CB vs. QBTS

Last updated Jun 9, 2026

CB (Chubb Limited) and QBTS (D-Wave Quantum Inc) are both stocks. CB operates in Insurance - Property & Casualty (Financial Services), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, CB returned 20.64%/yr vs 125.25%/yr for QBTS. At a correlation of -0.06, they often move in opposite directions.

Performance

CB vs. QBTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chubb Limited (CB) and D-Wave Quantum Inc (QBTS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CB achieves a 3.43% return, which is significantly higher than QBTS's -1.22% return.

CB

• 1D: -1.35%
• 1M: 0.70%
• YTD: 3.43%
• 6M: 8.96%
• 1Y: 10.97%
• 3Y*: 20.64%
• 5Y*: 15.72%
• 10Y*: 11.89%

QBTS

• 1D: 8.30%
• 1M: 14.44%
• YTD: -1.22%
• 6M: -9.18%
• 1Y: 38.72%
• 3Y*: 125.25%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CB vs. QBTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CB Chubb Limited	3.43%	14.46%	23.89%	4.20%	20.01%
QBTS D-Wave Quantum Inc	-1.22%	211.31%	854.44%	-38.88%	-83.96%

Correlation

The correlation between CB and QBTS is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	-0.06

Fundamentals

Market Cap CB : $127.01B QBTS : $9.49B
EPS CB : $28.35 QBTS : -$1.08
PS Ratio CB : 2.67 QBTS : 704.19
PB Ratio CB : 1.59 QBTS : 8.44
Total Revenue (TTM) CB : $48.15B QBTS : $12.44M
Gross Profit (TTM) CB : $17.01B QBTS : $8.25M
EBITDA (TTM) CB : $12.22B QBTS : -$399.03M

Return for Risk

CB vs. QBTS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CB

CB Risk / Return Rank: 61
CB Sharpe Ratio Rank: 63
CB Sortino Ratio Rank: 55
CB Omega Ratio Rank: 54
CB Calmar Ratio Rank: 65
CB Martin Ratio Rank: 66

QBTS

QBTS Risk / Return Rank: 57
QBTS Sharpe Ratio Rank: 55
QBTS Sortino Ratio Rank: 65
QBTS Omega Ratio Rank: 58
QBTS Calmar Ratio Rank: 55
QBTS Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CB vs. QBTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chubb Limited (CB) 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.

	CB	QBTS	Difference
Sharpe ratio: Return per unit of total volatility	0.62	0.36	+0.26
Sortino ratio: Return per unit of downside risk	1.03	1.39	-0.36
Omega ratio: Gain probability vs. loss probability	1.12	1.15	-0.02
Calmar ratio: Return relative to maximum drawdown	1.18	0.55	+0.63
Martin ratio: Return relative to average drawdown	2.70	0.96	+1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CB vs. QBTS - Sharpe Ratio Comparison

The current CB Sharpe Ratio is 0.62, which is higher than the QBTS Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of CB and QBTS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CB	QBTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	0.36	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.19	+0.21

Drawdowns

CB vs. QBTS - Drawdown Comparison

The maximum CB drawdown since its inception was -50.99%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for CB and QBTS.

Drawdown Indicators

	CB	QBTS	Difference
Max Drawdown Largest peak-to-trough decline	-50.99%	-96.67%	+45.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-71.01%	+61.65%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	-79.17%	+64.82%
Max Drawdown (5Y) Largest decline over 5 years	-19.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.59%	—	—
Current Drawdown Current decline from peak	-5.81%	-42.32%	+36.51%
Average Drawdown Average peak-to-trough decline	-10.68%	-65.80%	+55.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	40.50%	-35.98%

Volatility

CB vs. QBTS - Volatility Comparison

The current volatility for Chubb Limited (CB) is 6.11%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.76%. This indicates that CB 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.

Volatility by Period

	CB	QBTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	42.76%	-36.65%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	76.88%	-63.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	108.49%	-90.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.34%	151.19%	-130.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.69%	151.19%	-127.50%

Dividends

CB vs. QBTS - Dividend Comparison

CB's dividend yield for the trailing twelve months is around 1.21%, while QBTS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CB Chubb Limited	1.21%	1.22%	1.30%	1.51%	1.49%	1.65%	2.01%	1.91%	2.24%	1.93%	2.07%	4.23%
QBTS D-Wave Quantum Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CB and QBTS in my portfolio?

CB and QBTS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CB or QBTS?

QBTS has higher volatility (42.76%) compared to CB (6.11%). In terms of maximum drawdown, CB dropped -50.99% vs QBTS's -96.67%.

Which has better risk-adjusted returns?

CB currently has the higher Sharpe Ratio (0.62 vs 0.36), 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.