MLYS vs. QBTS
MLYS (Mineralys Therapeutics Inc. Common Stock) and QBTS (D-Wave Quantum Inc) are both stocks. MLYS operates in Biotechnology (Healthcare), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, MLYS returned 22.60%/yr vs 88.49%/yr for QBTS. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
MLYS vs. QBTS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MLYS having a -29.68% return and QBTS slightly lower at -30.86%.
MLYS
- 1D
- -2.56%
- 1M
- -7.84%
- 6M
- -17.38%
- YTD
- -29.68%
- 1Y
- 86.75%
- 3Y*
- 22.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.64%
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) |
|---|---|---|---|
| $16.24M | $21.32M | $38.52M | |
| $359.00M | $350.88M | $734.73M |
MLYS vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MLYS Mineralys Therapeutics Inc. Common Stock | -29.68% | 194.80% | 43.14% | -59.24% |
QBTS D-Wave Quantum Inc | -30.86% | 211.31% | 854.44% | -19.26% |
Correlation
The correlation between MLYS and QBTS is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.17 |
The correlation between MLYS and QBTS shifts across timeframes, from 0.17 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MLYS:
$2.25B
QBTS:
$6.64B
MLYS:
-$1.95
QBTS:
-$1.04
MLYS:
3.31
QBTS:
5.91
MLYS:
$0.00
QBTS:
$12.44M
MLYS:
-$28.00K
QBTS:
$8.25M
MLYS:
-$167.25M
QBTS:
-$399.03M
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Return for Risk
MLYS vs. QBTS — Risk / Return Rank
MLYS
QBTS
MLYS vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mineralys Therapeutics Inc. Common Stock (MLYS) 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.
| MLYS | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.10 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.07 | +1.47 |
| Martin ratioReturn relative to average drawdown | 2.54 | 0.12 | +2.42 |
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Drawdowns
MLYS vs. QBTS - Drawdown Comparison
The maximum MLYS drawdown since its inception was -71.75%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for MLYS and QBTS.
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Drawdown Indicators
| MLYS | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -96.67% | +24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -52.46% | -71.01% | +18.55% |
Max Drawdown (3Y)Largest decline over 3 years | -56.30% | -71.01% | +14.71% |
Current DrawdownCurrent decline from peak | -46.08% | -59.62% | +13.54% |
Average DrawdownAverage peak-to-trough decline | -36.56% | -65.27% | +28.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.77% | 44.79% | -13.02% |
Volatility
MLYS vs. QBTS - Volatility Comparison
The current volatility for Mineralys Therapeutics Inc. Common Stock (MLYS) is 11.35%, while D-Wave Quantum Inc (QBTS) has a volatility of 30.87%. This indicates that MLYS 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
| MLYS | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 30.87% | -19.52% |
Volatility (6M)Calculated over the trailing 6-month period | 43.03% | 77.01% | -33.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.41% | 110.95% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.20% | 149.71% | -67.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.20% | 149.71% | -67.51% |
Dividends
MLYS vs. QBTS - Dividend Comparison
Neither MLYS nor QBTS has paid dividends to shareholders.
Financials
MLYS vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Mineralys Therapeutics Inc. Common Stock 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
MLYS and QBTS have a correlation of 0.28, 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 MLYS (11.35%). In terms of maximum drawdown, MLYS dropped -71.75% vs QBTS's -96.67%.
MLYS currently has the higher Sharpe Ratio (0.77 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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