QBTS vs. BRK-B
QBTS (D-Wave Quantum Inc) and BRK-B (Berkshire Hathaway Inc.) are both stocks. QBTS operates in Computer Hardware (Technology), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 3 years, QBTS returned 125.25%/yr vs 13.25%/yr for BRK-B. At a 0.08 correlation, their price movements are largely independent.
Performance
QBTS vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, QBTS achieves a -1.22% return, which is significantly higher than BRK-B's -3.11% return.
QBTS
- 1D
- 8.30%
- 1M
- 14.44%
- YTD
- -1.22%
- 6M
- -9.18%
- 1Y
- 38.72%
- 3Y*
- 125.25%
- 5Y*
- —
- 10Y*
- —
BRK-B
- 1D
- -0.23%
- 1M
- 2.32%
- YTD
- -3.11%
- 6M
- -2.06%
- 1Y
- -1.32%
- 3Y*
- 13.25%
- 5Y*
- 11.03%
- 10Y*
- 13.14%
QBTS vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QBTS D-Wave Quantum Inc | -1.22% | 211.31% | 854.44% | -38.88% | -83.96% |
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 15.46% | 5.76% |
Correlation
The correlation between QBTS and BRK-B is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.08 |
The correlation between QBTS and BRK-B shifts across timeframes, from -0.06 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Fundamentals
QBTS:
$9.49B
BRK-B:
$1.05T
QBTS:
-$1.08
BRK-B:
$33.62
QBTS:
704.19
BRK-B:
2.80
QBTS:
8.44
BRK-B:
1.44
QBTS:
$12.44M
BRK-B:
$375.39B
QBTS:
$8.25M
BRK-B:
$94.36B
QBTS:
-$399.03M
BRK-B:
$71.92B
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Return for Risk
QBTS vs. BRK-B — Risk / Return Rank
QBTS
BRK-B
QBTS vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and Berkshire Hathaway Inc. (BRK-B). 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.
| QBTS | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.14 | +0.69 |
| Martin ratioReturn relative to average drawdown | 0.96 | -0.30 | +1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QBTS | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | -0.09 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.48 | -0.29 |
Drawdowns
QBTS vs. BRK-B - Drawdown Comparison
The maximum QBTS drawdown since its inception was -96.67%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for QBTS and BRK-B.
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Drawdown Indicators
| QBTS | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -53.86% | -42.81% |
Max Drawdown (1Y)Largest decline over 1 year | -71.01% | -9.42% | -61.59% |
Max Drawdown (3Y)Largest decline over 3 years | -79.17% | -14.95% | -64.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -42.32% | -9.78% | -32.54% |
Average DrawdownAverage peak-to-trough decline | -65.80% | -11.07% | -54.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.50% | 4.49% | +36.01% |
Volatility
QBTS vs. BRK-B - Volatility Comparison
D-Wave Quantum Inc (QBTS) has a higher volatility of 42.76% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QBTS | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.76% | 3.98% | +38.78% |
Volatility (6M)Calculated over the trailing 6-month period | 76.88% | 10.87% | +66.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.49% | 14.38% | +94.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 151.19% | 17.13% | +134.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 151.19% | 19.44% | +131.75% |
Dividends
QBTS vs. BRK-B - Dividend Comparison
Neither QBTS nor BRK-B has paid dividends to shareholders.
Financials
QBTS vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between D-Wave Quantum Inc and Berkshire Hathaway 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
QBTS and BRK-B have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (42.76%) compared to BRK-B (3.98%). In terms of maximum drawdown, QBTS dropped -96.67% vs BRK-B's -53.86%.
QBTS currently has the higher Sharpe Ratio (0.36 vs -0.09), 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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