TNYA vs. IONQ
TNYA (Tenaya Therapeutics, Inc.) and IONQ (IonQ, Inc.) are both stocks. TNYA operates in Biotechnology (Healthcare), while IONQ operates in Computer Hardware (Technology). Over the past 3 years, TNYA returned -50.41%/yr vs 83.95%/yr for IONQ. At a 0.28 correlation, their price movements are largely independent.
Performance
TNYA vs. IONQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TNYA achieves a -1.62% return, which is significantly lower than IONQ's 29.98% return.
TNYA
- 1D
- -4.19%
- 1M
- -9.39%
- YTD
- -1.62%
- 6M
- -7.54%
- 1Y
- 19.23%
- 3Y*
- -50.41%
- 5Y*
- —
- 10Y*
- —
IONQ
- 1D
- 3.13%
- 1M
- -8.36%
- YTD
- 29.98%
- 6M
- 8.28%
- 1Y
- 44.50%
- 3Y*
- 83.95%
- 5Y*
- 41.98%
- 10Y*
- —
TNYA vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TNYA Tenaya Therapeutics, Inc. | -1.62% | -50.24% | -55.86% | 61.19% | -89.39% | -2.82% |
IONQ IonQ, Inc. | 29.98% | 7.42% | 237.13% | 259.13% | -79.34% | 68.52% |
Correlation
The correlation between TNYA and IONQ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021 | 0.28 |
Fundamentals
TNYA:
$151.82M
IONQ:
$21.65B
TNYA:
-$0.48
IONQ:
$0.86
TNYA:
541.33
IONQ:
100.18
TNYA:
1.43
IONQ:
4.35
TNYA:
$225.00K
IONQ:
$187.12M
TNYA:
$0.00
IONQ:
$71.25M
TNYA:
-$78.62M
IONQ:
$405.86M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TNYA vs. IONQ — Risk / Return Rank
TNYA
IONQ
TNYA vs. IONQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tenaya Therapeutics, Inc. (TNYA) 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.
| TNYA | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.66 | -0.40 |
| Martin ratioReturn relative to average drawdown | 0.40 | 1.19 | -0.79 |
Loading charts...
Drawdowns
TNYA vs. IONQ - Drawdown Comparison
The maximum TNYA drawdown since its inception was -98.69%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for TNYA and IONQ.
Loading charts...
Drawdown Indicators
| TNYA | IONQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.69% | -90.00% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -73.81% | -67.61% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -94.30% | -67.61% | -26.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.00% | — |
Current DrawdownCurrent decline from peak | -97.63% | -28.96% | -68.67% |
Average DrawdownAverage peak-to-trough decline | -82.21% | -50.80% | -31.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.53% | 37.44% | +11.09% |
Volatility
TNYA vs. IONQ - Volatility Comparison
The current volatility for Tenaya Therapeutics, Inc. (TNYA) is 18.97%, while IonQ, Inc. (IONQ) has a volatility of 30.22%. This indicates that TNYA 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.
Loading charts...
Volatility by Period
| TNYA | IONQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.97% | 30.22% | -11.25% |
Volatility (6M)Calculated over the trailing 6-month period | 70.28% | 68.14% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.53% | 93.98% | +17.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.09% | 100.68% | +8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.09% | 97.47% | +11.62% |
Dividends
TNYA vs. IONQ - Dividend Comparison
Neither TNYA nor IONQ has paid dividends to shareholders.
Financials
TNYA vs. IONQ - Financials Comparison
This section allows you to compare key financial metrics between Tenaya Therapeutics, 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
TNYA and IONQ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IONQ has higher volatility (30.22%) compared to TNYA (18.97%). In terms of maximum drawdown, TNYA dropped -98.69% vs IONQ's -90.00%.
IONQ currently has the higher Sharpe Ratio (0.48 vs 0.17), 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.
Find the right allocation for TNYA and IONQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer