SBET vs. ETHA
SBET (Sharplink, Inc.) 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 -74.97% vs -41.36% for ETHA. At a 0.47 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 -39.37% return and ETHA slightly lower at -40.39%.
SBET
- 1D
- -1.63%
- 1M
- -1.63%
- 6M
- -47.17%
- YTD
- -39.37%
- 1Y
- -74.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- -1.18%
- 1M
- 6.36%
- 6M
- -42.96%
- YTD
- -40.39%
- 1Y
- -41.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -39.37% | 15.65% | 7.37% |
ETHA iShares Ethereum Trust ETF | -40.39% | -11.31% | -4.89% |
Correlation
The correlation between SBET and ETHA is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.47 |
Over the past year, SBET and ETHA have become more correlated (0.77) than their long-term average of 0.47, 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, Inc. (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.
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 | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.93 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.61 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.05 | -0.96 | -0.09 |
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Drawdowns
SBET vs. ETHA - Drawdown Comparison
The maximum SBET drawdown since its inception was -94.24%, which is greater than ETHA's maximum drawdown of -67.91%. 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 | -94.24% | -67.91% | -26.33% |
Max Drawdown (1Y)Largest decline over 1 year | -87.80% | -67.91% | -19.89% |
Current DrawdownCurrent decline from peak | -93.16% | -63.46% | -29.70% |
Average DrawdownAverage peak-to-trough decline | -66.78% | -34.47% | -32.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.21% | 43.04% | +28.17% |
Volatility
SBET vs. ETHA - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 19.14% compared to iShares Ethereum Trust ETF (ETHA) at 16.27%. 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 | 19.14% | 16.27% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 55.47% | 47.22% | +8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.49% | 68.50% | +24.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 334.16% | 72.14% | +262.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 334.16% | 72.14% | +262.02% |
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 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (19.14%) compared to ETHA (16.27%). In terms of maximum drawdown, SBET dropped -94.24% vs ETHA's -67.91%.
ETHA currently has the higher Sharpe Ratio (-0.61 vs -0.80), 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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