SBET vs SKY: Correlation
How closely do Sharplink, Inc. (SBET) and Champion Homes, Inc. (SKY) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBET and SKY?
On 3 years of weekly data the SBET/SKY correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.28). The 5-year figure is -0.18, and annualized covariance runs at -7932.5 %².
Among the 25 assets we track against SBET, SKY ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SKY outperformed by 74.4 percentage points (-53.9% for SBET against +20.5% for SKY). One caveat on sizing: SBET is 13.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SBET vs SKY: side by side
| SBET (Sharplink, Inc.) | SKY (Champion Homes, Inc.) | |
|---|---|---|
| 1-year return | -53.9% | +20.5% |
| 5-year return | -98.8% | +41.8% |
| Volatility (ann.) | 616.8% | 45.3% |
| Beta vs S&P 500 | 3.10 | 1.01 |
| Max drawdown (3Y) | -94.2% | -44.6% |
| Market cap | $1.9B | $4.9B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBET | SKY |
|---|---|---|
| 2022 | -88.3% | -34.8% |
| 2023 | -51.6% | +44.2% |
| 2024 | -57.3% | +18.6% |
| 2025 | +16.4% | -4.1% |
| 2026 | -0.7% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBET and SKY good diversifiers for each other?
Yes. With a correlation of -0.28, SBET and SKY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBET and SKY?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.07 over the last year and -0.18 over 5 years.
Is SKY a good diversifier for SBET?
Yes. With a correlation of -0.28, SBET and SKY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sbet-vs-sky.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbet-vs-sky/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SBET correlations · SKY correlations
