IONQ vs PLTR: Correlation
IonQ, Inc. (IONQ) and Palantir Technologies (PLTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and PLTR?
On 3 years of weekly data the IONQ/PLTR correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.54 over 3. The 5-year figure is 0.53, and annualized covariance runs at 3833.6 %².
By 3-year correlation, PLTR places #8 of the 22 assets tracked against IONQ. Correlation aside, the last 12 months split them widely, with PLTR ahead by 16.1 points (+2.5% versus +18.6%).
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.
IONQ vs PLTR: side by side
| IONQ (IonQ, Inc.) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +2.5% | +18.6% |
| 5-year return | +325.5% | +621.8% |
| Volatility (ann.) | 100.0% | 71.3% |
| Beta vs S&P 500 | 3.23 | 2.47 |
| Max drawdown (3Y) | -67.6% | -48.2% |
| Market cap | $17.2B | $446.8B |
| P/E (trailing) | – | 151.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | IONQ | PLTR |
|---|---|---|
| 2022 | -79.3% | -64.7% |
| 2023 | +259.1% | +167.4% |
| 2024 | +237.1% | +340.5% |
| 2025 | +7.4% | +135.0% |
| 2026 | -5.4% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and PLTR good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IONQ and PLTR?
The IONQ/PLTR correlation stands at 0.54 on a 3-year window (1 year: 0.54, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is PLTR a good diversifier for IONQ?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IONQ correlations · PLTR correlations
