Comparison of QAOA with Quantum and Simulated Annealing

We present a comparison between the Quantum Approximate Optimization Algorithm (QAOA) and two widely studied competing methods, Quantum Annealing (QA) and Simulated Annealing (SA). To achieve this, we define a class of optimization problems with respect to their spectral properties which are exactly solvable with QAOA. In this class, we identify instances for which QA and SA have an exponentially small probability to find the solution. Consequently, our results define a first demarcation line between QAOA, Simulated Annealing and Quantum Annealing, and highlight the fundamental differences between an interference-based search heuristic such as QAOA and heuristics that are based on thermal and quantum fluctuations like SA and QA respectively.