EDBL vs IONQ: Correlation
Edible Garden AG Incorporated (EDBL) and IonQ, Inc. (IONQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDBL and IONQ?
On 3 years of weekly data the EDBL/IONQ correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 4965.4 %².
By 3-year correlation, IONQ places #4 of the 10 assets tracked against EDBL. The last year tells two different stories: IONQ led by 102.3 percentage points, -99.8% for EDBL 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.
EDBL vs IONQ: side by side
| EDBL (Edible Garden AG Incorporated) | IONQ (IonQ, Inc.) | |
|---|---|---|
| 1-year return | -99.8% | +2.5% |
| 5-year return | -100.0% | +325.5% |
| Volatility (ann.) | 136.5% | 100.0% |
| Beta vs S&P 500 | 1.62 | 3.23 |
| Max drawdown (3Y) | -100.0% | -67.6% |
| Market cap | – | $17.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDBL | IONQ |
|---|---|---|
| 2022 | – | -79.3% |
| 2023 | -92.0% | +259.1% |
| 2024 | -96.8% | +237.1% |
| 2025 | -92.4% | +7.4% |
| 2026 | -99.5% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDBL and IONQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDBL and IONQ?
The EDBL/IONQ correlation stands at 0.36 on a 3-year window (1 year: 0.27, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is IONQ a good diversifier for EDBL?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/edbl-vs-ionq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edbl-vs-ionq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDBL correlations · IONQ correlations
