SOUN vs. FNGS
SOUN (SoundHound AI, Inc.) is a stock, while FNGS (MicroSectors FANG+ ETN) is Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Over the past 3 years, SOUN returned 29.87%/yr vs 29.80%/yr for FNGS. At a 0.36 correlation, their price movements are largely independent.
Performance
SOUN vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, SOUN achieves a -30.79% return, which is significantly lower than FNGS's 6.79% return.
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
SOUN vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -15.81% |
Correlation
The correlation between SOUN and FNGS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.36 |
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Return for Risk
SOUN vs. FNGS — Risk / Return Rank
SOUN
FNGS
SOUN vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and MicroSectors FANG+ ETN (FNGS). 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.
| SOUN | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.75 | -1.12 |
| Martin ratioReturn relative to average drawdown | -0.60 | 2.12 | -2.72 |
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Drawdowns
SOUN vs. FNGS - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for SOUN and FNGS.
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Drawdown Indicators
| SOUN | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -48.98% | -44.57% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -22.93% | -49.50% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -26.77% | -48.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.98% | — |
Current DrawdownCurrent decline from peak | -71.52% | -9.63% | -61.89% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -10.85% | -56.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 8.05% | +37.24% |
Volatility
SOUN vs. FNGS - Volatility Comparison
SoundHound AI, Inc. (SOUN) has a higher volatility of 17.69% compared to MicroSectors FANG+ ETN (FNGS) at 8.74%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 8.74% | +8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 52.15% | 17.19% | +34.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.70% | 21.65% | +59.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.27% | 30.10% | +106.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.27% | 31.17% | +105.10% |
Dividends
SOUN vs. FNGS - Dividend Comparison
Neither SOUN nor FNGS has paid dividends to shareholders.
Frequently Asked Questions
SOUN and FNGS have a correlation of 0.41, 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 FNGS (8.74%). In terms of maximum drawdown, SOUN dropped -93.55% vs FNGS's -48.98%.
FNGS currently has the higher Sharpe Ratio (0.79 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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