AACIU vs HRTX

Comparison between Armada Acquisition Corp III - Units (1 Ord Cls A & 1/2 War) (AACIU, Company) and Heron Therapeutics Inc (HRTX, Company).

AACIU is from the Financial Services sector, while HRTX is from the Healthcare sector.

AACIU vs HRTX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AACIU(COMPANY)	HRTX(COMPANY)
Market Cap	$79M	$79M
Max Drawdown	0.40%	99.92%
Sharpe Ratio	1.41	-1.43
5Y Beta	0.05	1.27
Industry	Shell Companies	Biotechnology
P/E Ratio	-1501.07	-2.90
Forward P/E	N/A	46.95
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-0.03%	-26.35%

Market Cap

Winner

AACIU

$79M

HRTX

$79M

Max Drawdown

Winner

AACIU

0.40%

HRTX

99.92%

Sharpe Ratio

Winner

AACIU

1.41

HRTX

-1.43

5Y Beta

Winner

AACIU

0.05

HRTX

1.27

Industry

AACIU

Shell Companies

HRTX

Biotechnology

P/E Ratio

Winner

AACIU

-1501.07

HRTX

-2.90

Forward P/E

AACIU

N/A

HRTX

46.95

Debt to Equity

AACIU

0.00%

HRTX

0.00%

Free Cash Flow Yield

Winner

AACIU

-0.03%

HRTX

-26.35%

AACIU vs HRTX - Historical Returns

Returns include dividend reinvestment.

Period	AACIU	HRTX
1 month	+2.18%	-51.42%
3 months	+3.41%	-50.30%
6 months	N/A	-67.64%
1 year	N/A	-79.13%
5 years(CAGR)	N/A	-51.10%
10 years(CAGR)	N/A	-31.19%
Max(CAGR)	+10.42%	-21.93%

Winner

AACIU

+2.18%

HRTX

-51.42%

Winner

AACIU

+3.41%

HRTX

-50.30%

AACIU

N/A

HRTX

-67.64%

AACIU

N/A

HRTX

-79.13%

5Y(CAGR)

AACIU

N/A

HRTX

-51.10%

10Y(CAGR)

AACIU

N/A

HRTX

-31.19%

Max(CAGR)

Winner

AACIU

+10.42%

HRTX

-21.93%

AACIU vs HRTX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AACIU	HRTX
2026	+3.31%	-66.87%
2025	N/A	-18.75%
2024	N/A	-19.05%
2023	N/A	-30.04%
2022	N/A	-74.85%
2021	N/A	-55.94%
2020	N/A	-8.69%
2019	N/A	-9.62%
2018	N/A	+40.22%
2017	N/A	+35.07%
2016	N/A	-47.73%
2015	N/A	+167.80%
2014	N/A	+9.35%
2013	N/A	-20.54%
2012	N/A	+136.96%
2011	N/A	-51.06%
2010	N/A	-67.77%
2009	N/A	+152.20%
2008	N/A	-73.58%
2007	N/A	-71.58%
2006	N/A	-11.04%
2005	N/A	-6.13%
2004	N/A	-28.26%
2003	N/A	+145.00%
2002	N/A	-61.54%
2001	N/A	+21.05%
2000	N/A	-34.48%
1999	N/A	-9.83%

AACIU vs HRTX Drawdown Comparison

The maximum drawdown for AACIU was -0.40%, occurring on Apr 14, 2026. Recovery took 11 trading sessions.

The maximum drawdown for HRTX was -99.92%, occurring on Jun 16, 2026. This drawdown has not yet recovered.

The current HRTX drawdown is -99.91%.

Rank	AACIU	HRTX
#1	-0.40% Apr 13, 2026 - Apr 28, 2026	-99.92% Mar 9, 2000 - Jun 16, 2026
#2	-0.30% Apr 1, 2026 - Apr 13, 2026	-30.17% Nov 3, 1999 - Jan 10, 2000
#3	-0.30% May 5, 2026 - Jun 11, 2026	-16.43% Jan 10, 2000 - Feb 8, 2000
#4	-0.24% Feb 20, 2026 - Apr 1, 2026	-14.61% Mar 3, 2000 - Mar 9, 2000
#5	-0.10% Apr 28, 2026 - May 1, 2026	-13.51% Feb 9, 2000 - Mar 3, 2000
#6	N/A	-1.65% Nov 1, 1999 - Nov 3, 1999