SM vs. SOUN

Last updated Jun 6, 2026

SM (SM Energy Company) and SOUN (SoundHound AI Inc) are both stocks. SM operates in Oil & Gas E&P (Energy), while SOUN operates in Software - Application (Technology). Over the past 3 years, SM returned 7.21%/yr vs 41.29%/yr for SOUN. At a 0.14 correlation, their price movements are largely independent.

Performance

SM vs. SOUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SM Energy Company (SM) and SoundHound AI Inc (SOUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SM achieves a 73.72% return, which is significantly higher than SOUN's -25.88% return.

SM

• 1D: -5.15%
• 1M: 12.82%
• YTD: 73.72%
• 6M: 63.18%
• 1Y: 39.05%
• 3Y*: 7.21%
• 5Y*: 8.17%
• 10Y*: 0.47%

SOUN

• 1D: -7.74%
• 1M: -21.13%
• YTD: -25.88%
• 6M: -42.08%
• 1Y: -21.96%
• 3Y*: 41.29%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SM vs. SOUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SM SM Energy Company	73.72%	-49.72%	1.84%	13.14%	-2.73%
SOUN SoundHound AI Inc	-25.88%	-49.75%	835.85%	19.77%	-76.40%

Correlation

The correlation between SM and SOUN is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.14

The correlation between SM and SOUN shifts across timeframes, from -0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS SM : $5.40 SOUN : -$0.43
PS Ratio SM : 1.20 SOUN : 15.76
Total Revenue (TTM) SM : $2.31B SOUN : $183.99M
Gross Profit (TTM) SM : $660.35M SOUN : $69.84M
EBITDA (TTM) SM : $1.94B SOUN : -$124.47M

Return for Risk

SM vs. SOUN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SM

SM Risk / Return Rank: 62
SM Sharpe Ratio Rank: 67
SM Sortino Ratio Rank: 63
SM Omega Ratio Rank: 60
SM Calmar Ratio Rank: 62
SM Martin Ratio Rank: 60

SOUN

SOUN Risk / Return Rank: 32
SOUN Sharpe Ratio Rank: 30
SOUN Sortino Ratio Rank: 34
SOUN Omega Ratio Rank: 33
SOUN Calmar Ratio Rank: 32
SOUN Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SM vs. SOUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SM Energy Company (SM) 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.

	SM	SOUN	Difference
Sharpe ratio: Return per unit of total volatility	0.78	-0.27	+1.06
Sortino ratio: Return per unit of downside risk	1.36	0.13	+1.23
Omega ratio: Gain probability vs. loss probability	1.16	1.01	+0.15
Calmar ratio: Return relative to maximum drawdown	1.03	-0.30	+1.33
Martin ratio: Return relative to average drawdown	1.92	-0.50	+2.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SM vs. SOUN - Sharpe Ratio Comparison

The current SM Sharpe Ratio is 0.78, which is higher than the SOUN Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of SM and SOUN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SM	SOUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	-0.27	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.00	+0.14

Drawdowns

SM vs. SOUN - Drawdown Comparison

The maximum SM drawdown since its inception was -98.85%, which is greater than SOUN's maximum drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for SM and SOUN.

Drawdown Indicators

	SM	SOUN	Difference
Max Drawdown Largest peak-to-trough decline	-98.85%	-93.55%	-5.30%
Max Drawdown (1Y) Largest decline over 1 year	-38.16%	-72.43%	+34.27%
Max Drawdown (3Y) Largest decline over 3 years	-64.87%	-75.65%	+10.78%
Max Drawdown (5Y) Largest decline over 5 years	-65.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.46%	—	—
Current Drawdown Current decline from peak	-60.24%	-69.50%	+9.26%
Average Drawdown Average peak-to-trough decline	-39.91%	-66.95%	+27.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.36%	44.31%	-23.95%

Volatility

SM vs. SOUN - Volatility Comparison

The current volatility for SM Energy Company (SM) is 15.01%, while SoundHound AI Inc (SOUN) has a volatility of 19.30%. This indicates that SM 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.

Volatility by Period

	SM	SOUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.01%	19.30%	-4.29%
Volatility (6M) Calculated over the trailing 6-month period	36.90%	52.28%	-15.38%
Volatility (1Y) Calculated over the trailing 1-year period	50.03%	80.86%	-30.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.04%	136.41%	-82.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.06%	136.41%	-56.35%

Dividends

SM vs. SOUN - Dividend Comparison

SM's dividend yield for the trailing twelve months is around 2.55%, while SOUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SM SM Energy Company	2.55%	5.35%	1.91%	1.55%	0.46%	0.07%	0.33%	0.89%	0.65%	0.45%	0.29%	0.51%
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%

Financials

Frequently Asked Questions

Can I hold both SM and SOUN in my portfolio?

SM and SOUN have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SM or SOUN?

SOUN has higher volatility (19.30%) compared to SM (15.01%). In terms of maximum drawdown, SM dropped -98.85% vs SOUN's -93.55%.

Which has better risk-adjusted returns?

SM currently has the higher Sharpe Ratio (0.78 vs -0.27), 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.