CRWV vs. QBTS
CRWV (CoreWeave, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. Both are in the Technology sector — CRWV in Software - Infrastructure, QBTS in Computer Hardware. Over the past year, CRWV returned -32.50% vs 47.17% for QBTS. At a 0.43 correlation, their price movements are largely independent.
Performance
CRWV vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, CRWV achieves a 40.41% return, which is significantly higher than QBTS's -10.63% return.
CRWV
- 1D
- 5.02%
- 1M
- -9.67%
- YTD
- 40.41%
- 6M
- 27.94%
- 1Y
- -32.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
CRWV vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWV CoreWeave, Inc. | 40.41% | 83.62% |
QBTS D-Wave Quantum Inc | -10.63% | 224.44% |
Correlation
The correlation between CRWV and QBTS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.43 |
Fundamentals
CRWV:
$52.99B
QBTS:
$8.59B
CRWV:
-$3.27
QBTS:
-$1.08
CRWV:
7.86
QBTS:
637.12
CRWV:
11.13
QBTS:
7.64
CRWV:
$6.23B
QBTS:
$12.44M
CRWV:
$4.32B
QBTS:
$8.25M
CRWV:
$1.89B
QBTS:
-$399.03M
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Return for Risk
CRWV vs. QBTS — Risk / Return Rank
CRWV
QBTS
CRWV vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreWeave, Inc. (CRWV) 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.
| CRWV | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.16 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.67 | -1.17 |
| Martin ratioReturn relative to average drawdown | -0.74 | 1.16 | -1.90 |
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Drawdowns
CRWV vs. QBTS - Drawdown Comparison
The maximum CRWV drawdown since its inception was -64.84%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for CRWV and QBTS.
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Drawdown Indicators
| CRWV | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.84% | -96.67% | +31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -64.84% | -71.01% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -79.17% | — |
Current DrawdownCurrent decline from peak | -45.23% | -47.81% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -37.21% | -65.66% | +28.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.12% | 40.64% | +3.48% |
Volatility
CRWV vs. QBTS - Volatility Comparison
The current volatility for CoreWeave, Inc. (CRWV) is 22.46%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that CRWV 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
| CRWV | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.46% | 42.66% | -20.20% |
Volatility (6M)Calculated over the trailing 6-month period | 68.17% | 76.89% | -8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.32% | 108.46% | -14.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.84% | 150.99% | -37.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.84% | 150.99% | -37.15% |
Dividends
CRWV vs. QBTS - Dividend Comparison
Neither CRWV nor QBTS has paid dividends to shareholders.
Financials
CRWV vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between CoreWeave, 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
CRWV and QBTS have a correlation of 0.47, 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 CRWV (22.46%). In terms of maximum drawdown, CRWV dropped -64.84% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 vs -0.35), 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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