QBTS vs TRVI: Correlation
D-Wave Quantum Inc. (QBTS) and Trevi Therapeutics, Inc. (TRVI) 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 QBTS and TRVI?
On 3 years of weekly data the QBTS/TRVI correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.39 over 3. The 5-year figure is 0.19, and annualized covariance runs at 4573.1 %².
Among the 15 assets we track against QBTS, TRVI ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRVI outperformed by 107.0 percentage points (+17.5% for QBTS against +124.5% for TRVI). Note the risk asymmetry: QBTS runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TRVI: side by side
| QBTS (D-Wave Quantum Inc.) | TRVI (Trevi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +17.5% | +124.5% |
| 5-year return | +84.0% | +1008.6% |
| Volatility (ann.) | 143.4% | 81.1% |
| Beta vs S&P 500 | 2.86 | 0.55 |
| Max drawdown (3Y) | -71.0% | -54.7% |
| Market cap | $6.7B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QBTS | TRVI |
|---|---|---|
| 2022 | -85.3% | +146.8% |
| 2023 | -38.9% | -30.6% |
| 2024 | +854.5% | +207.5% |
| 2025 | +211.3% | +203.9% |
| 2026 | -31.5% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QBTS and TRVI good diversifiers for each other?
Reasonably. At 0.39, QBTS and TRVI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QBTS and TRVI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.31 over the last year and 0.19 over 5 years.
Is TRVI a good diversifier for QBTS?
Reasonably. At 0.39, QBTS and TRVI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-trvi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qbts-vs-trvi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QBTS correlations · TRVI correlations
