QBTS vs. ADP

Last updated Jun 13, 2026

QBTS (D-Wave Quantum Inc) and ADP (Automatic Data Processing, Inc.) are both stocks. QBTS operates in Computer Hardware (Technology), while ADP operates in Staffing & Employment Services (Industrials). Over the past 3 years, QBTS returned 123.62%/yr vs 3.25%/yr for ADP. At a 0.07 correlation, their price movements are largely independent.

Performance

QBTS vs. ADP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in D-Wave Quantum Inc (QBTS) and Automatic Data Processing, Inc. (ADP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QBTS having a -10.63% return and ADP slightly lower at -10.66%.

QBTS

• 1D: -1.89%
• 1M: 9.00%
• YTD: -10.63%
• 6M: -10.46%
• 1Y: 47.17%
• 3Y*: 123.62%
• 5Y*: —
• 10Y*: —

ADP

• 1D: 0.96%
• 1M: 9.25%
• YTD: -10.66%
• 6M: -13.64%
• 1Y: -24.57%
• 3Y*: 3.25%
• 5Y*: 4.80%
• 10Y*: 12.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QBTS vs. ADP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QBTS D-Wave Quantum Inc	-10.63%	211.31%	854.44%	-38.88%	-83.96%
ADP Automatic Data Processing, Inc.	-10.66%	-10.18%	28.41%	-0.25%	-2.49%

Correlation

The correlation between QBTS and ADP is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.07

Fundamentals

Market Cap QBTS : $8.59B ADP : $91.00B
EPS QBTS : -$1.08 ADP : $10.72
PS Ratio QBTS : 637.12 ADP : 4.25
PB Ratio QBTS : 7.64 ADP : 14.33
Total Revenue (TTM) QBTS : $12.44M ADP : $21.60B
Gross Profit (TTM) QBTS : $8.25M ADP : $10.26B
EBITDA (TTM) QBTS : -$399.03M ADP : $6.51B

Return for Risk

QBTS vs. ADP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBTS

QBTS Risk / Return Rank: 60
QBTS Sharpe Ratio Rank: 58
QBTS Sortino Ratio Rank: 67
QBTS Omega Ratio Rank: 62
QBTS Calmar Ratio Rank: 58
QBTS Martin Ratio Rank: 55

ADP

ADP Risk / Return Rank: 11
ADP Sharpe Ratio Rank: 5
ADP Sortino Ratio Rank: 7
ADP Omega Ratio Rank: 8
ADP Calmar Ratio Rank: 19
ADP Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QBTS vs. ADP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and Automatic Data Processing, Inc. (ADP). 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.

	QBTS	ADP	Difference
Sharpe ratio: Return per unit of total volatility	0.44	-1.02	+1.45
Sortino ratio: Return per unit of downside risk	1.48	-1.41	+2.90
Omega ratio: Gain probability vs. loss probability	1.16	0.83	+0.33
Calmar ratio: Return relative to maximum drawdown	0.67	-0.65	+1.31
Martin ratio: Return relative to average drawdown	1.16	-1.21	+2.37

QBTS vs. ADP - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.44, which is higher than the ADP Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of QBTS and ADP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QBTS vs. ADP - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, which is greater than ADP's maximum drawdown of -59.51%. Use the drawdown chart below to compare losses from any high point for QBTS and ADP.

Drawdown Indicators

	QBTS	ADP	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-59.51%	-37.16%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-38.16%	-32.85%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-40.78%	-38.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.78%	—
Current Drawdown Current decline from peak	-47.81%	-28.50%	-19.31%
Average Drawdown Average peak-to-trough decline	-65.66%	-12.59%	-53.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.64%	20.40%	+20.24%

Volatility

QBTS vs. ADP - Volatility Comparison

D-Wave Quantum Inc (QBTS) has a higher volatility of 42.66% compared to Automatic Data Processing, Inc. (ADP) at 9.18%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than ADP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	ADP	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.66%	9.18%	+33.48%
Volatility (6M) Calculated over the trailing 6-month period	76.89%	20.54%	+56.35%
Volatility (1Y) Calculated over the trailing 1-year period	108.46%	24.29%	+84.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.99%	22.07%	+128.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.99%	24.49%	+126.50%

Dividends

QBTS vs. ADP - Dividend Comparison

QBTS has not paid dividends to shareholders, while ADP's dividend yield for the trailing twelve months is around 3.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADP Automatic Data Processing, Inc.	3.62%	2.46%	1.96%	2.21%	1.83%	1.55%	2.08%	1.92%	2.14%	2.00%	2.10%	2.36%
QBTS D-Wave Quantum Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both QBTS and ADP in my portfolio?

QBTS and ADP have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBTS or ADP?

QBTS has higher volatility (42.66%) compared to ADP (9.18%). In terms of maximum drawdown, QBTS dropped -96.67% vs ADP's -59.51%.

Which has better risk-adjusted returns?

QBTS currently has the higher Sharpe Ratio (0.44 vs -1.02), 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.