SOUNW vs. SOUN

Last updated Jun 4, 2026

SOUNW (SoundHound AI Inc.) and SOUN (SoundHound AI Inc) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 3 years, SOUNW returned 78.69%/yr vs 40.71%/yr for SOUN. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

SOUNW vs. SOUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoundHound AI Inc. (SOUNW) and SoundHound AI Inc (SOUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOUNW achieves a -30.31% return, which is significantly lower than SOUN's -18.96% return.

SOUNW

• 1D: -11.01%
• 1M: -26.52%
• YTD: -30.31%
• 6M: -50.21%
• 1Y: -43.98%
• 3Y*: 78.69%
• 5Y*: 30.94%
• 10Y*: —

SOUN

• 1D: -8.39%
• 1M: -14.68%
• YTD: -18.96%
• 6M: -31.41%
• 1Y: -18.63%
• 3Y*: 40.71%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOUNW vs. SOUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SOUNW SoundHound AI Inc.	-30.31%	-69.90%	3,356.94%	122.93%	-75.81%
SOUN SoundHound AI Inc	-18.96%	-49.75%	835.85%	19.77%	-76.40%

Correlation

The correlation between SOUNW and SOUN is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.57

Over the past year, SOUNW and SOUN have become more correlated (0.83) than their long-term average of 0.57, meaning their price movements have been converging.

Fundamentals

Market Cap SOUNW : $820.77M SOUN : $2.73B
EPS SOUNW : -$0.43 SOUN : -$0.43
PS Ratio SOUNW : 5.17 SOUN : 17.23
PB Ratio SOUNW : 1.78 SOUN : 5.94
Total Revenue (TTM) SOUNW : $183.99M SOUN : $183.99M
Gross Profit (TTM) SOUNW : $69.84M SOUN : $69.84M
EBITDA (TTM) SOUNW : -$124.47M SOUN : -$124.47M

Return for Risk

SOUNW vs. SOUN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOUNW

SOUNW Risk / Return Rank: 27
SOUNW Sharpe Ratio Rank: 24
SOUNW Sortino Ratio Rank: 32
SOUNW Omega Ratio Rank: 31
SOUNW Calmar Ratio Rank: 22
SOUNW Martin Ratio Rank: 24

SOUN

SOUN Risk / Return Rank: 33
SOUN Sharpe Ratio Rank: 31
SOUN Sortino Ratio Rank: 34
SOUN Omega Ratio Rank: 33
SOUN Calmar Ratio Rank: 32
SOUN Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOUNW vs. SOUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoundHound AI Inc. (SOUNW) and SoundHound AI Inc (SOUN). 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.

	SOUNW	SOUN	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	-0.23	-0.14
Sortino ratio: Return per unit of downside risk	0.11	0.22	-0.10
Omega ratio: Gain probability vs. loss probability	1.01	1.02	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.54	-0.26	-0.28
Martin ratio: Return relative to average drawdown	-0.85	-0.42	-0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOUNW vs. SOUN - Sharpe Ratio Comparison

The current SOUNW Sharpe Ratio is -0.37, which is lower than the SOUN Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of SOUNW and SOUN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOUNW	SOUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	-0.23	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.01	+0.08

Drawdowns

SOUNW vs. SOUN - Drawdown Comparison

The maximum SOUNW drawdown since its inception was -94.64%, roughly equal to the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for SOUNW and SOUN.

Drawdown Indicators

	SOUNW	SOUN	Difference
Max Drawdown Largest peak-to-trough decline	-94.64%	-93.55%	-1.09%
Max Drawdown (1Y) Largest decline over 1 year	-82.42%	-72.43%	-9.99%
Max Drawdown (3Y) Largest decline over 3 years	-89.36%	-75.65%	-13.71%
Max Drawdown (5Y) Largest decline over 5 years	-94.64%	—	—
Current Drawdown Current decline from peak	-85.67%	-66.65%	-19.02%
Average Drawdown Average peak-to-trough decline	-60.68%	-66.95%	+6.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.03%	43.94%	+8.09%

Volatility

SOUNW vs. SOUN - Volatility Comparison

SoundHound AI Inc. (SOUNW) has a higher volatility of 25.75% compared to SoundHound AI Inc (SOUN) at 18.41%. This indicates that SOUNW's price experiences larger fluctuations and is considered to be riskier than SOUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOUNW	SOUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.75%	18.41%	+7.34%
Volatility (6M) Calculated over the trailing 6-month period	80.50%	52.01%	+28.49%
Volatility (1Y) Calculated over the trailing 1-year period	117.86%	80.52%	+37.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	224.99%	136.48%	+88.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	223.05%	136.48%	+86.57%

Dividends

SOUNW vs. SOUN - Dividend Comparison

Neither SOUNW nor SOUN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SOUNW and SOUN in my portfolio?

SOUNW and SOUN have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOUNW or SOUN?

SOUNW has higher volatility (25.75%) compared to SOUN (18.41%). In terms of maximum drawdown, SOUNW dropped -94.64% vs SOUN's -93.55%.

Which has better risk-adjusted returns?

SOUN currently has the higher Sharpe Ratio (-0.23 vs -0.37), 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.