ETHU vs. SBET
ETHU (Volatility Shares 2x Ether ETF) is Leveraged Cryptocurrency fund actively managed by Volatility Shares, while SBET (Sharplink, Inc.) is a stock. Over the past year, ETHU returned -79.08% vs -79.01% for SBET. At a 0.44 correlation, their price movements are largely independent.
Performance
ETHU vs. SBET - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHU achieves a -69.22% return, which is significantly lower than SBET's -31.99% return.
ETHU
- 1D
- 5.02%
- 1M
- 8.52%
- 6M
- -75.99%
- YTD
- -69.22%
- 1Y
- -79.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET
- 1D
- 2.18%
- 1M
- 4.83%
- 6M
- -44.12%
- YTD
- -31.99%
- 1Y
- -79.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHU vs. SBET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | -69.22% | -64.38% | -48.73% |
SBET Sharplink, Inc. | -31.99% | 15.65% | -32.24% |
Correlation
The correlation between ETHU and SBET is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.44 |
Over the past year, ETHU and SBET have become more correlated (0.78) than their long-term average of 0.44, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHU vs. SBET — Risk / Return Rank
ETHU
SBET
ETHU vs. SBET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) and Sharplink, Inc. (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.
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.
| ETHU | SBET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.81 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.90 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.10 | -0.04 |
Loading charts...
Drawdowns
ETHU vs. SBET - Drawdown Comparison
The maximum ETHU drawdown since its inception was -96.46%, roughly equal to the maximum SBET drawdown of -94.24%. Use the drawdown chart below to compare losses from any high point for ETHU and SBET.
Loading charts...
Drawdown Indicators
| ETHU | SBET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -94.24% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -93.99% | -87.80% | -6.19% |
Current DrawdownCurrent decline from peak | -94.67% | -92.32% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -70.66% | -66.86% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.30% | 71.60% | -2.30% |
Volatility
ETHU vs. SBET - Volatility Comparison
Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 33.08% compared to Sharplink, Inc. (SBET) at 20.72%. This indicates that ETHU'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.
Loading charts...
Volatility by Period
| ETHU | SBET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.08% | 20.72% | +12.36% |
Volatility (6M)Calculated over the trailing 6-month period | 96.77% | 56.29% | +40.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.59% | 93.28% | +44.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.35% | 333.66% | -191.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.35% | 333.66% | -191.31% |
Dividends
ETHU vs. SBET - Dividend Comparison
ETHU's dividend yield for the trailing twelve months is around 4.59%, while SBET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | 4.59% | 2.31% | 0.41% |
SBET Sharplink, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHU and SBET have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (33.08%) compared to SBET (20.72%). In terms of maximum drawdown, ETHU dropped -96.46% vs SBET's -94.24%.
ETHU currently has the higher Sharpe Ratio (-0.58 vs -0.87), 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.
Find the right allocation for ETHU and SBET
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer