QBTS vs. LAES

Last updated Jun 9, 2026

QBTS (D-Wave Quantum Inc) and LAES (SEALSQ Corp) are both stocks. Both are in the Technology sector — QBTS in Computer Hardware, LAES in Semiconductors. Over the past 3 years, QBTS returned 125.25%/yr vs -31.28%/yr for LAES. At a 0.36 correlation, their price movements are largely independent.

Performance

QBTS vs. LAES - Performance Comparison

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

Returns By Period

In the year-to-date period, QBTS achieves a -1.22% return, which is significantly higher than LAES's -14.81% return.

QBTS

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

LAES

• 1D: 0.63%
• 1M: 10.27%
• YTD: -14.81%
• 6M: -34.42%
• 1Y: -6.94%
• 3Y*: -31.28%
• 5Y*: —
• 10Y*: —

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

QBTS vs. LAES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QBTS D-Wave Quantum Inc	-1.22%	211.31%	854.44%	-12.86%
LAES SEALSQ Corp	-14.81%	-38.54%	380.47%	-92.82%

Correlation

The correlation between QBTS and LAES is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since May 24, 2023	0.36

Over the past year, QBTS and LAES have become more correlated (0.63) than their long-term average of 0.36, meaning their price movements have been converging.

Fundamentals

EPS QBTS : -$1.08 LAES : -$0.43
PS Ratio QBTS : 704.19 LAES : 10.60
Total Revenue (TTM) QBTS : $12.44M LAES : $35.37M
Gross Profit (TTM) QBTS : $8.25M LAES : $13.21M
EBITDA (TTM) QBTS : -$399.03M LAES : -$41.81M

Return for Risk

QBTS vs. LAES — 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

LAES

LAES Risk / Return Rank: 43
LAES Sharpe Ratio Rank: 40
LAES Sortino Ratio Rank: 50
LAES Omega Ratio Rank: 47
LAES Calmar Ratio Rank: 39
LAES Martin Ratio Rank: 39

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. LAES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and SEALSQ Corp (LAES). 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	LAES	Difference
Sharpe ratio: Return per unit of total volatility	0.36	-0.06	+0.42
Sortino ratio: Return per unit of downside risk	1.39	0.78	+0.61
Omega ratio: Gain probability vs. loss probability	1.15	1.08	+0.06
Calmar ratio: Return relative to maximum drawdown	0.55	-0.10	+0.64
Martin ratio: Return relative to average drawdown	0.96	-0.16	+1.12
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. LAES - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.36, which is higher than the LAES Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of QBTS and LAES, 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	LAES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	-0.06	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.28	+0.46

Drawdowns

QBTS vs. LAES - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, roughly equal to the maximum LAES drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for QBTS and LAES.

Drawdown Indicators

	QBTS	LAES	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-98.44%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-72.68%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-98.07%	+18.90%
Current Drawdown Current decline from peak	-42.32%	-85.34%	+43.02%
Average Drawdown Average peak-to-trough decline	-65.80%	-84.70%	+18.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.50%	42.96%	-2.46%

Volatility

QBTS vs. LAES - Volatility Comparison

D-Wave Quantum Inc (QBTS) has a higher volatility of 42.76% compared to SEALSQ Corp (LAES) at 28.36%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than LAES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	LAES	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.76%	28.36%	+14.40%
Volatility (6M) Calculated over the trailing 6-month period	76.88%	66.00%	+10.88%
Volatility (1Y) Calculated over the trailing 1-year period	108.49%	110.53%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.19%	170.27%	-19.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.19%	170.27%	-19.08%

Dividends

QBTS vs. LAES - Dividend Comparison

Neither QBTS nor LAES has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both QBTS and LAES in my portfolio?

QBTS and LAES have a correlation of 0.63, 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 LAES?

QBTS has higher volatility (42.76%) compared to LAES (28.36%). In terms of maximum drawdown, QBTS dropped -96.67% vs LAES's -98.44%.

Which has better risk-adjusted returns?

QBTS currently has the higher Sharpe Ratio (0.36 vs -0.06), 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.