BRK-B vs. QBTS
BRK-B (Berkshire Hathaway Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. BRK-B operates in Insurance - Diversified (Financial Services), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, BRK-B returned 13.25%/yr vs 125.25%/yr for QBTS. At a 0.08 correlation, their price movements are largely independent.
Performance
BRK-B vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than QBTS's -1.22% return.
BRK-B
- 1D
- -0.23%
- 1M
- 2.32%
- YTD
- -3.11%
- 6M
- -2.06%
- 1Y
- -1.32%
- 3Y*
- 13.25%
- 5Y*
- 11.03%
- 10Y*
- 13.14%
QBTS
- 1D
- 8.30%
- 1M
- 14.44%
- YTD
- -1.22%
- 6M
- -9.18%
- 1Y
- 38.72%
- 3Y*
- 125.25%
- 5Y*
- —
- 10Y*
- —
BRK-B vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 15.46% | 5.76% |
QBTS D-Wave Quantum Inc | -1.22% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between BRK-B and QBTS is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.08 |
The correlation between BRK-B and QBTS shifts across timeframes, from -0.06 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BRK-B:
$1.05T
QBTS:
$9.49B
BRK-B:
$33.62
QBTS:
-$1.08
BRK-B:
2.80
QBTS:
704.19
BRK-B:
1.44
QBTS:
8.44
BRK-B:
$375.39B
QBTS:
$12.44M
BRK-B:
$94.36B
QBTS:
$8.25M
BRK-B:
$71.92B
QBTS:
-$399.03M
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Return for Risk
BRK-B vs. QBTS — Risk / Return Rank
BRK-B
QBTS
BRK-B vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) 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.
| BRK-B | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.55 | -0.69 |
| Martin ratioReturn relative to average drawdown | -0.30 | 0.96 | -1.26 |
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
| BRK-B | QBTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.36 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.19 | +0.29 |
Drawdowns
BRK-B vs. QBTS - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for BRK-B and QBTS.
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Drawdown Indicators
| BRK-B | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -96.67% | +42.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -71.01% | +61.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -79.17% | +64.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -9.78% | -42.32% | +32.54% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -65.80% | +54.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 40.50% | -36.01% |
Volatility
BRK-B vs. QBTS - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.76%. This indicates that BRK-B 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.
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Volatility by Period
| BRK-B | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 42.76% | -38.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 76.88% | -66.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 108.49% | -94.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 151.19% | -134.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 151.19% | -131.75% |
Dividends
BRK-B vs. QBTS - Dividend Comparison
Neither BRK-B nor QBTS has paid dividends to shareholders.
Financials
BRK-B vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Berkshire Hathaway 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
BRK-B and QBTS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (42.76%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.36 vs -0.09), 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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