SBET vs. TBIL
SBET (Sharplink, Inc.) is a stock, while TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Over the past year, SBET returned -51.14% vs 3.87% for TBIL. At a correlation of -0.00, they often move in opposite directions.
Performance
SBET vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -47.20% return, which is significantly lower than TBIL's 1.69% return.
SBET
- 1D
- -4.93%
- 1M
- -24.24%
- YTD
- -47.20%
- 6M
- -48.70%
- 1Y
- -51.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBIL
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.69%
- 6M
- 1.76%
- 1Y
- 3.87%
- 3Y*
- 4.60%
- 5Y*
- —
- 10Y*
- —
SBET vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET Sharplink, Inc. | -47.20% | 15.65% | -45.41% |
TBIL F/m US Treasury 3 Month Bill ETF | 1.69% | 4.19% | 4.54% |
Correlation
The correlation between SBET and TBIL is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2024 | -0.00 |
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Return for Risk
SBET vs. TBIL — Risk / Return Rank
SBET
TBIL
SBET vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sharplink, Inc. (SBET) and F/m US Treasury 3 Month Bill ETF (TBIL). 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 | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.14 | ||
| Sortino ratioReturn per unit of downside risk | -57.79 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 16.91 | -15.94 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 193.71 | -194.30 |
| Martin ratioReturn relative to average drawdown | -0.75 | 975.63 | -976.38 |
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Drawdowns
SBET vs. TBIL - Drawdown Comparison
The maximum SBET drawdown since its inception was -94.04%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for SBET and TBIL.
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Drawdown Indicators
| SBET | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.04% | -0.10% | -93.94% |
Max Drawdown (1Y)Largest decline over 1 year | -87.37% | -0.02% | -87.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.02% | — |
Current DrawdownCurrent decline from peak | -94.04% | 0.00% | -94.04% |
Average DrawdownAverage peak-to-trough decline | -66.24% | -0.00% | -66.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.69% | 0.00% | +68.69% |
Volatility
SBET vs. TBIL - Volatility Comparison
Sharplink, Inc. (SBET) has a higher volatility of 19.53% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.06%. This indicates that SBET's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBET | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.53% | 0.06% | +19.47% |
Volatility (6M)Calculated over the trailing 6-month period | 54.92% | 0.19% | +54.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.89% | 0.29% | +103.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 337.42% | 0.32% | +337.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 337.42% | 0.32% | +337.10% |
Dividends
SBET vs. TBIL - Dividend Comparison
SBET has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SBET Sharplink, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.81% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
SBET and TBIL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBET has higher volatility (19.53%) compared to TBIL (0.06%). In terms of maximum drawdown, SBET dropped -94.04% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.64 vs -0.49), 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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