SKYY vs. SOUN
SKYY (First Trust ISE Cloud Computing Index Fund) is Technology Equities fund tracking the ISE Cloud Computing Index, while SOUN (SoundHound AI, Inc.) is a stock. Over the past 3 years, SKYY returned 20.38%/yr vs 29.87%/yr for SOUN. At a 0.40 correlation, their price movements are largely independent.
Performance
SKYY vs. SOUN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SKYY achieves a 3.03% return, which is significantly higher than SOUN's -30.79% return.
SKYY
- 1D
- 0.18%
- 1M
- 6.69%
- YTD
- 3.03%
- 6M
- 1.79%
- 1Y
- 13.95%
- 3Y*
- 20.38%
- 5Y*
- 5.69%
- 10Y*
- 16.26%
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
SKYY vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 3.03% | 9.20% | 35.87% | 52.18% | -24.82% |
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
Correlation
The correlation between SKYY and SOUN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.40 |
The correlation between SKYY and SOUN has been stable across timeframes, ranging from 0.40 to 0.50 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SKYY vs. SOUN — Risk / Return Rank
SKYY
SOUN
SKYY vs. SOUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) 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.
| SKYY | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.38 | +0.89 |
| Martin ratioReturn relative to average drawdown | 1.13 | -0.60 | +1.73 |
Loading charts...
Drawdowns
SKYY vs. SOUN - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for SKYY and SOUN.
Loading charts...
Drawdown Indicators
| SKYY | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.20% | -93.55% | +40.35% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -72.43% | +45.04% |
Max Drawdown (3Y)Largest decline over 3 years | -31.80% | -75.65% | +43.85% |
Max Drawdown (5Y)Largest decline over 5 years | -53.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.20% | — | — |
Current DrawdownCurrent decline from peak | -13.63% | -71.52% | +57.89% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -66.93% | +56.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.34% | 45.29% | -32.95% |
Volatility
SKYY vs. SOUN - Volatility Comparison
The current volatility for First Trust ISE Cloud Computing Index Fund (SKYY) is 13.09%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that SKYY 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.
Loading charts...
Volatility by Period
| SKYY | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 17.69% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 23.88% | 52.15% | -28.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.45% | 80.70% | -52.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.67% | 136.27% | -105.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.90% | 136.27% | -109.37% |
Dividends
SKYY vs. SOUN - Dividend Comparison
Neither SKYY nor SOUN has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.37% | 0.27% | 0.35% | 0.41% |
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
SKYY and SOUN have a correlation of 0.47, 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 SKYY (13.09%). In terms of maximum drawdown, SKYY dropped -53.20% vs SOUN's -93.55%.
SKYY currently has the higher Sharpe Ratio (0.49 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.
Find the right allocation for SKYY and SOUN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer