QBTS vs. REAL

Last updated Apr 1, 2026

Compare and contrast key facts about D-Wave Quantum Inc (QBTS) and The RealReal, Inc. (REAL).

Performance

QBTS vs. REAL - Performance Comparison

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

QBTS vs. REAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QBTS D-Wave Quantum Inc	-44.82%	211.31%	854.44%	-38.88%	-85.60%
REAL The RealReal, Inc.	-42.46%	44.37%	443.78%	60.80%	-65.37%

Fundamentals

Market Cap QBTS : $5.09B REAL : $2.67B
EPS QBTS : -$1.08 REAL : -$0.14
PS Ratio QBTS : 193.58 REAL : 3.86
Total Revenue (TTM) QBTS : $24.59M REAL : $692.85M
Gross Profit (TTM) QBTS : $20.31M REAL : $516.82M
EBITDA (TTM) QBTS : -$345.51M REAL : $52.71M

Returns By Period

In the year-to-date period, QBTS achieves a -44.82% return, which is significantly lower than REAL's -42.46% return.

QBTS

• 1D: 11.17%
• 1M: -23.16%
• YTD: -44.82%
• 6M: -41.60%
• 1Y: 89.87%
• 3Y*: 179.05%
• 5Y*: —
• 10Y*: —

REAL

• 1D: 11.82%
• 1M: -25.94%
• YTD: -42.46%
• 6M: -14.58%
• 1Y: 68.46%
• 3Y*: 93.15%
• 5Y*: -16.74%
• 10Y*: —

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

Return for Risk

QBTS vs. REAL — Risk / Return Rank

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

QBTS

QBTS Risk / Return Rank: 71
QBTS Sharpe Ratio Rank: 69
QBTS Sortino Ratio Rank: 80
QBTS Omega Ratio Rank: 71
QBTS Calmar Ratio Rank: 69
QBTS Martin Ratio Rank: 66

REAL

REAL Risk / Return Rank: 70
REAL Sharpe Ratio Rank: 70
REAL Sortino Ratio Rank: 73
REAL Omega Ratio Rank: 70
REAL Calmar Ratio Rank: 67
REAL Martin Ratio Rank: 68

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. REAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and The RealReal, Inc. (REAL). 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	REAL	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.83	-0.06
Sortino ratio Return per unit of downside risk	2.04	1.68	+0.36
Omega ratio Gain probability vs. loss probability	1.22	1.22	0.00
Calmar ratio Return relative to maximum drawdown	1.27	1.19	+0.09
Martin ratio Return relative to average drawdown	2.69	3.04	-0.35
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. REAL - Sharpe Ratio Comparison

The current QBTS Sharpe Ratio is 0.77, which is comparable to the REAL Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of QBTS and REAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QBTS	REAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.83	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	-0.17	+0.24

Correlation

The correlation between QBTS and REAL is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QBTS vs. REAL - Dividend Comparison

Neither QBTS nor REAL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QBTS vs. REAL - Drawdown Comparison

The maximum QBTS drawdown since its inception was -96.67%, roughly equal to the maximum REAL drawdown of -96.44%. Use the drawdown chart below to compare losses from any high point for QBTS and REAL.

Drawdown Indicators

	QBTS	REAL	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-96.44%	-0.23%
Max Drawdown (1Y) Largest decline over 1 year	-71.01%	-51.95%	-19.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.98%	—
Current Drawdown Current decline from peak	-67.78%	-68.58%	+0.80%
Average Drawdown Average peak-to-trough decline	-66.49%	-67.46%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.60%	20.27%	+13.33%

Volatility

QBTS vs. REAL - Volatility Comparison

The current volatility for D-Wave Quantum Inc (QBTS) is 20.29%, while The RealReal, Inc. (REAL) has a volatility of 22.07%. This indicates that QBTS experiences smaller price fluctuations and is considered to be less risky than REAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBTS	REAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.29%	22.07%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	77.91%	54.35%	+23.56%
Volatility (1Y) Calculated over the trailing 1-year period	117.60%	83.21%	+34.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.02%	97.38%	+54.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	152.02%	94.39%	+57.63%

Financials