CRCL vs. MLPX

Last updated Aug 5, 2026

CRCL (Circle Internet Group, Inc.) is a stock, while MLPX (Global X MLP & Energy Infrastructure ETF) is Infrastructure Equities fund tracking the Solactive MLP & Energy Infrastructure Index. Over the past year, CRCL returned -61.62% vs 24.87% for MLPX. Their -0.03 correlation means they have often moved in opposite directions in the past.

Performance

CRCL vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Circle Internet Group, Inc. (CRCL) and Global X MLP & Energy Infrastructure ETF (MLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRCL achieves a -20.24% return, which is significantly lower than MLPX's 25.19% return.

CRCL

• 1D: 4.81%
• 1M: -2.12%
• 6M: 12.62%
• YTD: -20.24%
• 1Y: -61.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -7.21%

MLPX

• 1D: -0.15%
• 1M: 1.64%
• 6M: 14.78%
• YTD: 25.19%
• 1Y: 24.87%
• 3Y*: 26.05%
• 5Y*: 22.83%
• 10Y*: 11.91%
• ALL TIME*: 9.24%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRCL Circle Internet Group, Inc.	$658.62M	$799.48M	$1.27B
MLPX Global X MLP & Energy Infrastructure ETF	$37.38M	$37.27M	$31.59M

CRCL vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025
CRCL Circle Internet Group, Inc.	-20.24%	14.93%
MLPX Global X MLP & Energy Infrastructure ETF	25.19%	1.19%

Correlation

The correlation between CRCL and MLPX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.03
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.03

Return for Risk

CRCL vs. MLPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRCL

CRCL Risk / Return Rank: 11
CRCL Sharpe Ratio Rank: 14
CRCL Sortino Ratio Rank: 14
CRCL Omega Ratio Rank: 16
CRCL Calmar Ratio Rank: 7
CRCL Martin Ratio Rank: 6

MLPX

MLPX Risk / Return Rank: 61
MLPX Sharpe Ratio Rank: 59
MLPX Sortino Ratio Rank: 59
MLPX Omega Ratio Rank: 54
MLPX Calmar Ratio Rank: 77
MLPX Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRCL vs. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Circle Internet Group, Inc. (CRCL) and Global X MLP & Energy Infrastructure ETF (MLPX). 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	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	1.59	-2.23
Sortino ratio: Return per unit of downside risk	-0.78	2.27	-3.05
Omega ratio: Gain probability vs. loss probability	0.91	1.27	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.89	3.06	-3.95
Martin ratio: Return relative to average drawdown	-1.43	7.14	-8.57

CRCL vs. MLPX - Sharpe Ratio Comparison

The current CRCL Sharpe Ratio is -0.64, which is lower than the MLPX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of CRCL and MLPX, 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. MLPX - Drawdown Comparison

The maximum CRCL drawdown since its inception was -80.93%, which is greater than MLPX's maximum drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for CRCL and MLPX.

Drawdown Indicators

	CRCL	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-80.93%	-70.67%	-10.26%
Max Drawdown (1Y) Largest decline over 1 year	-69.22%	-8.18%	-61.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.70%	—
Current Drawdown Current decline from peak	-75.99%	-4.46%	-71.53%
Average Drawdown Average peak-to-trough decline	-56.33%	-16.46%	-39.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.51%	3.52%	+39.99%

Volatility

CRCL vs. MLPX - Volatility Comparison

Circle Internet Group, Inc. (CRCL) has a higher volatility of 22.76% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.58%. This indicates that CRCL's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRCL	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.76%	5.58%	+17.18%
Volatility (6M) Calculated over the trailing 6-month period	75.07%	12.50%	+62.57%
Volatility (1Y) Calculated over the trailing 1-year period	96.94%	15.71%	+81.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.41%	19.89%	+94.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.41%	26.14%	+88.27%

Dividends

CRCL vs. MLPX - Dividend Comparison

CRCL has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRCL Circle Internet Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MLPX Global X MLP & Energy Infrastructure ETF	4.10%	4.88%	4.30%	5.22%	5.23%	5.98%	8.32%	5.78%	5.77%	4.36%	5.50%	4.81%

Frequently Asked Questions

Can I hold both CRCL and MLPX in my portfolio?

CRCL and MLPX have a correlation of -0.03, 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 MLPX?

CRCL has higher volatility (22.76%) compared to MLPX (5.58%). In terms of maximum drawdown, CRCL dropped -80.93% vs MLPX's -70.67%.

Which has better risk-adjusted returns?

MLPX currently has the higher Sharpe Ratio (1.59 vs -0.64), 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.