SBET vs ZEO: Correlation
Measured on weekly returns over the past three years, Sharplink, Inc. (SBET) and Zeo Energy Corporation (ZEO) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBET and ZEO?
On 3 years of weekly data the SBET/ZEO correlation comes out at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.40 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 31760.8 %².
Among the 25 assets we track against SBET, ZEO ranks #8 by 3-year correlation. The last year tells two different stories: SBET led by 27.8 percentage points, -53.9% for SBET against -81.7% for ZEO. Note the risk asymmetry: SBET runs 4.7 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.
SBET vs ZEO: side by side
| SBET (Sharplink, Inc.) | ZEO (Zeo Energy Corporation) | |
|---|---|---|
| 1-year return | -53.9% | -81.7% |
| 5-year return | -98.8% | -96.8% |
| Volatility (ann.) | 616.8% | 130.0% |
| Beta vs S&P 500 | 3.10 | 1.10 |
| Max drawdown (3Y) | -94.2% | -97.4% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBET | ZEO |
|---|---|---|
| 2022 | -88.3% | +4.2% |
| 2023 | -51.6% | +8.9% |
| 2024 | -57.3% | -69.5% |
| 2025 | +16.4% | -68.2% |
| 2026 | -0.7% | -70.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBET and ZEO good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SBET and ZEO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.01 over the last year and 0.39 over 5 years.
Is ZEO a good diversifier for SBET?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sbet-vs-zeo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sbet-vs-zeo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SBET correlations · ZEO correlations
