MGNI vs. QBTS
MGNI (Magnite, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. MGNI operates in Advertising Agencies (Communication Services), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, MGNI returned 6.24%/yr vs 123.62%/yr for QBTS. At a 0.24 correlation, their price movements are largely independent.
Performance
MGNI vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, MGNI achieves a 0.12% return, which is significantly higher than QBTS's -10.63% return.
MGNI
- 1D
- 0.31%
- 1M
- 26.76%
- YTD
- 0.12%
- 6M
- -0.31%
- 1Y
- -4.97%
- 3Y*
- 6.24%
- 5Y*
- -13.13%
- 10Y*
- 1.65%
QBTS
- 1D
- -1.89%
- 1M
- 14.84%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 54.05%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
MGNI vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MGNI Magnite, Inc. | 0.12% | 1.95% | 70.45% | -11.80% | 19.93% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between MGNI and QBTS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.24 |
Fundamentals
MGNI:
$2.41B
QBTS:
$8.59B
MGNI:
$1.05
QBTS:
-$1.08
MGNI:
3.39
QBTS:
637.12
MGNI:
2.62
QBTS:
7.64
MGNI:
$722.55M
QBTS:
$12.44M
MGNI:
$458.33M
QBTS:
$8.25M
MGNI:
$150.13M
QBTS:
-$399.03M
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Return for Risk
MGNI vs. QBTS — Risk / Return Rank
MGNI
QBTS
MGNI vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Magnite, Inc. (MGNI) 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.
| MGNI | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.16 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.67 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.20 | 1.16 | -1.37 |
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Drawdowns
MGNI vs. QBTS - Drawdown Comparison
The maximum MGNI drawdown since its inception was -93.30%, roughly equal to the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for MGNI and QBTS.
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Drawdown Indicators
| MGNI | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.30% | -96.67% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -57.77% | -71.01% | +13.24% |
Max Drawdown (3Y)Largest decline over 3 years | -57.95% | -79.17% | +21.22% |
Max Drawdown (5Y)Largest decline over 5 years | -84.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.65% | — | — |
Current DrawdownCurrent decline from peak | -73.71% | -47.81% | -25.90% |
Average DrawdownAverage peak-to-trough decline | -64.84% | -65.66% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.47% | 40.64% | -2.17% |
Volatility
MGNI vs. QBTS - Volatility Comparison
The current volatility for Magnite, Inc. (MGNI) is 15.85%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that MGNI 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
| MGNI | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.85% | 42.66% | -26.81% |
Volatility (6M)Calculated over the trailing 6-month period | 41.24% | 76.89% | -35.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.37% | 108.46% | -51.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.01% | 150.99% | -75.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.60% | 150.99% | -74.39% |
Dividends
MGNI vs. QBTS - Dividend Comparison
Neither MGNI nor QBTS has paid dividends to shareholders.
Financials
MGNI vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Magnite, 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
MGNI and QBTS have a correlation of 0.20, 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 MGNI (15.85%). In terms of maximum drawdown, MGNI dropped -93.30% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 vs -0.14), 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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