IONQ vs VXX: Correlation
How closely do IonQ, Inc. (IONQ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and VXX?
Over the past 3 years, IONQ and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.38 over 1 year against -0.34 over 3. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -2084.2 %².
Out of 22 assets tracked against IONQ, VXX lands near the bottom at #20. The last year tells two different stories: IONQ led by 52.2 percentage points, +2.5% for IONQ against -49.7% for VXX. Risk is not evenly split, since IONQ carries 1.6 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 VXX: side by side
| IONQ (IonQ, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.5% | -49.7% |
| 5-year return | +325.5% | -95.6% |
| Volatility (ann.) | 100.0% | 60.9% |
| Beta vs S&P 500 | 3.23 | -3.31 |
| Max drawdown (3Y) | -67.6% | -83.3% |
| 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 | VXX |
|---|---|---|
| 2022 | -79.3% | -23.8% |
| 2023 | +259.1% | -72.5% |
| 2024 | +237.1% | -26.2% |
| 2025 | +7.4% | -42.2% |
| 2026 | -5.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between IONQ and VXX?
The IONQ/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.38, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IONQ?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ionq-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IONQ correlations · VXX correlations
