IONQ vs VXZ: Correlation
How closely do IonQ, Inc. (IONQ) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IONQ and VXZ?
Across a 3-year window, the weekly returns of IONQ and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -885.4 %².
Out of 22 assets tracked against IONQ, VXZ lands near the bottom at #21. Correlation aside, the last 12 months split them widely, with IONQ ahead by 18.6 points (+2.5% versus -16.1%). One caveat on sizing: IONQ is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VXZ: side by side
| IONQ (IonQ, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.5% | -16.1% |
| 5-year return | +325.5% | -53.1% |
| Volatility (ann.) | 100.0% | 25.6% |
| Beta vs S&P 500 | 3.23 | -1.31 |
| Max drawdown (3Y) | -67.6% | -36.4% |
| Market cap | $17.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IONQ | VXZ |
|---|---|---|
| 2022 | -79.3% | +0.5% |
| 2023 | +259.1% | -44.0% |
| 2024 | +237.1% | -12.7% |
| 2025 | +7.4% | +5.7% |
| 2026 | -5.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IONQ and VXZ good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IONQ and VXZ?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.36 over the last year and -0.35 over 5 years.
Is VXZ a good diversifier for IONQ?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ionq-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IONQ correlations · VXZ correlations
