ARQQ vs QBTS: Correlation
How closely do Arqit Quantum Inc. (ARQQ) and D-Wave Quantum Inc. (QBTS) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQQ and QBTS?
Over the past 3 years, ARQQ and QBTS moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 10665.3 %².
Few assets follow ARQQ as closely as QBTS, which ranks #3 of 16 tracked partners. The last year tells two different stories: QBTS led by 46.9 percentage points, -29.4% for ARQQ against +17.5% for QBTS.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARQQ vs QBTS: side by side
| ARQQ (Arqit Quantum Inc.) | QBTS (D-Wave Quantum Inc.) | |
|---|---|---|
| 1-year return | -29.4% | +17.5% |
| 5-year return | -91.4% | +84.0% |
| Volatility (ann.) | 135.6% | 143.4% |
| Beta vs S&P 500 | 3.18 | 2.86 |
| Max drawdown (3Y) | -86.7% | -71.0% |
| Market cap | $0.4B | $6.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQQ | QBTS |
|---|---|---|
| 2022 | -84.9% | -85.3% |
| 2023 | -86.9% | -38.9% |
| 2024 | +227.8% | +854.5% |
| 2025 | -43.7% | +211.3% |
| 2026 | -1.9% | -31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQQ and QBTS good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARQQ and QBTS?
The ARQQ/QBTS correlation stands at 0.55 on a 3-year window (1 year: 0.63, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is QBTS a good diversifier for ARQQ?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arqq-vs-qbts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arqq-vs-qbts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARQQ correlations · QBTS correlations
