QBTS vs. HOOD

Last updated Jun 13, 2026

QBTS (D-Wave Quantum Inc) and HOOD (Robinhood Markets, Inc.) are both stocks. QBTS operates in Computer Hardware (Technology), while HOOD operates in Capital Markets (Financial Services). Over the past 3 years, QBTS returned 123.62%/yr vs 113.32%/yr for HOOD. At a 0.36 correlation, their price movements are largely independent.

Performance

QBTS vs. HOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in D-Wave Quantum Inc (QBTS) and Robinhood Markets, Inc. (HOOD). 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 higher than HOOD's -17.60% return.

QBTS

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

HOOD

• 1D: 1.04%
• 1M: 21.42%
• YTD: -17.60%
• 6M: -22.02%
• 1Y: 26.21%
• 3Y*: 113.32%
• 5Y*: —
• 10Y*: —

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

QBTS vs. HOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QBTS D-Wave Quantum Inc	-10.63%	211.31%	854.44%	-38.88%	-83.96%
HOOD Robinhood Markets, Inc.	-17.60%	203.54%	192.46%	56.51%	-21.73%

Correlation

The correlation between QBTS and HOOD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.36

The correlation between QBTS and HOOD shifts across timeframes, from 0.36 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap QBTS : $8.59B HOOD : $85.27B
EPS QBTS : -$1.08 HOOD : $2.07
PS Ratio QBTS : 637.12 HOOD : 21.83
PB Ratio QBTS : 7.64 HOOD : 8.80
Total Revenue (TTM) QBTS : $12.44M HOOD : $3.91B
Gross Profit (TTM) QBTS : $8.25M HOOD : $2.86B
EBITDA (TTM) QBTS : -$399.03M HOOD : $1.80B

Return for Risk

QBTS vs. HOOD — 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

HOOD

HOOD Risk / Return Rank: 55
HOOD Sharpe Ratio Rank: 56
HOOD Sortino Ratio Rank: 57
HOOD Omega Ratio Rank: 55
HOOD Calmar Ratio Rank: 53
HOOD Martin Ratio Rank: 52

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. HOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and Robinhood Markets, Inc. (HOOD). 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	HOOD	Difference
Sharpe ratio: Return per unit of total volatility	0.44	0.38	+0.06
Sortino ratio: Return per unit of downside risk	1.48	1.03	+0.45
Omega ratio: Gain probability vs. loss probability	1.16	1.12	+0.04
Calmar ratio: Return relative to maximum drawdown	0.67	0.46	+0.21
Martin ratio: Return relative to average drawdown	1.16	0.83	+0.33

QBTS vs. HOOD - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.44, which is comparable to the HOOD Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of QBTS and HOOD, 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. HOOD - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, which is greater than HOOD's maximum drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for QBTS and HOOD.

Drawdown Indicators

	QBTS	HOOD	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-90.21%	-6.46%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-57.26%	-13.75%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-57.26%	-21.91%
Current Drawdown Current decline from peak	-47.81%	-38.88%	-8.93%
Average Drawdown Average peak-to-trough decline	-65.66%	-60.85%	-4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.64%	31.69%	+8.95%

Volatility

QBTS vs. HOOD - Volatility Comparison

D-Wave Quantum Inc (QBTS) has a higher volatility of 42.66% compared to Robinhood Markets, Inc. (HOOD) at 23.07%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	HOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.66%	23.07%	+19.59%
Volatility (6M) Calculated over the trailing 6-month period	76.89%	50.85%	+26.04%
Volatility (1Y) Calculated over the trailing 1-year period	108.46%	69.33%	+39.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.99%	74.06%	+76.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.99%	74.06%	+76.93%

Dividends

QBTS vs. HOOD - Dividend Comparison

Neither QBTS nor HOOD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both QBTS and HOOD in my portfolio?

QBTS and HOOD have a correlation of 0.52, 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 HOOD?

QBTS has higher volatility (42.66%) compared to HOOD (23.07%). In terms of maximum drawdown, QBTS dropped -96.67% vs HOOD's -90.21%.

Which has better risk-adjusted returns?

QBTS currently has the higher Sharpe Ratio (0.44 vs 0.38), 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.