IMCC vs SBET: Correlation
How closely do IM Cannabis Corp. (IMCC) and Sharplink, Inc. (SBET) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and SBET?
Over the past 3 years, IMCC and SBET moved with a correlation of 0.75, which is strong. The past 12 months show a weaker link (0.34) than the 3-year average (0.75). Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 80812.6 %².
Few assets follow IMCC as closely as SBET, which ranks #1 of 14 tracked partners. The last year tells two different stories: SBET led by 40.3 percentage points, -94.2% for IMCC against -53.9% for SBET. Note the risk asymmetry: SBET runs 3.5 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.
IMCC vs SBET: side by side
| IMCC (IM Cannabis Corp.) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | -94.2% | -53.9% |
| 5-year return | -99.9% | -98.8% |
| Volatility (ann.) | 174.2% | 616.8% |
| Beta vs S&P 500 | 1.11 | 3.10 |
| Max drawdown (3Y) | -98.4% | -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 | IMCC | SBET |
|---|---|---|
| 2022 | -97.1% | -88.3% |
| 2023 | -63.4% | -51.6% |
| 2024 | +8.8% | -57.3% |
| 2025 | -40.4% | +16.4% |
| 2026 | -90.6% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and SBET good diversifiers for each other?
Only partially. A correlation of 0.75 means IMCC and SBET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IMCC and SBET?
The IMCC/SBET correlation stands at 0.75 on a 3-year window (1 year: 0.34, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is SBET a good diversifier for IMCC?
Only partially. A correlation of 0.75 means IMCC and SBET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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: IMCC correlations · SBET correlations
