QBTS vs SOUN: Correlation
Measured on weekly returns over the past three years, D-Wave Quantum Inc. (QBTS) and SoundHound AI, Inc. (SOUN) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QBTS and SOUN?
Over the past 3 years, QBTS and SOUN moved with a correlation of 0.53, which is moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.53). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 8696.5 %².
Within QBTS's tracked universe of 15 assets, SOUN comes in at #6 by 3-year correlation. The last year tells two different stories: QBTS led by 56.9 percentage points, +17.5% for QBTS against -39.4% for SOUN.
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 SOUN: side by side
| QBTS (D-Wave Quantum Inc.) | SOUN (SoundHound AI, Inc.) | |
|---|---|---|
| 1-year return | +17.5% | -39.4% |
| 5-year return | +84.0% | -3.7% |
| Volatility (ann.) | 143.4% | 114.8% |
| Beta vs S&P 500 | 2.86 | 3.35 |
| Max drawdown (3Y) | -71.0% | -76.5% |
| Market cap | $6.7B | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QBTS | SOUN |
|---|---|---|
| 2022 | -85.3% | – |
| 2023 | -38.9% | +19.8% |
| 2024 | +854.5% | +835.8% |
| 2025 | +211.3% | -49.7% |
| 2026 | -31.5% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QBTS and SOUN good diversifiers for each other?
Only partially. A correlation of 0.53 means QBTS and SOUN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QBTS and SOUN?
As of 2026-08-27, the correlation of weekly returns between QBTS and SOUN is 0.53 over 3 years, 0.64 over 1 year and 0.29 over 5 years.
Is SOUN a good diversifier for QBTS?
Only partially. A correlation of 0.53 means QBTS and SOUN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/qbts-vs-soun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qbts-vs-soun/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QBTS correlations · SOUN correlations
