EDBL vs QBTS: Correlation
Edible Garden AG Incorporated (EDBL) and D-Wave Quantum Inc. (QBTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDBL and QBTS?
Over the past 3 years, EDBL and QBTS moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.39 over 3 years. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 7595.5 %².
Few assets follow EDBL as closely as QBTS, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months QBTS outperformed by 117.3 percentage points (-99.8% for EDBL 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.
EDBL vs QBTS: side by side
| EDBL (Edible Garden AG Incorporated) | QBTS (D-Wave Quantum Inc.) | |
|---|---|---|
| 1-year return | -99.8% | +17.5% |
| 5-year return | -100.0% | +84.0% |
| Volatility (ann.) | 136.5% | 143.4% |
| Beta vs S&P 500 | 1.62 | 2.86 |
| Max drawdown (3Y) | -100.0% | -71.0% |
| Market cap | – | $6.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDBL | QBTS |
|---|---|---|
| 2022 | – | -85.3% |
| 2023 | -92.0% | -38.9% |
| 2024 | -96.8% | +854.5% |
| 2025 | -92.4% | +211.3% |
| 2026 | -99.5% | -31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDBL and QBTS good diversifiers for each other?
Reasonably. At 0.39, EDBL and QBTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EDBL and QBTS?
The EDBL/QBTS correlation stands at 0.39 on a 3-year window (1 year: 0.21, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QBTS a good diversifier for EDBL?
Reasonably. At 0.39, EDBL and QBTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/edbl-vs-qbts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/edbl-vs-qbts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDBL correlations · QBTS correlations
