After a dismal November in which shares plunged by more than 38%, D-Wave Quantum Inc. (NYSE: QBTS) is leaving investors focused on quantum computing wondering whether the worst is still yet to come. Signs across the industry don't look promising, with rivals Rigetti Computing (NASDAQ: RGTI) and IonQ Inc. (NYSE: IONQ) dropping by 42% and 21%, respectively, over the last month as well. Investors may have grown tired of waiting for these firms to achieve profitability, or the initial period of hype may be giving way to a more cautious environment as the technology catches up to expectations.
Whatever the reasons for the recent pullback in the quantum computing space, it's understandable if investors might be looking for a way to protect their interests while still maintaining exposure. One approach might involve diversifying across exchange-traded funds (ETFs) that include stocks representing the quantum field. A broader basket of securities can help to insulate against the negative performance of a single stock or a small group of names. The funds below each hold QBTS shares but provide some additional diversification as well.
