EVGO vs. QBTS
EVGO (Evgo Inc) and QBTS (D-Wave Quantum Inc) are both stocks. EVGO operates in Specialty Retail (Consumer Cyclical), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, EVGO returned -24.51%/yr vs 124.55%/yr for QBTS. At a 0.28 correlation, their price movements are largely independent.
Performance
EVGO vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, EVGO achieves a -37.46% return, which is significantly lower than QBTS's -19.46% return.
EVGO
- 1D
- -7.14%
- 1M
- -14.35%
- 6M
- -41.67%
- YTD
- -37.46%
- 1Y
- -45.02%
- 3Y*
- -24.51%
- 5Y*
- -32.00%
- 10Y*
- —
QBTS
- 1D
- -6.65%
- 1M
- -11.70%
- 6M
- -32.65%
- YTD
- -19.46%
- 1Y
- 25.66%
- 3Y*
- 124.55%
- 5Y*
- —
- 10Y*
- —
EVGO vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EVGO Evgo Inc | -37.46% | -28.15% | 13.13% | -19.91% | -52.19% |
QBTS D-Wave Quantum Inc | -19.46% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between EVGO and QBTS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.28 |
The correlation between EVGO and QBTS shifts across timeframes, from 0.28 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
EVGO:
$571.22M
QBTS:
$7.73B
EVGO:
-$0.57
QBTS:
-$1.04
EVGO:
0.39
QBTS:
599.45
EVGO:
$418.33M
QBTS:
$12.44M
EVGO:
$84.41M
QBTS:
$8.25M
EVGO:
-$36.37M
QBTS:
-$399.03M
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Return for Risk
EVGO vs. QBTS — Risk / Return Rank
EVGO
QBTS
EVGO vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evgo Inc (EVGO) 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.
| EVGO | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.13 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 0.36 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.61 | -1.69 |
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Drawdowns
EVGO vs. QBTS - Drawdown Comparison
The maximum EVGO drawdown since its inception was -92.48%, roughly equal to the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for EVGO and QBTS.
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Drawdown Indicators
| EVGO | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.48% | -96.67% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -66.87% | -71.01% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -81.43% | -79.17% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -91.37% | — | — |
Current DrawdownCurrent decline from peak | -91.75% | -52.97% | -38.78% |
Average DrawdownAverage peak-to-trough decline | -70.30% | -65.38% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.72% | 42.24% | -0.52% |
Volatility
EVGO vs. QBTS - Volatility Comparison
The current volatility for Evgo Inc (EVGO) is 23.16%, while D-Wave Quantum Inc (QBTS) has a volatility of 29.83%. This indicates that EVGO 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
| EVGO | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.16% | 29.83% | -6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 46.12% | 73.97% | -27.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.73% | 109.75% | -48.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.44% | 150.27% | -63.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 150.27% | -60.96% |
Dividends
EVGO vs. QBTS - Dividend Comparison
Neither EVGO nor QBTS has paid dividends to shareholders.
Financials
EVGO vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Evgo 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
EVGO and QBTS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (29.83%) compared to EVGO (23.16%). In terms of maximum drawdown, EVGO dropped -92.48% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.23 vs -0.74), 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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