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 -64.29% vs -46.93% for ETHA. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
SBET vs. ETHA - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -31.54% return, which is significantly higher than ETHA's -37.27% return.
SBET
- 1D
- -4.52%
- 1M
- 15.25%
- 6M
- -31.08%
- YTD
- -31.54%
- 1Y
- -64.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -28.88%
ETHA
- 1D
- -3.03%
- 1M
- 9.41%
- 6M
- -30.24%
- YTD
- -37.27%
- 1Y
- -46.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -27.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $448.76M | $415.35M | $407.71M | |
SBET Sharplink, Inc. | $53.27M | $53.90M | $52.48M |
SBET vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -31.54% | 15.65% | 7.37% |
ETHA iShares Ethereum Trust ETF | -37.27% | -11.31% | -4.89% |
Correlation
The correlation between SBET and ETHA is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.48 |
Over the past year, SBET and ETHA have become more correlated (0.85) than their long-term average of 0.48, 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 | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.89 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.74 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.11 | -0.01 |
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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 | -80.94% | -67.91% | -13.03% |
Current DrawdownCurrent decline from peak | -92.27% | -61.55% | -30.72% |
Average DrawdownAverage peak-to-trough decline | -67.36% | -35.20% | -32.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.25% | 45.37% | +14.88% |
Volatility
SBET vs. ETHA - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 21.90% compared to iShares Ethereum Trust ETF (ETHA) at 13.47%. 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 | 21.90% | 13.47% | +8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 56.64% | 46.10% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.34% | 67.46% | +14.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 330.59% | 71.53% | +259.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 330.59% | 71.53% | +259.06% |
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 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (21.90%) compared to ETHA (13.47%). In terms of maximum drawdown, SBET dropped -94.24% vs ETHA's -67.91%.
ETHA currently has the higher Sharpe Ratio (-0.75 vs -0.82), 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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