IONQ vs. QBTS
IONQ (IonQ, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. Both operate in the Computer Hardware industry within the Technology sector. Over the past 3 years, IONQ returned 22.42%/yr vs 88.49%/yr for QBTS. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
IONQ vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, IONQ achieves a -18.79% return, which is significantly higher than QBTS's -30.86% return.
IONQ
- 1D
- 1.87%
- 1M
- -25.81%
- 6M
- -8.85%
- YTD
- -18.79%
- 1Y
- -4.41%
- 3Y*
- 22.42%
- 5Y*
- 29.72%
- 10Y*
- —
- ALL TIME*
- 23.75%
QBTS
- 1D
- 0.56%
- 1M
- -19.75%
- 6M
- -14.80%
- YTD
- -30.86%
- 1Y
- 10.38%
- 3Y*
- 88.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
IONQ IonQ, Inc. | $680.39M | $717.71M | $1.44B |
| $359.00M | $350.88M | $734.73M |
IONQ vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IONQ IonQ, Inc. | -18.79% | 7.42% | 237.13% | 259.13% | -46.26% |
QBTS D-Wave Quantum Inc | -30.86% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between IONQ and QBTS is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.52 |
Over the past year, IONQ and QBTS have become more correlated (0.84) than their long-term average of 0.52, meaning their price movements have been converging.
Fundamentals
IONQ:
$13.60B
QBTS:
$6.64B
IONQ:
$0.80
QBTS:
-$1.04
IONQ:
67.17
QBTS:
514.63
IONQ:
2.72
QBTS:
5.91
IONQ:
$187.12M
QBTS:
$12.44M
IONQ:
$71.25M
QBTS:
$8.25M
IONQ:
$405.86M
QBTS:
-$399.03M
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Return for Risk
IONQ vs. QBTS — Risk / Return Rank
IONQ
QBTS
IONQ vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IonQ, Inc. (IONQ) and D-Wave Quantum Inc (QBTS). 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 | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.10 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.07 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.21 | 0.12 | -0.33 |
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Drawdowns
IONQ vs. QBTS - Drawdown Comparison
The maximum IONQ drawdown since its inception was -90.00%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for IONQ and QBTS.
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Drawdown Indicators
| IONQ | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.00% | -96.67% | +6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -67.61% | -71.01% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -67.61% | -71.01% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -90.00% | — | — |
Current DrawdownCurrent decline from peak | -55.61% | -59.62% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -50.76% | -65.27% | +14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.77% | 44.79% | -4.02% |
Volatility
IONQ vs. QBTS - Volatility Comparison
The current volatility for IonQ, Inc. (IONQ) is 23.28%, while D-Wave Quantum Inc (QBTS) has a volatility of 30.87%. This indicates that IONQ experiences smaller price fluctuations and is considered to be less risky than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IONQ | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.28% | 30.87% | -7.59% |
Volatility (6M)Calculated over the trailing 6-month period | 69.41% | 77.01% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.92% | 110.95% | -16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.41% | 149.71% | -48.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.23% | 149.71% | -52.48% |
Dividends
IONQ vs. QBTS - Dividend Comparison
Neither IONQ nor QBTS has paid dividends to shareholders.
Financials
IONQ vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between IonQ, Inc. and D-Wave Quantum 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
IONQ and QBTS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (30.87%) compared to IONQ (23.28%). In terms of maximum drawdown, IONQ dropped -90.00% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.05 vs -0.09), 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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