SOUN vs. GPIX
SOUN (SoundHound AI, Inc.) is a stock, while GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs. Over the past year, SOUN returned -24.18% vs 23.85% for GPIX. At a 0.47 correlation, their price movements are largely independent.
Performance
SOUN vs. GPIX - 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 GPIX's 8.64% return.
SOUN
- 1D
- -1.43%
- 1M
- -17.95%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -24.18%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- 0.55%
- 1M
- 0.57%
- YTD
- 8.64%
- 6M
- 9.22%
- 1Y
- 23.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOUN vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 32.50% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.64% | 16.25% | 21.77% | 13.04% |
Correlation
The correlation between SOUN and GPIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.47 |
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Return for Risk
SOUN vs. GPIX — Risk / Return Rank
SOUN
GPIX
SOUN vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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 | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.97 | -3.34 |
| Martin ratioReturn relative to average drawdown | -0.60 | 14.51 | -15.11 |
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Drawdowns
SOUN vs. GPIX - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for SOUN and GPIX.
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Drawdown Indicators
| SOUN | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -17.50% | -76.05% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -7.71% | -64.72% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | — | — |
Current DrawdownCurrent decline from peak | -71.52% | -1.63% | -69.89% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -1.49% | -65.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 1.57% | +43.72% |
Volatility
SOUN vs. GPIX - Volatility Comparison
SoundHound AI, Inc. (SOUN) has a higher volatility of 17.69% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.77%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 3.77% | +13.92% |
Volatility (6M)Calculated over the trailing 6-month period | 52.15% | 8.51% | +43.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.70% | 10.62% | +70.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.27% | 13.86% | +122.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.27% | 13.86% | +122.41% |
Dividends
SOUN vs. GPIX - Dividend Comparison
SOUN has not paid dividends to shareholders, while GPIX's dividend yield for the trailing twelve months is around 8.09%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.09% | 8.01% | 7.45% | 1.40% |
SOUN SoundHound AI, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOUN and GPIX have a correlation of 0.48, 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 GPIX (3.77%). In terms of maximum drawdown, SOUN dropped -93.55% vs GPIX's -17.50%.
GPIX currently has the higher Sharpe Ratio (2.15 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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