SBET vs. UCO
SBET (SharpLink Gaming Ltd.) is a stock, while UCO (ProShares Ultra Bloomberg Crude Oil) is Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). Over the past year, SBET returned -90.34% vs 115.57% for UCO. At a correlation of -0.03, they often move in opposite directions.
Performance
SBET vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, SBET achieves a -36.02% return, which is significantly lower than UCO's 139.34% return.
SBET
- 1D
- 3.25%
- 1M
- -24.74%
- YTD
- -36.02%
- 6M
- -48.75%
- 1Y
- -90.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCO
- 1D
- -3.93%
- 1M
- -5.57%
- YTD
- 139.34%
- 6M
- 124.58%
- 1Y
- 115.57%
- 3Y*
- 24.38%
- 5Y*
- 21.18%
- 10Y*
- -11.98%
SBET vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBET SharpLink Gaming Ltd. | -36.02% | 15.65% | -52.63% |
UCO ProShares Ultra Bloomberg Crude Oil | 139.34% | -29.75% | -6.72% |
Correlation
The correlation between SBET and UCO is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2024 | -0.03 |
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Return for Risk
SBET vs. UCO — Risk / Return Rank
SBET
UCO
SBET vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SharpLink Gaming Ltd. (SBET) and ProShares Ultra Bloomberg Crude Oil (UCO). 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 | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.31 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -1.04 | 3.34 | -4.38 |
| Martin ratioReturn relative to average drawdown | -1.25 | 6.32 | -7.58 |
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 | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | 2.03 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.34 | +0.24 |
Drawdowns
SBET vs. UCO - Drawdown Comparison
The maximum SBET drawdown since its inception was -93.01%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for SBET and UCO.
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Drawdown Indicators
| SBET | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -99.95% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -86.97% | -34.77% | -52.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.75% | — |
Current DrawdownCurrent decline from peak | -92.78% | -99.26% | +6.48% |
Average DrawdownAverage peak-to-trough decline | -65.74% | -85.49% | +19.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 79.34% | 18.34% | +61.00% |
Volatility
SBET vs. UCO - Volatility Comparison
The current volatility for SharpLink Gaming Ltd. (SBET) is 19.16%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.99%. This indicates that SBET experiences smaller price fluctuations and is considered to be less risky than UCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBET | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.16% | 20.99% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 56.16% | 46.57% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.55% | 57.26% | +86.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 341.14% | 59.81% | +281.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 341.14% | 71.35% | +269.79% |
Dividends
SBET vs. UCO - Dividend Comparison
Neither SBET nor UCO has paid dividends to shareholders.
Frequently Asked Questions
SBET and UCO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (20.99%) compared to SBET (19.16%). In terms of maximum drawdown, SBET dropped -93.01% vs UCO's -99.95%.
UCO currently has the higher Sharpe Ratio (2.03 vs -0.64), 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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