SBET vs. IBIT
SBET (SharpLink Gaming Ltd.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, SBET returned -88.98% vs -38.74% for IBIT. At a 0.36 correlation, their price movements are largely independent.
Performance
SBET vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -38.03% return, which is significantly lower than IBIT's -25.48% return.
SBET
- 1D
- -4.65%
- 1M
- -26.82%
- YTD
- -38.03%
- 6M
- -47.69%
- 1Y
- -88.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET SharpLink Gaming Ltd. | -38.03% | 15.65% | -52.63% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 87.99% |
Correlation
The correlation between SBET and IBIT is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2024 | 0.36 |
Over the past year, SBET and IBIT have become more correlated (0.71) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
SBET vs. IBIT — Risk / Return Rank
SBET
IBIT
SBET vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SharpLink Gaming Ltd. (SBET) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.86 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.79 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.36 | +0.24 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.89 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.30 | -0.41 |
Drawdowns
SBET vs. IBIT - Drawdown Comparison
The maximum SBET drawdown since its inception was -93.01%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for SBET and IBIT.
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Drawdown Indicators
| SBET | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -49.36% | -43.65% |
Max Drawdown (1Y)Largest decline over 1 year | -90.64% | -49.36% | -41.28% |
Current DrawdownCurrent decline from peak | -93.01% | -48.10% | -44.91% |
Average DrawdownAverage peak-to-trough decline | -65.70% | -16.02% | -49.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 79.14% | 28.44% | +50.70% |
Volatility
SBET vs. IBIT - Volatility Comparison
SharpLink Gaming Ltd. (SBET) has a higher volatility of 18.65% compared to iShares Bitcoin Trust ETF (IBIT) at 9.50%. This indicates that SBET's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBET | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.65% | 9.50% | +9.15% |
Volatility (6M)Calculated over the trailing 6-month period | 56.20% | 34.44% | +21.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.78% | 43.73% | +100.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 341.43% | 50.19% | +291.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 341.43% | 50.19% | +291.24% |
Dividends
SBET vs. IBIT - Dividend Comparison
Neither SBET nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
SBET and IBIT have a correlation of 0.71, 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 IBIT (9.50%). In terms of maximum drawdown, SBET dropped -93.01% vs IBIT's -49.36%.
SBET currently has the higher Sharpe Ratio (-0.62 vs -0.89), 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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