SOUN vs. SKYY
SOUN (SoundHound AI, Inc.) is a stock, while SKYY (First Trust ISE Cloud Computing Index Fund) is Technology Equities fund tracking the ISE Cloud Computing Index. Over the past 3 years, SOUN returned 29.87%/yr vs 20.38%/yr for SKYY. At a 0.40 correlation, their price movements are largely independent.
Performance
SOUN vs. SKYY - 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 SKYY's 3.03% return.
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
SKYY
- 1D
- 0.18%
- 1M
- 6.69%
- YTD
- 3.03%
- 6M
- 1.79%
- 1Y
- 13.95%
- 3Y*
- 20.38%
- 5Y*
- 5.69%
- 10Y*
- 16.26%
SOUN vs. SKYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
SKYY First Trust ISE Cloud Computing Index Fund | 3.03% | 9.20% | 35.87% | 52.18% | -24.82% |
Correlation
The correlation between SOUN and SKYY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.40 |
The correlation between SOUN and SKYY has been stable across timeframes, ranging from 0.40 to 0.50 - a consistent structural relationship.
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Return for Risk
SOUN vs. SKYY — Risk / Return Rank
SOUN
SKYY
SOUN vs. SKYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and First Trust ISE Cloud Computing Index Fund (SKYY). 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 | SKYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.51 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.60 | 1.13 | -1.73 |
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Drawdowns
SOUN vs. SKYY - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than SKYY's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for SOUN and SKYY.
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Drawdown Indicators
| SOUN | SKYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -53.20% | -40.35% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -27.39% | -45.04% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -31.80% | -43.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.20% | — |
Current DrawdownCurrent decline from peak | -71.52% | -13.63% | -57.89% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -10.90% | -56.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 12.34% | +32.95% |
Volatility
SOUN vs. SKYY - Volatility Comparison
SoundHound AI, Inc. (SOUN) has a higher volatility of 17.69% compared to First Trust ISE Cloud Computing Index Fund (SKYY) at 13.09%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | SKYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 13.09% | +4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 52.15% | 23.88% | +28.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.70% | 28.45% | +52.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.27% | 30.67% | +105.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.27% | 26.90% | +109.37% |
Dividends
SOUN vs. SKYY - Dividend Comparison
Neither SOUN nor SKYY has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.37% | 0.27% | 0.35% | 0.41% |
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% |
Frequently Asked Questions
SOUN and SKYY have a correlation of 0.47, 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 SKYY (13.09%). In terms of maximum drawdown, SOUN dropped -93.55% vs SKYY's -53.20%.
SKYY currently has the higher Sharpe Ratio (0.49 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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