Compare/Updated Oct 26, 2026, refreshed every trading day
IONQ vs QBTS
IonQ, Inc. against D-Wave Quantum Inc.: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
IONQ did better over the full period: $1,000 invested on October 28, 2022 grew to $5,496, versus $3,029 for QBTS. IONQ also had the stronger three-year return, +128.4% compared with QBTS’s +1,203.5%—though QBTS’s longer-period percentage reflects a much lower starting base and does not translate into the larger ending investment value shown. IONQ’s recent performance was less weak across every listed period, while QBTS suffered larger losses over one month, three months, six months, YTD, and one year. Risk was also lower for IONQ: 91.7% volatility versus 104.2% for QBTS, and a worst drawdown of -67.6% versus -89.3%. Their daily returns were moderately correlated at 0.553, rising to 0.848 over the last 12 months, so diversification benefits have recently diminished.
- Price is below its 200-day average ($43); 50-day at $39.
- RSI 34, neutral. Supertrend says sell. ADX 29, so the trend is strong.
- Price is below its 200-day average ($20); 50-day at $16.
- RSI 28, oversold. Supertrend says sell. ADX 34, so the trend is strong.
Head to head
Which has returned more, IONQ or QBTS?
IONQ beat QBTS in 27 of the last 48 months; QBTS won the other 21. The typical monthly gap was 16.60 points.
Total return by period
Which is riskier?
IONQ: Oct 13, 2025 to Mar 30, 2026; QBTS: Oct 28, 2022 to May 12, 2023
- 0.553
- correlation of daily moves, 4 years
- 0.37
- IONQ move per 1% in QBTS
- 0.848
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 16.60 points.
When did they diverge?
| Month | IONQ | QBTS | Gap |
|---|---|---|---|
| December 2024 | +14.4% | +178.2% | -163.71 pts |
| February 2024 | +0.9% | +118.9% | -117.98 pts |
| May 2025 | +46.9% | +136.3% | -89.42 pts |
| October 2024 | +72.0% | +7.8% | +64.12 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with IONQ and QBTS?
- Price
- $31.27
- Price
- $11.66
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