GOOG vs. IONQ
GOOG (Alphabet Inc) and IONQ (IonQ, Inc.) are both stocks. GOOG operates in Internet Content & Information (Communication Services), while IONQ operates in Computer Hardware (Technology). Over the past 5 years, GOOG returned 23.51%/yr vs 40.49%/yr for IONQ. At a 0.35 correlation, their price movements are largely independent.
Performance
GOOG vs. IONQ - Performance Comparison
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Returns By Period
In the year-to-date period, GOOG achieves a 14.29% return, which is significantly lower than IONQ's 28.93% return.
GOOG
- 1D
- 0.45%
- 1M
- -10.19%
- YTD
- 14.29%
- 6M
- 15.49%
- 1Y
- 102.96%
- 3Y*
- 42.67%
- 5Y*
- 23.51%
- 10Y*
- 25.97%
IONQ
- 1D
- -0.24%
- 1M
- 4.69%
- YTD
- 28.93%
- 6M
- 14.90%
- 1Y
- 49.44%
- 3Y*
- 75.90%
- 5Y*
- 40.49%
- 10Y*
- —
GOOG vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 14.29% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% |
IONQ IonQ, Inc. | 28.93% | 7.42% | 237.13% | 259.13% | -79.34% | 50.11% |
Correlation
The correlation between GOOG and IONQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.35 |
Over the past year, the correlation between GOOG and IONQ has dropped to 0.15 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
GOOG:
$4.38T
IONQ:
$21.48B
GOOG:
$13.11
IONQ:
$0.86
GOOG:
27.31
IONQ:
67.11
GOOG:
10.35
IONQ:
99.37
GOOG:
9.16
IONQ:
4.32
GOOG:
$422.57B
IONQ:
$187.12M
GOOG:
$255.12B
IONQ:
$71.25M
GOOG:
$174.08B
IONQ:
$405.86M
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Return for Risk
GOOG vs. IONQ — Risk / Return Rank
GOOG
IONQ
GOOG vs. IONQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.
| GOOG | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.16 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 0.73 | +4.25 |
| Martin ratioReturn relative to average drawdown | 17.56 | 1.33 | +16.23 |
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Drawdowns
GOOG vs. IONQ - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for GOOG and IONQ.
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Drawdown Indicators
| GOOG | IONQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -90.00% | +45.40% |
Max Drawdown (1Y)Largest decline over 1 year | -20.75% | -67.61% | +46.86% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -67.61% | +38.26% |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | -90.00% | +45.40% |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | — | — |
Current DrawdownCurrent decline from peak | -10.19% | -29.53% | +19.34% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -50.88% | +41.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 37.20% | -31.32% |
Volatility
GOOG vs. IONQ - Volatility Comparison
The current volatility for Alphabet Inc (GOOG) is 7.29%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that GOOG experiences smaller price fluctuations and is considered to be less risky than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOG | IONQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 31.60% | -24.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 68.80% | -48.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.75% | 93.28% | -64.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.15% | 100.48% | -69.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.02% | 97.53% | -68.51% |
Dividends
GOOG vs. IONQ - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.24%, while IONQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% |
IONQ IonQ, Inc. | 0.00% | 0.00% | 0.00% |
Financials
GOOG vs. IONQ - Financials Comparison
This section allows you to compare key financial metrics between Alphabet Inc and IonQ, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
GOOG and IONQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IONQ has higher volatility (31.60%) compared to GOOG (7.29%). In terms of maximum drawdown, GOOG dropped -44.60% vs IONQ's -90.00%.
GOOG currently has the higher Sharpe Ratio (3.60 vs 0.53), 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.
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