PTF vs. SOUN
PTF (Invesco DWA Technology Momentum ETF) is Momentum fund tracking the DWA Technology Technical Leaders Index, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, PTF returned 39.34%/yr vs 29.87%/yr for SOUN. At a 0.42 correlation, their price movements are largely independent.
Performance
PTF vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, PTF achieves a 69.64% return, which is significantly higher than SOUN's -30.79% return.
PTF
- 1D
- 1.49%
- 1M
- 6.00%
- YTD
- 69.64%
- 6M
- 66.68%
- 1Y
- 95.99%
- 3Y*
- 39.34%
- 5Y*
- 21.88%
- 10Y*
- 26.39%
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
PTF vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 69.64% | 5.68% | 43.65% | 33.73% | -3.75% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between PTF and SOUN is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.42 |
The correlation between PTF and SOUN has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
PTF vs. SOUN — Risk / Return Rank
PTF
SOUN
PTF vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) 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.
| PTF | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | -0.38 | +5.74 |
| Martin ratioReturn relative to average drawdown | 20.45 | -0.60 | +21.05 |
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Drawdowns
PTF vs. SOUN - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for PTF and SOUN.
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Drawdown Indicators
| PTF | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -93.55% | +38.17% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -72.43% | +54.44% |
Max Drawdown (3Y)Largest decline over 3 years | -36.11% | -75.65% | +39.54% |
Max Drawdown (5Y)Largest decline over 5 years | -44.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.88% | — | — |
Current DrawdownCurrent decline from peak | -4.47% | -71.52% | +67.05% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -66.93% | +53.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 45.29% | -40.58% |
Volatility
PTF vs. SOUN - Volatility Comparison
The current volatility for Invesco DWA Technology Momentum ETF (PTF) is 16.30%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that PTF 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
| PTF | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.30% | 17.69% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 31.97% | 52.15% | -20.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.36% | 80.70% | -40.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.34% | 136.27% | -100.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.16% | 136.27% | -103.11% |
Dividends
PTF vs. SOUN - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.01%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 0.01% | 0.21% | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% |
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% |
Frequently Asked Questions
PTF and SOUN have a correlation of 0.45, 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 PTF (16.30%). In terms of maximum drawdown, PTF dropped -55.38% vs SOUN's -93.55%.
PTF currently has the higher Sharpe Ratio (2.39 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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