FNGS vs. SOUN
FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, FNGS returned 29.80%/yr vs 29.87%/yr for SOUN. At a 0.36 correlation, their price movements are largely independent.
Performance
FNGS vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, FNGS achieves a 6.79% return, which is significantly higher than SOUN's -30.79% return.
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
FNGS vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -15.81% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between FNGS and SOUN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.36 |
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Return for Risk
FNGS vs. SOUN — Risk / Return Rank
FNGS
SOUN
FNGS vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) 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.
| FNGS | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.38 | +1.12 |
| Martin ratioReturn relative to average drawdown | 2.12 | -0.60 | +2.72 |
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Drawdowns
FNGS vs. SOUN - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for FNGS and SOUN.
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Drawdown Indicators
| FNGS | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -93.55% | +44.57% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -72.43% | +49.50% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -75.65% | +48.88% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | — | — |
Current DrawdownCurrent decline from peak | -9.63% | -71.52% | +61.89% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -66.93% | +56.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 45.29% | -37.24% |
Volatility
FNGS vs. SOUN - Volatility Comparison
The current volatility for MicroSectors FANG+ ETN (FNGS) is 8.74%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that FNGS 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
| FNGS | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 17.69% | -8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 52.15% | -34.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 80.70% | -59.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 136.27% | -106.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 136.27% | -105.10% |
Dividends
FNGS vs. SOUN - Dividend Comparison
Neither FNGS nor SOUN has paid dividends to shareholders.
Frequently Asked Questions
FNGS and SOUN have a correlation of 0.41, 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 FNGS (8.74%). In terms of maximum drawdown, FNGS dropped -48.98% vs SOUN's -93.55%.
FNGS currently has the higher Sharpe Ratio (0.79 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.
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