EOSE vs SBET: Correlation
Eos Energy Enterprises, Inc. (EOSE) and Sharplink, Inc. (SBET) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOSE and SBET?
On 3 years of weekly data the EOSE/SBET correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.29 versus -0.19 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -12554.7 %².
SBET is close to the least connected end of EOSE's tracked universe, ranking #8 of 10. Twelve-month performance is nearly a tie, at -52.0% for EOSE and -53.9% for SBET. Risk is not evenly split, since SBET carries 5.7 times the volatility of the other side.
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.
EOSE vs SBET: side by side
| EOSE (Eos Energy Enterprises, Inc.) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | -52.0% | -53.9% |
| 5-year return | -73.5% | -98.8% |
| Volatility (ann.) | 107.4% | 616.8% |
| Beta vs S&P 500 | 2.71 | 3.10 |
| Max drawdown (3Y) | -83.6% | -94.2% |
| Market cap | $1.2B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOSE | SBET |
|---|---|---|
| 2022 | -80.3% | -88.3% |
| 2023 | -26.4% | -51.6% |
| 2024 | +345.9% | -57.3% |
| 2025 | +135.8% | +16.4% |
| 2026 | -70.2% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOSE and SBET good diversifiers for each other?
Yes. With a correlation of -0.19, EOSE and SBET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EOSE and SBET?
The EOSE/SBET correlation stands at -0.19 on a 3-year window (1 year: 0.29, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SBET a good diversifier for EOSE?
Yes. With a correlation of -0.19, EOSE and SBET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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: EOSE correlations · SBET correlations
