QBTS vs. ESPO
QBTS (D-Wave Quantum Inc) is a stock, while ESPO (VanEck Vectors Video Gaming and eSports ETF) is Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Over the past 3 years, QBTS returned 123.62%/yr vs 16.96%/yr for ESPO. At a 0.32 correlation, their price movements are largely independent.
Performance
QBTS vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, QBTS achieves a -10.63% return, which is significantly higher than ESPO's -15.10% return.
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
ESPO
- 1D
- -0.29%
- 1M
- -3.31%
- YTD
- -15.10%
- 6M
- -16.17%
- 1Y
- -14.92%
- 3Y*
- 16.96%
- 5Y*
- 5.49%
- 10Y*
- —
QBTS vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -15.10% | 25.79% | 47.61% | 33.64% | -16.25% |
Correlation
The correlation between QBTS and ESPO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.32 |
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Return for Risk
QBTS vs. ESPO — Risk / Return Rank
QBTS
ESPO
QBTS vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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 | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.88 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.54 | +1.21 |
| Martin ratioReturn relative to average drawdown | 1.16 | -0.94 | +2.10 |
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Drawdowns
QBTS vs. ESPO - Drawdown Comparison
The maximum QBTS drawdown since its inception was -96.67%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for QBTS and ESPO.
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Drawdown Indicators
| QBTS | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -50.99% | -45.68% |
Max Drawdown (1Y)Largest decline over 1 year | -71.01% | -27.81% | -43.20% |
Max Drawdown (3Y)Largest decline over 3 years | -79.17% | -27.81% | -51.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.33% | — |
Current DrawdownCurrent decline from peak | -47.81% | -27.19% | -20.62% |
Average DrawdownAverage peak-to-trough decline | -65.66% | -15.06% | -50.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.64% | 15.95% | +24.69% |
Volatility
QBTS vs. ESPO - Volatility Comparison
D-Wave Quantum Inc (QBTS) has a higher volatility of 42.66% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QBTS | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.66% | 4.42% | +38.24% |
Volatility (6M)Calculated over the trailing 6-month period | 76.89% | 14.67% | +62.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.46% | 18.83% | +89.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 150.99% | 25.10% | +125.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 150.99% | 25.71% | +125.28% |
Dividends
QBTS vs. ESPO - Dividend Comparison
QBTS has not paid dividends to shareholders, while ESPO's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Vectors Video Gaming and eSports ETF | 1.47% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
QBTS D-Wave Quantum Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBTS and ESPO have a correlation of 0.38, 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 ESPO (4.42%). In terms of maximum drawdown, QBTS dropped -96.67% vs ESPO's -50.99%.
QBTS currently has the higher Sharpe Ratio (0.44 vs -0.80), 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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