IAI vs. SOUN
IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) is Financials Equities fund tracking the DJ US Select / Investment Services, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, IAI returned 28.06%/yr vs 29.87%/yr for SOUN. At a 0.36 correlation, their price movements are largely independent.
Performance
IAI vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, IAI achieves a 3.17% return, which is significantly higher than SOUN's -30.79% return.
IAI
- 1D
- 1.83%
- 1M
- 3.22%
- YTD
- 3.17%
- 6M
- 2.78%
- 1Y
- 19.26%
- 3Y*
- 28.06%
- 5Y*
- 14.44%
- 10Y*
- 19.37%
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
IAI vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 3.17% | 25.80% | 34.37% | 15.27% | 7.12% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between IAI and SOUN is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.36 |
The correlation between IAI and SOUN shifts across timeframes, from 0.36 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAI vs. SOUN — Risk / Return Rank
IAI
SOUN
IAI vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 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.
| IAI | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.38 | +1.55 |
| Martin ratioReturn relative to average drawdown | 3.33 | -0.60 | +3.93 |
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Drawdowns
IAI vs. SOUN - Drawdown Comparison
The maximum IAI drawdown since its inception was -75.46%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for IAI and SOUN.
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Drawdown Indicators
| IAI | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -93.55% | +18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -72.43% | +55.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -75.65% | +52.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | — | — |
Current DrawdownCurrent decline from peak | -2.81% | -71.52% | +68.71% |
Average DrawdownAverage peak-to-trough decline | -22.63% | -66.93% | +44.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 45.29% | -39.49% |
Volatility
IAI vs. SOUN - Volatility Comparison
The current volatility for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is 5.98%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that IAI 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
| IAI | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 17.69% | -11.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 52.15% | -36.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 80.70% | -61.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 136.27% | -114.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.85% | 136.27% | -113.42% |
Dividends
IAI vs. SOUN - Dividend Comparison
IAI's dividend yield for the trailing twelve months is around 1.05%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
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
IAI and SOUN have a correlation of 0.50, 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 IAI (5.98%). In terms of maximum drawdown, IAI dropped -75.46% vs SOUN's -93.55%.
IAI currently has the higher Sharpe Ratio (1.00 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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