QBTS vs. BTQ.NEO

Last updated Jun 9, 2026

QBTS (D-Wave Quantum Inc) and BTQ.NEO (BTQ Technologies Corp) are both stocks. Both are in the Technology sector — QBTS in Computer Hardware, BTQ.NEO in Software - Infrastructure. Over the past 3 years, QBTS returned 125.25%/yr vs 106.35%/yr for BTQ.NEO. At a 0.22 correlation, their price movements are largely independent.

Performance

QBTS vs. BTQ.NEO - Performance Comparison

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

Different Trading Currencies

QBTS is traded in USD, while BTQ.NEO is traded in CAD. To make them comparable, the BTQ.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QBTS achieves a -1.22% return, which is significantly higher than BTQ.NEO's -17.44% return.

QBTS

• 1D: 8.30%
• 1M: 14.44%
• YTD: -1.22%
• 6M: -9.18%
• 1Y: 38.72%
• 3Y*: 125.25%
• 5Y*: —
• 10Y*: —

BTQ.NEO

• 1D: 3.73%
• 1M: 39.02%
• YTD: -17.44%
• 6M: -35.31%
• 1Y: 37.44%
• 3Y*: 106.35%
• 5Y*: —
• 10Y*: —

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

QBTS vs. BTQ.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QBTS D-Wave Quantum Inc	-1.22%	211.31%	854.44%	-6.44%
BTQ.NEO BTQ Technologies Corp	-17.44%	88.56%	342.98%	11.18%

Correlation

The correlation between QBTS and BTQ.NEO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023	0.22

The correlation between QBTS and BTQ.NEO shifts across timeframes, from 0.22 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap QBTS : $9.49B BTQ.NEO : CA$821.41M
EPS QBTS : -$1.08 BTQ.NEO : -CA$0.11
PS Ratio QBTS : 704.19 BTQ.NEO : 1.42K
PB Ratio QBTS : 8.44 BTQ.NEO : 21.55
Total Revenue (TTM) QBTS : $12.44M BTQ.NEO : CA$565.50K
Gross Profit (TTM) QBTS : $8.25M BTQ.NEO : CA$565.50K
EBITDA (TTM) QBTS : -$399.03M BTQ.NEO : -CA$14.23M

Return for Risk

QBTS vs. BTQ.NEO — Risk / Return Rank

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

QBTS

QBTS Risk / Return Rank: 57
QBTS Sharpe Ratio Rank: 55
QBTS Sortino Ratio Rank: 65
QBTS Omega Ratio Rank: 58
QBTS Calmar Ratio Rank: 55
QBTS Martin Ratio Rank: 53

BTQ.NEO

BTQ.NEO Risk / Return Rank: 59
BTQ.NEO Sharpe Ratio Rank: 52
BTQ.NEO Sortino Ratio Rank: 72
BTQ.NEO Omega Ratio Rank: 65
BTQ.NEO Calmar Ratio Rank: 54
BTQ.NEO Martin Ratio Rank: 51

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. BTQ.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and BTQ Technologies Corp (BTQ.NEO). 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	BTQ.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.36	0.24	+0.12
Sortino ratio: Return per unit of downside risk	1.39	1.74	-0.35
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.03
Calmar ratio: Return relative to maximum drawdown	0.55	0.45	+0.10
Martin ratio: Return relative to average drawdown	0.96	0.64	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBTS vs. BTQ.NEO - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.36, which is higher than the BTQ.NEO Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of QBTS and BTQ.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QBTS	BTQ.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.24	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.51	-0.32

Drawdowns

QBTS vs. BTQ.NEO - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, which is greater than BTQ.NEO's maximum drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for QBTS and BTQ.NEO.

Drawdown Indicators

	QBTS	BTQ.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-84.79%	-11.88%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-84.79%	+13.78%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-84.79%	+5.62%
Current Drawdown Current decline from peak	-42.32%	-69.88%	+27.56%
Average Drawdown Average peak-to-trough decline	-65.80%	-47.31%	-18.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.50%	59.10%	-18.60%

Volatility

QBTS vs. BTQ.NEO - Volatility Comparison

D-Wave Quantum Inc (QBTS) and BTQ Technologies Corp (BTQ.NEO) have volatilities of 42.76% and 42.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	BTQ.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.76%	42.02%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	76.88%	84.92%	-8.04%
Volatility (1Y) Calculated over the trailing 1-year period	108.49%	161.69%	-53.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.19%	172.11%	-20.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.19%	172.11%	-20.92%

Dividends

QBTS vs. BTQ.NEO - Dividend Comparison

Neither QBTS nor BTQ.NEO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both QBTS and BTQ.NEO in my portfolio?

QBTS and BTQ.NEO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.