QUBT vs. QBTS

Last updated Aug 1, 2026

QUBT (Quantum Computing, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. Both operate in the Computer Hardware industry within the Technology sector. Over the past 3 years, QUBT returned 73.16%/yr vs 88.49%/yr for QBTS. Their 0.56 correlation means they have sometimes moved together and sometimes differently.

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.

Returns By Period

In the year-to-date period, QUBT achieves a -21.05% return, which is significantly higher than QBTS's -30.86% return.

QUBT

• 1D: 1.00%
• 1M: -10.50%
• 6M: -12.62%
• YTD: -21.05%
• 1Y: -45.27%
• 3Y*: 73.16%
• 5Y*: -2.81%
• 10Y*: —
• ALL TIME*: 5.70%

QBTS

• 1D: 0.56%
• 1M: -19.75%
• 6M: -14.80%
• YTD: -30.86%
• 1Y: 10.38%
• 3Y*: 88.49%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QBTS D-Wave Quantum Inc	$359.00M	$350.88M	$734.73M
QUBT Quantum Computing, Inc.	$67.13M	$75.12M	$203.10M

QUBT vs. QBTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QUBT Quantum Computing, Inc.	-21.05%	-38.01%	1,712.51%	-39.53%	-58.40%
QBTS D-Wave Quantum Inc	-30.86%	211.31%	854.44%	-38.88%	-83.96%

Correlation

The correlation between QUBT and QBTS is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.56

Over the past year, QUBT and QBTS have become more correlated (0.83) than their long-term average of 0.56, meaning their price movements have been converging.

Fundamentals

Market Cap QUBT : $1.11B QBTS : $6.64B
EPS QUBT : -$0.20 QBTS : -$1.04
PS Ratio QUBT : 378.07 QBTS : 514.63
PB Ratio QUBT : 1.14 QBTS : 5.91
Total Revenue (TTM) QUBT : $4.33M QBTS : $12.44M
Gross Profit (TTM) QUBT : -$667.00K QBTS : $8.25M
EBITDA (TTM) QUBT : -$52.52M QBTS : -$399.03M

Return for Risk

QUBT vs. QBTS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QUBT

QUBT Risk / Return Rank: 26
QUBT Sharpe Ratio Rank: 24
QUBT Sortino Ratio Rank: 29
QUBT Omega Ratio Rank: 29
QUBT Calmar Ratio Rank: 21
QUBT Martin Ratio Rank: 26

QBTS

QBTS Risk / Return Rank: 50
QBTS Sharpe Ratio Rank: 46
QBTS Sortino Ratio Rank: 58
QBTS Omega Ratio Rank: 53
QBTS Calmar Ratio Rank: 47
QBTS Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	QUBT	QBTS	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	0.05	-0.50
Sortino ratio: Return per unit of downside risk	-0.18	0.96	-1.14
Omega ratio: Gain probability vs. loss probability	0.98	1.10	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.61	0.07	-0.69
Martin ratio: Return relative to average drawdown	-0.86	0.12	-0.98

QUBT vs. QBTS - Sharpe Ratio Comparison

The current QUBT Sharpe Ratio is -0.45, which is lower than the QBTS Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of QUBT and QBTS, 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

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 (3Y) Largest decline over 3 years	-82.40%	-71.01%	-11.39%
Max Drawdown (5Y) Largest decline over 5 years	-94.83%	—	—
Current Drawdown Current decline from peak	-68.46%	-59.62%	-8.84%
Average Drawdown Average peak-to-trough decline	-72.77%	-65.27%	-7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.85%	44.79%	+8.06%

Volatility

QUBT vs. QBTS - Volatility Comparison

The current volatility for Quantum Computing, Inc. (QUBT) is 22.60%, while D-Wave Quantum Inc (QBTS) has a volatility of 30.87%. 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	22.60%	30.87%	-8.27%
Volatility (6M) Calculated over the trailing 6-month period	67.68%	77.01%	-9.33%
Volatility (1Y) Calculated over the trailing 1-year period	100.31%	110.95%	-10.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.80%	149.71%	-16.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	176.32%	149.71%	+26.61%

Dividends

QUBT vs. QBTS - Dividend Comparison

Neither QUBT nor QBTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both QUBT and QBTS in my portfolio?

QUBT and QBTS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QUBT or QBTS?

QBTS has higher volatility (30.87%) compared to QUBT (22.60%). In terms of maximum drawdown, QUBT dropped -97.53% vs QBTS's -96.67%.

Which has better risk-adjusted returns?

QBTS currently has the higher Sharpe Ratio (0.05 vs -0.45), 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.