DDC vs SBET: Correlation
How closely do DDC Enterprise Limited Class A (DDC) and Sharplink, Inc. (SBET) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDC and SBET?
Across a 3-year window, the weekly returns of DDC and SBET correlate at 0.40, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 40510.7 %².
Few assets follow DDC as closely as SBET, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months SBET outperformed by 41.8 percentage points (-95.7% for DDC against -53.9% for SBET). Note the risk asymmetry: SBET runs 3.9 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.
DDC vs SBET: side by side
| DDC (DDC Enterprise Limited Class A) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | -95.7% | -53.9% |
| 5-year return | n/a | -98.8% |
| Volatility (ann.) | 158.5% | 616.8% |
| Beta vs S&P 500 | 2.55 | 3.10 |
| Max drawdown (3Y) | -99.8% | -94.2% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDC | SBET |
|---|---|---|
| 2022 | – | -88.3% |
| 2023 | – | -51.6% |
| 2024 | -96.3% | -57.3% |
| 2025 | -53.1% | +16.4% |
| 2026 | -73.6% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDC and SBET good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DDC and SBET?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is SBET a good diversifier for DDC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DDC correlations · SBET correlations
