QTUM vs. IONQ
Compare and contrast key facts about Defiance Quantum ETF (QTUM) and IonQ, Inc. (IONQ).
QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTUM or IONQ.
Key characteristics
| QTUM | IONQ | |
|---|---|---|
| YTD Return | 22.50% | 85.71% |
| 1Y Return | 38.73% | 99.22% |
| 3Y Return (Ann) | 6.42% | 4.54% |
| Sharpe Ratio | 1.77 | 1.38 |
| Sortino Ratio | 2.40 | 2.32 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 2.25 | 1.47 |
| Martin Ratio | 6.93 | 3.09 |
| Ulcer Index | 5.58% | 37.47% |
| Daily Std Dev | 21.90% | 83.65% |
| Max Drawdown | -38.45% | -90.00% |
| Current Drawdown | -1.20% | -25.77% |
Correlation
The correlation between QTUM and IONQ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QTUM vs. IONQ - Performance Comparison
In the year-to-date period, QTUM achieves a 22.50% return, which is significantly lower than IONQ's 85.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
QTUM vs. IONQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.
Dividends
QTUM vs. IONQ - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 0.77%, while IONQ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 0.77% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% |
IONQ IonQ, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QTUM vs. IONQ - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for QTUM and IONQ. For additional features, visit the drawdowns tool.
Volatility
QTUM vs. IONQ - Volatility Comparison
The current volatility for Defiance Quantum ETF (QTUM) is 6.88%, while IonQ, Inc. (IONQ) has a volatility of 40.82%. This indicates that QTUM 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.