SOUN vs. GLDM
SOUN (SoundHound AI, Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, SOUN returned 29.87%/yr vs 29.27%/yr for GLDM. At a 0.07 correlation, their price movements are largely independent.
Performance
SOUN vs. GLDM - 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 GLDM's -2.40% return.
SOUN
- 1D
- -1.43%
- 1M
- -19.01%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -24.18%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
GLDM
- 1D
- 0.11%
- 1M
- -9.52%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
SOUN vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -3.44% |
Correlation
The correlation between SOUN and GLDM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.07 |
The correlation between SOUN and GLDM shifts across timeframes, from 0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOUN vs. GLDM — Risk / Return Rank
SOUN
GLDM
SOUN vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 1.00 | -1.37 |
| Martin ratioReturn relative to average drawdown | -0.60 | 2.87 | -3.47 |
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Drawdowns
SOUN vs. GLDM - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than GLDM's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for SOUN and GLDM.
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Drawdown Indicators
| SOUN | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -24.35% | -69.20% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -24.35% | -48.08% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -24.35% | -51.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.35% | — |
Current DrawdownCurrent decline from peak | -71.52% | -21.96% | -49.56% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -6.27% | -60.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 8.44% | +36.85% |
Volatility
SOUN vs. GLDM - Volatility Comparison
SoundHound AI, Inc. (SOUN) has a higher volatility of 17.69% compared to SPDR Gold MiniShares Trust (GLDM) at 7.73%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 7.73% | +9.96% |
Volatility (6M)Calculated over the trailing 6-month period | 52.15% | 23.93% | +28.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.70% | 27.15% | +53.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.27% | 18.13% | +118.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.27% | 16.98% | +119.29% |
Dividends
SOUN vs. GLDM - Dividend Comparison
Neither SOUN nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
SOUN and GLDM have a correlation of 0.20, 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 GLDM (7.73%). In terms of maximum drawdown, SOUN dropped -93.55% vs GLDM's -24.35%.
GLDM currently has the higher Sharpe Ratio (0.90 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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