PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SOUN vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SOUN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoundHound AI Inc (SOUN) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
28.40%
10.81%
SOUN
QQQ

Returns By Period

In the year-to-date period, SOUN achieves a 207.08% return, which is significantly higher than QQQ's 23.47% return.


SOUN

YTD

207.08%

1M

18.36%

6M

27.15%

1Y

193.24%

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQ

YTD

23.47%

1M

1.82%

6M

10.79%

1Y

29.73%

5Y (annualized)

20.93%

10Y (annualized)

18.10%

Key characteristics


SOUNQQQ
Sharpe Ratio1.501.80
Sortino Ratio3.002.40
Omega Ratio1.351.32
Calmar Ratio2.152.31
Martin Ratio5.088.39
Ulcer Index37.77%3.73%
Daily Std Dev127.56%17.41%
Max Drawdown-93.55%-82.98%
Current Drawdown-56.54%-2.08%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Correlation

-0.50.00.51.00.3

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.

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.


Sharpe ratio
The chart of Sharpe ratio for SOUN, currently valued at 1.50, compared to the broader market-4.00-2.000.002.004.001.501.80
The chart of Sortino ratio for SOUN, currently valued at 3.00, compared to the broader market-4.00-2.000.002.004.003.002.40
The chart of Omega ratio for SOUN, currently valued at 1.35, compared to the broader market0.501.001.502.001.351.32
The chart of Calmar ratio for SOUN, currently valued at 2.15, compared to the broader market0.002.004.006.002.152.31
The chart of Martin ratio for SOUN, currently valued at 5.08, compared to the broader market-10.000.0010.0020.0030.005.088.39
SOUN
QQQ

The current SOUN Sharpe Ratio is 1.50, which is comparable to the QQQ Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of SOUN and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.50
1.80
SOUN
QQQ

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 0.60%.


TTM20232022202120202019201820172016201520142013
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
0.60%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.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-56.54%
-2.08%
SOUN
QQQ

Volatility

SOUN vs. QQQ - Volatility Comparison

SoundHound AI Inc (SOUN) has a higher volatility of 39.38% compared to Invesco QQQ (QQQ) at 5.66%. 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.


0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
39.38%
5.66%
SOUN
QQQ