QBTS vs. QTUM-USD

Last updated Jul 16, 2026

QBTS (D-Wave Quantum Inc) is a stock, while QTUM-USD (Qtum) is a cryptocurrency. Over the past 3 years, QBTS returned 102.51%/yr vs -36.60%/yr for QTUM-USD. At a 0.15 correlation, their price movements are largely independent.

Performance

QBTS vs. QTUM-USD - Performance Comparison

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

Returns By Period

In the year-to-date period, QBTS achieves a -30.13% return, which is significantly higher than QTUM-USD's -48.71% return.

QBTS

• 1D: -3.59%
• 1M: -30.43%
• 6M: -39.40%
• YTD: -30.13%
• 1Y: 13.13%
• 3Y*: 102.51%
• 5Y*: —
• 10Y*: —

QTUM-USD

• 1D: 0.54%
• 1M: -9.84%
• 6M: -56.32%
• YTD: -48.71%
• 1Y: -70.38%
• 3Y*: -36.60%
• 5Y*: -34.15%
• 10Y*: —

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

QBTS vs. QTUM-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QBTS D-Wave Quantum Inc	-30.13%	211.31%	854.44%	-38.88%	-83.96%
QTUM-USD Qtum	-48.71%	-55.51%	-19.33%	103.93%	-55.34%

Correlation

The correlation between QBTS and QTUM-USD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.15

Return for Risk

QBTS vs. QTUM-USD — Risk / Return Rank

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

QBTS

QBTS Risk / Return Rank: 54
QBTS Sharpe Ratio Rank: 51
QBTS Sortino Ratio Rank: 60
QBTS Omega Ratio Rank: 56
QBTS Calmar Ratio Rank: 51
QBTS Martin Ratio Rank: 50

QTUM-USD

QTUM-USD Risk / Return Rank: 35
QTUM-USD Sharpe Ratio Rank: 33
QTUM-USD Sortino Ratio Rank: 36
QTUM-USD Omega Ratio Rank: 36
QTUM-USD Calmar Ratio Rank: 35
QTUM-USD Martin Ratio Rank: 37

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. QTUM-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and Qtum (QTUM-USD). 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	QTUM-USD	Difference
Sharpe ratio: Return per unit of total volatility	0.12	-0.89	+1.01
Sortino ratio: Return per unit of downside risk	1.07	-1.56	+2.63
Omega ratio: Gain probability vs. loss probability	1.11	0.85	+0.27
Calmar ratio: Return relative to maximum drawdown	0.19	-0.90	+1.08
Martin ratio: Return relative to average drawdown	0.31	-1.24	+1.55

QBTS vs. QTUM-USD - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.12, which is higher than the QTUM-USD Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of QBTS and QTUM-USD, 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. QTUM-USD - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, roughly equal to the maximum QTUM-USD drawdown of -99.30%. Use the drawdown chart below to compare losses from any high point for QBTS and QTUM-USD.

Drawdown Indicators

	QBTS	QTUM-USD	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-99.30%	+2.63%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-78.50%	+7.49%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-88.32%	+9.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.26%	—
Current Drawdown Current decline from peak	-59.20%	-99.28%	+40.08%
Average Drawdown Average peak-to-trough decline	-65.32%	-93.33%	+28.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.11%	48.66%	-5.55%

Volatility

QBTS vs. QTUM-USD - Volatility Comparison

D-Wave Quantum Inc (QBTS) has a higher volatility of 24.71% compared to Qtum (QTUM-USD) at 11.70%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than QTUM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	QTUM-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.71%	11.70%	+13.01%
Volatility (6M) Calculated over the trailing 6-month period	73.81%	47.94%	+25.87%
Volatility (1Y) Calculated over the trailing 1-year period	109.62%	65.96%	+43.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.91%	76.53%	+73.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.91%	98.91%	+51.00%

Frequently Asked Questions

Can I hold both QBTS and QTUM-USD in my portfolio?

QBTS and QTUM-USD have a correlation of 0.24, 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 QTUM-USD?

QBTS has higher volatility (24.71%) compared to QTUM-USD (11.70%). In terms of maximum drawdown, QBTS dropped -96.67% vs QTUM-USD's -99.30%.

Which has better risk-adjusted returns?

QBTS currently has the higher Sharpe Ratio (0.12 vs -0.89), 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.