IONQ vs. MSTU

Last updated Jun 13, 2026

IONQ (IonQ, Inc.) is a stock, while MSTU (T-Rex 2X Long MSTR Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex. Over the past year, IONQ returned 52.88% vs -95.55% for MSTU. At a 0.44 correlation, their price movements are largely independent.

Performance

IONQ vs. MSTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IonQ, Inc. (IONQ) and T-Rex 2X Long MSTR Daily Target ETF (MSTU). 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 MSTU's -57.64% return.

IONQ

• 1D: -0.24%
• 1M: 0.66%
• YTD: 28.93%
• 6M: 14.90%
• 1Y: 52.88%
• 3Y*: 75.90%
• 5Y*: 40.49%
• 10Y*: —

MSTU

• 1D: 6.02%
• 1M: -59.35%
• YTD: -57.64%
• 6M: -69.76%
• 1Y: -95.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IONQ vs. MSTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IONQ IonQ, Inc.	28.93%	7.42%	414.41%
MSTU T-Rex 2X Long MSTR Daily Target ETF	-57.64%	-89.07%	205.47%

Correlation

The correlation between IONQ and MSTU is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.44

Return for Risk

IONQ vs. MSTU — 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

MSTU

MSTU Risk / Return Rank: 2
MSTU Sharpe Ratio Rank: 4
MSTU Sortino Ratio Rank: 0
MSTU Omega Ratio Rank: 1
MSTU Calmar Ratio Rank: 0
MSTU Martin Ratio Rank: 4

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. MSTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IonQ, Inc. (IONQ) and T-Rex 2X Long MSTR Daily Target ETF (MSTU). 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	MSTU	Difference
Sharpe ratio: Return per unit of total volatility	0.53	-0.68	+1.21
Sortino ratio: Return per unit of downside risk	1.43	-2.07	+3.51
Omega ratio: Gain probability vs. loss probability	1.16	0.78	+0.38
Calmar ratio: Return relative to maximum drawdown	0.73	-0.98	+1.72
Martin ratio: Return relative to average drawdown	1.33	-1.24	+2.57

IONQ vs. MSTU - Sharpe Ratio Comparison

The current IONQ Sharpe Ratio is 0.53, which is higher than the MSTU Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of IONQ and MSTU, 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. MSTU - Drawdown Comparison

The maximum IONQ drawdown since its inception was -90.00%, smaller than the maximum MSTU drawdown of -98.80%. Use the drawdown chart below to compare losses from any high point for IONQ and MSTU.

Drawdown Indicators

	IONQ	MSTU	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-98.80%	+8.80%
Max Drawdown (1Y) Largest decline over 1 year	-67.61%	-97.12%	+29.51%
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	-29.53%	-98.63%	+69.10%
Average Drawdown Average peak-to-trough decline	-50.88%	-72.20%	+21.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.20%	76.86%	-39.66%

Volatility

IONQ vs. MSTU - Volatility Comparison

The current volatility for IonQ, Inc. (IONQ) is 31.60%, while T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a volatility of 43.50%. This indicates that IONQ experiences smaller price fluctuations and is considered to be less risky than MSTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IONQ	MSTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.60%	43.50%	-11.90%
Volatility (6M) Calculated over the trailing 6-month period	68.80%	113.54%	-44.74%
Volatility (1Y) Calculated over the trailing 1-year period	93.28%	140.26%	-46.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.48%	168.69%	-68.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.53%	168.69%	-71.16%

Dividends

IONQ vs. MSTU - Dividend Comparison

Neither IONQ nor MSTU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IONQ and MSTU in my portfolio?

IONQ and MSTU have a correlation of 0.49, 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 MSTU?

MSTU has higher volatility (43.50%) compared to IONQ (31.60%). In terms of maximum drawdown, IONQ dropped -90.00% vs MSTU's -98.80%.

Which has better risk-adjusted returns?

IONQ currently has the higher Sharpe Ratio (0.53 vs -0.68), 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.