BKHAU vs PHUN

Comparison between Black Hawk Acquisition Corp - Units (1 Ord Share Cls A & 1/5 Rts ) (BKHAU, Company) and Phunware Inc (PHUN, Company).

BKHAU is from the Financial Services sector, while PHUN is from the Technology sector.

BKHAU vs PHUN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BKHAU(COMPANY)	PHUN(COMPANY)
Market Cap	$39M	$39M
Max Drawdown	10.93%	99.99%
Sharpe Ratio	0.89	-0.66
5Y Beta	0.03	1.80
Industry	Shell Companies	Software - Application
P/E Ratio	37.15	-3.56
5Y EPS CAGR	N/A	-54.93%
Debt to Equity	N/A	0.00%
Free Cash Flow Yield	N/A	-30.59%
P/B Ratio	-11.65	N/A

Market Cap

BKHAU

$39M

Winner

PHUN

$39M

Max Drawdown

Winner

BKHAU

10.93%

PHUN

99.99%

Sharpe Ratio

Winner

BKHAU

0.89

PHUN

-0.66

5Y Beta

Winner

BKHAU

0.03

PHUN

1.80

Industry

BKHAU

Shell Companies

PHUN

Software - Application

P/E Ratio

BKHAU

37.15

Winner

PHUN

-3.56

5Y EPS CAGR

BKHAU

N/A

PHUN

-54.93%

Debt to Equity

BKHAU

N/A

PHUN

0.00%

Free Cash Flow Yield

BKHAU

N/A

PHUN

-30.59%

P/B Ratio

BKHAU

-11.65

PHUN

N/A

BKHAU vs PHUN - Historical Returns

Returns include dividend reinvestment.

Period	BKHAU	PHUN
1 month	+17.65%	-3.81%
3 months	+19.76%	+15.49%
6 months	+17.06%	+3.88%
1 year	+33.21%	-35.42%
5 years(CAGR)	N/A	-50.34%
10 years(CAGR)	N/A	-43.65%
Max(CAGR)	+15.42%	-43.65%

Winner

BKHAU

+17.65%

PHUN

-3.81%

Winner

BKHAU

+19.76%

PHUN

+15.49%

Winner

BKHAU

+17.06%

PHUN

+3.88%

Winner

BKHAU

+33.21%

PHUN

-35.42%

5Y(CAGR)

BKHAU

N/A

PHUN

-50.34%

10Y(CAGR)

BKHAU

N/A

PHUN

-43.65%

Max(CAGR)

Winner

BKHAU

+15.42%

PHUN

-43.65%

BKHAU vs PHUN - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	BKHAU	PHUN
2026	+16.67%	+6.13%
2025	+12.68%	-65.87%
2024	+4.57%	+25.15%
2023	N/A	-89.87%
2022	N/A	-72.38%
2021	N/A	+119.17%
2020	N/A	+1.61%
2019	N/A	-91.65%
2018	N/A	+39.80%
2017	N/A	+2.10%
2016	N/A	+1.21%

BKHAU vs PHUN Drawdown Comparison

The maximum drawdown for BKHAU was -10.93%, occurring on Jun 17, 2025. Recovery took 87 trading sessions.

The maximum drawdown for PHUN was -99.99%, occurring on Feb 3, 2026. This drawdown has not yet recovered.

The current BKHAU drawdown is -4.70%. The current PHUN drawdown is -99.99%.

Rank	BKHAU	PHUN
#1	-10.93% Jun 9, 2025 - Oct 13, 2025	-99.99% Feb 1, 2019 - Feb 3, 2026
#2	-10.77% Feb 5, 2026 - Jun 4, 2026	-60.00% Jan 9, 2019 - Jan 31, 2019
#3	-8.30% Jun 5, 2026 - Jun 17, 2026	-12.64% Aug 24, 2018 - Dec 31, 2018
#4	-6.20% Sep 4, 2024 - Jun 9, 2025	-2.87% Aug 22, 2018 - Aug 24, 2018
#5	-5.05% Jul 5, 2024 - Sep 4, 2024	-2.63% Aug 31, 2017 - Mar 2, 2018
#6	-4.17% Oct 13, 2025 - Feb 3, 2026	-1.96% Mar 15, 2017 - Aug 21, 2017
#7	-2.80% May 13, 2024 - Jul 5, 2024	-1.57% Jan 25, 2017 - Mar 9, 2017
#8	-0.20% Mar 21, 2024 - Apr 2, 2024	-1.06% Apr 23, 2018 - May 30, 2018
#9	-0.20% Apr 9, 2024 - Apr 12, 2024	-1.00% Dec 1, 2016 - Jan 5, 2017
#10	-0.10% Apr 29, 2024 - May 7, 2024	-0.77% Jun 8, 2018 - Aug 14, 2018
#11	-0.00% Apr 16, 2024 - Apr 18, 2024	-0.57% Aug 14, 2018 - Aug 22, 2018
#12	N/A	-0.48% Mar 7, 2018 - Mar 27, 2018
#13	N/A	-0.48% May 30, 2018 - Jun 8, 2018
#14	N/A	-0.46% Mar 5, 2018 - Mar 7, 2018
#15	N/A	-0.39% Aug 21, 2017 - Aug 28, 2017

Correlation

Correlation between BKHAU and PHUN is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101