IONQ vs QBTS: Correlation
IonQ, Inc. (IONQ) and D-Wave Quantum Inc. (QBTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and QBTS?
Across a 3-year window, the weekly returns of IONQ and QBTS correlate at 0.58, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.82 versus 0.58 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 8320.8 %².
QBTS is one of the assets that tracks IONQ most closely: it ranks #2 out of the 22 assets we track against IONQ. The last year tells two different stories: QBTS led by 15.0 percentage points, +2.5% for IONQ against +17.5% for QBTS.
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 QBTS: side by side
| IONQ (IonQ, Inc.) | QBTS (D-Wave Quantum Inc.) | |
|---|---|---|
| 1-year return | +2.5% | +17.5% |
| 5-year return | +325.5% | +84.0% |
| Volatility (ann.) | 100.0% | 143.4% |
| Beta vs S&P 500 | 3.23 | 2.86 |
| Max drawdown (3Y) | -67.6% | -71.0% |
| Market cap | $17.2B | $6.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IONQ | QBTS |
|---|---|---|
| 2022 | -79.3% | -85.3% |
| 2023 | +259.1% | -38.9% |
| 2024 | +237.1% | +854.5% |
| 2025 | +7.4% | +211.3% |
| 2026 | -5.4% | -31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and QBTS good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IONQ and QBTS?
The IONQ/QBTS correlation stands at 0.58 on a 3-year window (1 year: 0.82, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QBTS a good diversifier for IONQ?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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/ionq-vs-qbts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ionq-vs-qbts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IONQ correlations · QBTS correlations
