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:
2.81
QQQ:
1.38
SOUN:
3.66
QQQ:
1.88
SOUN:
1.44
QQQ:
1.25
SOUN:
5.34
QQQ:
1.86
SOUN:
10.27
QQQ:
6.43
SOUN:
39.66%
QQQ:
3.92%
SOUN:
129.64%
QQQ:
18.27%
SOUN:
-93.55%
QQQ:
-82.98%
SOUN:
-52.79%
QQQ:
0.00%
Returns By Period
In the year-to-date period, SOUN achieves a -42.34% return, which is significantly lower than QQQ's 5.50% return.
SOUN
-42.34%
-16.13%
122.57%
199.48%
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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Risk-Adjusted Performance
SOUN vs. QQQ — Risk-Adjusted Performance Rank
SOUN
QQQ
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 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 44.76% compared to Invesco QQQ (QQQ) at 4.92%. 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.