FCLD vs. SOUN
FCLD (Fidelity Cloud Computing ETF) is Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, FCLD returned 24.61%/yr vs 29.87%/yr for SOUN. At a 0.41 correlation, their price movements are largely independent.
Performance
FCLD vs. SOUN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCLD achieves a 26.37% return, which is significantly higher than SOUN's -30.79% return.
FCLD
- 1D
- 1.88%
- 1M
- 9.94%
- YTD
- 26.37%
- 6M
- 24.95%
- 1Y
- 35.98%
- 3Y*
- 24.61%
- 5Y*
- —
- 10Y*
- —
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
FCLD vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 26.37% | 8.19% | 21.80% | 53.05% | -19.09% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between FCLD and SOUN is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCLD vs. SOUN — Risk / Return Rank
FCLD
SOUN
FCLD vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCLD | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.38 | +2.44 |
| Martin ratioReturn relative to average drawdown | 5.28 | -0.60 | +5.88 |
Loading charts...
Drawdowns
FCLD vs. SOUN - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for FCLD and SOUN.
Loading charts...
Drawdown Indicators
| FCLD | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -93.55% | +42.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -72.43% | +54.95% |
Max Drawdown (3Y)Largest decline over 3 years | -34.80% | -75.65% | +40.85% |
Current DrawdownCurrent decline from peak | -9.85% | -71.52% | +61.67% |
Average DrawdownAverage peak-to-trough decline | -20.42% | -66.93% | +46.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 45.29% | -38.45% |
Volatility
FCLD vs. SOUN - Volatility Comparison
The current volatility for Fidelity Cloud Computing ETF (FCLD) is 11.75%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that FCLD 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.
Loading charts...
Volatility by Period
| FCLD | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 17.69% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 52.15% | -29.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 80.70% | -52.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 136.27% | -105.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.54% | 136.27% | -105.73% |
Dividends
FCLD vs. SOUN - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.02%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.02% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% |
SOUN SoundHound AI, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCLD and SOUN have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOUN has higher volatility (17.69%) compared to FCLD (11.75%). In terms of maximum drawdown, FCLD dropped -50.85% vs SOUN's -93.55%.
FCLD currently has the higher Sharpe Ratio (1.29 vs -0.34), 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.
Find the right allocation for FCLD and SOUN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer