IWR vs. QUBT
IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index, while QUBT (Quantum Computing, Inc.) is a stock. Over the past 5 years, IWR returned 7.99%/yr vs 9.88%/yr for QUBT. At a 0.27 correlation, their price movements are largely independent.
Performance
IWR vs. QUBT - Performance Comparison
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Returns By Period
In the year-to-date period, IWR achieves a 13.23% return, which is significantly higher than QUBT's -3.22% return.
IWR
- 1D
- 0.93%
- 1M
- 3.80%
- YTD
- 13.23%
- 6M
- 11.96%
- 1Y
- 21.77%
- 3Y*
- 16.40%
- 5Y*
- 7.99%
- 10Y*
- 11.79%
QUBT
- 1D
- 0.20%
- 1M
- -9.97%
- YTD
- -3.22%
- 6M
- -17.59%
- 1Y
- -43.29%
- 3Y*
- 77.69%
- 5Y*
- 9.88%
- 10Y*
- —
IWR vs. QUBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 13.23% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -13.26% |
QUBT Quantum Computing, Inc. | -3.22% | -38.01% | 1,712.51% | -39.53% | -55.72% | -75.83% | 370.33% | 0.00% | -42.31% |
Correlation
The correlation between IWR and QUBT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2018 | 0.27 |
The correlation between IWR and QUBT shifts across timeframes, from 0.27 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWR vs. QUBT — Risk / Return Rank
IWR
QUBT
IWR vs. QUBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.
| IWR | QUBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.58 | +3.26 |
| Martin ratioReturn relative to average drawdown | 10.26 | -0.89 | +11.15 |
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Drawdowns
IWR vs. QUBT - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, smaller than the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for IWR and QUBT.
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Drawdown Indicators
| IWR | QUBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -97.53% | +38.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -74.37% | +66.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | -82.40% | +61.31% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -95.63% | +69.45% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -61.33% | +61.33% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -72.90% | +65.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 48.67% | -46.54% |
Volatility
IWR vs. QUBT - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 4.49%, while Quantum Computing, Inc. (QUBT) has a volatility of 33.55%. This indicates that IWR 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.
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Volatility by Period
| IWR | QUBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 33.55% | -29.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 67.37% | -57.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 103.81% | -90.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | 133.05% | -114.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 177.48% | -158.10% |
Dividends
IWR vs. QUBT - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.14%, while QUBT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.14% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
QUBT Quantum Computing, 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
IWR and QUBT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUBT has higher volatility (33.55%) compared to IWR (4.49%). In terms of maximum drawdown, IWR dropped -58.78% vs QUBT's -97.53%.
IWR currently has the higher Sharpe Ratio (1.59 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.
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