NVEC vs. IONQ

Last updated Aug 1, 2026

NVEC (NVE Corporation) and IONQ (IonQ, Inc.) are both stocks. Both are in the Technology sector — NVEC in Semiconductors, IONQ in Computer Hardware. Over the past 5 years, NVEC returned 15.32%/yr vs 29.72%/yr for IONQ. Their 0.35 correlation means their historical movements had little consistent relationship.

Performance

NVEC vs. IONQ - Performance Comparison

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

Returns By Period

In the year-to-date period, NVEC achieves a 101.16% return, which is significantly higher than IONQ's -18.79% return.

NVEC

• 1D: 1.26%
• 1M: 18.38%
• 6M: 76.84%
• YTD: 101.16%
• 1Y: 102.55%
• 3Y*: 18.02%
• 5Y*: 15.32%
• 10Y*: 13.39%
• ALL TIME*: 15.67%

IONQ

• 1D: 1.87%
• 1M: -25.81%
• 6M: -8.85%
• YTD: -18.79%
• 1Y: -4.41%
• 3Y*: 22.42%
• 5Y*: 29.72%
• 10Y*: —
• ALL TIME*: 23.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IONQ IonQ, Inc.	$680.39M	$717.71M	$1.44B
NVEC NVE Corporation	$36.37M	$30.10M	$24.50M

NVEC vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NVEC NVE Corporation	101.16%	-22.70%	9.21%	27.70%	1.86%	28.64%
IONQ IonQ, Inc.	-18.79%	7.42%	237.13%	259.13%	-79.34%	50.11%

Correlation

The correlation between NVEC and IONQ is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.38
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.35

Fundamentals

Market Cap NVEC : $562.42M IONQ : $13.60B
EPS NVEC : $3.72 IONQ : $0.80
PE Ratio NVEC : 31.24 IONQ : 45.36
PS Ratio NVEC : 18.00 IONQ : 67.17
PB Ratio NVEC : 9.42 IONQ : 2.72
Total Revenue (TTM) NVEC : $31.26M IONQ : $187.12M
Gross Profit (TTM) NVEC : $24.78M IONQ : $71.25M
EBITDA (TTM) NVEC : $21.17M IONQ : $405.86M

Return for Risk

NVEC vs. IONQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVEC

NVEC Risk / Return Rank: 87
NVEC Sharpe Ratio Rank: 81
NVEC Sortino Ratio Rank: 89
NVEC Omega Ratio Rank: 88
NVEC Calmar Ratio Rank: 89
NVEC Martin Ratio Rank: 89

IONQ

IONQ Risk / Return Rank: 43
IONQ Sharpe Ratio Rank: 41
IONQ Sortino Ratio Rank: 48
IONQ Omega Ratio Rank: 46
IONQ Calmar Ratio Rank: 40
IONQ Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVEC vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVE Corporation (NVEC) 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.

	NVEC	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	1.28	-0.09	+1.38
Sortino ratio: Return per unit of downside risk	2.64	0.58	+2.06
Omega ratio: Gain probability vs. loss probability	1.34	1.06	+0.27
Calmar ratio: Return relative to maximum drawdown	3.44	-0.13	+3.57
Martin ratio: Return relative to average drawdown	8.93	-0.21	+9.14

NVEC vs. IONQ - Sharpe Ratio Comparison

The current NVEC Sharpe Ratio is 1.28, which is higher than the IONQ Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of NVEC 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

NVEC vs. IONQ - Drawdown Comparison

The maximum NVEC drawdown since its inception was -94.52%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for NVEC and IONQ.

Drawdown Indicators

	NVEC	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-94.52%	-90.00%	-4.52%
Max Drawdown (1Y) Largest decline over 1 year	-27.57%	-67.61%	+40.04%
Max Drawdown (3Y) Largest decline over 3 years	-37.72%	-67.61%	+29.89%
Max Drawdown (5Y) Largest decline over 5 years	-39.11%	-90.00%	+50.89%
Max Drawdown (10Y) Largest decline over 10 years	-64.67%	—	—
Current Drawdown Current decline from peak	-13.37%	-55.61%	+42.24%
Average Drawdown Average peak-to-trough decline	-39.82%	-50.76%	+10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.62%	40.77%	-30.15%

Volatility

NVEC vs. IONQ - Volatility Comparison

NVE Corporation (NVEC) has a higher volatility of 48.81% compared to IonQ, Inc. (IONQ) at 23.28%. This indicates that NVEC's price experiences larger fluctuations and is considered to be riskier than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVEC	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.81%	23.28%	+25.53%
Volatility (6M) Calculated over the trailing 6-month period	60.53%	69.41%	-8.88%
Volatility (1Y) Calculated over the trailing 1-year period	73.94%	94.92%	-20.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.01%	101.41%	-52.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.54%	97.23%	-51.69%

Dividends

NVEC vs. IONQ - Dividend Comparison

NVEC's dividend yield for the trailing twelve months is around 3.44%, while IONQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IONQ IonQ, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVEC NVE Corporation	3.44%	6.74%	4.91%	5.10%	6.18%	5.86%	7.12%	5.60%	4.57%	4.65%	5.60%	9.01%

Financials

Frequently Asked Questions

Can I hold both NVEC and IONQ in my portfolio?

NVEC and IONQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVEC or IONQ?

NVEC has higher volatility (48.81%) compared to IONQ (23.28%). In terms of maximum drawdown, NVEC dropped -94.52% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

NVEC currently has the higher Sharpe Ratio (1.28 vs -0.09), 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.