IGM vs. SOUN
IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, IGM returned 35.37%/yr vs 29.87%/yr for SOUN. At a 0.37 correlation, their price movements are largely independent.
Performance
IGM vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, IGM achieves a 23.42% return, which is significantly higher than SOUN's -30.79% return.
IGM
- 1D
- 0.69%
- 1M
- 3.04%
- YTD
- 23.42%
- 6M
- 23.24%
- 1Y
- 48.57%
- 3Y*
- 35.37%
- 5Y*
- 20.09%
- 10Y*
- 24.57%
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
IGM vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 23.42% | 26.76% | 36.99% | 60.68% | -15.68% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between IGM and SOUN is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.37 |
The correlation between IGM and SOUN shifts across timeframes, from 0.37 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGM vs. SOUN — Risk / Return Rank
IGM
SOUN
IGM vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.
| IGM | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.00 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.38 | +3.34 |
| Martin ratioReturn relative to average drawdown | 10.06 | -0.60 | +10.66 |
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Drawdowns
IGM vs. SOUN - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for IGM and SOUN.
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Drawdown Indicators
| IGM | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -93.55% | +27.96% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -72.43% | +55.99% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -75.65% | +49.26% |
Max Drawdown (5Y)Largest decline over 5 years | -40.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.68% | — | — |
Current DrawdownCurrent decline from peak | -6.80% | -71.52% | +64.72% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -66.93% | +51.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 45.29% | -40.45% |
Volatility
IGM vs. SOUN - Volatility Comparison
The current volatility for iShares Expanded Tech Sector ETF (IGM) is 10.03%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that IGM 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
| IGM | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 17.69% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 18.11% | 52.15% | -34.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 80.70% | -58.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.91% | 136.27% | -110.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.66% | 136.27% | -111.61% |
Dividends
IGM vs. SOUN - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.13%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.13% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
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
IGM 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 IGM (10.03%). In terms of maximum drawdown, IGM dropped -65.59% vs SOUN's -93.55%.
IGM currently has the higher Sharpe Ratio (2.22 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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