CRCL vs. SPY
CRCL (Circle Internet Group, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, CRCL returned -41.72% vs 25.67% for SPY. At a 0.38 correlation, their price movements are largely independent.
Performance
CRCL vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, CRCL achieves a -1.84% return, which is significantly lower than SPY's 9.07% return.
CRCL
- 1D
- -5.80%
- 1M
- -37.16%
- YTD
- -1.84%
- 6M
- -6.74%
- 1Y
- -41.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 0.54%
- 1M
- -0.86%
- YTD
- 9.07%
- 6M
- 9.42%
- 1Y
- 25.67%
- 3Y*
- 20.86%
- 5Y*
- 13.36%
- 10Y*
- 15.42%
CRCL vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCL Circle Internet Group, Inc. | -1.84% | 155.81% |
SPY State Street SPDR S&P 500 ETF | 9.07% | 15.40% |
Correlation
The correlation between CRCL and SPY 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 4, 2025 | 0.38 |
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Return for Risk
CRCL vs. SPY — Risk / Return Rank
CRCL
SPY
CRCL vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Circle Internet Group, Inc. (CRCL) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.36 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.74 | -3.08 |
| Martin ratioReturn relative to average drawdown | -0.47 | 12.39 | -12.86 |
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Drawdowns
CRCL vs. SPY - Drawdown Comparison
The maximum CRCL drawdown since its inception was -80.93%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CRCL and SPY.
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Drawdown Indicators
| CRCL | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.93% | -55.19% | -25.74% |
Max Drawdown (1Y)Largest decline over 1 year | -80.93% | -8.88% | -72.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -70.45% | -2.35% | -68.10% |
Average DrawdownAverage peak-to-trough decline | -53.67% | -9.04% | -44.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.62% | 1.97% | +55.65% |
Volatility
CRCL vs. SPY - Volatility Comparison
Circle Internet Group, Inc. (CRCL) has a higher volatility of 23.16% compared to State Street SPDR S&P 500 ETF (SPY) at 4.34%. This indicates that CRCL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRCL | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.16% | 4.34% | +18.82% |
Volatility (6M)Calculated over the trailing 6-month period | 72.37% | 9.58% | +62.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.20% | 12.29% | +99.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 202.51% | 17.12% | +185.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 202.51% | 17.96% | +184.55% |
Dividends
CRCL vs. SPY - Dividend Comparison
CRCL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
CRCL and SPY 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.
CRCL has higher volatility (23.16%) compared to SPY (4.34%). In terms of maximum drawdown, CRCL dropped -80.93% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.98 vs -0.24), 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.
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