SBET vs. ETH-USD
SBET (Sharplink, Inc.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, SBET returned -68.56% vs -47.15% for ETH-USD. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
SBET vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -28.86% return, which is significantly higher than ETH-USD's -35.67% return.
SBET
- 1D
- 0.63%
- 1M
- 12.17%
- 6M
- -10.17%
- YTD
- -28.86%
- 1Y
- -68.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -27.63%
ETH-USD
- 1D
- 2.15%
- 1M
- 6.12%
- 6M
- -10.96%
- YTD
- -35.67%
- 1Y
- -47.15%
- 3Y*
- 1.46%
- 5Y*
- -7.98%
- 10Y*
- 67.48%
- ALL TIME*
- 79.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $16.89T | $17.91T | $24.56T |
SBET Sharplink, Inc. | $48.97M | $50.18M | $52.09M |
SBET vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -28.86% | 15.65% | -45.41% |
ETH-USD Ethereum | -35.67% | -10.91% | 25.15% |
Correlation
The correlation between SBET and ETH-USD is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2024 | 0.29 |
Over the past year, SBET and ETH-USD have become more correlated (0.62) than their long-term average of 0.29, 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 | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.91 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.70 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.03 | -0.10 |
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Drawdowns
SBET vs. ETH-USD - Drawdown Comparison
The maximum SBET drawdown since its inception was -94.24%, 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 | -94.24% | -94.01% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -80.94% | -67.60% | -13.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
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 | -91.97% | -60.50% | -31.47% |
Average DrawdownAverage peak-to-trough decline | -67.48% | -51.05% | -16.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.78% | 35.24% | +25.54% |
Volatility
SBET vs. ETH-USD - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 20.46% compared to Ethereum (ETH-USD) at 11.89%. 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 | 20.46% | 11.89% | +8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 54.96% | 43.20% | +11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.98% | 54.39% | +26.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 329.79% | 58.40% | +271.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 329.79% | 76.00% | +253.79% |
Frequently Asked Questions
SBET and ETH-USD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (20.46%) compared to ETH-USD (11.89%). In terms of maximum drawdown, SBET dropped -94.24% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.72 vs -0.85), 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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