SOUN vs. SMH
SOUN (SoundHound AI, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 3 years, SOUN returned 29.87%/yr vs 60.05%/yr for SMH. At a 0.33 correlation, their price movements are largely independent.
Performance
SOUN vs. SMH - 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 SMH's 72.15% return.
SOUN
- 1D
- -1.43%
- 1M
- -18.05%
- YTD
- -30.79%
- 6M
- -40.77%
- 1Y
- -27.14%
- 3Y*
- 29.87%
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
SOUN vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI, Inc. | -30.79% | -49.75% | 835.85% | 19.77% | -79.70% |
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -9.79% |
Correlation
The correlation between SOUN and SMH is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022 | 0.33 |
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Return for Risk
SOUN vs. SMH — Risk / Return Rank
SOUN
SMH
SOUN vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI, Inc. (SOUN) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.47 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.60 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 9.18 | -9.56 |
| Martin ratioReturn relative to average drawdown | -0.60 | 33.74 | -34.34 |
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Drawdowns
SOUN vs. SMH - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for SOUN and SMH.
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Drawdown Indicators
| SOUN | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -84.96% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -14.93% | -57.50% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -35.74% | -39.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -71.52% | -2.81% | -68.71% |
Average DrawdownAverage peak-to-trough decline | -66.93% | -41.04% | -25.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 4.06% | +41.23% |
Volatility
SOUN vs. SMH - Volatility Comparison
SoundHound AI, Inc. (SOUN) has a higher volatility of 17.69% compared to VanEck Semiconductor ETF (SMH) at 16.25%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 16.25% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 52.15% | 27.73% | +24.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.70% | 33.20% | +47.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.27% | 35.47% | +100.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.27% | 32.82% | +103.45% |
Dividends
SOUN vs. SMH - Dividend Comparison
SOUN has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
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 SMH have a correlation of 0.38, 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 SMH (16.25%). In terms of maximum drawdown, SOUN dropped -93.55% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 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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