SOUN vs. USO
SOUN (SoundHound AI Inc) is a stock, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 3 years, SOUN returned 40.71%/yr vs 29.98%/yr for USO. At a 0.00 correlation, their price movements are largely independent.
Performance
SOUN vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, SOUN achieves a -18.96% return, which is significantly lower than USO's 103.67% return.
SOUN
- 1D
- -8.39%
- 1M
- -14.68%
- YTD
- -18.96%
- 6M
- -31.41%
- 1Y
- -18.63%
- 3Y*
- 40.71%
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
SOUN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOUN SoundHound AI Inc | -18.96% | -49.75% | 835.85% | 19.77% | -76.40% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -4.94% | -10.21% |
Correlation
The correlation between SOUN and USO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.00 |
The correlation between SOUN and USO shifts across timeframes, from -0.13 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOUN vs. USO — Risk / Return Rank
SOUN
USO
SOUN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoundHound AI Inc (SOUN) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.38 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 5.01 | -5.27 |
| Martin ratioReturn relative to average drawdown | -0.42 | 9.42 | -9.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOUN | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 2.31 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | -0.18 | +0.19 |
Drawdowns
SOUN vs. USO - Drawdown Comparison
The maximum SOUN drawdown since its inception was -93.55%, roughly equal to the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for SOUN and USO.
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Drawdown Indicators
| SOUN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.55% | -98.19% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -72.43% | -20.39% | -52.04% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -26.05% | -49.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -66.65% | -85.01% | +18.36% |
Average DrawdownAverage peak-to-trough decline | -66.95% | -75.30% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.94% | 10.82% | +33.12% |
Volatility
SOUN vs. USO - Volatility Comparison
SoundHound AI Inc (SOUN) has a higher volatility of 18.41% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that SOUN's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOUN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.41% | 14.87% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 52.01% | 38.23% | +13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.52% | 44.20% | +36.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.48% | 36.06% | +100.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.48% | 39.00% | +97.48% |
Dividends
SOUN vs. USO - Dividend Comparison
Neither SOUN nor USO has paid dividends to shareholders.
Frequently Asked Questions
SOUN and USO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOUN has higher volatility (18.41%) compared to USO (14.87%). In terms of maximum drawdown, SOUN dropped -93.55% vs USO's -98.19%.
USO currently has the higher Sharpe Ratio (2.31 vs -0.23), 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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