IONQ vs TE: Correlation
Measured on weekly returns over the past three years, IonQ, Inc. (IONQ) and T1 Energy Inc. (TE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and TE?
Over the past 3 years, IONQ and TE moved with a correlation of 0.47, which is moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.47). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 6002.5 %².
By 3-year correlation, TE places #14 of the 22 assets tracked against IONQ. Correlation aside, the last 12 months split them widely, with TE ahead by 211.4 points (+2.5% versus +213.9%).
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 TE: side by side
| IONQ (IonQ, Inc.) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | +2.5% | +213.9% |
| 5-year return | +325.5% | -44.5% |
| Volatility (ann.) | 100.0% | 127.8% |
| Beta vs S&P 500 | 3.23 | 2.71 |
| Max drawdown (3Y) | -67.6% | -85.5% |
| Market cap | $17.2B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IONQ | TE |
|---|---|---|
| 2022 | -79.3% | -22.4% |
| 2023 | +259.1% | -78.5% |
| 2024 | +237.1% | +38.0% |
| 2025 | +7.4% | +158.9% |
| 2026 | -5.4% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and TE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IONQ and TE?
As of 2026-08-27, the correlation of weekly returns between IONQ and TE is 0.47 over 3 years, 0.32 over 1 year and 0.45 over 5 years.
Is TE a good diversifier for IONQ?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/ionq-vs-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ionq-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IONQ correlations · TE correlations
