IGM vs. QBTS
IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while QBTS (D-Wave Quantum Inc) is a stock. Over the past 3 years, IGM returned 35.37%/yr vs 123.62%/yr for QBTS. At a 0.35 correlation, their price movements are largely independent.
Performance
IGM vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, IGM achieves a 23.42% return, which is significantly higher than QBTS's -10.63% return.
IGM
- 1D
- 0.69%
- 1M
- 3.04%
- YTD
- 23.42%
- 6M
- 23.24%
- 1Y
- 48.57%
- 3Y*
- 35.37%
- 5Y*
- 20.09%
- 10Y*
- 24.57%
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
IGM vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 23.42% | 26.76% | 36.99% | 60.68% | -17.71% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between IGM and QBTS is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.35 |
The correlation between IGM and QBTS shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGM vs. QBTS — Risk / Return Rank
IGM
QBTS
IGM vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.
| IGM | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.16 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 0.67 | +2.30 |
| Martin ratioReturn relative to average drawdown | 10.06 | 1.16 | +8.90 |
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Drawdowns
IGM vs. QBTS - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for IGM and QBTS.
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Drawdown Indicators
| IGM | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -96.67% | +31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -71.01% | +54.57% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -79.17% | +52.78% |
Max Drawdown (5Y)Largest decline over 5 years | -40.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.68% | — | — |
Current DrawdownCurrent decline from peak | -6.80% | -47.81% | +41.01% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -65.66% | +50.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 40.64% | -35.80% |
Volatility
IGM vs. QBTS - Volatility Comparison
The current volatility for iShares Expanded Tech Sector ETF (IGM) is 10.03%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that IGM 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
| IGM | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 42.66% | -32.63% |
Volatility (6M)Calculated over the trailing 6-month period | 18.11% | 76.89% | -58.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 108.46% | -86.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.91% | 150.99% | -125.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.66% | 150.99% | -126.33% |
Dividends
IGM vs. QBTS - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.13%, while QBTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.13% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
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% |
Frequently Asked Questions
IGM and QBTS have a correlation of 0.50, 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 IGM (10.03%). In terms of maximum drawdown, IGM dropped -65.59% vs QBTS's -96.67%.
IGM currently has the higher Sharpe Ratio (2.22 vs 0.44), 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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