NGEX.TO vs. QBTS
NGEX.TO (NGEx Minerals Ltd) and QBTS (D-Wave Quantum Inc) are both stocks. NGEX.TO operates in Other Industrial Metals & Mining (Basic Materials), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, NGEX.TO returned 58.44%/yr vs 127.04%/yr for QBTS. At a 0.14 correlation, their price movements are largely independent.
Performance
NGEX.TO vs. QBTS - Performance Comparison
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Different Trading Currencies
NGEX.TO is traded in CAD, while QBTS is traded in USD. To make them comparable, the QBTS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NGEX.TO achieves a 3.95% return, which is significantly higher than QBTS's -8.72% return.
NGEX.TO
- 1D
- 6.87%
- 1M
- -10.46%
- YTD
- 3.95%
- 6M
- 6.06%
- 1Y
- 75.53%
- 3Y*
- 58.44%
- 5Y*
- 106.42%
- 10Y*
- —
QBTS
- 1D
- -1.61%
- 1M
- 11.31%
- YTD
- -8.72%
- 6M
- -9.09%
- 1Y
- 50.63%
- 3Y*
- 127.04%
- 5Y*
- —
- 10Y*
- —
NGEX.TO vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NGEX.TO NGEx Minerals Ltd | 3.95% | 90.90% | 87.29% | 132.47% | 78.03% |
QBTS D-Wave Quantum Inc | -8.72% | 197.10% | 935.25% | -40.34% | -83.21% |
Correlation
The correlation between NGEX.TO and QBTS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.14 |
The correlation between NGEX.TO and QBTS shifts across timeframes, from 0.14 (3 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NGEX.TO:
CA$5.77B
QBTS:
$8.59B
NGEX.TO:
-CA$0.63
QBTS:
-$1.08
NGEX.TO:
9.07
QBTS:
7.64
NGEX.TO:
CA$0.00
QBTS:
$12.44M
NGEX.TO:
-CA$36.44K
QBTS:
$8.25M
NGEX.TO:
-CA$134.74M
QBTS:
-$399.03M
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Return for Risk
NGEX.TO vs. QBTS — Risk / Return Rank
NGEX.TO
QBTS
NGEX.TO vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NGEx Minerals Ltd (NGEX.TO) 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.
| NGEX.TO | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.71 | +1.77 |
| Martin ratioReturn relative to average drawdown | 6.16 | 1.23 | +4.93 |
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Drawdowns
NGEX.TO vs. QBTS - Drawdown Comparison
The maximum NGEX.TO drawdown since its inception was -66.75%, smaller than the maximum QBTS drawdown of -96.52%. Use the drawdown chart below to compare losses from any high point for NGEX.TO and QBTS.
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Drawdown Indicators
| NGEX.TO | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.75% | -96.52% | +29.77% |
Max Drawdown (1Y)Largest decline over 1 year | -30.62% | -71.31% | +40.69% |
Max Drawdown (3Y)Largest decline over 3 years | -30.62% | -78.15% | +47.53% |
Max Drawdown (5Y)Largest decline over 5 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -16.43% | -48.03% | +31.60% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -64.70% | +45.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.31% | 41.23% | -28.92% |
Volatility
NGEX.TO vs. QBTS - Volatility Comparison
The current volatility for NGEx Minerals Ltd (NGEX.TO) is 26.53%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that NGEX.TO 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
| NGEX.TO | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.53% | 42.66% | -16.13% |
Volatility (6M)Calculated over the trailing 6-month period | 45.97% | 77.06% | -31.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.36% | 108.27% | -49.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.92% | 150.92% | -88.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.85% | 150.92% | -79.07% |
Dividends
NGEX.TO vs. QBTS - Dividend Comparison
Neither NGEX.TO nor QBTS has paid dividends to shareholders.
Financials
NGEX.TO vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between NGEx Minerals Ltd 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
NGEX.TO and QBTS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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