COIN vs IONQ: Correlation
Measured on weekly returns over the past three years, Coinbase (COIN) and IonQ, Inc. (IONQ) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and IONQ?
Over the past 3 years, COIN and IONQ moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 3871.3 %².
Within COIN's tracked universe of 34 assets, IONQ comes in at #14 by 3-year correlation. The last year tells two different stories: IONQ led by 40.8 percentage points, -38.3% for COIN against +2.5% for IONQ.
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.
COIN vs IONQ: side by side
| COIN (Coinbase) | IONQ (IonQ, Inc.) | |
|---|---|---|
| 1-year return | -38.3% | +2.5% |
| 5-year return | -27.4% | +325.5% |
| Volatility (ann.) | 80.0% | 100.0% |
| Beta vs S&P 500 | 2.66 | 3.23 |
| Max drawdown (3Y) | -66.4% | -67.6% |
| Market cap | $50.3B | $17.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COIN | IONQ |
|---|---|---|
| 2022 | -86.0% | -79.3% |
| 2023 | +391.4% | +259.1% |
| 2024 | +42.8% | +237.1% |
| 2025 | -8.9% | +7.4% |
| 2026 | -15.7% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and IONQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COIN and IONQ?
The COIN/IONQ correlation stands at 0.48 on a 3-year window (1 year: 0.56, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is IONQ a good diversifier for COIN?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coin-vs-ionq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coin-vs-ionq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COIN correlations · IONQ correlations
