SOUN vs. QQQ
Compare and contrast key facts about SoundHound AI Inc (SOUN) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOUN or QQQ.
Correlation
The correlation between SOUN and QQQ is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SOUN vs. QQQ - Performance Comparison
Key characteristics
SOUN:
6.83
QQQ:
1.64
SOUN:
5.37
QQQ:
2.19
SOUN:
1.62
QQQ:
1.30
SOUN:
10.56
QQQ:
2.16
SOUN:
24.97
QQQ:
7.79
SOUN:
37.69%
QQQ:
3.76%
SOUN:
137.80%
QQQ:
17.85%
SOUN:
-93.55%
QQQ:
-82.98%
SOUN:
0.00%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, SOUN achieves a 926.18% return, which is significantly higher than QQQ's 27.20% return.
SOUN
926.18%
211.68%
443.87%
950.97%
N/A
N/A
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
SOUN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI Inc (SOUN) and Invesco QQQ (QQQ). 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.
Dividends
SOUN vs. QQQ - Dividend Comparison
SOUN has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SOUN vs. QQQ - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SOUN and QQQ. For additional features, visit the drawdowns tool.
Volatility
SOUN vs. QQQ - Volatility Comparison
SoundHound AI Inc (SOUN) has a higher volatility of 47.46% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.