IREN vs. QUBT

Last updated Jun 13, 2026

IREN (IREN Limited) and QUBT (Quantum Computing, Inc.) are both stocks. IREN operates in Capital Markets (Financial Services), while QUBT operates in Computer Hardware (Technology). Over the past 3 years, IREN returned 155.58%/yr vs 77.69%/yr for QUBT. At a 0.35 correlation, their price movements are largely independent.

Performance

IREN vs. QUBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IREN Limited (IREN) 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, IREN achieves a 58.25% return, which is significantly higher than QUBT's -3.22% return.

IREN

• 1D: 5.40%
• 1M: 8.34%
• YTD: 58.25%
• 6M: 48.94%
• 1Y: 487.71%
• 3Y*: 155.58%
• 5Y*: —
• 10Y*: —

QUBT

• 1D: 0.20%
• 1M: -9.97%
• YTD: -3.22%
• 6M: -17.59%
• 1Y: -43.29%
• 3Y*: 77.69%
• 5Y*: 9.88%
• 10Y*: —

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

IREN vs. QUBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IREN IREN Limited	58.25%	284.62%	37.34%	472.00%	-92.27%	-42.25%
QUBT Quantum Computing, Inc.	-3.22%	-38.01%	1,712.51%	-39.53%	-55.72%	-54.04%

Correlation

The correlation between IREN and QUBT is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.35

The correlation between IREN and QUBT shifts across timeframes, from 0.35 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS IREN : $0.45 QUBT : -$0.21
PS Ratio IREN : 13.39 QUBT : 428.61
Total Revenue (TTM) IREN : $757.07M QUBT : $4.33M
Gross Profit (TTM) IREN : $433.88M QUBT : -$667.00K
EBITDA (TTM) IREN : -$173.05M QUBT : -$52.52M

Return for Risk

IREN vs. QUBT — Risk / Return Rank

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

IREN

IREN Risk / Return Rank: 95
IREN Sharpe Ratio Rank: 99
IREN Sortino Ratio Rank: 94
IREN Omega Ratio Rank: 91
IREN Calmar Ratio Rank: 97
IREN Martin Ratio Rank: 94

QUBT

QUBT Risk / Return Rank: 26
QUBT Sharpe Ratio Rank: 24
QUBT Sortino Ratio Rank: 30
QUBT Omega Ratio Rank: 30
QUBT Calmar Ratio Rank: 22
QUBT Martin Ratio Rank: 26

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.

IREN vs. QUBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) 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.

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.

	IREN	QUBT	Difference
Sharpe ratio: Return per unit of total volatility	4.76	-0.42	+5.18
Sortino ratio: Return per unit of downside risk	3.66	-0.08	+3.74
Omega ratio: Gain probability vs. loss probability	1.42	0.99	+0.43
Calmar ratio: Return relative to maximum drawdown	8.39	-0.58	+8.97
Martin ratio: Return relative to average drawdown	15.97	-0.89	+16.86

IREN vs. QUBT - Sharpe Ratio Comparison

The current IREN Sharpe Ratio is 4.76, which is higher than the QUBT Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of IREN 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.

Drawdowns

IREN vs. QUBT - Drawdown Comparison

The maximum IREN drawdown since its inception was -96.21%, roughly equal to the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for IREN and QUBT.

Drawdown Indicators

	IREN	QUBT	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-97.53%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-58.62%	-74.37%	+15.75%
Max Drawdown (3Y) Largest decline over 3 years	-65.56%	-82.40%	+16.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.63%	—
Current Drawdown Current decline from peak	-21.78%	-61.33%	+39.55%
Average Drawdown Average peak-to-trough decline	-65.42%	-72.90%	+7.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.74%	48.67%	-17.93%

Volatility

IREN vs. QUBT - Volatility Comparison

IREN Limited (IREN) and Quantum Computing, Inc. (QUBT) have volatilities of 34.10% and 33.55%, 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.

Volatility by Period

	IREN	QUBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.10%	33.55%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	75.79%	67.37%	+8.42%
Volatility (1Y) Calculated over the trailing 1-year period	103.25%	103.81%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.61%	133.05%	-14.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.61%	177.48%	-58.87%

Dividends

IREN vs. QUBT - Dividend Comparison

Neither IREN nor QUBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both IREN and QUBT in my portfolio?

IREN and QUBT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IREN or QUBT?

IREN has higher volatility (34.10%) compared to QUBT (33.55%). In terms of maximum drawdown, IREN dropped -96.21% vs QUBT's -97.53%.

Which has better risk-adjusted returns?

IREN currently has the higher Sharpe Ratio (4.76 vs -0.42), 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.