TDUP vs. QBTS
TDUP (ThredUp Inc.) and QBTS (D-Wave Quantum Inc) are both stocks. TDUP operates in Internet Retail (Consumer Cyclical), while QBTS operates in Computer Hardware (Technology). Over the past 3 years, TDUP returned 34.85%/yr vs 103.94%/yr for QBTS. At a 0.22 correlation, their price movements are largely independent.
Performance
TDUP vs. QBTS - Performance Comparison
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Returns By Period
In the year-to-date period, TDUP achieves a -3.29% return, which is significantly higher than QBTS's -28.64% return.
TDUP
- 1D
- -6.36%
- 1M
- 22.38%
- 6M
- 0.98%
- YTD
- -3.29%
- 1Y
- -12.71%
- 3Y*
- 34.85%
- 5Y*
- -25.78%
- 10Y*
- —
QBTS
- 1D
- -7.12%
- 1M
- -20.15%
- 6M
- -35.21%
- YTD
- -28.64%
- 1Y
- 26.00%
- 3Y*
- 103.94%
- 5Y*
- —
- 10Y*
- —
TDUP vs. QBTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TDUP ThredUp Inc. | -3.29% | 359.71% | -38.22% | 71.76% | -56.91% |
QBTS D-Wave Quantum Inc | -28.64% | 211.31% | 854.44% | -38.88% | -83.96% |
Correlation
The correlation between TDUP and QBTS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022 | 0.22 |
Fundamentals
TDUP:
$797.47M
QBTS:
$6.86B
TDUP:
-$0.17
QBTS:
-$1.04
TDUP:
2.42
QBTS:
531.13
TDUP:
13.29
QBTS:
6.10
TDUP:
$321.19M
QBTS:
$12.44M
TDUP:
$255.04M
QBTS:
$8.25M
TDUP:
$7.79M
QBTS:
-$399.03M
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Return for Risk
TDUP vs. QBTS — Risk / Return Rank
TDUP
QBTS
TDUP vs. QBTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ThredUp Inc. (TDUP) 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.
| TDUP | QBTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.13 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.37 | -0.54 |
| Martin ratioReturn relative to average drawdown | -0.27 | 0.61 | -0.88 |
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Drawdowns
TDUP vs. QBTS - Drawdown Comparison
The maximum TDUP drawdown since its inception was -98.32%, roughly equal to the maximum QBTS drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for TDUP and QBTS.
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Drawdown Indicators
| TDUP | QBTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.32% | -96.67% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -74.25% | -71.01% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -87.42% | -79.17% | -8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -98.14% | — | — |
Current DrawdownCurrent decline from peak | -80.32% | -58.33% | -21.99% |
Average DrawdownAverage peak-to-trough decline | -79.65% | -65.34% | -14.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.38% | 42.79% | +4.59% |
Volatility
TDUP vs. QBTS - Volatility Comparison
The current volatility for ThredUp Inc. (TDUP) is 17.38%, while D-Wave Quantum Inc (QBTS) has a volatility of 24.70%. This indicates that TDUP 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
| TDUP | QBTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.38% | 24.70% | -7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 52.26% | 73.85% | -21.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.15% | 109.96% | -42.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.30% | 150.05% | -45.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.03% | 150.05% | -43.02% |
Dividends
TDUP vs. QBTS - Dividend Comparison
Neither TDUP nor QBTS has paid dividends to shareholders.
Financials
TDUP vs. QBTS - Financials Comparison
This section allows you to compare key financial metrics between ThredUp 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
TDUP and QBTS have a correlation of 0.30, 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 TDUP (17.38%). In terms of maximum drawdown, TDUP dropped -98.32% vs QBTS's -96.67%.
QBTS currently has the higher Sharpe Ratio (0.24 vs -0.19), 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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