QBTS vs RGTI: Correlation
How closely do D-Wave Quantum Inc. (QBTS) and Rigetti Computing, Inc. (RGTI) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QBTS and RGTI?
Over the past 3 years, QBTS and RGTI moved with a correlation of 0.66, which is strong. The past 12 months show a tighter link (0.94) than the 3-year average (0.66). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 12273.1 %².
In QBTS's tracked universe of 15 assets, RGTI sits right near the top at #1. Over the last 12 months QBTS came out ahead by 10.7 percentage points (+17.5% against +6.8%).
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.
QBTS vs RGTI: side by side
| QBTS (D-Wave Quantum Inc.) | RGTI (Rigetti Computing, Inc.) | |
|---|---|---|
| 1-year return | +17.5% | +6.8% |
| 5-year return | +84.0% | +69.5% |
| Volatility (ann.) | 143.4% | 129.7% |
| Beta vs S&P 500 | 2.86 | 2.64 |
| Max drawdown (3Y) | -71.0% | -77.1% |
| Market cap | $6.7B | $5.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QBTS | RGTI |
|---|---|---|
| 2022 | -85.3% | -92.9% |
| 2023 | -38.9% | +35.1% |
| 2024 | +854.5% | +1449.2% |
| 2025 | +211.3% | +45.2% |
| 2026 | -31.5% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QBTS and RGTI good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QBTS and RGTI?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.94 over the last year and 0.65 over 5 years.
Is RGTI a good diversifier for QBTS?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qbts-vs-rgti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qbts-vs-rgti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QBTS correlations · RGTI correlations
