RCKT vs SBET: Correlation
How closely do Rocket Pharmaceuticals, Inc. (RCKT) and Sharplink, Inc. (SBET) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCKT and SBET?
On 3 years of weekly data the RCKT/SBET correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.27) than the 3-year average (-0.42). The 5-year figure is -0.32, and annualized covariance runs at -20279.4 %².
Among the 15 assets we track against RCKT, SBET sits near the bottom by co-movement, at rank #15. The last year tells two different stories: RCKT led by 62.9 percentage points, +9.0% for RCKT against -53.9% for SBET. Risk is not evenly split, since SBET carries 7.8 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.
RCKT vs SBET: side by side
| RCKT (Rocket Pharmaceuticals, Inc.) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | +9.0% | -53.9% |
| 5-year return | -89.2% | -98.8% |
| Volatility (ann.) | 78.7% | 616.8% |
| Beta vs S&P 500 | 1.78 | 3.10 |
| Max drawdown (3Y) | -92.7% | -94.2% |
| Market cap | $0.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCKT | SBET |
|---|---|---|
| 2022 | -10.4% | -88.3% |
| 2023 | +53.1% | -51.6% |
| 2024 | -58.1% | -57.3% |
| 2025 | -72.1% | +16.4% |
| 2026 | +3.1% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCKT and SBET good diversifiers for each other?
Yes. With a correlation of -0.42, RCKT and SBET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RCKT and SBET?
The RCKT/SBET correlation stands at -0.42 on a 3-year window (1 year: 0.27, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is SBET a good diversifier for RCKT?
Yes. With a correlation of -0.42, RCKT and SBET have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
A reading of -0.42 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: RCKT correlations · SBET correlations
