REGN vs SBET: Correlation
How closely do Regeneron Pharmaceuticals (REGN) 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 REGN and SBET?
Over the past 3 years, REGN and SBET moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -5768.0 %².
Out of 27 assets tracked against REGN, SBET lands near the bottom at #27. The last year tells two different stories: REGN led by 92.2 percentage points, +38.3% for REGN against -53.9% for SBET. Risk is not evenly split, since SBET carries 19.4 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.
REGN vs SBET: side by side
| REGN (Regeneron Pharmaceuticals) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | +38.3% | -53.9% |
| 5-year return | +20.4% | -98.8% |
| Volatility (ann.) | 31.8% | 616.8% |
| Beta vs S&P 500 | 0.61 | 3.10 |
| Max drawdown (3Y) | -59.7% | -94.2% |
| Market cap | $83.2B | $1.9B |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.45% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | REGN | SBET |
|---|---|---|
| 2022 | +14.2% | -88.3% |
| 2023 | +21.7% | -51.6% |
| 2024 | -18.9% | -57.3% |
| 2025 | +9.0% | +16.4% |
| 2026 | +5.0% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REGN and SBET good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between REGN and SBET?
As of 2026-08-27, the correlation of weekly returns between REGN and SBET is -0.29 over 3 years, -0.03 over 1 year and -0.21 over 5 years.
Is SBET a good diversifier for REGN?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
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: REGN correlations · SBET correlations
