RGTIW vs. IONQ

Last updated Aug 1, 2026

RGTIW (Rigetti Computing Inc. Warrants) and IONQ (IonQ, Inc.) are both stocks. Both operate in the Computer Hardware industry within the Technology sector. Over the past 5 years, RGTIW returned 36.80%/yr vs 29.72%/yr for IONQ. Their 0.45 correlation means their historical movements had little consistent relationship.

Performance

RGTIW vs. IONQ - Performance Comparison

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

Returns By Period

In the year-to-date period, RGTIW achieves a -48.24% return, which is significantly lower than IONQ's -18.79% return.

RGTIW

• 1D: 0.79%
• 1M: -28.17%
• 6M: -25.23%
• YTD: -48.24%
• 1Y: 10.36%
• 3Y*: 125.72%
• 5Y*: 36.80%
• 10Y*: —
• ALL TIME*: 38.05%

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
RGTIW Rigetti Computing Inc. Warrants	$540.70K	$571.11K	$1.81M

RGTIW vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RGTIW Rigetti Computing Inc. Warrants	-48.24%	75.21%	4,596.30%	66.66%	-96.58%	125.71%
IONQ IonQ, Inc.	-18.79%	7.42%	237.13%	259.13%	-79.34%	59.35%

Correlation

The correlation between RGTIW and IONQ is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021	0.45

Over the past year, RGTIW and IONQ have become more correlated (0.84) than their long-term average of 0.45, meaning their price movements have been converging.

Fundamentals

Market Cap RGTIW : $4.96B IONQ : $13.60B
EPS RGTIW : -$0.70 IONQ : $0.80
PS Ratio RGTIW : 185.66 IONQ : 67.17
PB Ratio RGTIW : 3.30 IONQ : 2.72
Total Revenue (TTM) RGTIW : $10.02M IONQ : $187.12M
Gross Profit (TTM) RGTIW : $3.00M IONQ : $71.25M
EBITDA (TTM) RGTIW : -$263.06M IONQ : $405.86M

Return for Risk

RGTIW vs. IONQ — Risk / Return Rank

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

RGTIW

RGTIW Risk / Return Rank: 54
RGTIW Sharpe Ratio Rank: 46
RGTIW Sortino Ratio Rank: 69
RGTIW Omega Ratio Rank: 63
RGTIW Calmar Ratio Rank: 47
RGTIW Martin Ratio Rank: 46

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.

RGTIW vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rigetti Computing Inc. Warrants (RGTIW) 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.

	RGTIW	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	0.04	-0.09	+0.13
Sortino ratio: Return per unit of downside risk	1.47	0.58	+0.89
Omega ratio: Gain probability vs. loss probability	1.16	1.06	+0.10
Calmar ratio: Return relative to maximum drawdown	0.07	-0.13	+0.20
Martin ratio: Return relative to average drawdown	0.09	-0.21	+0.30

RGTIW vs. IONQ - Sharpe Ratio Comparison

The current RGTIW Sharpe Ratio is 0.04, which is higher than the IONQ Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of RGTIW 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

RGTIW vs. IONQ - Drawdown Comparison

The maximum RGTIW drawdown since its inception was -98.81%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for RGTIW and IONQ.

Drawdown Indicators

	RGTIW	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-98.81%	-90.00%	-8.81%
Max Drawdown (1Y) Largest decline over 1 year	-89.67%	-67.61%	-22.06%
Max Drawdown (3Y) Largest decline over 3 years	-89.67%	-67.61%	-22.06%
Max Drawdown (5Y) Largest decline over 5 years	-98.81%	-90.00%	-8.81%
Current Drawdown Current decline from peak	-87.18%	-55.61%	-31.57%
Average Drawdown Average peak-to-trough decline	-70.36%	-50.76%	-19.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.60%	40.77%	+26.83%

Volatility

RGTIW vs. IONQ - Volatility Comparison

Rigetti Computing Inc. Warrants (RGTIW) has a higher volatility of 45.82% compared to IonQ, Inc. (IONQ) at 23.28%. This indicates that RGTIW'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

	RGTIW	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.82%	23.28%	+22.54%
Volatility (6M) Calculated over the trailing 6-month period	120.40%	69.41%	+50.99%
Volatility (1Y) Calculated over the trailing 1-year period	174.63%	94.92%	+79.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	199.70%	101.41%	+98.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.23%	97.23%	+98.00%

Dividends

RGTIW vs. IONQ - Dividend Comparison

Neither RGTIW nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RGTIW and IONQ in my portfolio?

RGTIW and IONQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGTIW or IONQ?

RGTIW has higher volatility (45.82%) compared to IONQ (23.28%). In terms of maximum drawdown, RGTIW dropped -98.81% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

RGTIW currently has the higher Sharpe Ratio (0.04 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.