SBET vs. IBIT
SBET (Sharplink, Inc.) 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 -44.83% vs -39.82% 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 -44.46% return, which is significantly lower than IBIT's -28.88% return.
SBET
- 1D
- -6.50%
- 1M
- -20.30%
- YTD
- -44.46%
- 6M
- -46.27%
- 1Y
- -44.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBET vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -44.46% | 15.65% | -45.41% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 85.10% |
Correlation
The correlation between SBET and IBIT is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2024 | 0.36 |
Over the past year, SBET and IBIT have become more correlated (0.74) 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, Inc. (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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.86 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.77 | +0.25 |
| Martin ratioReturn relative to average drawdown | -0.66 | -1.30 | +0.65 |
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Drawdowns
SBET vs. IBIT - Drawdown Comparison
The maximum SBET drawdown since its inception was -93.73%, which is greater than IBIT's maximum drawdown of -52.11%. 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 | -93.73% | -52.11% | -41.62% |
Max Drawdown (1Y)Largest decline over 1 year | -86.72% | -52.11% | -34.61% |
Current DrawdownCurrent decline from peak | -93.73% | -50.47% | -43.26% |
Average DrawdownAverage peak-to-trough decline | -66.19% | -16.85% | -49.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.47% | 30.58% | +37.89% |
Volatility
SBET vs. IBIT - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 19.33% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. 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 | 19.33% | 13.18% | +6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 55.46% | 34.64% | +20.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.13% | 44.31% | +59.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 337.68% | 50.22% | +287.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 337.68% | 50.22% | +287.46% |
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 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (19.33%) compared to IBIT (13.18%). In terms of maximum drawdown, SBET dropped -93.73% vs IBIT's -52.11%.
SBET currently has the higher Sharpe Ratio (-0.43 vs -0.90), 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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