RDW vs. QBTS
RDW (Redwire Corporation) and QBTS (D-Wave Quantum Inc) are both stocks. RDW operates in Aerospace & Defense (Industrials), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, RDW returned 79.83%/yr vs 123.62%/yr for QBTS. At a 0.37 correlation, their price movements are largely independent.
Performance
RDW vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 98.95% return, which is significantly higher than QBTS's -10.63% return.
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
RDW vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -42.44% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between RDW and QBTS is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.37 |
Over the past year, RDW and QBTS have become more correlated (0.61) than their long-term average of 0.37, meaning their price movements have been converging.
Fundamentals
RDW:
$2.93B
QBTS:
$8.59B
RDW:
-$2.16
QBTS:
-$1.08
RDW:
5.66
QBTS:
637.12
RDW:
2.90
QBTS:
7.64
RDW:
$370.96M
QBTS:
$12.44M
RDW:
$34.05M
QBTS:
$8.25M
RDW:
-$221.85M
QBTS:
-$399.03M
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Return for Risk
RDW vs. QBTS — Risk / Return Rank
RDW
QBTS
RDW vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) 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.
| RDW | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.67 | -0.96 |
| Martin ratioReturn relative to average drawdown | -0.42 | 1.16 | -1.58 |
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Drawdowns
RDW vs. QBTS - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for RDW and QBTS.
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Drawdown Indicators
| RDW | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -96.67% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -75.40% | -71.01% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -79.17% | -1.11% |
Current DrawdownCurrent decline from peak | -41.62% | -47.81% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -59.30% | -65.66% | +6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.88% | 40.64% | +11.24% |
Volatility
RDW vs. QBTS - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 53.68% compared to D-Wave Quantum Inc (QBTS) at 42.66%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than QBTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.68% | 42.66% | +11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 94.49% | 76.89% | +17.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.63% | 108.46% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.83% | 150.99% | -54.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.83% | 150.99% | -54.16% |
Dividends
RDW vs. QBTS - Dividend Comparison
Neither RDW nor QBTS has paid dividends to shareholders.
Financials
RDW vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between Redwire Corporation and D-Wave Quantum Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
RDW and QBTS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to QBTS (42.66%). In terms of maximum drawdown, RDW dropped -87.26% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 vs -0.18), 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.
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