LVWR vs SBET: Correlation
How closely do LiveWire Group, Inc. (LVWR) and Sharplink, Inc. (SBET) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVWR and SBET?
On 3 years of weekly data the LVWR/SBET correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.15) than the 3-year average (0.84). The 5-year figure is 0.82, and annualized covariance runs at 119938.8 %².
Few assets follow LVWR as closely as SBET, which ranks #1 of 17 tracked partners. On 12-month performance SBET holds a 11.3-point edge, -65.2% against -53.9%. Risk is not evenly split, since SBET carries 2.7 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.
LVWR vs SBET: side by side
| LVWR (LiveWire Group, Inc.) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | -65.2% | -53.9% |
| 5-year return | -86.0% | -98.8% |
| Volatility (ann.) | 230.4% | 616.8% |
| Beta vs S&P 500 | 2.09 | 3.10 |
| Max drawdown (3Y) | -94.6% | -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 | LVWR | SBET |
|---|---|---|
| 2022 | -51.5% | -88.3% |
| 2023 | +133.2% | -51.6% |
| 2024 | -57.5% | -57.3% |
| 2025 | -8.1% | +16.4% |
| 2026 | -69.2% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and SBET good diversifiers for each other?
No. With a correlation of 0.84, LVWR and SBET move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LVWR and SBET?
The LVWR/SBET correlation stands at 0.84 on a 3-year window (1 year: 0.15, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is SBET a good diversifier for LVWR?
No. With a correlation of 0.84, LVWR and SBET move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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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Hubs: LVWR correlations · SBET correlations
