EIC vs SBET: Correlation
Eagle Point Income Company (EIC) and Sharplink, Inc. (SBET) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIC and SBET?
On 3 years of weekly data the EIC/SBET correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (-0.22). The 5-year figure is -0.15, and annualized covariance runs at -2419.1 %².
Out of 12 assets tracked against EIC, SBET lands near the bottom at #10. The last year tells two different stories: EIC led by 34.3 percentage points, -19.6% for EIC against -53.9% for SBET. Note the risk asymmetry: SBET runs 35.2 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.
EIC vs SBET: side by side
| EIC (Eagle Point Income Company) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | -19.6% | -53.9% |
| 5-year return | +6.9% | -98.8% |
| Volatility (ann.) | 17.5% | 616.8% |
| Beta vs S&P 500 | 0.36 | 3.10 |
| Max drawdown (3Y) | -34.1% | -94.2% |
| Market cap | $0.2B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 14.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIC | SBET |
|---|---|---|
| 2022 | -10.5% | -88.3% |
| 2023 | +20.9% | -51.6% |
| 2024 | +24.0% | -57.3% |
| 2025 | -15.3% | +16.4% |
| 2026 | -7.3% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIC and SBET good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between EIC and SBET?
As of 2026-08-27, the correlation of weekly returns between EIC and SBET is -0.22 over 3 years, 0.29 over 1 year and -0.15 over 5 years.
Is SBET a good diversifier for EIC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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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Hubs: EIC correlations · SBET correlations
