ARKK vs IONQ: Correlation
ARK Innovation ETF (ARKK) and IonQ, Inc. (IONQ) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and IONQ?
On 3 years of weekly data the ARKK/IONQ correlation comes out at 0.61, strong. The past 12 months show a tighter link (0.77) than the 3-year average (0.61). The 5-year figure is 0.57, and annualized covariance runs at 2369.5 %².
Within ARKK's tracked universe of 122 assets, IONQ comes in at #32 by 3-year correlation. On 12-month performance ARKK holds a 13.2-point edge, +15.7% against +2.5%. Risk is not evenly split, since IONQ carries 2.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARKK vs IONQ: side by side
| ARKK (ARK Innovation ETF) | IONQ (IonQ, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +2.5% |
| 5-year return | -27.7% | +325.5% |
| Volatility (ann.) | 38.8% | 100.0% |
| Beta vs S&P 500 | 2.07 | 3.23 |
| Max drawdown (3Y) | -39.6% | -67.6% |
| Market cap | – | $17.2B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | IONQ |
|---|---|---|
| 2022 | -67.0% | -79.3% |
| 2023 | +69.0% | +259.1% |
| 2024 | +8.4% | +237.1% |
| 2025 | +35.5% | +7.4% |
| 2026 | +13.6% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and IONQ good diversifiers for each other?
Only partially. A correlation of 0.61 means ARKK and IONQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARKK and IONQ?
The ARKK/IONQ correlation stands at 0.61 on a 3-year window (1 year: 0.77, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is IONQ a good diversifier for ARKK?
Only partially. A correlation of 0.61 means ARKK and IONQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-ionq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-ionq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · IONQ correlations
