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SOUN vs. EWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOUN vs. EWZ

Last updated Jun 9, 2026

SOUN (SoundHound AI, Inc.) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 3 years, SOUN returned 35.66%/yr vs 7.95%/yr for EWZ. At a 0.17 correlation, their price movements are largely independent.

Performance

SOUN vs. EWZ - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, SOUN achieves a -24.87% return, which is significantly lower than EWZ's 6.04% return.

SOUN

1D
1.35%
1M
-15.65%
YTD
-24.87%
6M
-40.93%
1Y
-25.91%
3Y*
35.66%
5Y*
—
10Y*
—

EWZ

1D
-0.94%
1M
-13.88%
YTD
6.04%
6M
6.47%
1Y
28.14%
3Y*
7.95%
5Y*
3.87%
10Y*
7.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOUN vs. EWZ - Yearly Performance Comparison

2026 (YTD)2025202420232022
SOUN
SoundHound AI, Inc.		-24.87%-49.75%835.85%19.77%-79.70%
EWZ
iShares MSCI Brazil ETF		6.04%48.81%-30.41%32.62%-4.68%

Correlation

The correlation between SOUN and EWZ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2022

0.17

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SoundHound AI, Inc.

iShares MSCI Brazil ETF

Often compared with SOUN:
SOUN vs. BBAISOUN vs. SOUNWSOUN vs. PLTRSOUN vs. NVDASOUN vs. QBTSSOUN vs. CRNCSOUN vs. MU
Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT

Return for Risk

SOUN vs. EWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SOUN
SOUN Risk / Return Rank: 3131
Overall Rank
SOUN Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
SOUN Sortino Ratio Rank: 3232
Sortino Ratio Rank
SOUN Omega Ratio Rank: 3131
Omega Ratio Rank
SOUN Calmar Ratio Rank: 3030
Calmar Ratio Rank
SOUN Martin Ratio Rank: 3131
Martin Ratio Rank
EWZ
EWZ Risk / Return Rank: 3434
Overall Rank
EWZ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 3333
Sortino Ratio Rank
EWZ Omega Ratio Rank: 3333
Omega Ratio Rank
EWZ Calmar Ratio Rank: 3333
Calmar Ratio Rank
EWZ Martin Ratio Rank: 3535
Martin Ratio Rank
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.

SOUN vs. EWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and iShares MSCI Brazil ETF (EWZ). 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.

SOUNEWZDifference
Sharpe ratioReturn per unit of total volatility
-0.32
1.13

-1.45

Sortino ratioReturn per unit of downside risk
0.02
1.61

-1.59

Omega ratioGain probability vs. loss probability

1.00

1.20

-0.20

Calmar ratioReturn relative to maximum drawdown

-0.36

1.47

-1.83

Martin ratioReturn relative to average drawdown

-0.58

4.96

-5.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOUN vs. EWZ - Sharpe Ratio Comparison

The current SOUN Sharpe Ratio is -0.32, which is lower than the EWZ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SOUN and EWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SOUNEWZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.32

1.13

-1.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.14

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.22

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

0.16

-0.17

Drawdowns

SOUN vs. EWZ - Drawdown Comparison

The maximum SOUN drawdown since its inception was -93.55%, which is greater than EWZ's maximum drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for SOUN and EWZ.

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Drawdown Indicators

SOUNEWZDifference

Max Drawdown

Largest peak-to-trough decline

-93.55%

-77.25%

-16.30%

Max Drawdown (1Y)

Largest decline over 1 year

-72.43%

-19.27%

-53.16%

Max Drawdown (3Y)

Largest decline over 3 years

-75.65%

-31.36%

-44.29%

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.24%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.99%

—

Current Drawdown

Current decline from peak

-69.09%

-26.15%

-42.94%

Average Drawdown

Average peak-to-trough decline

-66.95%

-35.95%

-31.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

44.50%

5.68%

+38.82%

Volatility

SOUN vs. EWZ - Volatility Comparison

SoundHound AI, Inc. (SOUN) has a higher volatility of 19.06% compared to iShares MSCI Brazil ETF (EWZ) at 7.32%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SOUNEWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.06%

7.32%

+11.74%

Volatility (6M)

Calculated over the trailing 6-month period

51.57%

20.79%

+30.78%

Volatility (1Y)

Calculated over the trailing 1-year period

80.46%

25.12%

+55.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

136.34%

27.68%

+108.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

136.34%

34.07%

+102.27%

Dividends

SOUN vs. EWZ - Dividend Comparison

SOUN has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 4.89%.

PositionTTM20252024202320222021202020192018201720162015
EWZ
iShares MSCI Brazil ETF		4.89%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%
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

SOUN and EWZ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOUN has higher volatility (19.06%) compared to EWZ (7.32%). In terms of maximum drawdown, SOUN dropped -93.55% vs EWZ's -77.25%.

EWZ currently has the higher Sharpe Ratio (1.13 vs -0.32), 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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