SES vs. QUBT

Last updated Jun 9, 2026

SES (SES AI Corp) and QUBT (Quantum Computing, Inc.) are both stocks. SES operates in Auto Parts (Consumer Cyclical), while QUBT operates in Computer Hardware (Technology). Over the past 5 years, SES returned -35.53%/yr vs 9.20%/yr for QUBT. At a 0.28 correlation, their price movements are largely independent.

Performance

SES vs. QUBT - Performance Comparison

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

Returns By Period

In the year-to-date period, SES achieves a -37.78% return, which is significantly lower than QUBT's 1.85% return.

SES

• 1D: -5.08%
• 1M: 20.53%
• YTD: -37.78%
• 6M: -46.67%
• 1Y: 7.69%
• 3Y*: -17.44%
• 5Y*: -35.53%
• 10Y*: —

QUBT

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

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

SES vs. QUBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SES SES AI Corp	-37.78%	-17.81%	19.67%	-41.90%	-68.34%	-7.44%
QUBT Quantum Computing, Inc.	1.85%	-38.01%	1,712.51%	-39.53%	-55.72%	-62.53%

Correlation

The correlation between SES and QUBT is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021	0.28

Over the past year, SES and QUBT have become more correlated (0.51) than their long-term average of 0.28, meaning their price movements have been converging.

Fundamentals

Market Cap SES : $372.78M QUBT : $2.34B
EPS SES : -$0.22 QUBT : -$0.21
PS Ratio SES : 16.95 QUBT : 451.06
PB Ratio SES : 1.83 QUBT : 1.47
Total Revenue (TTM) SES : $21.92M QUBT : $4.33M
Gross Profit (TTM) SES : $7.97M QUBT : -$667.00K
EBITDA (TTM) SES : -$68.11M QUBT : -$52.52M

Return for Risk

SES vs. QUBT — Risk / Return Rank

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

SES

SES Risk / Return Rank: 48
SES Sharpe Ratio Rank: 45
SES Sortino Ratio Rank: 53
SES Omega Ratio Rank: 52
SES Calmar Ratio Rank: 45
SES Martin Ratio Rank: 44

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

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.

SES vs. QUBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SES AI Corp (SES) and Quantum Computing, Inc. (QUBT). 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.

	SES	QUBT	Difference
Sharpe ratio: Return per unit of total volatility	0.07	-0.22	+0.30
Sortino ratio: Return per unit of downside risk	0.91	0.43	+0.48
Omega ratio: Gain probability vs. loss probability	1.11	1.04	+0.07
Calmar ratio: Return relative to maximum drawdown	0.10	-0.32	+0.42
Martin ratio: Return relative to average drawdown	0.17	-0.49	+0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SES vs. QUBT - Sharpe Ratio Comparison

The current SES Sharpe Ratio is 0.07, which is higher than the QUBT Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of SES and QUBT, 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

	SES	QUBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	-0.22	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.07	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.06	-0.37

Drawdowns

SES vs. QUBT - Drawdown Comparison

The maximum SES drawdown since its inception was -97.58%, roughly equal to the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for SES and QUBT.

Drawdown Indicators

	SES	QUBT	Difference
Max Drawdown Largest peak-to-trough decline	-97.58%	-97.53%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-74.08%	-74.37%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-91.41%	-82.40%	-9.01%
Max Drawdown (5Y) Largest decline over 5 years	-97.58%	-95.63%	-1.95%
Current Drawdown Current decline from peak	-89.95%	-59.31%	-30.64%
Average Drawdown Average peak-to-trough decline	-65.74%	-72.96%	+7.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.55%	48.08%	-3.53%

Volatility

SES vs. QUBT - Volatility Comparison

The current volatility for SES AI Corp (SES) is 27.91%, while Quantum Computing, Inc. (QUBT) has a volatility of 36.37%. This indicates that SES experiences smaller price fluctuations and is considered to be less risky than QUBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SES	QUBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.91%	36.37%	-8.46%
Volatility (6M) Calculated over the trailing 6-month period	76.82%	67.03%	+9.79%
Volatility (1Y) Calculated over the trailing 1-year period	107.24%	106.87%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.56%	133.10%	-18.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.60%	177.68%	-66.08%

Dividends

SES vs. QUBT - Dividend Comparison

Neither SES nor QUBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SES and QUBT in my portfolio?

SES and QUBT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SES or QUBT?

QUBT has higher volatility (36.37%) compared to SES (27.91%). In terms of maximum drawdown, SES dropped -97.58% vs QUBT's -97.53%.

Which has better risk-adjusted returns?

SES currently has the higher Sharpe Ratio (0.07 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.