QBTS vs. QUBT

Last updated Jun 23, 2026

QBTS (D-Wave Quantum Inc) and QUBT (Quantum Computing, Inc.) are both stocks. Both operate in the Computer Hardware industry within the Technology sector. Over the past 3 years, QBTS returned 146.69%/yr vs 99.87%/yr for QUBT. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

QBTS vs. QUBT - Performance Comparison

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

Returns By Period

In the year-to-date period, QBTS achieves a -6.42% return, which is significantly lower than QUBT's 2.73% return.

QBTS

• 1D: -0.89%
• 1M: -16.77%
• YTD: -6.42%
• 6M: -23.98%
• 1Y: 56.36%
• 3Y*: 146.69%
• 5Y*: —
• 10Y*: —

QUBT

• 1D: -2.04%
• 1M: -14.38%
• YTD: 2.73%
• 6M: -14.24%
• 1Y: -44.17%
• 3Y*: 99.87%
• 5Y*: 14.10%
• 10Y*: —

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

QBTS vs. QUBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QBTS D-Wave Quantum Inc	-6.42%	211.31%	854.44%	-38.88%	-83.96%
QUBT Quantum Computing, Inc.	2.73%	-38.01%	1,712.51%	-39.53%	-58.40%

Correlation

The correlation between QBTS and QUBT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.55

Over the past year, QBTS and QUBT have become more correlated (0.82) than their long-term average of 0.55, meaning their price movements have been converging.

Fundamentals

Market Cap QBTS : $8.99B QUBT : $2.36B
EPS QBTS : -$1.08 QUBT : -$0.21
PS Ratio QBTS : 667.11 QUBT : 454.94
PB Ratio QBTS : 8.00 QUBT : 1.48
Total Revenue (TTM) QBTS : $12.44M QUBT : $4.33M
Gross Profit (TTM) QBTS : $8.25M QUBT : -$667.00K
EBITDA (TTM) QBTS : -$399.03M QUBT : -$52.52M

Return for Risk

QBTS vs. QUBT — Risk / Return Rank

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

QBTS

QBTS Risk / Return Rank: 61
QBTS Sharpe Ratio Rank: 60
QBTS Sortino Ratio Rank: 68
QBTS Omega Ratio Rank: 62
QBTS Calmar Ratio Rank: 60
QBTS Martin Ratio Rank: 57

QUBT

QUBT Risk / Return Rank: 25
QUBT Sharpe Ratio Rank: 23
QUBT Sortino Ratio Rank: 28
QUBT Omega Ratio Rank: 29
QUBT Calmar Ratio Rank: 20
QUBT Martin Ratio Rank: 24

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. QUBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and Quantum Computing, Inc. (QUBT). 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	QUBT	Difference
Sharpe ratio: Return per unit of total volatility	0.52	-0.44	+0.96
Sortino ratio: Return per unit of downside risk	1.58	-0.13	+1.71
Omega ratio: Gain probability vs. loss probability	1.17	0.99	+0.18
Calmar ratio: Return relative to maximum drawdown	0.80	-0.60	+1.39
Martin ratio: Return relative to average drawdown	1.37	-0.90	+2.27

QBTS vs. QUBT - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.52, which is higher than the QUBT Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of QBTS and QUBT, 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. QUBT - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, roughly equal to the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for QBTS and QUBT.

Drawdown Indicators

	QBTS	QUBT	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-97.53%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-74.37%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-82.40%	+3.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.63%	—
Current Drawdown Current decline from peak	-45.36%	-58.96%	+13.60%
Average Drawdown Average peak-to-trough decline	-65.55%	-72.86%	+7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.13%	49.24%	-8.11%

Volatility

QBTS vs. QUBT - Volatility Comparison

D-Wave Quantum Inc (QBTS) has a higher volatility of 43.79% compared to Quantum Computing, Inc. (QUBT) at 34.46%. This indicates that QBTS's price experiences larger fluctuations and is considered to be riskier than QUBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	QUBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.79%	34.46%	+9.33%
Volatility (6M) Calculated over the trailing 6-month period	77.15%	67.92%	+9.23%
Volatility (1Y) Calculated over the trailing 1-year period	109.72%	101.34%	+8.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.86%	133.24%	+17.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.86%	177.37%	-26.51%

Dividends

QBTS vs. QUBT - Dividend Comparison

Neither QBTS nor QUBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both QBTS and QUBT in my portfolio?

QBTS and QUBT have a correlation of 0.82, 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 QUBT?

QBTS has higher volatility (43.79%) compared to QUBT (34.46%). In terms of maximum drawdown, QBTS dropped -96.67% vs QUBT's -97.53%.

Which has better risk-adjusted returns?

QBTS currently has the higher Sharpe Ratio (0.52 vs -0.44), 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.