COO vs SBET: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and Sharplink, Inc. (SBET) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and SBET?
Over the past 3 years, COO and SBET moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -4771.9 %².
Among the 38 assets we track against COO, SBET sits near the bottom by co-movement, at rank #36. Their recent paths diverged sharply: over the last 12 months COO outperformed by 49.6 percentage points (-4.3% for COO against -53.9% for SBET). Note the risk asymmetry: SBET runs 22.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COO vs SBET: side by side
| COO (Cooper Companies (The)) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | -4.3% | -53.9% |
| 5-year return | -36.8% | -98.8% |
| Volatility (ann.) | 27.7% | 616.8% |
| Beta vs S&P 500 | 0.69 | 3.10 |
| Max drawdown (3Y) | -47.0% | -94.2% |
| Market cap | – | $1.9B |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COO | SBET |
|---|---|---|
| 2022 | -21.1% | -88.3% |
| 2023 | +14.5% | -51.6% |
| 2024 | -2.8% | -57.3% |
| 2025 | -10.8% | +16.4% |
| 2026 | -13.4% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and SBET good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COO and SBET?
As of 2026-08-27, the correlation of weekly returns between COO and SBET is -0.28 over 3 years, -0.19 over 1 year and -0.17 over 5 years.
Is SBET a good diversifier for COO?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: COO correlations · SBET correlations
