IONQ vs SPPL: Correlation
Measured on weekly returns over the past three years, IonQ, Inc. (IONQ) and SIMPPLE LTD. (SPPL) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and SPPL?
Across a 3-year window, the weekly returns of IONQ and SPPL correlate at 0.45, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.45). Stretching to 5 years gives n/a, with an annualized covariance of 7817.1 %².
By 3-year correlation, SPPL places #15 of the 22 assets tracked against IONQ. Correlation aside, the last 12 months split them widely, with IONQ ahead by 33.5 points (+2.5% versus -31.0%). Risk is not evenly split, since SPPL carries 1.7 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.
IONQ vs SPPL: side by side
| IONQ (IonQ, Inc.) | SPPL (SIMPPLE LTD.) | |
|---|---|---|
| 1-year return | +2.5% | -31.0% |
| 5-year return | +325.5% | n/a |
| Volatility (ann.) | 100.0% | 172.3% |
| Beta vs S&P 500 | 3.23 | 3.00 |
| Max drawdown (3Y) | -67.6% | -97.6% |
| Market cap | $17.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IONQ | SPPL |
|---|---|---|
| 2022 | -79.3% | – |
| 2023 | +259.1% | – |
| 2024 | +237.1% | -83.1% |
| 2025 | +7.4% | -46.9% |
| 2026 | -5.4% | -49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and SPPL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IONQ and SPPL?
As of 2026-08-27, the correlation of weekly returns between IONQ and SPPL is 0.45 over 3 years, 0.33 over 1 year and n/a over 5 years.
Is SPPL a good diversifier for IONQ?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: IONQ correlations · SPPL correlations
