WAVES-USD vs. IONQ

In the year-to-date period, WAVES-USD achieves a 14.98% return, which is significantly higher than IONQ's -19.20% return.

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This table presents a comparison of risk-adjusted performance metrics for Waves (WAVES-USD) 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.

The current WAVES-USD Sharpe Ratio is 0.71, which is lower than the IONQ Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of WAVES-USD and IONQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum WAVES-USD drawdown since its inception was -98.41%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for WAVES-USD and IONQ. For additional features, visit the drawdowns tool.

Waves (WAVES-USD) has a higher volatility of 35.37% compared to IonQ, Inc. (IONQ) at 17.50%. This indicates that WAVES-USD'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.