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 0.34, 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
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Key characteristics
SOUN:
1.03
QQQ:
0.64
SOUN:
2.12
QQQ:
1.12
SOUN:
1.25
QQQ:
1.16
SOUN:
1.50
QQQ:
0.78
SOUN:
3.05
QQQ:
2.53
SOUN:
36.41%
QQQ:
6.98%
SOUN:
116.82%
QQQ:
25.46%
SOUN:
-93.55%
QQQ:
-82.98%
SOUN:
-53.82%
QQQ:
-3.19%
Returns By Period
In the year-to-date period, SOUN achieves a -43.60% return, which is significantly lower than QQQ's 2.16% return.
SOUN
-43.60%
43.09%
75.94%
121.58%
N/A
N/A
QQQ
2.16%
17.43%
5.35%
16.14%
18.86%
17.81%
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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.
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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 0.57%.
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 | 0.57% | 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.
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Volatility
SOUN vs. QQQ - Volatility Comparison
SoundHound AI Inc (SOUN) has a higher volatility of 27.92% compared to Invesco QQQ (QQQ) at 6.50%. 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.
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