FIG vs. CRCL

Last updated Aug 4, 2026

FIG (Figma, Inc) and CRCL (Circle Internet Group, Inc.) are both stocks. FIG operates in Software - Application (Technology), while CRCL operates in Capital Markets (Financial Services). Over the past year, FIG returned -79.57% vs -64.10% for CRCL. Their 0.38 correlation means their historical movements had little consistent relationship.

Performance

FIG vs. CRCL - Performance Comparison

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

Returns By Period

In the year-to-date period, FIG achieves a -33.32% return, which is significantly lower than CRCL's -23.90% return.

FIG

• 1D: 2.47%
• 1M: 16.78%
• 6M: 3.83%
• YTD: -33.32%
• 1Y: -79.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -70.41%

CRCL

• 1D: -3.61%
• 1M: -6.61%
• 6M: 2.53%
• YTD: -23.90%
• 1Y: -64.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -10.90%

*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.	$707.95M	$799.51M	$1.30B
FIG Figma, Inc	$471.29M	$516.74M	$473.71M

FIG vs. CRCL - Yearly Performance Comparison

	2026 (YTD)	2025
FIG Figma, Inc	-33.32%	-56.04%
CRCL Circle Internet Group, Inc.	-23.90%	-58.37%

Correlation

The correlation between FIG and CRCL is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.38

Fundamentals

Market Cap FIG : $12.15B CRCL : $16.13B
EPS FIG : -$2.88 CRCL : -$0.50
PS Ratio FIG : 10.93 CRCL : 3.35
Total Revenue (TTM) FIG : $1.16B CRCL : $2.86B
Gross Profit (TTM) FIG : $926.29M CRCL : $57.27M
EBITDA (TTM) FIG : -$1.43B CRCL : -$129.43M

Return for Risk

FIG vs. CRCL — Risk / Return Rank

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

FIG

FIG Risk / Return Rank: 6
FIG Sharpe Ratio Rank: 6
FIG Sortino Ratio Rank: 4
FIG Omega Ratio Rank: 5
FIG Calmar Ratio Rank: 3
FIG Martin Ratio Rank: 12

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: 6
CRCL Martin Ratio Rank: 6

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.

FIG vs. CRCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Figma, Inc (FIG) and Circle Internet Group, Inc. (CRCL). 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.

	FIG	CRCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	-0.66	-0.26
Sortino ratio: Return per unit of downside risk	-1.86	-0.89	-0.97
Omega ratio: Gain probability vs. loss probability	0.79	0.90	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.98	-0.92	-0.06
Martin ratio: Return relative to average drawdown	-1.26	-1.48	+0.22

FIG vs. CRCL - Sharpe Ratio Comparison

The current FIG Sharpe Ratio is -0.92, which is lower than the CRCL Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of FIG and CRCL, 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

FIG vs. CRCL - Drawdown Comparison

The maximum FIG drawdown since its inception was -86.20%, which is greater than CRCL's maximum drawdown of -80.93%. Use the drawdown chart below to compare losses from any high point for FIG and CRCL.

Drawdown Indicators

	FIG	CRCL	Difference
Max Drawdown Largest peak-to-trough decline	-86.20%	-80.93%	-5.27%
Max Drawdown (1Y) Largest decline over 1 year	-81.36%	-69.52%	-11.84%
Current Drawdown Current decline from peak	-79.57%	-77.09%	-2.48%
Average Drawdown Average peak-to-trough decline	-69.89%	-56.27%	-13.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.82%	44.29%	+27.53%

Volatility

FIG vs. CRCL - Volatility Comparison

Figma, Inc (FIG) and Circle Internet Group, Inc. (CRCL) have volatilities of 22.88% and 23.11%, 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

	FIG	CRCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.88%	23.11%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	59.19%	75.38%	-16.19%
Volatility (1Y) Calculated over the trailing 1-year period	86.57%	97.00%	-10.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.74%	114.53%	-20.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.74%	114.53%	-20.79%

Dividends

FIG vs. CRCL - Dividend Comparison

Neither FIG nor CRCL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

FIG vs. CRCL - Profitability Comparison

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

FIG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Figma, Inc reported a gross profit of 264.77M and revenue of 333.44M. Therefore, the gross margin over that period was 79.4%.

CRCL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.

FIG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Figma, Inc reported an operating income of -137.40M and revenue of 333.44M, resulting in an operating margin of -41.2%.

CRCL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.

FIG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Figma, Inc reported a net income of -142.40M and revenue of 333.44M, resulting in a net margin of -42.7%.

CRCL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.

Frequently Asked Questions

Can I hold both FIG and CRCL in my portfolio?

FIG and CRCL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIG or CRCL?

CRCL has higher volatility (23.11%) compared to FIG (22.88%). In terms of maximum drawdown, FIG dropped -86.20% vs CRCL's -80.93%.

Which has better risk-adjusted returns?

CRCL currently has the higher Sharpe Ratio (-0.66 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.