NBIS vs. IONQ

Last updated Jun 9, 2026

NBIS (Nebius Group N.V.) and IONQ (IonQ, Inc.) are both stocks. NBIS operates in Internet Content & Information (Communication Services), while IONQ operates in Computer Hardware (Technology). Over the past year, NBIS returned 351.53% vs 60.94% for IONQ. At a 0.44 correlation, their price movements are largely independent.

Performance

NBIS vs. IONQ - Performance Comparison

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

Returns By Period

In the year-to-date period, NBIS achieves a 160.44% return, which is significantly higher than IONQ's 39.96% return.

NBIS

• 1D: -4.31%
• 1M: 23.13%
• YTD: 160.44%
• 6M: 117.28%
• 1Y: 351.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IONQ

• 1D: 10.60%
• 1M: 27.54%
• YTD: 39.96%
• 6M: 15.53%
• 1Y: 60.94%
• 3Y*: 81.23%
• 5Y*: 42.74%
• 10Y*: —

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

NBIS vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBIS Nebius Group N.V.	160.44%	202.18%	46.25%
IONQ IonQ, Inc.	39.96%	7.42%	234.16%

Correlation

The correlation between NBIS and IONQ is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Oct 18, 2024	0.44

The correlation between NBIS and IONQ has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.

Fundamentals

Market Cap NBIS : $67.36B IONQ : $23.31B
EPS NBIS : $3.17 IONQ : $0.86
PE Ratio NBIS : 68.67 IONQ : 72.85
PS Ratio NBIS : 65.42 IONQ : 107.88
PB Ratio NBIS : 9.30 IONQ : 4.69
Total Revenue (TTM) NBIS : $877.90M IONQ : $187.12M
Gross Profit (TTM) NBIS : $420.60M IONQ : $71.25M
EBITDA (TTM) NBIS : -$52.78M IONQ : $405.86M

Return for Risk

NBIS vs. IONQ — Risk / Return Rank

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

NBIS

NBIS Risk / Return Rank: 94
NBIS Sharpe Ratio Rank: 96
NBIS Sortino Ratio Rank: 94
NBIS Omega Ratio Rank: 90
NBIS Calmar Ratio Rank: 96
NBIS Martin Ratio Rank: 95

IONQ

IONQ Risk / Return Rank: 63
IONQ Sharpe Ratio Rank: 64
IONQ Sortino Ratio Rank: 68
IONQ Omega Ratio Rank: 63
IONQ Calmar Ratio Rank: 61
IONQ Martin Ratio Rank: 59

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.

NBIS vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nebius Group N.V. (NBIS) 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.

	NBIS	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	3.39	0.66	+2.73
Sortino ratio: Return per unit of downside risk	3.71	1.57	+2.13
Omega ratio: Gain probability vs. loss probability	1.41	1.17	+0.24
Calmar ratio: Return relative to maximum drawdown	7.79	0.91	+6.89
Martin ratio: Return relative to average drawdown	17.86	1.65	+16.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBIS vs. IONQ - Sharpe Ratio Comparison

The current NBIS Sharpe Ratio is 3.39, which is higher than the IONQ Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of NBIS 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.

Sharpe Ratios by Period

	NBIS	IONQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.39	0.66	+2.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.19	0.39	+2.79

Drawdowns

NBIS vs. IONQ - Drawdown Comparison

The maximum NBIS drawdown since its inception was -58.27%, smaller than the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for NBIS and IONQ.

Drawdown Indicators

	NBIS	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-58.27%	-90.00%	+31.73%
Max Drawdown (1Y) Largest decline over 1 year	-45.47%	-67.61%	+22.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.00%	—
Current Drawdown Current decline from peak	-17.58%	-23.50%	+5.92%
Average Drawdown Average peak-to-trough decline	-19.02%	-50.97%	+31.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.79%	37.01%	-17.22%

Volatility

NBIS vs. IONQ - Volatility Comparison

Nebius Group N.V. (NBIS) and IonQ, Inc. (IONQ) have volatilities of 33.60% and 32.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBIS	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.60%	32.87%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	71.53%	68.37%	+3.16%
Volatility (1Y) Calculated over the trailing 1-year period	104.78%	92.93%	+11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.72%	100.41%	+10.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.72%	97.59%	+13.13%

Dividends

NBIS vs. IONQ - Dividend Comparison

Neither NBIS nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NBIS and IONQ in my portfolio?

NBIS and IONQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBIS or IONQ?

NBIS has higher volatility (33.60%) compared to IONQ (32.87%). In terms of maximum drawdown, NBIS dropped -58.27% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (3.39 vs 0.66), 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.