SBET vs. CRCL
SBET (Sharplink, Inc.) and CRCL (Circle Internet Group, Inc.) are both stocks. Both are in the Financial Services sector — SBET in Asset Management, CRCL in Capital Markets. Over the past year, SBET returned -51.14% vs -68.12% for CRCL. At a 0.41 correlation, their price movements are largely independent.
Performance
SBET vs. CRCL - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -47.20% return, which is significantly lower than CRCL's -10.49% return.
SBET
- 1D
- -4.93%
- 1M
- -24.24%
- YTD
- -47.20%
- 6M
- -48.70%
- 1Y
- -51.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCL
- 1D
- -6.21%
- 1M
- -37.25%
- YTD
- -10.49%
- 6M
- -14.11%
- 1Y
- -68.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. CRCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBET Sharplink, Inc. | -47.20% | -84.90% |
CRCL Circle Internet Group, Inc. | -10.49% | 14.93% |
Correlation
The correlation between SBET and CRCL is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.41 |
The correlation between SBET and CRCL has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
Fundamentals
SBET:
-$14.63
CRCL:
-$0.54
SBET:
11.63
CRCL:
3.62
SBET:
$39.37M
CRCL:
$2.86B
SBET:
$37.65M
CRCL:
$57.27M
SBET:
-$504.51M
CRCL:
-$129.43M
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Return for Risk
SBET vs. CRCL — Risk / Return Rank
SBET
CRCL
SBET vs. CRCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sharplink, Inc. (SBET) 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.
| SBET | CRCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.89 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.87 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.75 | -1.26 | +0.51 |
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Drawdowns
SBET vs. CRCL - Drawdown Comparison
The maximum SBET drawdown since its inception was -94.04%, which is greater than CRCL's maximum drawdown of -80.93%. Use the drawdown chart below to compare losses from any high point for SBET and CRCL.
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Drawdown Indicators
| SBET | CRCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -80.93% | -13.11% |
Max Drawdown (1Y)Largest decline over 1 year | -87.37% | -78.63% | -8.74% |
Current DrawdownCurrent decline from peak | -94.04% | -73.06% | -20.98% |
Average DrawdownAverage peak-to-trough decline | -66.24% | -54.31% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.69% | 54.25% | +14.44% |
Volatility
SBET vs. CRCL - Volatility Comparison
The current volatility for Sharplink, Inc. (SBET) is 19.53%, while Circle Internet Group, Inc. (CRCL) has a volatility of 24.45%. This indicates that SBET experiences smaller price fluctuations and is considered to be less risky than CRCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBET | CRCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.53% | 24.45% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 54.92% | 71.28% | -16.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.89% | 100.71% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 337.42% | 116.56% | +220.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 337.42% | 116.56% | +220.86% |
Dividends
SBET vs. CRCL - Dividend Comparison
Neither SBET nor CRCL has paid dividends to shareholders.
Financials
SBET vs. CRCL - Financials Comparison
This section allows you to compare key financial metrics between Sharplink, Inc. and Circle Internet Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SBET and CRCL have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRCL has higher volatility (24.45%) compared to SBET (19.53%). In terms of maximum drawdown, SBET dropped -94.04% vs CRCL's -80.93%.
SBET currently has the higher Sharpe Ratio (-0.49 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.
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