SBET vs. ETHA
SBET (SharpLink Gaming Ltd.) is a stock, while ETHA (iShares Ethereum Trust ETF) is Cryptocurrency fund tracking the CME CF Ether-Dollar Reference Rate-New York Variant. Over the past year, SBET returned -88.98% vs -31.79% for ETHA. At a 0.45 correlation, their price movements are largely independent.
Performance
SBET vs. ETHA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SBET having a -38.03% return and ETHA slightly lower at -39.46%.
SBET
- 1D
- -4.65%
- 1M
- -26.82%
- YTD
- -38.03%
- 6M
- -47.69%
- 1Y
- -88.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- -5.56%
- 1M
- -23.58%
- YTD
- -39.46%
- 6M
- -42.75%
- 1Y
- -31.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET SharpLink Gaming Ltd. | -38.03% | 15.65% | 15.22% |
ETHA iShares Ethereum Trust ETF | -39.46% | -11.31% | -3.62% |
Correlation
The correlation between SBET and ETHA is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.45 |
Over the past year, SBET and ETHA have become more correlated (0.76) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
SBET vs. ETHA — Risk / Return Rank
SBET
ETHA
SBET vs. ETHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SharpLink Gaming Ltd. (SBET) and iShares Ethereum Trust ETF (ETHA). 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 | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.97 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.51 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.12 | -0.84 | -0.28 |
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 | ETHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.47 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.41 | +0.30 |
Drawdowns
SBET vs. ETHA - Drawdown Comparison
The maximum SBET drawdown since its inception was -93.01%, which is greater than ETHA's maximum drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for SBET and ETHA.
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Drawdown Indicators
| SBET | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -64.02% | -28.99% |
Max Drawdown (1Y)Largest decline over 1 year | -90.64% | -62.89% | -27.75% |
Current DrawdownCurrent decline from peak | -93.01% | -62.89% | -30.12% |
Average DrawdownAverage peak-to-trough decline | -65.70% | -32.65% | -33.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 79.14% | 37.73% | +41.41% |
Volatility
SBET vs. ETHA - Volatility Comparison
SharpLink Gaming Ltd. (SBET) has a higher volatility of 18.65% compared to iShares Ethereum Trust ETF (ETHA) at 10.15%. This indicates that SBET's price experiences larger fluctuations and is considered to be riskier than ETHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBET | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.65% | 10.15% | +8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 56.20% | 46.25% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.78% | 68.61% | +75.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 341.43% | 72.53% | +268.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 341.43% | 72.53% | +268.90% |
Dividends
SBET vs. ETHA - Dividend Comparison
Neither SBET nor ETHA has paid dividends to shareholders.
Frequently Asked Questions
SBET and ETHA have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (18.65%) compared to ETHA (10.15%). In terms of maximum drawdown, SBET dropped -93.01% vs ETHA's -64.02%.
ETHA currently has the higher Sharpe Ratio (-0.47 vs -0.62), 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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