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SOUN vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SOUNSPY
YTD Return239.62%27.04%
1Y Return316.18%39.75%
Sharpe Ratio2.423.15
Sortino Ratio3.704.19
Omega Ratio1.421.59
Calmar Ratio3.444.60
Martin Ratio8.1720.85
Ulcer Index37.54%1.85%
Daily Std Dev126.70%12.29%
Max Drawdown-93.55%-55.19%
Current Drawdown-51.94%0.00%

Correlation

-0.50.00.51.00.3

The correlation between SOUN and SPY 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. SPY - Performance Comparison

In the year-to-date period, SOUN achieves a 239.62% return, which is significantly higher than SPY's 27.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
41.45%
15.57%
SOUN
SPY

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Risk-Adjusted Performance

SOUN vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SoundHound AI Inc (SOUN) and SPDR S&P 500 ETF (SPY). 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.


SOUN
Sharpe ratio
The chart of Sharpe ratio for SOUN, currently valued at 2.42, compared to the broader market-4.00-2.000.002.004.002.42
Sortino ratio
The chart of Sortino ratio for SOUN, currently valued at 3.70, compared to the broader market-4.00-2.000.002.004.006.003.70
Omega ratio
The chart of Omega ratio for SOUN, currently valued at 1.42, compared to the broader market0.501.001.502.001.42
Calmar ratio
The chart of Calmar ratio for SOUN, currently valued at 3.44, compared to the broader market0.002.004.006.003.44
Martin ratio
The chart of Martin ratio for SOUN, currently valued at 8.17, compared to the broader market0.0010.0020.0030.008.17
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 3.15, compared to the broader market-4.00-2.000.002.004.003.15
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 4.19, compared to the broader market-4.00-2.000.002.004.006.004.19
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.59, compared to the broader market0.501.001.502.001.59
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.60, compared to the broader market0.002.004.006.004.60
Martin ratio
The chart of Martin ratio for SPY, currently valued at 20.85, compared to the broader market0.0010.0020.0030.0020.85

SOUN vs. SPY - Sharpe Ratio Comparison

The current SOUN Sharpe Ratio is 2.42, which is comparable to the SPY Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of SOUN and SPY, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.42
3.15
SOUN
SPY

Dividends

SOUN vs. SPY - Dividend Comparison

SOUN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.


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%
SPY
SPDR S&P 500 ETF
1.17%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

SOUN vs. SPY - Drawdown Comparison

The maximum SOUN drawdown since its inception was -93.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SOUN and SPY. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-51.94%
0
SOUN
SPY

Volatility

SOUN vs. SPY - Volatility Comparison

SoundHound AI Inc (SOUN) has a higher volatility of 32.25% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than SPY 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
32.25%
3.95%
SOUN
SPY