SBET vs. ETH-USD
SBET (SharpLink Gaming Ltd.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, SBET returned -90.34% vs -32.69% for ETH-USD. At a 0.26 correlation, their price movements are largely independent.
Performance
SBET vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -36.02% return, which is significantly higher than ETH-USD's -40.81% return.
SBET
- 1D
- 3.25%
- 1M
- -24.74%
- YTD
- -36.02%
- 6M
- -48.75%
- 1Y
- -90.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -3.01%
- 1M
- -25.60%
- YTD
- -40.81%
- 6M
- -43.97%
- 1Y
- -32.69%
- 3Y*
- -1.02%
- 5Y*
- -7.76%
- 10Y*
- 61.87%
SBET vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET SharpLink Gaming Ltd. | -36.02% | 15.65% | -52.63% |
ETH-USD Ethereum | -40.81% | -10.91% | 26.07% |
Correlation
The correlation between SBET and ETH-USD is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2024 | 0.26 |
Over the past year, SBET and ETH-USD have become more correlated (0.54) than their long-term average of 0.26, 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 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 ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.96 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -1.04 | -0.51 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.86 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBET | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -0.49 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.76 | -0.86 |
Drawdowns
SBET vs. ETH-USD - Drawdown Comparison
The maximum SBET drawdown since its inception was -93.01%, 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 | -93.01% | -94.01% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -86.97% | -63.65% | -23.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.80% | — |
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 | -92.78% | -63.65% | -29.13% |
Average DrawdownAverage peak-to-trough decline | -65.74% | -50.87% | -14.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 79.34% | 43.81% | +35.53% |
Volatility
SBET vs. ETH-USD - Volatility Comparison
SharpLink Gaming Ltd. (SBET) has a higher volatility of 19.16% compared to Ethereum (ETH-USD) at 10.87%. 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 | 19.16% | 10.87% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 56.16% | 45.09% | +11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.55% | 55.92% | +87.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 341.14% | 59.51% | +281.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 341.14% | 77.97% | +263.17% |
Frequently Asked Questions
SBET and ETH-USD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (19.16%) compared to ETH-USD (10.87%). In terms of maximum drawdown, SBET dropped -93.01% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.49 vs -0.64), 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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