no it doesn't, but you do get gut hooked fish with trebles. you don't with circles, or at least i haven't yet.
an interesting question. with the right baits and tactics on the right day, i miss few if any fish on circles. they are good for small dead and livebaits and excellent for wobbling. virtually a waste of time for large baits.
had to add the caveat about the right day. in a previous post i described how i hammered a swim with singles, went back a couple of days later and missed nearly all the runs until i used two trebles. having said that, my default trace before i discovered circles was a single treble, so more a case of one versus two hooks rather than trebles versus singles.
1. no gut hooked fish - that alone sells it for me
2. i've always found trebles to be a bit of a pain in the arse with netting etc