BACQU vs WLKP

Comparison between Merlin Inc - Units (1Ord Class A & 1 Rights) (BACQU, Company) and Westlake Chemical Partners LP (WLKP, Company).

BACQU is from the Financial Services sector, while WLKP is from the Basic Materials sector.

BACQU vs WLKP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BACQU(COMPANY)	WLKP(COMPANY)
Market Cap	$781M	$776M
Max Drawdown	26.63%	69.35%
Sharpe Ratio	0.17	0.29
5Y Beta	0.05	0.29
Industry	Shell Companies	Chemicals
P/E Ratio	N/A	6.05
Forward P/E	N/A	11.43
PEG Ratio	N/A	0.04
Dividend Yield	N/A	8.61%
5Y Dividends CAGR	N/A	0.00%
5Y EPS CAGR	N/A	14.88%
Debt to Equity	0.00%	80.15%
Free Cash Flow Yield	-3.45%	35.64%
P/S Ratio	N/A	0.62
P/B Ratio	N/A	3.01

Market Cap

Winner

BACQU

$781M

WLKP

$776M

Max Drawdown

Winner

BACQU

26.63%

WLKP

69.35%

Sharpe Ratio

BACQU

0.17

Winner

WLKP

0.29

5Y Beta

Winner

BACQU

0.05

WLKP

0.29

Industry

BACQU

Shell Companies

WLKP

Chemicals

P/E Ratio

BACQU

N/A

WLKP

6.05

Forward P/E

BACQU

N/A

WLKP

11.43

PEG Ratio

BACQU

N/A

WLKP

0.04

Dividend Yield

BACQU

N/A

WLKP

8.61%

5Y Dividends CAGR

BACQU

N/A

WLKP

0.00%

5Y EPS CAGR

BACQU

N/A

WLKP

14.88%

Debt to Equity

Winner

BACQU

0.00%

WLKP

80.15%

Free Cash Flow Yield

BACQU

-3.45%

Winner

WLKP

35.64%

P/S Ratio

BACQU

N/A

WLKP

0.62

P/B Ratio

BACQU

N/A

WLKP

3.01

BACQU vs WLKP - Historical Returns

Returns include dividend reinvestment.

Period	BACQU	WLKP
1 month	+0.00%	-6.56%
3 months	+0.00%	-0.42%
6 months	-8.26%	+9.08%
1 year	+3.87%	+7.58%
5 years(CAGR)	N/A	+4.00%
10 years(CAGR)	N/A	+7.19%
Max(CAGR)	+5.85%	+4.46%

Winner

BACQU

+0.00%

WLKP

-6.56%

Winner

BACQU

+0.00%

WLKP

-0.42%

BACQU

-8.26%

Winner

WLKP

+9.08%

BACQU

+3.87%

Winner

WLKP

+7.58%

5Y(CAGR)

BACQU

N/A

WLKP

+4.00%

10Y(CAGR)

BACQU

N/A

WLKP

+7.19%

Max(CAGR)

Winner

BACQU

+5.85%

WLKP

+4.46%

BACQU vs WLKP - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	BACQU	WLKP
2026	-6.78%	+20.02%
2025	+17.65%	-9.96%
2024	+0.67%	+15.87%
2023	N/A	+3.77%
2022	N/A	-1.84%
2021	N/A	+28.18%
2020	N/A	+3.15%
2019	N/A	+22.45%
2018	N/A	+3.09%
2017	N/A	+22.92%
2016	N/A	+7.98%
2015	N/A	-15.68%
2014	N/A	-5.23%

BACQU vs WLKP 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 WLKP was -60.16%, occurring on Mar 18, 2020. Recovery took 273 trading sessions.

The current BACQU drawdown is -21.26%. The current WLKP drawdown is -6.60%.

Rank	BACQU	WLKP
#1	-26.63% Oct 24, 2025 - Feb 13, 2026	-60.16% Dec 31, 2019 - Feb 1, 2021
#2	-2.67% Apr 25, 2025 - May 29, 2025	-50.73% Sep 4, 2014 - Aug 1, 2018
#3	-1.40% Jun 10, 2025 - Jul 2, 2025	-29.24% Apr 20, 2022 - Nov 22, 2024
#4	-1.21% Jul 2, 2025 - Aug 14, 2025	-23.47% Aug 3, 2018 - Dec 26, 2019
#5	-0.85% May 29, 2025 - Jun 10, 2025	-21.77% Feb 6, 2025 - Mar 5, 2026
#6	-0.59% Feb 24, 2025 - Apr 1, 2025	-14.21% Aug 11, 2021 - Dec 31, 2021
#7	-0.49% Feb 12, 2025 - Feb 24, 2025	-6.60% Jun 12, 2026 - Jul 16, 2026
#8	-0.34% Apr 1, 2025 - Apr 24, 2025	-6.43% Jul 30, 2014 - Sep 2, 2014
#9	-0.30% Jan 10, 2025 - Jan 17, 2025	-6.11% Feb 16, 2022 - Apr 5, 2022
#10	-0.30% Feb 3, 2025 - Feb 12, 2025	-5.80% Mar 10, 2021 - Apr 9, 2021
#11	-0.21% Dec 23, 2024 - Jan 10, 2025	-4.77% Dec 11, 2024 - Jan 21, 2025
#12	-0.20% Nov 20, 2024 - Dec 2, 2024	-4.53% Mar 5, 2026 - Apr 28, 2026
#13	-0.15% Dec 2, 2024 - Dec 23, 2024	-4.17% Dec 31, 2021 - Jan 10, 2022
#14	-0.14% Jan 17, 2025 - Jan 28, 2025	-4.08% Jan 10, 2022 - Feb 8, 2022
#15	-0.12% Nov 7, 2024 - Nov 15, 2024	-3.85% Feb 25, 2021 - Mar 8, 2021

Correlation

Correlation between BACQU and WLKP is -0.57 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.57

-101