QUBT vs. QBTS

Last updated Apr 2, 2026

Compare and contrast key facts about Quantum Computing, Inc. (QUBT) and D-Wave Quantum Inc (QBTS).

Performance

QUBT vs. QBTS - Performance Comparison

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

QUBT vs. QBTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QUBT Quantum Computing, Inc.	-35.28%	-38.01%	1,712.51%	-39.53%	-60.98%
QBTS D-Wave Quantum Inc	-47.61%	211.31%	854.44%	-38.88%	-85.60%

Fundamentals

Market Cap QUBT : $1.43B QBTS : $4.84B
EPS QUBT : -$0.11 QBTS : -$1.08
PS Ratio QUBT : 1.70K QBTS : 183.79
PB Ratio QUBT : 0.90 QBTS : 5.67
Total Revenue (TTM) QUBT : $682.00K QBTS : $24.59M
Gross Profit (TTM) QUBT : $67.00K QBTS : $20.31M
EBITDA (TTM) QUBT : -$36.20M QBTS : -$345.51M

Returns By Period

In the year-to-date period, QUBT achieves a -35.28% return, which is significantly higher than QBTS's -47.61% return.

QUBT

• 1D: -3.07%
• 1M: -22.70%
• YTD: -35.28%
• 6M: -65.00%
• 1Y: -14.43%
• 3Y*: 71.78%
• 5Y*: -1.93%
• 10Y*: —

QBTS

• 1D: -5.06%
• 1M: -27.67%
• YTD: -47.61%
• 6M: -46.55%
• 1Y: 84.64%
• 3Y*: 174.26%
• 5Y*: —
• 10Y*: —

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

Return for Risk

QUBT vs. QBTS — Risk / Return Rank

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

QUBT

QUBT Risk / Return Rank: 38
QUBT Sharpe Ratio Rank: 34
QUBT Sortino Ratio Rank: 47
QUBT Omega Ratio Rank: 42
QUBT Calmar Ratio Rank: 34
QUBT Martin Ratio Rank: 34

QBTS

QBTS Risk / Return Rank: 68
QBTS Sharpe Ratio Rank: 66
QBTS Sortino Ratio Rank: 77
QBTS Omega Ratio Rank: 69
QBTS Calmar Ratio Rank: 64
QBTS Martin Ratio Rank: 63

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.

QUBT vs. QBTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantum Computing, Inc. (QUBT) and D-Wave Quantum Inc (QBTS). 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.

	QUBT	QBTS	Difference
Sharpe ratio Return per unit of total volatility	-0.13	0.72	-0.85
Sortino ratio Return per unit of downside risk	0.70	1.99	-1.29
Omega ratio Gain probability vs. loss probability	1.07	1.21	-0.14
Calmar ratio Return relative to maximum drawdown	-0.23	1.13	-1.36
Martin ratio Return relative to average drawdown	-0.42	2.37	-2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QUBT vs. QBTS - Sharpe Ratio Comparison

The current QUBT Sharpe Ratio is -0.13, which is lower than the QBTS Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of QUBT and QBTS, 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

	QUBT	QBTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	0.72	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.06	-0.04

Correlation

The correlation between QUBT and QBTS is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QUBT vs. QBTS - Dividend Comparison

Neither QUBT nor QBTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QUBT vs. QBTS - Drawdown Comparison

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

Drawdown Indicators

	QUBT	QBTS	Difference
Max Drawdown Largest peak-to-trough decline	-97.53%	-96.67%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-74.37%	-71.01%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	-95.63%	—	—
Current Drawdown Current decline from peak	-74.14%	-69.41%	-4.73%
Average Drawdown Average peak-to-trough decline	-73.24%	-66.49%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.75%	33.85%	+6.90%

Volatility

QUBT vs. QBTS - Volatility Comparison

The current volatility for Quantum Computing, Inc. (QUBT) is 17.25%, while D-Wave Quantum Inc (QBTS) has a volatility of 20.52%. This indicates that QUBT experiences smaller price fluctuations and is considered to be less risky than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUBT	QBTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.25%	20.52%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	70.90%	78.03%	-7.13%
Volatility (1Y) Calculated over the trailing 1-year period	114.38%	117.73%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	134.20%	151.96%	-17.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	179.10%	151.96%	+27.14%

Financials