SBET vs. ETH-USD
SBET (Sharplink, Inc.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, SBET returned -51.14% vs -33.99% for ETH-USD. At a 0.27 correlation, their price movements are largely independent.
Performance
SBET vs. ETH-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SBET having a -47.20% return and ETH-USD slightly higher at -45.49%.
SBET
- 1D
- -4.93%
- 1M
- -24.24%
- YTD
- -47.20%
- 6M
- -48.70%
- 1Y
- -51.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -2.87%
- 1M
- -23.39%
- YTD
- -45.49%
- 6M
- -45.09%
- 1Y
- -33.99%
- 3Y*
- -5.23%
- 5Y*
- -2.22%
- 10Y*
- 60.77%
SBET vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -47.20% | 15.65% | -45.41% |
ETH-USD Ethereum | -45.49% | -10.91% | 25.15% |
Correlation
The correlation between SBET and ETH-USD is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2024 | 0.27 |
Over the past year, SBET and ETH-USD have become more correlated (0.58) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
SBET vs. ETH-USD — Risk / Return Rank
SBET
ETH-USD
SBET vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sharplink, Inc. (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.
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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.96 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.50 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.75 | -0.83 | +0.09 |
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Drawdowns
SBET vs. ETH-USD - Drawdown Comparison
The maximum SBET drawdown since its inception was -94.04%, 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.
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Drawdown Indicators
| SBET | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -94.01% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -87.37% | -67.53% | -19.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -94.04% | -66.53% | -27.51% |
Average DrawdownAverage peak-to-trough decline | -66.24% | -50.93% | -15.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.69% | 41.32% | +27.37% |
Volatility
SBET vs. ETH-USD - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 19.53% compared to Ethereum (ETH-USD) at 18.23%. 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.
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Volatility by Period
| SBET | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.53% | 18.23% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 54.92% | 46.29% | +8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.89% | 55.67% | +48.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 337.42% | 59.17% | +278.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 337.42% | 77.04% | +260.38% |
Frequently Asked Questions
SBET and ETH-USD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (19.53%) compared to ETH-USD (18.23%). In terms of maximum drawdown, SBET dropped -94.04% vs ETH-USD's -94.01%.
SBET currently has the higher Sharpe Ratio (-0.49 vs -0.51), 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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