QBTS vs. AIPO

Last updated Jun 13, 2026

QBTS (D-Wave Quantum Inc) is a stock, while AIPO (Defiance AI & Power Infrastructure ETF) is Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

QBTS vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in D-Wave Quantum Inc (QBTS) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBTS achieves a -10.63% return, which is significantly lower than AIPO's 42.18% return.

QBTS

• 1D: -1.89%
• 1M: 14.84%
• YTD: -10.63%
• 6M: -10.46%
• 1Y: 54.05%
• 3Y*: 123.62%
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 1.81%
• 1M: -2.51%
• YTD: 42.18%
• 6M: 37.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTS vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
QBTS D-Wave Quantum Inc	-10.63%	32.34%
AIPO Defiance AI & Power Infrastructure ETF	42.18%	9.46%

Correlation

The correlation between QBTS and AIPO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.56

Return for Risk

QBTS vs. AIPO — 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

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and Defiance AI & Power Infrastructure ETF (AIPO). 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	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.44	—	—
Sortino ratio: Return per unit of downside risk	1.48	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.67	—	—
Martin ratio: Return relative to average drawdown	1.16	—	—

Drawdowns

QBTS vs. AIPO - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for QBTS and AIPO.

Drawdown Indicators

	QBTS	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-17.31%	-79.36%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	—	—
Current Drawdown Current decline from peak	-47.81%	-7.53%	-40.28%
Average Drawdown Average peak-to-trough decline	-65.66%	-4.48%	-61.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.64%	—	—

Volatility

Volatility by Period

	QBTS	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	76.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	108.46%	35.17%	+73.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.99%	35.17%	+115.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.99%	35.17%	+115.82%

Dividends

QBTS vs. AIPO - Dividend Comparison

QBTS has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
QBTS D-Wave Quantum Inc	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBTS and AIPO in my portfolio?

QBTS and AIPO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.