SOUN vs. IETC
SOUN (SoundHound AI, Inc.) is a stock, while IETC (iShares U.S. Tech Independence Focused ETF) is Technology Equities fund actively managed by iShares. Over the past 3 years, SOUN returned 29.87%/yr vs 25.69%/yr for IETC. At a 0.38 correlation, their price movements are largely independent.
Performance
SOUN vs. IETC - 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 IETC's 4.48% return.
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
IETC
- 1D
- -0.07%
- 1M
- 0.03%
- YTD
- 4.48%
- 6M
- 4.29%
- 1Y
- 17.62%
- 3Y*
- 25.69%
- 5Y*
- 15.73%
- 10Y*
- —
SOUN vs. IETC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
IETC iShares U.S. Tech Independence Focused ETF | 4.48% | 19.56% | 37.57% | 54.35% | -14.45% |
Correlation
The correlation between SOUN and IETC is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.38 |
The correlation between SOUN and IETC shifts across timeframes, from 0.38 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOUN vs. IETC — Risk / Return Rank
SOUN
IETC
SOUN vs. IETC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and iShares U.S. Tech Independence Focused ETF (IETC). 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 | IETC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.84 | -1.21 |
| Martin ratioReturn relative to average drawdown | -0.60 | 2.30 | -2.90 |
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Drawdowns
SOUN vs. IETC - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for SOUN and IETC.
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Drawdown Indicators
| SOUN | IETC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -38.48% | -55.07% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -21.19% | -51.24% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -25.17% | -50.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.48% | — |
Current DrawdownCurrent decline from peak | -71.52% | -10.32% | -61.20% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -8.14% | -58.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 7.67% | +37.62% |
Volatility
SOUN vs. IETC - Volatility Comparison
SoundHound AI, Inc. (SOUN) has a higher volatility of 17.69% compared to iShares U.S. Tech Independence Focused ETF (IETC) at 9.62%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | IETC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 9.62% | +8.07% |
Volatility (6M)Calculated over the trailing 6-month period | 52.15% | 17.85% | +34.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.70% | 22.11% | +58.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.27% | 24.70% | +111.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.27% | 25.44% | +110.83% |
Dividends
SOUN vs. IETC - Dividend Comparison
SOUN has not paid dividends to shareholders, while IETC's dividend yield for the trailing twelve months is around 0.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.37% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% |
SOUN SoundHound AI, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOUN and IETC have a correlation of 0.55, 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 IETC (9.62%). In terms of maximum drawdown, SOUN dropped -93.55% vs IETC's -38.48%.
IETC currently has the higher Sharpe Ratio (0.80 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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