IONQ vs. WULF
IONQ (IonQ, Inc.) and WULF (TeraWulf Inc.) are both stocks. IONQ operates in Computer Hardware (Technology), while WULF operates in Capital Markets (Financial Services). Over the past 5 years, IONQ returned 40.49%/yr vs 23.22%/yr for WULF. At a 0.37 correlation, their price movements are largely independent.
Performance
IONQ vs. WULF - Performance Comparison
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Returns By Period
In the year-to-date period, IONQ achieves a 28.93% return, which is significantly lower than WULF's 126.81% return.
IONQ
- 1D
- -0.24%
- 1M
- 4.69%
- YTD
- 28.93%
- 6M
- 14.90%
- 1Y
- 49.44%
- 3Y*
- 75.90%
- 5Y*
- 40.49%
- 10Y*
- —
WULF
- 1D
- 2.80%
- 1M
- 12.72%
- YTD
- 126.81%
- 6M
- 81.86%
- 1Y
- 511.74%
- 3Y*
- 163.16%
- 5Y*
- 23.22%
- 10Y*
- 10.71%
IONQ vs. WULF - 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% |
WULF TeraWulf Inc. | 126.81% | 103.00% | 135.83% | 260.58% | -95.58% | 77.08% |
Correlation
The correlation between IONQ and WULF is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.37 |
Fundamentals
IONQ:
$21.48B
WULF:
$11.02B
IONQ:
$0.86
WULF:
-$2.55
IONQ:
99.37
WULF:
62.38
IONQ:
$187.12M
WULF:
$168.06M
IONQ:
$71.25M
WULF:
$107.59M
IONQ:
$405.86M
WULF:
-$132.10M
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Return for Risk
IONQ vs. WULF — Risk / Return Rank
IONQ
WULF
IONQ vs. WULF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IonQ, Inc. (IONQ) and TeraWulf Inc. (WULF). 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 | WULF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.51 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 16.26 | -15.53 |
| Martin ratioReturn relative to average drawdown | 1.33 | 43.34 | -42.00 |
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Drawdowns
IONQ vs. WULF - Drawdown Comparison
The maximum IONQ drawdown since its inception was -90.00%, smaller than the maximum WULF drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for IONQ and WULF.
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Drawdown Indicators
| IONQ | WULF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.00% | -98.50% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -67.61% | -31.74% | -35.87% |
Max Drawdown (3Y)Largest decline over 3 years | -67.61% | -75.77% | +8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -90.00% | -98.50% | +8.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.50% | — |
Current DrawdownCurrent decline from peak | -29.53% | -27.75% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -50.88% | -46.66% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.20% | 11.89% | +25.31% |
Volatility
IONQ vs. WULF - Volatility Comparison
IonQ, Inc. (IONQ) has a higher volatility of 31.60% compared to TeraWulf Inc. (WULF) at 25.07%. This indicates that IONQ's price experiences larger fluctuations and is considered to be riskier than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IONQ | WULF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.60% | 25.07% | +6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 68.80% | 65.58% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.28% | 106.31% | -13.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.48% | 127.55% | -27.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.53% | 101.43% | -3.90% |
Dividends
IONQ vs. WULF - Dividend Comparison
Neither IONQ nor WULF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IONQ IonQ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Financials
IONQ vs. WULF - Financials Comparison
This section allows you to compare key financial metrics between IonQ, Inc. and TeraWulf 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 WULF have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IONQ has higher volatility (31.60%) compared to WULF (25.07%). In terms of maximum drawdown, IONQ dropped -90.00% vs WULF's -98.50%.
WULF currently has the higher Sharpe Ratio (4.86 vs 0.53), 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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