IONS vs. QBTS
IONS (Ionis Pharmaceuticals, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. IONS operates in Biotechnology (Healthcare), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, IONS returned 7.90%/yr vs 88.49%/yr for QBTS. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
IONS vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, IONS achieves a -34.56% return, which is significantly lower than QBTS's -30.86% return.
IONS
- 1D
- -2.83%
- 1M
- -36.71%
- 6M
- -37.38%
- YTD
- -34.56%
- 1Y
- 20.31%
- 3Y*
- 7.90%
- 5Y*
- 6.87%
- 10Y*
- 3.21%
- ALL TIME*
- 5.06%
QBTS
- 1D
- 0.56%
- 1M
- -19.75%
- 6M
- -14.80%
- YTD
- -30.86%
- 1Y
- 10.38%
- 3Y*
- 88.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $189.49M | $272.86M | $184.93M | |
| $359.00M | $350.88M | $734.73M |
IONS vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IONS Ionis Pharmaceuticals, Inc. | -34.56% | 126.29% | -30.90% | 33.94% | -17.35% |
QBTS D-Wave Quantum Inc | -30.86% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between IONS and QBTS is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.15 |
Fundamentals
IONS:
$8.60B
QBTS:
$6.64B
IONS:
-$3.46
QBTS:
-$1.04
IONS:
9.67
QBTS:
514.63
IONS:
19.47
QBTS:
5.91
IONS:
$873.76M
QBTS:
$12.44M
IONS:
$857.70M
QBTS:
$8.25M
IONS:
$4.33B
QBTS:
-$399.03M
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Return for Risk
IONS vs. QBTS — Risk / Return Rank
IONS
QBTS
IONS vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ionis Pharmaceuticals, Inc. (IONS) 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.
| IONS | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.07 | +0.44 |
| Martin ratioReturn relative to average drawdown | 1.64 | 0.12 | +1.52 |
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Drawdowns
IONS vs. QBTS - Drawdown Comparison
The maximum IONS drawdown since its inception was -91.42%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for IONS and QBTS.
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Drawdown Indicators
| IONS | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.42% | -96.67% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -40.15% | -71.01% | +30.86% |
Max Drawdown (3Y)Largest decline over 3 years | -52.36% | -71.01% | +18.65% |
Max Drawdown (5Y)Largest decline over 5 years | -52.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.39% | — | — |
Current DrawdownCurrent decline from peak | -40.15% | -59.62% | +19.47% |
Average DrawdownAverage peak-to-trough decline | -52.26% | -65.27% | +13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.53% | 44.79% | -32.26% |
Volatility
IONS vs. QBTS - Volatility Comparison
Ionis Pharmaceuticals, Inc. (IONS) and D-Wave Quantum Inc (QBTS) have volatilities of 29.82% and 30.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IONS | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.82% | 30.87% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 35.47% | 77.01% | -41.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.79% | 110.95% | -58.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.75% | 149.71% | -105.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.64% | 149.71% | -104.07% |
Dividends
IONS vs. QBTS - Dividend Comparison
Neither IONS nor QBTS has paid dividends to shareholders.
Financials
IONS vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Ionis Pharmaceuticals, 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
IONS and QBTS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (30.87%) compared to IONS (29.82%). In terms of maximum drawdown, IONS dropped -91.42% vs QBTS's -96.67%.
IONS currently has the higher Sharpe Ratio (0.39 vs 0.05), 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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