IONQ vs TSLA: Correlation
How closely do IonQ, Inc. (IONQ) and Tesla, Inc. (TSLA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and TSLA?
On 3 years of weekly data the IONQ/TSLA correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 2830.7 %².
By 3-year correlation, TSLA places #9 of the 22 assets tracked against IONQ. Their 12-month results are close: +2.5% for IONQ against +1.5% for TSLA. Risk is not evenly split, since IONQ carries 1.9 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 TSLA: side by side
| IONQ (IonQ, Inc.) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +2.5% | +1.5% |
| 5-year return | +325.5% | +45.6% |
| Volatility (ann.) | 100.0% | 53.9% |
| Beta vs S&P 500 | 3.23 | 1.87 |
| Max drawdown (3Y) | -67.6% | -53.8% |
| Market cap | $17.2B | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | IONQ | TSLA |
|---|---|---|
| 2022 | -79.3% | -65.0% |
| 2023 | +259.1% | +101.7% |
| 2024 | +237.1% | +62.5% |
| 2025 | +7.4% | +11.4% |
| 2026 | -5.4% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and TSLA good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IONQ and TSLA?
As of 2026-08-27, the correlation of weekly returns between IONQ and TSLA is 0.53 over 3 years, 0.63 over 1 year and 0.49 over 5 years.
Is TSLA a good diversifier for IONQ?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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/ionq-vs-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ionq-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IONQ correlations · TSLA correlations
