JOBY vs. QBTS
JOBY (Joby Aviation, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. JOBY operates in Airports & Air Services (Industrials), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, JOBY returned 5.42%/yr vs 123.62%/yr for QBTS. At a 0.43 correlation, their price movements are largely independent.
Performance
JOBY vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, JOBY achieves a -30.68% return, which is significantly lower than QBTS's -10.63% return.
JOBY
- 1D
- -2.24%
- 1M
- -17.27%
- YTD
- -30.68%
- 6M
- -38.38%
- 1Y
- 3.16%
- 3Y*
- 5.42%
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
JOBY vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JOBY Joby Aviation, Inc. | -30.68% | 62.36% | 22.26% | 98.51% | -49.78% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between JOBY and QBTS is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.43 |
Over the past year, JOBY and QBTS have become more correlated (0.68) than their long-term average of 0.43, meaning their price movements have been converging.
Fundamentals
JOBY:
$8.63B
QBTS:
$8.59B
JOBY:
-$1.10
QBTS:
-$1.08
JOBY:
102.48
QBTS:
637.12
JOBY:
4.41
QBTS:
7.64
JOBY:
$77.67M
QBTS:
$12.44M
JOBY:
$8.72M
QBTS:
$8.25M
JOBY:
-$1.05B
QBTS:
-$399.03M
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Return for Risk
JOBY vs. QBTS — Risk / Return Rank
JOBY
QBTS
JOBY vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Joby Aviation, Inc. (JOBY) 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.
| JOBY | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 0.67 | -0.62 |
| Martin ratioReturn relative to average drawdown | 0.09 | 1.16 | -1.08 |
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Drawdowns
JOBY vs. QBTS - Drawdown Comparison
The maximum JOBY drawdown since its inception was -76.27%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for JOBY and QBTS.
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Drawdown Indicators
| JOBY | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.27% | -96.67% | +20.40% |
Max Drawdown (1Y)Largest decline over 1 year | -61.06% | -71.01% | +9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -61.06% | -79.17% | +18.11% |
Current DrawdownCurrent decline from peak | -55.13% | -47.81% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -50.36% | -65.66% | +15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.83% | 40.64% | -3.81% |
Volatility
JOBY vs. QBTS - Volatility Comparison
The current volatility for Joby Aviation, Inc. (JOBY) is 22.37%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that JOBY 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
| JOBY | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.37% | 42.66% | -20.29% |
Volatility (6M)Calculated over the trailing 6-month period | 51.20% | 76.89% | -25.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.50% | 108.46% | -29.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.72% | 150.99% | -70.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.72% | 150.99% | -70.27% |
Dividends
JOBY vs. QBTS - Dividend Comparison
Neither JOBY nor QBTS has paid dividends to shareholders.
Financials
JOBY vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Joby Aviation, 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
JOBY and QBTS have a correlation of 0.68, 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 JOBY (22.37%). In terms of maximum drawdown, JOBY dropped -76.27% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 vs 0.04), 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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