IONQ vs. QTUM
Compare and contrast key facts about IonQ, Inc. (IONQ) and Defiance Quantum ETF (QTUM).
QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IONQ or QTUM.
Key characteristics
| IONQ | QTUM | |
|---|---|---|
| YTD Return | -30.35% | 9.85% |
| 1Y Return | 40.33% | 36.06% |
| 3Y Return (Ann) | -5.46% | 8.91% |
| Sharpe Ratio | 0.52 | 1.87 |
| Daily Std Dev | 88.66% | 19.16% |
| Max Drawdown | -90.00% | -38.45% |
| Current Drawdown | -72.16% | -5.00% |
Correlation
The correlation between IONQ and QTUM is 0.58, 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.
Performance
IONQ vs. QTUM - Performance Comparison
In the year-to-date period, IONQ achieves a -30.35% return, which is significantly lower than QTUM's 9.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IONQ vs. QTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IonQ, Inc. (IONQ) and Defiance Quantum ETF (QTUM). 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.
Dividends
IONQ vs. QTUM - Dividend Comparison
IONQ has not paid dividends to shareholders, while QTUM's dividend yield for the trailing twelve months is around 0.77%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IONQ IonQ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.77% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% |
Drawdowns
IONQ vs. QTUM - Drawdown Comparison
The maximum IONQ drawdown since its inception was -90.00%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for IONQ and QTUM. For additional features, visit the drawdowns tool.
Volatility
IONQ vs. QTUM - Volatility Comparison
IonQ, Inc. (IONQ) has a higher volatility of 19.65% compared to Defiance Quantum ETF (QTUM) at 6.72%. This indicates that IONQ's price experiences larger fluctuations and is considered to be riskier than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.