EWZ vs. SOUN
EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, EWZ returned 7.95%/yr vs 35.66%/yr for SOUN. At a 0.17 correlation, their price movements are largely independent.
Performance
EWZ vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, EWZ achieves a 6.04% return, which is significantly higher than SOUN's -24.87% return.
EWZ
- 1D
- -0.94%
- 1M
- -13.88%
- YTD
- 6.04%
- 6M
- 6.47%
- 1Y
- 28.14%
- 3Y*
- 7.95%
- 5Y*
- 3.87%
- 10Y*
- 7.53%
SOUN
- 1D
- 1.35%
- 1M
- -15.65%
- YTD
- -24.87%
- 6M
- -40.93%
- 1Y
- -25.91%
- 3Y*
- 35.66%
- 5Y*
- —
- 10Y*
- —
EWZ vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 6.04% | 48.81% | -30.41% | 32.62% | -4.68% |
SOUN SoundHound AI, Inc. | -24.87% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between EWZ and SOUN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.17 |
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Return for Risk
EWZ vs. SOUN — Risk / Return Rank
EWZ
SOUN
EWZ vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and SoundHound AI, Inc. (SOUN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EWZ | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.36 | +1.83 |
| Martin ratioReturn relative to average drawdown | 4.96 | -0.58 | +5.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWZ | SOUN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | -0.32 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.00 | +0.17 |
Drawdowns
EWZ vs. SOUN - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.25%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for EWZ and SOUN.
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Drawdown Indicators
| EWZ | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.25% | -93.55% | +16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -72.43% | +53.16% |
Max Drawdown (3Y)Largest decline over 3 years | -31.36% | -75.65% | +44.29% |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | — | — |
Current DrawdownCurrent decline from peak | -26.15% | -69.09% | +42.94% |
Average DrawdownAverage peak-to-trough decline | -35.95% | -66.95% | +31.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 44.50% | -38.82% |
Volatility
EWZ vs. SOUN - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 7.32%, while SoundHound AI, Inc. (SOUN) has a volatility of 19.06%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than SOUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWZ | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 19.06% | -11.74% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 51.57% | -30.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 80.46% | -55.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 136.34% | -108.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.07% | 136.34% | -102.27% |
Dividends
EWZ vs. SOUN - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 4.89%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.89% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
SOUN SoundHound AI, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWZ and SOUN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOUN has higher volatility (19.06%) compared to EWZ (7.32%). In terms of maximum drawdown, EWZ dropped -77.25% vs SOUN's -93.55%.
EWZ currently has the higher Sharpe Ratio (1.13 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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