SBET vs. ETH-USD

Last updated Apr 2, 2026

Compare and contrast key facts about SharpLink Gaming Ltd. (SBET) and Ethereum (ETH-USD).

Performance

SBET vs. ETH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SharpLink Gaming Ltd. (SBET) and Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

SBET vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SBET SharpLink Gaming Ltd.	-27.74%	15.65%	-52.63%
ETH-USD Ethereum	-27.34%	-10.91%	26.07%

Returns By Period

The year-to-date returns for both investments are quite close, with SBET having a -27.74% return and ETH-USD slightly higher at -27.34%.

SBET

• 1D: 0.16%
• 1M: -12.58%
• YTD: -27.74%
• 6M: -62.81%
• 1Y: 64.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: 2.47%
• 1M: 6.32%
• YTD: -27.34%
• 6M: -50.45%
• 1Y: 13.15%
• 3Y*: 6.28%
• 5Y*: 0.20%
• 10Y*: 68.60%

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

Return for Risk

SBET vs. ETH-USD — Risk / Return Rank

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

SBET

SBET Risk / Return Rank: 71
SBET Sharpe Ratio Rank: 45
SBET Sortino Ratio Rank: 98
SBET Omega Ratio Rank: 97
SBET Calmar Ratio Rank: 61
SBET Martin Ratio Rank: 53

ETH-USD

ETH-USD Risk / Return Rank: 79
ETH-USD Sharpe Ratio Rank: 85
ETH-USD Sortino Ratio Rank: 84
ETH-USD Omega Ratio Rank: 83
ETH-USD Calmar Ratio Rank: 72
ETH-USD Martin Ratio Rank: 68

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.

SBET vs. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SharpLink Gaming Ltd. (SBET) and Ethereum (ETH-USD). 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.

	SBET	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	0.13	0.18	-0.05
Sortino ratio Return per unit of downside risk	4.76	0.83	+3.94
Omega ratio Gain probability vs. loss probability	1.64	1.09	+0.55
Calmar ratio Return relative to maximum drawdown	0.92	-0.85	+1.77
Martin ratio Return relative to average drawdown	1.12	-1.46	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBET vs. ETH-USD - Sharpe Ratio Comparison

The current SBET Sharpe Ratio is 0.13, which is comparable to the ETH-USD Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of SBET and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SBET	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	0.18	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.80	-0.90

Correlation

The correlation between SBET and ETH-USD is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

SBET vs. ETH-USD - Drawdown Comparison

The maximum SBET drawdown since its inception was -92.41%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SBET and ETH-USD.

Drawdown Indicators

	SBET	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-92.41%	-94.01%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	-92.41%	-62.26%	-30.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-91.84%	-55.38%	-36.46%
Average Drawdown Average peak-to-trough decline	-63.64%	-50.81%	-12.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.02%	36.32%	+39.70%

Volatility

SBET vs. ETH-USD - Volatility Comparison

SharpLink Gaming Ltd. (SBET) has a higher volatility of 24.90% compared to Ethereum (ETH-USD) at 17.83%. This indicates that SBET's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBET	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.90%	17.83%	+7.07%
Volatility (6M) Calculated over the trailing 6-month period	60.09%	51.52%	+8.57%
Volatility (1Y) Calculated over the trailing 1-year period	499.31%	62.50%	+436.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	354.50%	63.60%	+290.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	354.50%	78.85%	+275.65%