PANW vs. IONQ
PANW (Palo Alto Networks, Inc.) and IONQ (IonQ, Inc.) are both stocks. Both are in the Technology sector — PANW in Software - Infrastructure, IONQ in Computer Hardware. Over the past 5 years, PANW returned 35.61%/yr vs 40.49%/yr for IONQ. At a 0.35 correlation, their price movements are largely independent.
Performance
PANW vs. IONQ - Performance Comparison
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Returns By Period
In the year-to-date period, PANW achieves a 51.80% return, which is significantly higher than IONQ's 28.93% return.
PANW
- 1D
- 0.03%
- 1M
- 15.15%
- YTD
- 51.80%
- 6M
- 45.87%
- 1Y
- 42.47%
- 3Y*
- 33.77%
- 5Y*
- 35.61%
- 10Y*
- 29.12%
IONQ
- 1D
- -0.24%
- 1M
- 11.36%
- YTD
- 28.93%
- 6M
- 14.90%
- 1Y
- 52.88%
- 3Y*
- 75.90%
- 5Y*
- 40.49%
- 10Y*
- —
PANW vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% |
IONQ IonQ, Inc. | 28.93% | 7.42% | 237.13% | 259.13% | -79.34% | 50.11% |
Correlation
The correlation between PANW and IONQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.35 |
The correlation between PANW and IONQ shifts across timeframes, from 0.24 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PANW:
$208.04B
IONQ:
$21.48B
PANW:
$1.17
IONQ:
$0.86
PANW:
238.46
IONQ:
67.11
PANW:
18.95
IONQ:
99.37
PANW:
7.52
IONQ:
4.32
PANW:
$10.61B
IONQ:
$187.12M
PANW:
$7.63B
IONQ:
$71.25M
PANW:
$1.33B
IONQ:
$405.86M
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Return for Risk
PANW vs. IONQ — Risk / Return Rank
PANW
IONQ
PANW vs. IONQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) 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.
| PANW | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.73 | +0.42 |
| Martin ratioReturn relative to average drawdown | 2.62 | 1.33 | +1.29 |
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Drawdowns
PANW vs. IONQ - Drawdown Comparison
The maximum PANW drawdown since its inception was -47.98%, smaller than the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for PANW and IONQ.
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Drawdown Indicators
| PANW | IONQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -90.00% | +42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -67.61% | +31.60% |
Max Drawdown (3Y)Largest decline over 3 years | -36.01% | -67.61% | +31.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -90.00% | +53.99% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | — | — |
Current DrawdownCurrent decline from peak | -6.94% | -29.53% | +22.59% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -50.88% | +36.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.87% | 37.20% | -21.33% |
Volatility
PANW vs. IONQ - Volatility Comparison
The current volatility for Palo Alto Networks, Inc. (PANW) is 16.97%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that PANW 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.
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Volatility by Period
| PANW | IONQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.97% | 31.60% | -14.63% |
Volatility (6M)Calculated over the trailing 6-month period | 32.33% | 68.80% | -36.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.96% | 93.28% | -54.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 100.48% | -58.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.62% | 97.53% | -58.91% |
Dividends
PANW vs. IONQ - Dividend Comparison
Neither PANW nor IONQ has paid dividends to shareholders.
Financials
PANW vs. IONQ - Financials Comparison
This section allows you to compare key financial metrics between Palo Alto Networks, Inc. and IonQ, 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
PANW and IONQ have a correlation of 0.24, 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 PANW (16.97%). In terms of maximum drawdown, PANW dropped -47.98% vs IONQ's -90.00%.
PANW currently has the higher Sharpe Ratio (1.07 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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