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IONQ vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IONQ and QQQ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

IONQ vs. QQQ - Performance Comparison

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

0.00%100.00%200.00%300.00%JulyAugustSeptemberOctoberNovemberDecember
311.30%
71.64%
IONQ
QQQ

Key characteristics

Sharpe Ratio

IONQ:

2.43

QQQ:

1.64

Sortino Ratio

IONQ:

3.06

QQQ:

2.19

Omega Ratio

IONQ:

1.35

QQQ:

1.30

Calmar Ratio

IONQ:

2.94

QQQ:

2.16

Martin Ratio

IONQ:

6.91

QQQ:

7.79

Ulcer Index

IONQ:

33.53%

QQQ:

3.76%

Daily Std Dev

IONQ:

95.54%

QQQ:

17.85%

Max Drawdown

IONQ:

-90.00%

QQQ:

-82.98%

Current Drawdown

IONQ:

0.00%

QQQ:

-3.63%

Returns By Period

In the year-to-date period, IONQ achieves a 258.51% return, which is significantly higher than QQQ's 27.20% return.


IONQ

YTD

258.51%

1M

53.92%

6M

557.10%

1Y

222.12%

5Y*

N/A

10Y*

N/A

QQQ

YTD

27.20%

1M

3.08%

6M

8.34%

1Y

27.81%

5Y*

20.44%

10Y*

18.36%

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Risk-Adjusted Performance

IONQ vs. QQQ - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for IONQ, currently valued at 2.43, compared to the broader market-4.00-2.000.002.002.431.64
The chart of Sortino ratio for IONQ, currently valued at 3.06, compared to the broader market-4.00-2.000.002.004.003.062.19
The chart of Omega ratio for IONQ, currently valued at 1.35, compared to the broader market0.501.001.502.001.351.30
The chart of Calmar ratio for IONQ, currently valued at 2.94, compared to the broader market0.002.004.006.002.942.16
The chart of Martin ratio for IONQ, currently valued at 6.91, compared to the broader market-5.000.005.0010.0015.0020.0025.006.917.79
IONQ
QQQ

The current IONQ Sharpe Ratio is 2.43, which is higher than the QQQ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of IONQ and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
2.43
1.64
IONQ
QQQ

Dividends

IONQ vs. QQQ - Dividend Comparison

IONQ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.


TTM20232022202120202019201820172016201520142013
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%
QQQ
Invesco QQQ
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

IONQ vs. QQQ - Drawdown Comparison

The maximum IONQ drawdown since its inception was -90.00%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IONQ and QQQ. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-3.63%
IONQ
QQQ

Volatility

IONQ vs. QQQ - Volatility Comparison

IonQ, Inc. (IONQ) has a higher volatility of 44.42% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that IONQ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
44.42%
5.29%
IONQ
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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