IFRX vs SBET: Correlation
How closely do InflaRx N.V. (IFRX) and Sharplink, Inc. (SBET) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFRX and SBET?
On 3 years of weekly data the IFRX/SBET correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.33) than the 3-year average (-0.29). The 5-year figure is -0.17, and annualized covariance runs at -18488.3 %².
Out of 11 assets tracked against IFRX, SBET lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months IFRX outperformed by 180.9 percentage points (+127.0% for IFRX against -53.9% for SBET). Note the risk asymmetry: SBET runs 6.0 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.
IFRX vs SBET: side by side
| IFRX (InflaRx N.V.) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | +127.0% | -53.9% |
| 5-year return | -9.2% | -98.8% |
| Volatility (ann.) | 102.6% | 616.8% |
| Beta vs S&P 500 | 1.54 | 3.10 |
| Max drawdown (3Y) | -82.4% | -94.2% |
| Market cap | $0.3B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFRX | SBET |
|---|---|---|
| 2022 | -34.9% | -88.3% |
| 2023 | -47.4% | -51.6% |
| 2024 | +51.5% | -57.3% |
| 2025 | -59.1% | +16.4% |
| 2026 | +124.8% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFRX and SBET good diversifiers for each other?
Yes. With a correlation of -0.29, IFRX and SBET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IFRX and SBET?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.33 over the last year and -0.17 over 5 years.
Is SBET a good diversifier for IFRX?
Yes. With a correlation of -0.29, IFRX and SBET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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: IFRX correlations · SBET correlations
