QUBT vs. WULF

Last updated Jun 9, 2026

QUBT (Quantum Computing, Inc.) and WULF (TeraWulf Inc.) are both stocks. QUBT operates in Computer Hardware (Technology), while WULF operates in Capital Markets (Financial Services). Over the past 5 years, QUBT returned 9.20%/yr vs 22.83%/yr for WULF. At a 0.21 correlation, their price movements are largely independent.

Performance

QUBT vs. WULF - Performance Comparison

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

Returns By Period

In the year-to-date period, QUBT achieves a 1.85% return, which is significantly lower than WULF's 125.07% return.

QUBT

• 1D: 4.97%
• 1M: 8.85%
• YTD: 1.85%
• 6M: -19.68%
• 1Y: -23.72%
• 3Y*: 90.15%
• 5Y*: 9.20%
• 10Y*: —

WULF

• 1D: 7.75%
• 1M: 10.56%
• YTD: 125.07%
• 6M: 72.86%
• 1Y: 494.48%
• 3Y*: 168.90%
• 5Y*: 22.83%
• 10Y*: 10.67%

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

QUBT vs. WULF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QUBT Quantum Computing, Inc.	1.85%	-38.01%	1,712.51%	-39.53%	-55.72%	-75.83%	370.33%	0.00%	-42.31%
WULF TeraWulf Inc.	125.07%	103.00%	135.83%	260.58%	-95.58%	77.08%	86.34%	-36.55%	-17.74%

Correlation

The correlation between QUBT and WULF is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 1, 2018	0.21

Over the past year, QUBT and WULF have become more correlated (0.50) than their long-term average of 0.21, meaning their price movements have been converging.

Fundamentals

Market Cap QUBT : $2.34B WULF : $10.94B
EPS QUBT : -$0.21 WULF : -$2.55
PS Ratio QUBT : 451.06 WULF : 61.90
Total Revenue (TTM) QUBT : $4.33M WULF : $168.06M
Gross Profit (TTM) QUBT : -$667.00K WULF : $107.59M
EBITDA (TTM) QUBT : -$52.52M WULF : -$132.10M

Return for Risk

QUBT vs. WULF — Risk / Return Rank

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

QUBT

QUBT Risk / Return Rank: 36
QUBT Sharpe Ratio Rank: 33
QUBT Sortino Ratio Rank: 41
QUBT Omega Ratio Rank: 39
QUBT Calmar Ratio Rank: 32
QUBT Martin Ratio Rank: 33

WULF

WULF Risk / Return Rank: 97
WULF Sharpe Ratio Rank: 99
WULF Sortino Ratio Rank: 96
WULF Omega Ratio Rank: 94
WULF Calmar Ratio Rank: 99
WULF Martin Ratio Rank: 99

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. WULF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantum Computing, Inc. (QUBT) and TeraWulf Inc. (WULF). 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	WULF	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	4.72	-4.95
Sortino ratio: Return per unit of downside risk	0.43	4.27	-3.84
Omega ratio: Gain probability vs. loss probability	1.04	1.51	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.32	15.71	-16.03
Martin ratio: Return relative to average drawdown	-0.49	41.48	-41.98
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. WULF - Sharpe Ratio Comparison

The current QUBT Sharpe Ratio is -0.22, which is lower than the WULF Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of QUBT and WULF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QUBT	WULF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	4.72	-4.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.18	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.11	-0.06

Drawdowns

QUBT vs. WULF - Drawdown Comparison

The maximum QUBT drawdown since its inception was -97.53%, roughly equal to the maximum WULF drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for QUBT and WULF.

Drawdown Indicators

	QUBT	WULF	Difference
Max Drawdown Largest peak-to-trough decline	-97.53%	-98.50%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-74.37%	-31.74%	-42.63%
Max Drawdown (3Y) Largest decline over 3 years	-82.40%	-75.77%	-6.63%
Max Drawdown (5Y) Largest decline over 5 years	-95.63%	-98.50%	+2.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.50%	—
Current Drawdown Current decline from peak	-59.31%	-28.31%	-31.00%
Average Drawdown Average peak-to-trough decline	-72.96%	-46.67%	-26.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.08%	12.00%	+36.08%

Volatility

QUBT vs. WULF - Volatility Comparison

Quantum Computing, Inc. (QUBT) has a higher volatility of 36.37% compared to TeraWulf Inc. (WULF) at 21.75%. This indicates that QUBT's price experiences larger fluctuations and is considered to be riskier than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUBT	WULF	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.37%	21.75%	+14.62%
Volatility (6M) Calculated over the trailing 6-month period	67.03%	64.60%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	106.87%	105.83%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.10%	127.48%	+5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	177.68%	101.40%	+76.28%

Dividends

QUBT vs. WULF - Dividend Comparison

Neither QUBT nor WULF has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
QUBT Quantum Computing, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WULF TeraWulf Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	33.22%

Financials

Frequently Asked Questions

Can I hold both QUBT and WULF in my portfolio?

QUBT and WULF have a correlation of 0.50, 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 WULF?

QUBT has higher volatility (36.37%) compared to WULF (21.75%). In terms of maximum drawdown, QUBT dropped -97.53% vs WULF's -98.50%.

Which has better risk-adjusted returns?

WULF currently has the higher Sharpe Ratio (4.72 vs -0.22), 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.