NVTS vs QBTS: Correlation
How closely do Navitas Semiconductor Corporation (NVTS) and D-Wave Quantum Inc. (QBTS) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVTS and QBTS?
Across a 3-year window, the weekly returns of NVTS and QBTS correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 7934.8 %².
QBTS is one of the assets that tracks NVTS most closely: it ranks #1 out of the 22 assets we track against NVTS. The last year tells two different stories: NVTS led by 88.6 percentage points, +106.1% for NVTS 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.
NVTS vs QBTS: side by side
| NVTS (Navitas Semiconductor Corporation) | QBTS (D-Wave Quantum Inc.) | |
|---|---|---|
| 1-year return | +106.1% | +17.5% |
| 5-year return | -2.3% | +84.0% |
| Volatility (ann.) | 122.7% | 143.4% |
| Beta vs S&P 500 | 2.11 | 2.86 |
| Max drawdown (3Y) | -81.8% | -71.0% |
| Market cap | $3.3B | $6.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVTS | QBTS |
|---|---|---|
| 2022 | -79.4% | -85.3% |
| 2023 | +129.9% | -38.9% |
| 2024 | -55.8% | +854.5% |
| 2025 | +100.0% | +211.3% |
| 2026 | +75.2% | -31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVTS and QBTS good diversifiers for each other?
Reasonably. At 0.45, NVTS and QBTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NVTS and QBTS?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.53 over the last year and 0.31 over 5 years.
Is QBTS a good diversifier for NVTS?
Reasonably. At 0.45, NVTS and QBTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: NVTS correlations · QBTS correlations
