CFLT vs. IONQ

Last updated Jun 4, 2026

CFLT (Confluent, Inc.) and IONQ (IonQ, Inc.) are both stocks. Both are in the Technology sector — CFLT in Software - Infrastructure, IONQ in Computer Hardware. At a 0.42 correlation, their price movements are largely independent.

Performance

CFLT vs. IONQ - Performance Comparison

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

Returns By Period

CFLT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IONQ

• 1D: -4.44%
• 1M: 49.14%
• YTD: 52.06%
• 6M: 40.25%
• 1Y: 71.39%
• 3Y*: 94.87%
• 5Y*: 46.53%
• 10Y*: —

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

CFLT vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CFLT Confluent, Inc.	2.48%	8.15%	19.49%	5.22%	-70.83%	69.35%
IONQ IonQ, Inc.	52.06%	7.42%	237.13%	259.13%	-79.34%	62.14%

Correlation

The correlation between CFLT and IONQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021	0.42

Over the past year, the correlation between CFLT and IONQ has dropped to 0.09 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Fundamentals

Market Cap CFLT : $10.90B IONQ : $25.33B
EPS CFLT : -$0.85 IONQ : $0.86
PS Ratio CFLT : 9.20 IONQ : 117.20
PB Ratio CFLT : 9.33 IONQ : 5.09
Total Revenue (TTM) CFLT : $1.17B IONQ : $187.12M
Gross Profit (TTM) CFLT : $866.84M IONQ : $71.25M
EBITDA (TTM) CFLT : -$339.97M IONQ : $405.86M

Return for Risk

CFLT vs. IONQ — Risk / Return Rank

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

IONQ

IONQ Risk / Return Rank: 64
IONQ Sharpe Ratio Rank: 65
IONQ Sortino Ratio Rank: 69
IONQ Omega Ratio Rank: 63
IONQ Calmar Ratio Rank: 62
IONQ Martin Ratio Rank: 59

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.

CFLT vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Confluent, Inc. (CFLT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CFLT	IONQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.42	—

Drawdowns

Drawdown Indicators

	CFLT	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-67.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-67.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.00%	—
Current Drawdown Current decline from peak	—	-16.88%	—
Average Drawdown Average peak-to-trough decline	—	-51.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	36.91%	—

Volatility

Volatility by Period

	CFLT	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	30.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	91.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	100.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	97.40%	—

Dividends

CFLT vs. IONQ - Dividend Comparison

Neither CFLT nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CFLT and IONQ in my portfolio?

CFLT and IONQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.