RGTI vs. QBTS

Last updated Jun 19, 2026

RGTI (Rigetti 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, RGTI returned 167.97%/yr vs 135.93%/yr for QBTS. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

RGTI vs. QBTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rigetti Computing Inc (RGTI) 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, RGTI achieves a -3.57% return, which is significantly higher than QBTS's -5.58% return.

RGTI

• 1D: 5.51%
• 1M: 33.83%
• YTD: -3.57%
• 6M: -6.40%
• 1Y: 88.19%
• 3Y*: 167.97%
• 5Y*: 16.98%
• 10Y*: —

QBTS

• 1D: 7.72%
• 1M: 35.73%
• YTD: -5.58%
• 6M: -0.80%
• 1Y: 57.16%
• 3Y*: 135.93%
• 5Y*: —
• 10Y*: —

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

RGTI vs. QBTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RGTI Rigetti Computing Inc	-3.57%	45.15%	1,449.40%	35.07%	-83.61%
QBTS D-Wave Quantum Inc	-5.58%	211.31%	854.44%	-38.88%	-83.96%

Correlation

The correlation between RGTI and QBTS is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.61

Over the past year, RGTI and QBTS have become more correlated (0.90) than their long-term average of 0.61, meaning their price movements have been converging.

Fundamentals

Market Cap RGTI : $7.16B QBTS : $9.07B
EPS RGTI : -$0.71 QBTS : -$1.08
PS Ratio RGTI : 676.29 QBTS : 673.11
PB Ratio RGTI : 12.28 QBTS : 8.07
Total Revenue (TTM) RGTI : $10.02M QBTS : $12.44M
Gross Profit (TTM) RGTI : $3.00M QBTS : $8.25M
EBITDA (TTM) RGTI : -$263.06M QBTS : -$399.03M

Return for Risk

RGTI vs. QBTS — Risk / Return Rank

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

RGTI

RGTI Risk / Return Rank: 67
RGTI Sharpe Ratio Rank: 68
RGTI Sortino Ratio Rank: 75
RGTI Omega Ratio Rank: 69
RGTI Calmar Ratio Rank: 65
RGTI Martin Ratio Rank: 60

QBTS

QBTS Risk / Return Rank: 61
QBTS Sharpe Ratio Rank: 60
QBTS Sortino Ratio Rank: 69
QBTS Omega Ratio Rank: 62
QBTS Calmar Ratio Rank: 60
QBTS Martin Ratio Rank: 56

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.

RGTI vs. QBTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rigetti Computing Inc (RGTI) 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.

	RGTI	QBTS	Difference
Sharpe ratio: Return per unit of total volatility	0.81	0.52	+0.29
Sortino ratio: Return per unit of downside risk	1.91	1.59	+0.32
Omega ratio: Gain probability vs. loss probability	1.21	1.17	+0.04
Calmar ratio: Return relative to maximum drawdown	1.15	0.81	+0.34
Martin ratio: Return relative to average drawdown	1.75	1.40	+0.35

RGTI vs. QBTS - Sharpe Ratio Comparison

The current RGTI Sharpe Ratio is 0.81, which is higher than the QBTS Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of RGTI 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

RGTI vs. QBTS - Drawdown Comparison

The maximum RGTI drawdown since its inception was -96.89%, roughly equal to the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for RGTI and QBTS.

Drawdown Indicators

	RGTI	QBTS	Difference
Max Drawdown Largest peak-to-trough decline	-96.89%	-96.67%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	-77.10%	-71.01%	-6.09%
Max Drawdown (3Y) Largest decline over 3 years	-78.83%	-79.17%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-96.89%	—	—
Current Drawdown Current decline from peak	-62.09%	-44.86%	-17.23%
Average Drawdown Average peak-to-trough decline	-58.85%	-65.57%	+6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.57%	41.03%	+9.54%

Volatility

RGTI vs. QBTS - Volatility Comparison

Rigetti Computing Inc (RGTI) and D-Wave Quantum Inc (QBTS) have volatilities of 44.86% and 43.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGTI	QBTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.86%	43.99%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	71.67%	77.47%	-5.80%
Volatility (1Y) Calculated over the trailing 1-year period	109.45%	109.49%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.16%	150.94%	-21.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.11%	150.94%	-23.83%

Dividends

RGTI vs. QBTS - Dividend Comparison

Neither RGTI nor QBTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RGTI and QBTS in my portfolio?

RGTI and QBTS have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGTI or QBTS?

RGTI has higher volatility (44.86%) compared to QBTS (43.99%). In terms of maximum drawdown, RGTI dropped -96.89% vs QBTS's -96.67%.

Which has better risk-adjusted returns?

RGTI currently has the higher Sharpe Ratio (0.81 vs 0.52), 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.