SBET vs. ETH-USD
SBET (Sharplink, Inc.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, SBET returned -79.01% vs -38.98% for ETH-USD. At a 0.28 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 -31.99% return, which is significantly higher than ETH-USD's -35.46% return.
SBET
- 1D
- 2.18%
- 1M
- 4.83%
- 6M
- -44.12%
- YTD
- -31.99%
- 1Y
- -79.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- 1.27%
- 1M
- 6.67%
- 6M
- -42.93%
- YTD
- -35.46%
- 1Y
- -38.98%
- 3Y*
- -0.15%
- 5Y*
- 0.40%
- 10Y*
- 67.03%
SBET vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -31.99% | 15.65% | -45.41% |
ETH-USD Ethereum | -35.46% | -10.91% | 25.15% |
Correlation
The correlation between SBET and ETH-USD is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2024 | 0.28 |
Over the past year, SBET and ETH-USD have become more correlated (0.60) than their long-term average of 0.28, 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 | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.94 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.58 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.10 | -0.89 | -0.21 |
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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 | -87.80% | -67.60% | -20.20% |
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 | -92.32% | -60.37% | -31.95% |
Average DrawdownAverage peak-to-trough decline | -66.86% | -51.00% | -15.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.60% | 36.69% | +34.91% |
Volatility
SBET vs. ETH-USD - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 20.72% compared to Ethereum (ETH-USD) at 13.40%. 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 | 20.72% | 13.40% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 56.29% | 46.58% | +9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.28% | 55.44% | +37.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 333.66% | 58.72% | +274.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 333.66% | 76.81% | +256.85% |
Frequently Asked Questions
SBET and ETH-USD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (20.72%) compared to ETH-USD (13.40%). In terms of maximum drawdown, SBET dropped -94.24% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.59 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.
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