LEU vs. IONQ

Last updated Jun 13, 2026

LEU (Centrus Energy Corp.) and IONQ (IonQ, Inc.) are both stocks. LEU operates in Uranium (Energy), while IONQ operates in Computer Hardware (Technology). Over the past 5 years, LEU returned 43.53%/yr vs 40.49%/yr for IONQ. At a 0.40 correlation, their price movements are largely independent.

Performance

LEU vs. IONQ - Performance Comparison

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

Returns By Period

In the year-to-date period, LEU achieves a -33.03% return, which is significantly lower than IONQ's 28.93% return.

LEU

• 1D: 2.46%
• 1M: -10.96%
• YTD: -33.03%
• 6M: -34.71%
• 1Y: 0.21%
• 3Y*: 68.75%
• 5Y*: 43.53%
• 10Y*: 47.52%

IONQ

• 1D: -0.24%
• 1M: 11.36%
• YTD: 28.93%
• 6M: 14.90%
• 1Y: 52.88%
• 3Y*: 75.90%
• 5Y*: 40.49%
• 10Y*: —

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

LEU vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LEU Centrus Energy Corp.	-33.03%	264.45%	22.42%	67.52%	-34.92%	115.78%
IONQ IonQ, Inc.	28.93%	7.42%	237.13%	259.13%	-79.34%	50.11%

Correlation

The correlation between LEU and IONQ is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.40

The correlation between LEU and IONQ shifts across timeframes, from 0.40 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LEU : $3.65B IONQ : $21.48B
EPS LEU : $2.89 IONQ : $0.86
PE Ratio LEU : 56.19 IONQ : 67.11
PS Ratio LEU : 7.53 IONQ : 99.37
PB Ratio LEU : 4.71 IONQ : 4.32
Total Revenue (TTM) LEU : $452.30M IONQ : $187.12M
Gross Profit (TTM) LEU : $116.10M IONQ : $71.25M
EBITDA (TTM) LEU : $70.50M IONQ : $405.86M

Return for Risk

LEU vs. IONQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEU

LEU Risk / Return Rank: 45
LEU Sharpe Ratio Rank: 44
LEU Sortino Ratio Rank: 49
LEU Omega Ratio Rank: 47
LEU Calmar Ratio Rank: 44
LEU Martin Ratio Rank: 43

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

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.

LEU vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Centrus Energy Corp. (LEU) and IonQ, Inc. (IONQ). 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.

	LEU	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	0.03	0.53	-0.50
Sortino ratio: Return per unit of downside risk	0.70	1.43	-0.73
Omega ratio: Gain probability vs. loss probability	1.08	1.16	-0.08
Calmar ratio: Return relative to maximum drawdown	0.04	0.73	-0.70
Martin ratio: Return relative to average drawdown	0.07	1.33	-1.27

LEU vs. IONQ - Sharpe Ratio Comparison

The current LEU Sharpe Ratio is 0.03, which is lower than the IONQ Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of LEU and IONQ, 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

LEU vs. IONQ - Drawdown Comparison

The maximum LEU drawdown since its inception was -99.98%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for LEU and IONQ.

Drawdown Indicators

	LEU	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-90.00%	-9.98%
Max Drawdown (1Y) Largest decline over 1 year	-66.37%	-67.61%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-66.37%	-67.61%	+1.24%
Max Drawdown (5Y) Largest decline over 5 years	-78.23%	-90.00%	+11.77%
Max Drawdown (10Y) Largest decline over 10 years	-83.84%	—	—
Current Drawdown Current decline from peak	-97.60%	-29.53%	-68.07%
Average Drawdown Average peak-to-trough decline	-73.98%	-50.88%	-23.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.60%	37.20%	+1.40%

Volatility

LEU vs. IONQ - Volatility Comparison

The current volatility for Centrus Energy Corp. (LEU) is 24.20%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that LEU experiences smaller price fluctuations and is considered to be less risky than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEU	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.20%	31.60%	-7.40%
Volatility (6M) Calculated over the trailing 6-month period	66.53%	68.80%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	91.26%	93.28%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.35%	100.48%	-14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.30%	97.53%	-15.23%

Dividends

LEU vs. IONQ - Dividend Comparison

Neither LEU nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LEU and IONQ in my portfolio?

LEU and IONQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEU or IONQ?

IONQ has higher volatility (31.60%) compared to LEU (24.20%). In terms of maximum drawdown, LEU dropped -99.98% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

IONQ currently has the higher Sharpe Ratio (0.53 vs 0.03), 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.