ATNF vs. SBET

Last updated Jun 6, 2026

ATNF (180 Life Sciences Corp.) and SBET (SharpLink Gaming Ltd.) are both stocks. ATNF operates in Biotechnology (Healthcare), while SBET operates in Gambling (Consumer Cyclical). Over the past year, ATNF returned -51.52% vs -87.79% for SBET. At a 0.18 correlation, their price movements are largely independent.

Performance

ATNF vs. SBET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 180 Life Sciences Corp. (ATNF) and SharpLink Gaming Ltd. (SBET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATNF achieves a 3.88% return, which is significantly higher than SBET's -41.95% return.

ATNF

• 1D: 2.41%
• 1M: 6.04%
• YTD: 3.88%
• 6M: -51.57%
• 1Y: -51.52%
• 3Y*: -72.22%
• 5Y*: -83.13%
• 10Y*: —

SBET

• 1D: -9.27%
• 1M: -32.86%
• YTD: -41.95%
• 6M: -51.59%
• 1Y: -87.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATNF vs. SBET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ATNF 180 Life Sciences Corp.	3.88%	-73.08%	-54.36%
SBET SharpLink Gaming Ltd.	-41.95%	15.65%	-52.63%

Correlation

The correlation between ATNF and SBET is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Feb 14, 2024	0.18

Over the past year, ATNF and SBET have become more correlated (0.40) than their long-term average of 0.18, meaning their price movements have been converging.

Fundamentals

EPS ATNF : -$18.55K SBET : -$14.63
PS Ratio ATNF : 0.03 SBET : 12.79
Total Revenue (TTM) ATNF : $2.44B SBET : $39.37M
Gross Profit (TTM) ATNF : $0.00 SBET : $37.65M
EBITDA (TTM) ATNF : -$9.82B SBET : -$504.51M

Return for Risk

ATNF vs. SBET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATNF

ATNF Risk / Return Rank: 45
ATNF Sharpe Ratio Rank: 34
ATNF Sortino Ratio Rank: 70
ATNF Omega Ratio Rank: 67
ATNF Calmar Ratio Rank: 23
ATNF Martin Ratio Rank: 30

SBET

SBET Risk / Return Rank: 11
SBET Sharpe Ratio Rank: 14
SBET Sortino Ratio Rank: 14
SBET Omega Ratio Rank: 13
SBET Calmar Ratio Rank: 0
SBET Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATNF vs. SBET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 180 Life Sciences Corp. (ATNF) and SharpLink Gaming Ltd. (SBET). 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.

	ATNF	SBET	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	-0.63	+0.44
Sortino ratio: Return per unit of downside risk	1.74	-0.83	+2.58
Omega ratio: Gain probability vs. loss probability	1.20	0.88	+0.32
Calmar ratio: Return relative to maximum drawdown	-0.53	-1.00	+0.48
Martin ratio: Return relative to average drawdown	-0.64	-1.23	+0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATNF vs. SBET - Sharpe Ratio Comparison

The current ATNF Sharpe Ratio is -0.18, which is higher than the SBET Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of ATNF and SBET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATNF	SBET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	-0.63	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	-0.12	-0.24

Drawdowns

ATNF vs. SBET - Drawdown Comparison

The maximum ATNF drawdown since its inception was -100.00%, which is greater than SBET's maximum drawdown of -93.45%. Use the drawdown chart below to compare losses from any high point for ATNF and SBET.

Drawdown Indicators

	ATNF	SBET	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-93.45%	-6.55%
Max Drawdown (1Y) Largest decline over 1 year	-98.33%	-87.49%	-10.84%
Max Drawdown (3Y) Largest decline over 3 years	-99.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-100.00%	—	—
Current Drawdown Current decline from peak	-99.99%	-93.45%	-6.54%
Average Drawdown Average peak-to-trough decline	-54.83%	-65.79%	+10.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	80.95%	72.16%	+8.79%

Volatility

ATNF vs. SBET - Volatility Comparison

180 Life Sciences Corp. (ATNF) has a higher volatility of 38.00% compared to SharpLink Gaming Ltd. (SBET) at 20.60%. This indicates that ATNF's price experiences larger fluctuations and is considered to be riskier than SBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATNF	SBET	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.00%	20.60%	+17.40%
Volatility (6M) Calculated over the trailing 6-month period	99.72%	56.54%	+43.18%
Volatility (1Y) Calculated over the trailing 1-year period	280.54%	142.68%	+137.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	230.93%	340.91%	-109.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	177.40%	340.91%	-163.51%

Dividends

ATNF vs. SBET - Dividend Comparison

Neither ATNF nor SBET has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ATNF and SBET in my portfolio?

ATNF and SBET 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, ATNF or SBET?

ATNF has higher volatility (38.00%) compared to SBET (20.60%). In terms of maximum drawdown, ATNF dropped -100.00% vs SBET's -93.45%.

Which has better risk-adjusted returns?

ATNF currently has the higher Sharpe Ratio (-0.18 vs -0.63), 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.