LMND vs. IONQ

Last updated Jun 13, 2026

LMND (Lemonade, Inc.) and IONQ (IonQ, Inc.) are both stocks. LMND operates in Insurance - Property & Casualty (Financial Services), while IONQ operates in Computer Hardware (Technology). Over the past 5 years, LMND returned -11.55%/yr vs 40.49%/yr for IONQ. At a 0.49 correlation, their price movements are largely independent.

Performance

LMND vs. IONQ - Performance Comparison

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

Returns By Period

In the year-to-date period, LMND achieves a -19.23% return, which is significantly lower than IONQ's 28.93% return.

LMND

• 1D: 0.54%
• 1M: 8.74%
• YTD: -19.23%
• 6M: -26.15%
• 1Y: 36.46%
• 3Y*: 39.69%
• 5Y*: -11.55%
• 10Y*: —

IONQ

• 1D: -0.24%
• 1M: 4.69%
• YTD: 28.93%
• 6M: 14.90%
• 1Y: 49.44%
• 3Y*: 75.90%
• 5Y*: 40.49%
• 10Y*: —

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

LMND vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LMND Lemonade, Inc.	-19.23%	94.06%	127.40%	17.91%	-67.51%	-65.62%
IONQ IonQ, Inc.	28.93%	7.42%	237.13%	259.13%	-79.34%	50.11%

Correlation

The correlation between LMND and IONQ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.49

The correlation between LMND and IONQ has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.

Fundamentals

Market Cap LMND : $4.39B IONQ : $21.48B
EPS LMND : -$1.88 IONQ : $0.86
PS Ratio LMND : 5.18 IONQ : 99.37
PB Ratio LMND : 8.47 IONQ : 4.32
Total Revenue (TTM) LMND : $821.10M IONQ : $187.12M
Gross Profit (TTM) LMND : $390.70M IONQ : $71.25M
EBITDA (TTM) LMND : -$120.70M IONQ : $405.86M

Return for Risk

LMND vs. IONQ — Risk / Return Rank

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

LMND

LMND Risk / Return Rank: 60
LMND Sharpe Ratio Rank: 58
LMND Sortino Ratio Rank: 63
LMND Omega Ratio Rank: 60
LMND Calmar Ratio Rank: 60
LMND Martin Ratio Rank: 58

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.

LMND vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lemonade, Inc. (LMND) 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.

	LMND	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	0.43	0.53	-0.10
Sortino ratio: Return per unit of downside risk	1.30	1.43	-0.14
Omega ratio: Gain probability vs. loss probability	1.15	1.16	-0.01
Calmar ratio: Return relative to maximum drawdown	0.77	0.73	+0.03
Martin ratio: Return relative to average drawdown	1.48	1.33	+0.15

LMND vs. IONQ - Sharpe Ratio Comparison

The current LMND Sharpe Ratio is 0.43, which is comparable to the IONQ Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of LMND 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

LMND vs. IONQ - Drawdown Comparison

The maximum LMND drawdown since its inception was -94.23%, roughly equal to the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for LMND and IONQ.

Drawdown Indicators

	LMND	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-94.23%	-90.00%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-47.70%	-67.61%	+19.91%
Max Drawdown (3Y) Largest decline over 3 years	-56.10%	-67.61%	+11.51%
Max Drawdown (5Y) Largest decline over 5 years	-90.63%	-90.00%	-0.63%
Current Drawdown Current decline from peak	-68.63%	-29.53%	-39.10%
Average Drawdown Average peak-to-trough decline	-73.02%	-50.88%	-22.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.64%	37.20%	-12.56%

Volatility

LMND vs. IONQ - Volatility Comparison

The current volatility for Lemonade, Inc. (LMND) is 15.88%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that LMND 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

	LMND	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.88%	31.60%	-15.72%
Volatility (6M) Calculated over the trailing 6-month period	53.78%	68.80%	-15.02%
Volatility (1Y) Calculated over the trailing 1-year period	84.53%	93.28%	-8.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.20%	100.48%	-18.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.51%	97.53%	-11.02%

Dividends

LMND vs. IONQ - Dividend Comparison

Neither LMND nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LMND and IONQ in my portfolio?

LMND and IONQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMND or IONQ?

IONQ has higher volatility (31.60%) compared to LMND (15.88%). In terms of maximum drawdown, LMND dropped -94.23% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

IONQ currently has the higher Sharpe Ratio (0.53 vs 0.43), 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.