SMR vs. QBTS
SMR (NuScale Power Corporation) and QBTS (D-Wave Quantum Inc) are both stocks. SMR operates in Specialty Industrial Machinery (Industrials), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, SMR returned 5.43%/yr vs 123.62%/yr for QBTS. At a 0.38 correlation, their price movements are largely independent.
Performance
SMR vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, SMR achieves a -30.20% return, which is significantly lower than QBTS's -10.63% return.
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
QBTS
- 1D
- -1.89%
- 1M
- 9.00%
- YTD
- -10.63%
- 6M
- -10.46%
- 1Y
- 47.17%
- 3Y*
- 123.62%
- 5Y*
- —
- 10Y*
- —
SMR vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | -29.82% |
QBTS D-Wave Quantum Inc | -10.63% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between SMR and QBTS is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.38 |
Over the past year, SMR and QBTS have become more correlated (0.66) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
SMR:
$3.16B
QBTS:
$8.59B
SMR:
-$2.02
QBTS:
-$1.08
SMR:
104.42
QBTS:
637.12
SMR:
2.71
QBTS:
7.64
SMR:
$18.10M
QBTS:
$12.44M
SMR:
$4.45M
QBTS:
$8.25M
SMR:
-$696.20M
QBTS:
-$399.03M
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Return for Risk
SMR vs. QBTS — Risk / Return Rank
SMR
QBTS
SMR vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NuScale Power Corporation (SMR) 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.
| SMR | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.16 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.67 | -1.58 |
| Martin ratioReturn relative to average drawdown | -1.32 | 1.16 | -2.48 |
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Drawdowns
SMR vs. QBTS - Drawdown Comparison
The maximum SMR drawdown since its inception was -87.47%, smaller than the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for SMR and QBTS.
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Drawdown Indicators
| SMR | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.47% | -96.67% | +9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -82.86% | -71.01% | -11.85% |
Max Drawdown (3Y)Largest decline over 3 years | -82.86% | -79.17% | -3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -87.47% | — | — |
Current DrawdownCurrent decline from peak | -81.49% | -47.81% | -33.68% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -65.66% | +30.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.39% | 40.64% | +16.75% |
Volatility
SMR vs. QBTS - Volatility Comparison
The current volatility for NuScale Power Corporation (SMR) is 28.93%, while D-Wave Quantum Inc (QBTS) has a volatility of 42.66%. This indicates that SMR 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.
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Volatility by Period
| SMR | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.93% | 42.66% | -13.73% |
Volatility (6M)Calculated over the trailing 6-month period | 69.57% | 76.89% | -7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.59% | 108.46% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.50% | 150.99% | -57.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.31% | 150.99% | -61.68% |
Dividends
SMR vs. QBTS - Dividend Comparison
Neither SMR nor QBTS has paid dividends to shareholders.
Financials
SMR vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between NuScale Power 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
SMR and QBTS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (42.66%) compared to SMR (28.93%). In terms of maximum drawdown, SMR dropped -87.47% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.44 vs -0.74), 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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