IonQ, Inc. (IONQ) — Stock Correlations & Overview
Over the past year, IONQ has moved most closely with IONX, IONL, IONQ.WS. Explore the stocks most correlated and inversely correlated with IONQ below, along with its price, financials, and company profile.
Stocks correlated with IONQ
Correlation of daily returns. Higher positive values move with IONQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with IONQ
| Symbol | Company | Correlation |
|---|---|---|
| IONX | Defiance Daily Target 2X Long IONQ ETF | 1.00 |
| IONL | GraniteShares 2x Long IONQ Daily ETF | 1.00 |
| IONQ.WS | IonQ, Inc. Redeemable warrants, each whole warrant exercisable for one share of Common Stock, each at an exercise price of $11.50 per shareSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.96 |
| QPUX | Defiance 2X Daily Long Pure Quantum ETF | 0.92 |
| RGTX | Defiance Daily Target 2X Long RGTI ETF | 0.86 |
Most inversely correlated with IONQ
| Symbol | Company | Correlation |
|---|---|---|
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.99 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.82 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.80 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.62 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.56 |
Frequently asked questions about IONQ correlations
- Which stocks are most correlated with IONQ?
- Based on one year of daily returns, the stocks most correlated with IonQ, Inc. (IONQ) are IONX (1.00), IONL (1.00) and IONQ.WS (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with IONQ?
- Over the past year, the stocks most inversely correlated with IonQ, Inc. (IONQ) are IONZ (-0.99), RGTZ (-0.82) and QBTZ (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these IONQ correlations calculated?
- We compute the correlation of daily returns between IONQ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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