EBON vs. QUBT

Last updated Jun 5, 2026

EBON (Ebang International Holdings Inc.) and QUBT (Quantum Computing, Inc.) are both stocks. Both operate in the Computer Hardware industry within the Technology sector. Over the past 5 years, EBON returned -53.87%/yr vs 14.81%/yr for QUBT. At a 0.24 correlation, their price movements are largely independent.

Performance

EBON vs. QUBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ebang International Holdings Inc. (EBON) and Quantum Computing, Inc. (QUBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBON achieves a -31.63% return, which is significantly lower than QUBT's 9.06% return.

EBON

• 1D: -2.70%
• 1M: -9.04%
• YTD: -31.63%
• 6M: -40.55%
• 1Y: -42.53%
• 3Y*: -31.26%
• 5Y*: -53.87%
• 10Y*: —

QUBT

• 1D: -0.09%
• 1M: 17.05%
• YTD: 9.06%
• 6M: -17.60%
• 1Y: -12.78%
• 3Y*: 106.00%
• 5Y*: 14.81%
• 10Y*: —

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

EBON vs. QUBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EBON Ebang International Holdings Inc.	-31.63%	-46.50%	-62.61%	425.77%	-90.58%	-83.03%	21.40%
QUBT Quantum Computing, Inc.	9.06%	-38.01%	1,712.51%	-39.53%	-55.72%	-75.83%	407.55%

Correlation

The correlation between EBON and QUBT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 29, 2020	0.24

Fundamentals

Market Cap EBON : $13.14M QUBT : $2.51B
EPS EBON : -$5.47 QUBT : -$0.21
PS Ratio EBON : 1.06 QUBT : 483.00
PB Ratio EBON : 0.05 QUBT : 1.57
Total Revenue (TTM) EBON : $12.41M QUBT : $4.33M
Gross Profit (TTM) EBON : $1.58M QUBT : -$667.00K
EBITDA (TTM) EBON : -$50.59M QUBT : -$52.52M

Return for Risk

EBON vs. QUBT — Risk / Return Rank

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

EBON

EBON Risk / Return Rank: 20
EBON Sharpe Ratio Rank: 19
EBON Sortino Ratio Rank: 21
EBON Omega Ratio Rank: 22
EBON Calmar Ratio Rank: 19
EBON Martin Ratio Rank: 19

QUBT

QUBT Risk / Return Rank: 40
QUBT Sharpe Ratio Rank: 37
QUBT Sortino Ratio Rank: 46
QUBT Omega Ratio Rank: 43
QUBT Calmar Ratio Rank: 36
QUBT Martin Ratio Rank: 37

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.

EBON vs. QUBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ebang International Holdings Inc. (EBON) and Quantum Computing, Inc. (QUBT). 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.

	EBON	QUBT	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.12	-0.40
Sortino ratio: Return per unit of downside risk	-0.46	0.65	-1.11
Omega ratio: Gain probability vs. loss probability	0.95	1.07	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.62	-0.17	-0.45
Martin ratio: Return relative to average drawdown	-1.09	-0.27	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBON vs. QUBT - Sharpe Ratio Comparison

The current EBON Sharpe Ratio is -0.52, which is lower than the QUBT Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of EBON and QUBT, 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

	EBON	QUBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	-0.12	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	0.11	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	0.06	-0.54

Drawdowns

EBON vs. QUBT - Drawdown Comparison

The maximum EBON drawdown since its inception was -99.51%, roughly equal to the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for EBON and QUBT.

Drawdown Indicators

	EBON	QUBT	Difference
Max Drawdown Largest peak-to-trough decline	-99.51%	-97.53%	-1.98%
Max Drawdown (1Y) Largest decline over 1 year	-68.27%	-74.37%	+6.10%
Max Drawdown (3Y) Largest decline over 3 years	-90.42%	-82.40%	-8.02%
Max Drawdown (5Y) Largest decline over 5 years	-98.47%	-95.63%	-2.84%
Current Drawdown Current decline from peak	-99.41%	-56.43%	-42.98%
Average Drawdown Average peak-to-trough decline	-85.78%	-72.98%	-12.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.20%	47.80%	-8.60%

Volatility

EBON vs. QUBT - Volatility Comparison

The current volatility for Ebang International Holdings Inc. (EBON) is 23.84%, while Quantum Computing, Inc. (QUBT) has a volatility of 36.09%. This indicates that EBON experiences smaller price fluctuations and is considered to be less risky than QUBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBON	QUBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.84%	36.09%	-12.25%
Volatility (6M) Calculated over the trailing 6-month period	55.88%	67.55%	-11.67%
Volatility (1Y) Calculated over the trailing 1-year period	82.33%	107.46%	-25.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.25%	133.09%	-32.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.46%	177.72%	-69.26%

Dividends

EBON vs. QUBT - Dividend Comparison

Neither EBON nor QUBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both EBON and QUBT in my portfolio?

EBON and QUBT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBON or QUBT?

QUBT has higher volatility (36.09%) compared to EBON (23.84%). In terms of maximum drawdown, EBON dropped -99.51% vs QUBT's -97.53%.

Which has better risk-adjusted returns?

QUBT currently has the higher Sharpe Ratio (-0.12 vs -0.52), 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.