IETC vs. SOUN
IETC (iShares U.S. Tech Independence Focused ETF) is Technology Equities fund actively managed by iShares, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, IETC returned 25.69%/yr vs 29.87%/yr for SOUN. At a 0.38 correlation, their price movements are largely independent.
Performance
IETC vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, IETC achieves a 4.48% return, which is significantly higher than SOUN's -30.79% return.
IETC
- 1D
- -0.07%
- 1M
- 0.03%
- YTD
- 4.48%
- 6M
- 4.29%
- 1Y
- 17.62%
- 3Y*
- 25.69%
- 5Y*
- 15.73%
- 10Y*
- —
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
IETC vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 4.48% | 19.56% | 37.57% | 54.35% | -14.45% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between IETC and SOUN is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.38 |
The correlation between IETC and SOUN shifts across timeframes, from 0.38 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IETC vs. SOUN — Risk / Return Rank
IETC
SOUN
IETC vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) 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.
| IETC | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.38 | +1.21 |
| Martin ratioReturn relative to average drawdown | 2.30 | -0.60 | +2.90 |
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Drawdowns
IETC vs. SOUN - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for IETC and SOUN.
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Drawdown Indicators
| IETC | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -93.55% | +55.07% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -72.43% | +51.24% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -75.65% | +50.48% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | — | — |
Current DrawdownCurrent decline from peak | -10.32% | -71.52% | +61.20% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -66.93% | +58.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 45.29% | -37.62% |
Volatility
IETC vs. SOUN - Volatility Comparison
The current volatility for iShares U.S. Tech Independence Focused ETF (IETC) is 9.62%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that IETC 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
| IETC | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 17.69% | -8.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 52.15% | -34.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 80.70% | -58.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 136.27% | -111.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 136.27% | -110.83% |
Dividends
IETC vs. SOUN - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.37%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.37% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% |
SOUN SoundHound AI, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IETC and SOUN have a correlation of 0.55, 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 IETC (9.62%). In terms of maximum drawdown, IETC dropped -38.48% vs SOUN's -93.55%.
IETC currently has the higher Sharpe Ratio (0.80 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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