ABVE vs. QBTS
ABVE (Above Food Ingredients Inc) and QBTS (D-Wave Quantum Inc) are both stocks. ABVE operates in Packaged Foods (Consumer Defensive), while QBTS operates in Computer Hardware (Technology). Over the past year, ABVE returned -88.53% vs 38.72% for QBTS. At a 0.21 correlation, their price movements are largely independent.
Performance
ABVE vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, ABVE achieves a -93.01% return, which is significantly lower than QBTS's -1.22% return.
ABVE
- 1D
- 0.00%
- 1M
- -81.90%
- YTD
- -93.01%
- 6M
- -95.63%
- 1Y
- -88.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- 8.30%
- 1M
- 14.44%
- YTD
- -1.22%
- 6M
- -9.18%
- 1Y
- 38.72%
- 3Y*
- 125.25%
- 5Y*
- —
- 10Y*
- —
ABVE vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ABVE Above Food Ingredients Inc | -93.01% | 201.85% | -91.63% |
QBTS D-Wave Quantum Inc | -1.22% | 211.31% | 636.84% |
Correlation
The correlation between ABVE and QBTS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024 | 0.21 |
Fundamentals
ABVE:
$139.75M
QBTS:
$12.44M
ABVE:
-$6.48M
QBTS:
$8.25M
ABVE:
-$26.97M
QBTS:
-$399.03M
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Return for Risk
ABVE vs. QBTS — Risk / Return Rank
ABVE
QBTS
ABVE vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Above Food Ingredients Inc (ABVE) and D-Wave Quantum Inc (QBTS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ABVE | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.55 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.42 | 0.96 | -2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABVE | QBTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 0.36 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.19 | -0.45 |
Drawdowns
ABVE vs. QBTS - Drawdown Comparison
The maximum ABVE drawdown since its inception was -97.84%, roughly equal to the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for ABVE and QBTS.
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Drawdown Indicators
| ABVE | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.84% | -96.67% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -97.84% | -71.01% | -26.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -79.17% | — |
Current DrawdownCurrent decline from peak | -97.84% | -42.32% | -55.52% |
Average DrawdownAverage peak-to-trough decline | -73.39% | -65.80% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.25% | 40.50% | +21.75% |
Volatility
ABVE vs. QBTS - Volatility Comparison
Above Food Ingredients Inc (ABVE) has a higher volatility of 166.45% compared to D-Wave Quantum Inc (QBTS) at 42.76%. This indicates that ABVE's price experiences larger fluctuations and is considered to be riskier than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABVE | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 166.45% | 42.76% | +123.69% |
Volatility (6M)Calculated over the trailing 6-month period | 201.15% | 76.88% | +124.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 413.54% | 108.49% | +305.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 322.36% | 151.19% | +171.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 322.36% | 151.19% | +171.17% |
Dividends
ABVE vs. QBTS - Dividend Comparison
Neither ABVE nor QBTS has paid dividends to shareholders.
Financials
ABVE vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Above Food Ingredients Inc and D-Wave Quantum Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ABVE and QBTS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABVE has higher volatility (166.45%) compared to QBTS (42.76%). In terms of maximum drawdown, ABVE dropped -97.84% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.36 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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