BBVA
A global financial services group founded in Spain in 1857. BBVA is present in more than 30 countries today.
In 2020, evaluated multiple quantum technologies to quickly optimize a 52-asset investment portfolio for risk and return
Challenges
Solution
Results
Dynamically maximizing return and minimizing risk across a multi-featured diverse portfolio cannot be optimized at a commercially relevant scale and speed
With Multiverse, evaluated multiple quantum and quantum-inspired technologies, optimizing based on 8 years of daily data from 52 different assets
A hybrid D-Wave quantum annealer resulted in a Sharpe ratio of 12.16 and a perceptual profit of 67.6% for the largest dataset, in 171 seconds
Challenges
Dynamically maximizing return and minimizing risk across a multi-featured diverse portfolio cannot be optimized at a commercially relevant scale and speed
Solution
With Multiverse, evaluated multiple quantum and quantum-inspired technologies, optimizing based on 8 years of daily data from 52 different assets
Results
A hybrid D-Wave quantum annealer resulted in a Sharpe ratio of 12.16 and a perceptual profit of 67.6% for the largest dataset, in 171 seconds
“Methods based on quantum computing and quantum-inspired methods are new and can improve the current tools that are already in practice” - Escolástico Sánchez - BBVA head of Research and Patents discipline