BKLC vs. QBTS
BKLC (BNY Mellon US Large Cap Core Equity ETF) is Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while QBTS (D-Wave Quantum Inc) is a stock. Over the past 3 years, BKLC returned 21.79%/yr vs 123.62%/yr for QBTS. At a 0.34 correlation, their price movements are largely independent.
Performance
BKLC vs. QBTS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BKLC achieves a 9.04% return, which is significantly higher than QBTS's -10.63% return.
BKLC
- 1D
- 0.43%
- 1M
- 0.06%
- YTD
- 9.04%
- 6M
- 9.42%
- 1Y
- 24.38%
- 3Y*
- 21.79%
- 5Y*
- 13.79%
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
BKLC vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 9.04% | 18.06% | 25.56% | 30.88% | -7.83% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between BKLC and QBTS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.34 |
The correlation between BKLC and QBTS shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BKLC vs. QBTS — Risk / Return Rank
BKLC
QBTS
BKLC vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Large Cap Core Equity ETF (BKLC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKLC | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.67 | +2.02 |
| Martin ratioReturn relative to average drawdown | 11.95 | 1.16 | +10.78 |
Loading charts...
Drawdowns
BKLC vs. QBTS - Drawdown Comparison
The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for BKLC and QBTS.
Loading charts...
Drawdown Indicators
| BKLC | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -96.67% | +70.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -71.01% | +61.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -79.17% | +60.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | — | — |
Current DrawdownCurrent decline from peak | -2.43% | -47.81% | +45.38% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -65.66% | +60.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 40.64% | -38.59% |
Volatility
BKLC vs. QBTS - Volatility Comparison
The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 4.60%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that BKLC experiences smaller price fluctuations and is considered to be less risky than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BKLC | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 42.66% | -38.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 76.89% | -67.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 108.46% | -95.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 150.99% | -133.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 150.99% | -133.52% |
Dividends
BKLC vs. QBTS - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.03%, while QBTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.03% | 1.05% | 1.22% | 1.35% | 1.64% | 1.10% | 0.84% |
QBTS D-Wave Quantum Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKLC and QBTS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (42.66%) compared to BKLC (4.60%). In terms of maximum drawdown, BKLC dropped -26.14% vs QBTS's -96.67%.
BKLC currently has the higher Sharpe Ratio (1.94 vs 0.44), 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.
Find the right allocation for BKLC and QBTS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer