NNE vs. QBTS
NNE (NANO Nuclear Energy Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. NNE operates in Specialty Industrial Machinery (Industrials), while QBTS operates in Computer Hardware (Technology). Over the past year, NNE returned -28.21% vs 47.17% for QBTS. At a 0.47 correlation, their price movements are largely independent.
Performance
NNE vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, NNE achieves a -3.46% return, which is significantly higher than QBTS's -10.63% return.
NNE
- 1D
- -1.57%
- 1M
- -14.31%
- YTD
- -3.46%
- 6M
- -34.54%
- 1Y
- -28.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
NNE vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NNE NANO Nuclear Energy Inc. | -3.46% | -3.55% | 591.53% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 508.70% |
Correlation
The correlation between NNE and QBTS is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 8, 2024 | 0.47 |
Over the past year, NNE and QBTS have become more correlated (0.72) than their long-term average of 0.47, meaning their price movements have been converging.
Fundamentals
NNE:
$1.20B
QBTS:
$8.59B
NNE:
-$202.05
QBTS:
-$1.08
NNE:
0.00
QBTS:
7.64
NNE:
$0.00
QBTS:
$12.44M
NNE:
-$769.48K
QBTS:
$8.25M
NNE:
$14.05B
QBTS:
-$399.03M
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Return for Risk
NNE vs. QBTS — Risk / Return Rank
NNE
QBTS
NNE vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NANO Nuclear Energy Inc. (NNE) 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.
| NNE | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.16 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 0.67 | -1.09 |
| Martin ratioReturn relative to average drawdown | -0.69 | 1.16 | -1.85 |
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Drawdowns
NNE vs. QBTS - Drawdown Comparison
The maximum NNE drawdown since its inception was -77.68%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for NNE and QBTS.
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Drawdown Indicators
| NNE | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.68% | -96.67% | +18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -66.45% | -71.01% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -79.17% | — |
Current DrawdownCurrent decline from peak | -59.07% | -47.81% | -11.26% |
Average DrawdownAverage peak-to-trough decline | -36.18% | -65.66% | +29.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.10% | 40.64% | +0.46% |
Volatility
NNE vs. QBTS - Volatility Comparison
The current volatility for NANO Nuclear Energy Inc. (NNE) is 32.64%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that NNE 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
| NNE | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.64% | 42.66% | -10.02% |
Volatility (6M)Calculated over the trailing 6-month period | 69.31% | 76.89% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.66% | 108.46% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 151.27% | 150.99% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 151.27% | 150.99% | +0.28% |
Dividends
NNE vs. QBTS - Dividend Comparison
Neither NNE nor QBTS has paid dividends to shareholders.
Financials
NNE vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between NANO Nuclear Energy 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
NNE and QBTS have a correlation of 0.72, 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 NNE (32.64%). In terms of maximum drawdown, NNE dropped -77.68% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 vs -0.29), 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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