AMD vs. IONQ

Last updated Jul 10, 2026

AMD (Advanced Micro Devices, Inc.) and IONQ (IonQ, Inc.) are both stocks. Both are in the Technology sector — AMD in Semiconductors, IONQ in Computer Hardware. Over the past 5 years, AMD returned 43.17%/yr vs 33.65%/yr for IONQ. At a 0.40 correlation, their price movements are largely independent.

Performance

AMD vs. IONQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advanced Micro Devices, Inc. (AMD) and IonQ, Inc. (IONQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMD achieves a 155.29% return, which is significantly higher than IONQ's -0.22% return.

AMD

• 1D: 5.67%
• 1M: 14.98%
• 6M: 167.11%
• YTD: 155.29%
• 1Y: 295.00%
• 3Y*: 68.84%
• 5Y*: 43.17%
• 10Y*: 59.88%

IONQ

• 1D: -0.69%
• 1M: -21.03%
• 6M: -11.26%
• YTD: -0.22%
• 1Y: -1.73%
• 3Y*: 47.22%
• 5Y*: 33.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMD vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AMD Advanced Micro Devices, Inc.	155.29%	77.30%	-18.06%	127.59%	-54.99%	56.91%
IONQ IonQ, Inc.	-0.22%	7.42%	237.13%	259.13%	-79.34%	50.11%

Correlation

The correlation between AMD and IONQ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.40

Fundamentals

Market Cap AMD : $891.48B IONQ : $16.71B
EPS AMD : $3.04 IONQ : $0.80
PE Ratio AMD : 179.73 IONQ : 55.73
PS Ratio AMD : 24.04 IONQ : 82.52
PB Ratio AMD : 13.99 IONQ : 3.34
Total Revenue (TTM) AMD : $37.45B IONQ : $187.12M
Gross Profit (TTM) AMD : $18.83B IONQ : $71.25M
EBITDA (TTM) AMD : $7.17B IONQ : $405.86M

Return for Risk

AMD vs. IONQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMD

AMD Risk / Return Rank: 97
AMD Sharpe Ratio Rank: 99
AMD Sortino Ratio Rank: 97
AMD Omega Ratio Rank: 96
AMD Calmar Ratio Rank: 98
AMD Martin Ratio Rank: 97

IONQ

IONQ Risk / Return Rank: 47
IONQ Sharpe Ratio Rank: 45
IONQ Sortino Ratio Rank: 51
IONQ Omega Ratio Rank: 48
IONQ Calmar Ratio Rank: 44
IONQ Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMD vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advanced Micro Devices, Inc. (AMD) and IonQ, Inc. (IONQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMD	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	4.33	-0.02	+4.35
Sortino ratio: Return per unit of downside risk	4.09	0.69	+3.39
Omega ratio: Gain probability vs. loss probability	1.53	1.08	+0.46
Calmar ratio: Return relative to maximum drawdown	10.70	-0.03	+10.73
Martin ratio: Return relative to average drawdown	21.87	-0.05	+21.91

AMD vs. IONQ - Sharpe Ratio Comparison

The current AMD Sharpe Ratio is 4.33, which is higher than the IONQ Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of AMD and IONQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMD vs. IONQ - Drawdown Comparison

The maximum AMD drawdown since its inception was -96.59%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for AMD and IONQ.

Drawdown Indicators

	AMD	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-96.59%	-90.00%	-6.59%
Max Drawdown (1Y) Largest decline over 1 year	-27.76%	-67.61%	+39.85%
Max Drawdown (3Y) Largest decline over 3 years	-63.00%	-67.61%	+4.61%
Max Drawdown (5Y) Largest decline over 5 years	-65.45%	-90.00%	+24.55%
Max Drawdown (10Y) Largest decline over 10 years	-65.45%	—	—
Current Drawdown Current decline from peak	-5.89%	-45.46%	+39.57%
Average Drawdown Average peak-to-trough decline	-56.57%	-50.70%	-5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.56%	38.39%	-24.83%

Volatility

AMD vs. IONQ - Volatility Comparison

Advanced Micro Devices, Inc. (AMD) has a higher volatility of 23.82% compared to IonQ, Inc. (IONQ) at 21.96%. This indicates that AMD's price experiences larger fluctuations and is considered to be riskier than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMD	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.82%	21.96%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	52.99%	68.08%	-15.09%
Volatility (1Y) Calculated over the trailing 1-year period	68.65%	93.45%	-24.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.35%	100.95%	-44.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.00%	97.31%	-40.31%

Dividends

AMD vs. IONQ - Dividend Comparison

Neither AMD nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AMD and IONQ in my portfolio?

AMD and IONQ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMD or IONQ?

AMD has higher volatility (23.82%) compared to IONQ (21.96%). In terms of maximum drawdown, AMD dropped -96.59% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

AMD currently has the higher Sharpe Ratio (4.33 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.