QQQ vs SOUN: Correlation
How closely do Invesco QQQ Trust (QQQ) and SoundHound AI, Inc. (SOUN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SOUN?
On 3 years of weekly data the QQQ/SOUN correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.40 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 907.5 %².
Among the 4755 assets we track against QQQ, SOUN ranks #640 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 65.7 percentage points (+26.3% for QQQ against -39.4% for SOUN). Risk is not evenly split, since SOUN carries 5.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs SOUN: side by side
| QQQ (Invesco QQQ Trust) | SOUN (SoundHound AI, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -39.4% |
| 5-year return | +95.4% | -3.7% |
| Volatility (ann.) | 19.6% | 114.8% |
| Beta vs S&P 500 | 1.28 | 3.35 |
| Max drawdown (3Y) | -22.8% | -76.5% |
| Market cap | – | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SOUN |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | +19.8% |
| 2024 | +25.6% | +835.8% |
| 2025 | +20.8% | -49.7% |
| 2026 | +17.7% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SOUN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SOUN?
As of 2026-08-27, the correlation of weekly returns between QQQ and SOUN is 0.40 over 3 years, 0.63 over 1 year and 0.30 over 5 years.
Is SOUN a good diversifier for QQQ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-soun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-soun/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SOUN correlations
