IONQ vs. HON

Last updated Jun 13, 2026

IONQ (IonQ, Inc.) and HON (Honeywell International Inc) are both stocks. IONQ operates in Computer Hardware (Technology), while HON operates in Conglomerates (Industrials). Over the past 5 years, IONQ returned 40.49%/yr vs 2.86%/yr for HON. At a 0.23 correlation, their price movements are largely independent.

Performance

IONQ vs. HON - Performance Comparison

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

Returns By Period

In the year-to-date period, IONQ achieves a 28.93% return, which is significantly higher than HON's 14.11% return.

IONQ

• 1D: -0.24%
• 1M: 4.69%
• YTD: 28.93%
• 6M: 14.90%
• 1Y: 49.44%
• 3Y*: 75.90%
• 5Y*: 40.49%
• 10Y*: —

HON

• 1D: 0.54%
• 1M: 1.63%
• YTD: 14.11%
• 6M: 14.95%
• 1Y: 5.66%
• 3Y*: 7.43%
• 5Y*: 2.86%
• 10Y*: 10.02%

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

IONQ vs. HON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IONQ IonQ, Inc.	28.93%	7.42%	237.13%	259.13%	-79.34%	50.11%
HON Honeywell International Inc	14.11%	-6.37%	10.02%	0.02%	4.90%	-0.29%

Correlation

The correlation between IONQ and HON is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.23

Fundamentals

Market Cap IONQ : $21.48B HON : $140.65B
EPS IONQ : $0.86 HON : $6.42
PE Ratio IONQ : 67.11 HON : 34.34
PS Ratio IONQ : 99.37 HON : 3.83
PB Ratio IONQ : 4.32 HON : 6.60
Total Revenue (TTM) IONQ : $187.12M HON : $36.76B
Gross Profit (TTM) IONQ : $71.25M HON : $13.58B
EBITDA (TTM) IONQ : $405.86M HON : $6.55B

Return for Risk

IONQ vs. HON — Risk / Return Rank

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

IONQ

IONQ Risk / Return Rank: 61
IONQ Sharpe Ratio Rank: 61
IONQ Sortino Ratio Rank: 66
IONQ Omega Ratio Rank: 62
IONQ Calmar Ratio Rank: 59
IONQ Martin Ratio Rank: 57

HON

HON Risk / Return Rank: 48
HON Sharpe Ratio Rank: 52
HON Sortino Ratio Rank: 44
HON Omega Ratio Rank: 44
HON Calmar Ratio Rank: 51
HON Martin Ratio Rank: 49

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.

IONQ vs. HON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IonQ, Inc. (IONQ) and Honeywell International Inc (HON). 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.

	IONQ	HON	Difference
Sharpe ratio: Return per unit of total volatility	0.53	0.24	+0.30
Sortino ratio: Return per unit of downside risk	1.43	0.52	+0.91
Omega ratio: Gain probability vs. loss probability	1.16	1.06	+0.09
Calmar ratio: Return relative to maximum drawdown	0.73	0.34	+0.39
Martin ratio: Return relative to average drawdown	1.33	0.59	+0.75

IONQ vs. HON - Sharpe Ratio Comparison

The current IONQ Sharpe Ratio is 0.53, which is higher than the HON Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of IONQ and HON, 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

IONQ vs. HON - Drawdown Comparison

The maximum IONQ drawdown since its inception was -90.00%, which is greater than HON's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for IONQ and HON.

Drawdown Indicators

	IONQ	HON	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-70.09%	-19.91%
Max Drawdown (1Y) Largest decline over 1 year	-67.61%	-16.54%	-51.07%
Max Drawdown (3Y) Largest decline over 3 years	-67.61%	-22.10%	-45.51%
Max Drawdown (5Y) Largest decline over 5 years	-90.00%	-27.13%	-62.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.01%	—
Current Drawdown Current decline from peak	-29.53%	-10.69%	-18.84%
Average Drawdown Average peak-to-trough decline	-50.88%	-20.28%	-30.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.20%	9.68%	+27.52%

Volatility

IONQ vs. HON - Volatility Comparison

IonQ, Inc. (IONQ) has a higher volatility of 31.60% compared to Honeywell International Inc (HON) at 11.56%. This indicates that IONQ's price experiences larger fluctuations and is considered to be riskier than HON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IONQ	HON	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.60%	11.56%	+20.04%
Volatility (6M) Calculated over the trailing 6-month period	68.80%	18.95%	+49.85%
Volatility (1Y) Calculated over the trailing 1-year period	93.28%	24.12%	+69.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.48%	22.02%	+78.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.53%	23.64%	+73.89%

Dividends

IONQ vs. HON - Dividend Comparison

IONQ has not paid dividends to shareholders, while HON's dividend yield for the trailing twelve months is around 2.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HON Honeywell International Inc	2.10%	2.25%	1.93%	1.99%	1.85%	1.81%	1.71%	1.90%	2.24%	1.79%	2.11%	2.07%
IONQ IonQ, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both IONQ and HON in my portfolio?

IONQ and HON have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IONQ or HON?

IONQ has higher volatility (31.60%) compared to HON (11.56%). In terms of maximum drawdown, IONQ dropped -90.00% vs HON's -70.09%.

Which has better risk-adjusted returns?

IONQ currently has the higher Sharpe Ratio (0.53 vs 0.24), 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.