D-Wave Quantum (QBTS) stock vs the S&P 500 and software stocks
As of 2 October 2026, D-Wave Quantum (QBTS) is among the weakest stocks we track. It is well behind the S&P 500 and behind software stocks as a group (IGV) over the past three months.
Where D-Wave Quantum stands now
As of 2 October 2026, D-Wave Quantum is behind the S&P 500 on every window Zensei tracks, from one month to one year. The market has preferred other stocks for some time.
Inside its group, QBTS lags: it is behind software stocks (IGV) over both the past month and three months. As a group, software stocks are beating the S&P 500 right now. The group is doing the work here; the stock is not keeping up with it.
D-Wave Quantum is 0.2% of IGV, so the fund's direction owes little to it. It sits in 2 of the sector and theme funds Zensei tracks. The thing to watch is the past month: stocks this far behind only become interesting once the recent window turns.
QBTS vs the S&P 500: returns
D-Wave Quantum and the S&P 500 (SPY) side by side, over each window Zensei tracks.
Prices as of · computed from daily adjusted closes · how we measure
QBTS against software stocks, in depth
See the size of the gap between D-Wave Quantum and software stocks (IGV) over every window, its momentum and its relative strength, and where it sits among software stocks.
See the full analysisWhich ETFs hold D-Wave Quantum?
2 funds that Zensei tracks hold QBTS, by weight. The fund with the largest weight is its sector on this page.
D-Wave Quantum competitors
The largest other holdings of iShares Expanded Tech-Software Sector ETF (IGV), with their return over the past month.
D-Wave Quantum stock: common questions
Is D-Wave Quantum stock beating the S&P 500?
As of 2 October 2026, D-Wave Quantum (QBTS) is down 4.7% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is down 30.0% and the S&P 500 is up 3.6%.
Which ETFs hold D-Wave Quantum?
As of 2 October 2026, 2 funds that Zensei tracks hold QBTS. Its largest weight is in iShares Expanded Tech-Software Sector ETF (IGV), at 0.2%. It is also in VanEck Social Sentiment ETF (BUZZ, 0.2%).
Who are D-Wave Quantum's competitors?
As of 2 October 2026, the largest other holdings of iShares Expanded Tech-Software Sector ETF (IGV) are Palo Alto Networks Inc (PANW), Palantir Technologies (PLTR), CrowdStrike (CRWD), Microsoft (MSFT), Oracle (ORCL). These are the stocks D-Wave Quantum sits next to among software stocks.
Is D-Wave Quantum doing better than other software stocks?
As of 2 October 2026, D-Wave Quantum (QBTS) is behind software stocks as a group (IGV) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.
Track D-Wave Quantum against software stocks and the market
Zensei Edge maps 100+ sectors and themes against the S&P 500, with each stock inside them measured against its group.