SOUN vs. QBTS
SOUN (SoundHound AI, Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. Both are in the Technology sector — SOUN in Software - Application, QBTS in Computer Hardware. Over the past 3 years, SOUN returned 23.21%/yr vs 103.94%/yr for QBTS. At a 0.39 correlation, their price movements are largely independent.
Performance
SOUN vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, SOUN achieves a -34.90% return, which is significantly lower than QBTS's -28.64% return.
SOUN
- 1D
- -2.26%
- 1M
- -5.94%
- 6M
- -43.91%
- YTD
- -34.90%
- 1Y
- -43.91%
- 3Y*
- 23.21%
- 5Y*
- —
- 10Y*
- —
QBTS
- 1D
- -7.12%
- 1M
- -20.15%
- 6M
- -35.21%
- YTD
- -28.64%
- 1Y
- 26.00%
- 3Y*
- 103.94%
- 5Y*
- —
- 10Y*
- —
SOUN vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -34.90% | -49.75% | 835.85% | 19.77% | -53.05% |
QBTS D-Wave Quantum Inc | -28.64% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between SOUN and QBTS is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.39 |
The correlation between SOUN and QBTS shifts across timeframes, from 0.39 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SOUN:
$2.83B
QBTS:
$6.86B
SOUN:
-$0.43
QBTS:
-$1.04
SOUN:
13.73
QBTS:
531.13
SOUN:
4.77
QBTS:
6.10
SOUN:
$183.99M
QBTS:
$12.44M
SOUN:
$69.84M
QBTS:
$8.25M
SOUN:
-$124.47M
QBTS:
-$399.03M
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Return for Risk
SOUN vs. QBTS — Risk / Return Rank
SOUN
QBTS
SOUN vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) 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.
| SOUN | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.13 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.37 | -0.98 |
| Martin ratioReturn relative to average drawdown | -0.90 | 0.61 | -1.51 |
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Drawdowns
SOUN vs. QBTS - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, roughly equal to the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for SOUN and QBTS.
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Drawdown Indicators
| SOUN | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -96.67% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -71.01% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -79.17% | +3.52% |
Current DrawdownCurrent decline from peak | -73.22% | -58.33% | -14.89% |
Average DrawdownAverage peak-to-trough decline | -67.03% | -65.34% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.04% | 42.79% | +6.25% |
Volatility
SOUN vs. QBTS - Volatility Comparison
The current volatility for SoundHound AI, Inc. (SOUN) is 15.73%, while D-Wave Quantum Inc (QBTS) has a volatility of 24.70%. This indicates that SOUN 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
| SOUN | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.73% | 24.70% | -8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 52.60% | 73.85% | -21.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.28% | 109.96% | -30.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.23% | 150.05% | -14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 135.23% | 150.05% | -14.82% |
Dividends
SOUN vs. QBTS - Dividend Comparison
Neither SOUN nor QBTS has paid dividends to shareholders.
Financials
SOUN vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between SoundHound AI, Inc. 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
SOUN and QBTS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTS has higher volatility (24.70%) compared to SOUN (15.73%). In terms of maximum drawdown, SOUN dropped -93.55% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.24 vs -0.56), 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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