VST vs. IONQ

Last updated Jun 13, 2026

VST (Vistra Corp.) and IONQ (IonQ, Inc.) are both stocks. VST operates in Utilities - Independent Power Producers (Utilities), while IONQ operates in Computer Hardware (Technology). Over the past 5 years, VST returned 54.40%/yr vs 40.49%/yr for IONQ. At a 0.29 correlation, their price movements are largely independent.

Performance

VST vs. IONQ - Performance Comparison

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

Returns By Period

In the year-to-date period, VST achieves a -8.13% return, which is significantly lower than IONQ's 28.93% return.

VST

• 1D: 1.12%
• 1M: 5.97%
• YTD: -8.13%
• 6M: -12.74%
• 1Y: -14.37%
• 3Y*: 83.39%
• 5Y*: 54.40%
• 10Y*: —

IONQ

• 1D: -0.24%
• 1M: 11.36%
• YTD: 28.93%
• 6M: 14.90%
• 1Y: 52.88%
• 3Y*: 75.90%
• 5Y*: 40.49%
• 10Y*: —

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

VST vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VST Vistra Corp.	-8.13%	17.66%	261.52%	70.73%	5.08%	19.57%
IONQ IonQ, Inc.	28.93%	7.42%	237.13%	259.13%	-79.34%	50.11%

Correlation

The correlation between VST and IONQ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.29

Fundamentals

EPS VST : $8.60 IONQ : $0.86
PE Ratio VST : 17.20 IONQ : 67.11
PS Ratio VST : 2.19 IONQ : 99.37
Total Revenue (TTM) VST : $17.20B IONQ : $187.12M
Gross Profit (TTM) VST : $1.12B IONQ : $71.25M
EBITDA (TTM) VST : $4.34B IONQ : $405.86M

Return for Risk

VST vs. IONQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VST

VST Risk / Return Rank: 30
VST Sharpe Ratio Rank: 30
VST Sortino Ratio Rank: 29
VST Omega Ratio Rank: 29
VST Calmar Ratio Rank: 31
VST Martin Ratio Rank: 30

IONQ

IONQ Risk / Return Rank: 61
IONQ Sharpe Ratio Rank: 61
IONQ Sortino Ratio Rank: 66
IONQ Omega Ratio Rank: 62
IONQ Calmar Ratio Rank: 59
IONQ Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VST vs. IONQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vistra Corp. (VST) 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.

	VST	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.53	-0.83
Sortino ratio: Return per unit of downside risk	-0.11	1.43	-1.54
Omega ratio: Gain probability vs. loss probability	0.99	1.16	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.38	0.73	-1.12
Martin ratio: Return relative to average drawdown	-0.70	1.33	-2.03

VST vs. IONQ - Sharpe Ratio Comparison

The current VST Sharpe Ratio is -0.30, which is lower than the IONQ Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of VST 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

VST vs. IONQ - Drawdown Comparison

The maximum VST drawdown since its inception was -53.32%, smaller than the maximum IONQ drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for VST and IONQ.

Drawdown Indicators

	VST	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-53.32%	-90.00%	+36.68%
Max Drawdown (1Y) Largest decline over 1 year	-38.01%	-67.61%	+29.60%
Max Drawdown (3Y) Largest decline over 3 years	-48.80%	-67.61%	+18.81%
Max Drawdown (5Y) Largest decline over 5 years	-48.80%	-90.00%	+41.20%
Current Drawdown Current decline from peak	-31.89%	-29.53%	-2.36%
Average Drawdown Average peak-to-trough decline	-13.72%	-50.88%	+37.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.73%	37.20%	-16.47%

Volatility

VST vs. IONQ - Volatility Comparison

The current volatility for Vistra Corp. (VST) is 15.14%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that VST 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.

Volatility by Period

	VST	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.14%	31.60%	-16.46%
Volatility (6M) Calculated over the trailing 6-month period	37.96%	68.80%	-30.84%
Volatility (1Y) Calculated over the trailing 1-year period	48.75%	93.28%	-44.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.97%	100.48%	-52.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.22%	97.53%	-55.31%

Dividends

VST vs. IONQ - Dividend Comparison

VST's dividend yield for the trailing twelve months is around 0.61%, while IONQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VST Vistra Corp.	0.61%	0.56%	0.63%	2.13%	3.12%	2.64%	2.75%	2.17%	0.00%	0.00%	14.97%

Financials

Frequently Asked Questions

Can I hold both VST and IONQ in my portfolio?

VST and IONQ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VST or IONQ?

IONQ has higher volatility (31.60%) compared to VST (15.14%). In terms of maximum drawdown, VST dropped -53.32% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

IONQ currently has the higher Sharpe Ratio (0.53 vs -0.30), 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.