BACQU vs TDUP

Comparison between Merlin Inc - Units (1Ord Class A & 1 Rights) (BACQU, Company) and ThredUp Inc - Class A (TDUP, Company).

BACQU is from the Financial Services sector, while TDUP is from the Consumer Cyclical sector.

BACQU vs TDUP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BACQU(COMPANY)	TDUP(COMPANY)
Market Cap	$781M	$779M
Max Drawdown	26.63%	98.32%
Sharpe Ratio	0.17	-0.31
5Y Beta	0.05	1.44
Industry	Shell Companies	Internet Retail
P/E Ratio	N/A	-35.51
Debt to Equity	0.00%	29.87%
Free Cash Flow Yield	-3.45%	-2.36%
P/S Ratio	N/A	2.43
P/B Ratio	N/A	13.95

Market Cap

Winner

BACQU

$781M

TDUP

$779M

Max Drawdown

Winner

BACQU

26.63%

TDUP

98.32%

Sharpe Ratio

Winner

BACQU

0.17

TDUP

-0.31

5Y Beta

Winner

BACQU

0.05

TDUP

1.44

Industry

BACQU

Shell Companies

TDUP

Internet Retail

P/E Ratio

BACQU

N/A

TDUP

-35.51

Debt to Equity

Winner

BACQU

0.00%

TDUP

29.87%

Free Cash Flow Yield

BACQU

-3.45%

Winner

TDUP

-2.36%

P/S Ratio

BACQU

N/A

TDUP

2.43

P/B Ratio

BACQU

N/A

TDUP

13.95

BACQU vs TDUP - Historical Returns

Returns include dividend reinvestment.

Period	BACQU	TDUP
1 month	+0.00%	-12.84%
3 months	+0.00%	+35.39%
6 months	-8.86%	+9.83%
1 year	+3.87%	-28.75%
5 years(CAGR)	N/A	-27.01%
Max(CAGR)	+5.77%	-20.99%

Winner

BACQU

+0.00%

TDUP

-12.84%

BACQU

+0.00%

Winner

TDUP

+35.39%

BACQU

-8.86%

Winner

TDUP

+9.83%

Winner

BACQU

+3.87%

TDUP

-28.75%

5Y(CAGR)

BACQU

N/A

TDUP

-27.01%

Max(CAGR)

Winner

BACQU

+5.77%

TDUP

-20.99%

BACQU vs TDUP - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	BACQU	TDUP
2026	-6.78%	-6.10%
2025	+17.65%	+353.19%
2024	+0.67%	-38.77%
2023	N/A	+90.68%
2022	N/A	-90.42%
2021	N/A	-36.20%

BACQU vs TDUP Drawdown Comparison

The maximum drawdown for BACQU was -26.63%, occurring on Feb 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for TDUP was -98.32%, occurring on Nov 4, 2024. This drawdown has not yet recovered.

The current BACQU drawdown is -21.26%. The current TDUP drawdown is -81.85%.

Rank	BACQU	TDUP
#1	-26.63% Oct 24, 2025 - Feb 13, 2026	-98.32% Mar 29, 2021 - Nov 4, 2024
#2	-2.67% Apr 25, 2025 - May 29, 2025	N/A
#3	-1.40% Jun 10, 2025 - Jul 2, 2025	N/A
#4	-1.21% Jul 2, 2025 - Aug 14, 2025	N/A
#5	-0.85% May 29, 2025 - Jun 10, 2025	N/A
#6	-0.59% Feb 24, 2025 - Apr 1, 2025	N/A
#7	-0.49% Feb 12, 2025 - Feb 24, 2025	N/A
#8	-0.34% Apr 1, 2025 - Apr 24, 2025	N/A
#9	-0.30% Jan 10, 2025 - Jan 17, 2025	N/A
#10	-0.30% Feb 3, 2025 - Feb 12, 2025	N/A
#11	-0.21% Dec 23, 2024 - Jan 10, 2025	N/A
#12	-0.20% Nov 20, 2024 - Dec 2, 2024	N/A
#13	-0.15% Dec 2, 2024 - Dec 23, 2024	N/A
#14	-0.14% Jan 17, 2025 - Jan 28, 2025	N/A
#15	-0.12% Nov 7, 2024 - Nov 15, 2024	N/A