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 -44.83% vs -28.54% for ETHA. At a 0.46 correlation, their price movements are largely independent.
Performance
SBET vs. ETHA - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SBET having a -44.46% return and ETHA slightly higher at -44.18%.
SBET
- 1D
- -6.50%
- 1M
- -20.30%
- YTD
- -44.46%
- 6M
- -46.27%
- 1Y
- -44.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- -4.13%
- 1M
- -19.59%
- YTD
- -44.18%
- 6M
- -44.16%
- 1Y
- -28.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -44.46% | 15.65% | 7.37% |
ETHA iShares Ethereum Trust ETF | -44.18% | -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 | 0.46 |
Over the past year, SBET and ETHA have become more correlated (0.77) than their long-term average of 0.46, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.98 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.42 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.66 | -0.71 | +0.05 |
Loading charts...
Drawdowns
SBET vs. ETHA - Drawdown Comparison
The maximum SBET drawdown since its inception was -93.73%, which is greater than ETHA's maximum drawdown of -67.56%. Use the drawdown chart below to compare losses from any high point for SBET and ETHA.
Loading charts...
Drawdown Indicators
| SBET | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.73% | -67.56% | -26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -86.72% | -67.56% | -19.16% |
Current DrawdownCurrent decline from peak | -93.73% | -65.78% | -27.95% |
Average DrawdownAverage peak-to-trough decline | -66.19% | -33.64% | -32.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.47% | 40.40% | +28.07% |
Volatility
SBET vs. ETHA - Volatility Comparison
Sharplink, Inc. (SBET) and iShares Ethereum Trust ETF (ETHA) have volatilities of 19.33% and 19.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SBET | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.33% | 19.90% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 55.46% | 47.13% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.13% | 69.33% | +34.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 337.68% | 72.65% | +265.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 337.68% | 72.65% | +265.03% |
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.
ETHA has higher volatility (19.90%) compared to SBET (19.33%). In terms of maximum drawdown, SBET dropped -93.73% vs ETHA's -67.56%.
ETHA currently has the higher Sharpe Ratio (-0.41 vs -0.43), 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.
Find the right allocation for SBET and ETHA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer