Internet Group, Inc.	-1.84%	155.81%
IBIT iShares Bitcoin Trust ETF	-27.41%	-17.80%

Correlation

The correlation between CRCL and IBIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.45

Return for Risk

CRCL vs. IBIT — Risk / Return Rank

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

CRCL

CRCL Risk / Return Rank: 36
CRCL Sharpe Ratio Rank: 33
CRCL Sortino Ratio Rank: 42
CRCL Omega Ratio Rank: 40
CRCL Calmar Ratio Rank: 32
CRCL Martin Ratio Rank: 35

IBIT

IBIT Risk / Return Rank: 3
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 3
IBIT Omega Ratio Rank: 3
IBIT Calmar Ratio Rank: 3
IBIT Martin Ratio Rank: 2

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. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Circle Internet Group, Inc. (CRCL) and iShares Bitcoin Trust ETF (IBIT). 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	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	-0.92	+0.68
Sortino ratio: Return per unit of downside risk	0.42	-1.30	+1.72
Omega ratio: Gain probability vs. loss probability	1.05	0.85	+0.19
Calmar ratio: Return relative to maximum drawdown	-0.33	-0.78	+0.45
Martin ratio: Return relative to average drawdown	-0.47	-1.37	+0.90

CRCL vs. IBIT - Sharpe Ratio Comparison

The current CRCL Sharpe Ratio is -0.24, which is higher than the IBIT Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of CRCL and IBIT, 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. IBIT - Drawdown Comparison

The maximum CRCL drawdown since its inception was -80.93%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for CRCL and IBIT.

Drawdown Indicators

	CRCL	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-80.93%	-52.11%	-28.82%
Max Drawdown (1Y) Largest decline over 1 year	-80.93%	-52.11%	-28.82%
Current Drawdown Current decline from peak	-70.45%	-49.45%	-21.00%
Average Drawdown Average peak-to-trough decline	-53.67%	-16.53%	-37.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.62%	29.64%	+27.98%

Volatility

CRCL vs. IBIT - Volatility Comparison

Circle Internet Group, Inc. (CRCL) has a higher volatility of 23.16% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that CRCL's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRCL	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.16%	12.07%	+11.09%
Volatility (6M) Calculated over the trailing 6-month period	72.37%	34.45%	+37.92%
Volatility (1Y) Calculated over the trailing 1-year period	112.20%	44.10%	+68.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.51%	50.26%	+152.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.51%	50.26%	+152.25%

Dividends

CRCL vs. IBIT - Dividend Comparison

Neither CRCL nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRCL and IBIT in my portfolio?

CRCL and IBIT have a correlation of 0.46, 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 IBIT?

CRCL has higher volatility (23.16%) compared to IBIT (12.07%). In terms of maximum drawdown, CRCL dropped -80.93% vs IBIT's -52.11%.

Which has better risk-adjusted returns?

CRCL currently has the higher Sharpe Ratio (-0.24 vs -0.92), 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.