CLG.AX vs. QBTS
CLG.AX (Close the Loop Ltd) and QBTS (D-Wave Quantum Inc) are both stocks. CLG.AX operates in Waste Management (Industrials), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, CLG.AX returned -56.91%/yr vs 115.67%/yr for QBTS. At a 0.00 correlation, their price movements are largely independent.
Performance
CLG.AX vs. QBTS - Performance Comparison
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Different Trading Currencies
CLG.AX is traded in AUD, while QBTS is traded in USD. To make them comparable, the QBTS values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLG.AX achieves a -10.53% return, which is significantly higher than QBTS's -13.64% return.
CLG.AX
- 1D
- -5.56%
- 1M
- 70.00%
- YTD
- -10.53%
- 6M
- -15.00%
- 1Y
- -50.72%
- 3Y*
- -56.91%
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- -12.65%
- 1M
- 2.81%
- YTD
- -13.64%
- 6M
- -16.78%
- 1Y
- 33.64%
- 3Y*
- 115.67%
- 5Y*
- —
- 10Y*
- —
CLG.AX vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CLG.AX Close the Loop Ltd | -10.53% | -83.83% | -38.16% | -1.30% | -16.30% |
QBTS D-Wave Quantum Inc | -13.64% | 188.71% | 950.48% | -38.84% | -85.25% |
Correlation
The correlation between CLG.AX and QBTS is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.00 |
The correlation between CLG.AX and QBTS shifts across timeframes, from 0.00 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLG.AX vs. QBTS — Risk / Return Rank
CLG.AX
QBTS
CLG.AX vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Close the Loop Ltd (CLG.AX) 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.
| CLG.AX | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.14 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.47 | -1.21 |
| Martin ratioReturn relative to average drawdown | -1.10 | 0.80 | -1.89 |
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
| CLG.AX | QBTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 0.32 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.17 | -0.63 |
Drawdowns
CLG.AX vs. QBTS - Drawdown Comparison
The maximum CLG.AX drawdown since its inception was -96.16%, roughly equal to the maximum QBTS drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for CLG.AX and QBTS.
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Drawdown Indicators
| CLG.AX | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -96.55% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -72.46% | -72.44% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -96.16% | -77.73% | -18.43% |
Current DrawdownCurrent decline from peak | -93.13% | -50.79% | -42.34% |
Average DrawdownAverage peak-to-trough decline | -45.83% | -65.12% | +19.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.86% | 42.36% | +5.50% |
Volatility
CLG.AX vs. QBTS - Volatility Comparison
Close the Loop Ltd (CLG.AX) has a higher volatility of 47.51% compared to D-Wave Quantum Inc (QBTS) at 42.08%. This indicates that CLG.AX'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
| CLG.AX | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.51% | 42.08% | +5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 82.25% | 75.59% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 124.52% | 107.09% | +17.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.85% | 150.47% | -67.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 150.47% | -67.62% |
Dividends
CLG.AX vs. QBTS - Dividend Comparison
Neither CLG.AX nor QBTS has paid dividends to shareholders.
Financials
CLG.AX vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Close the Loop Ltd 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
CLG.AX and QBTS have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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