BKHAU vs SPY
Comparison between Black Hawk Acquisition Corp - Units (1 Ord Share Cls A & 1/5 Rts ) (BKHAU, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
BKHAU vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
BKHAU
$39M
Winner
SPY
$784B
Expense Ratio
BKHAU
N/A
SPY
0.09%
Max Drawdown
Winner
BKHAU
10.93%
SPY
56.47%
Sharpe Ratio
BKHAU
0.83
Winner
SPY
1.56
5Y Beta
Winner
BKHAU
0.02
SPY
1.00
Industry
BKHAU
Shell Companies
SPY
N/A
P/E Ratio
BKHAU
37.15
Winner
SPY
28.29
Forward P/E
BKHAU
N/A
SPY
21.75
5Y Dividends CAGR
BKHAU
N/A
SPY
5.43%
5Y EPS CAGR
BKHAU
N/A
SPY
25.98%
Debt to Equity
BKHAU
N/A
SPY
30.79%
P/S Ratio
BKHAU
N/A
SPY
3.79
P/B Ratio
Winner
BKHAU
-11.65
SPY
5.67
BKHAU vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BKHAU
+15.55%
SPY
+2.12%
3M
Winner
BKHAU
+14.58%
SPY
+13.14%
6M
Winner
BKHAU
+14.58%
SPY
+11.52%
1Y
BKHAU
+24.55%
Winner
SPY
+26.68%
5Y(CAGR)
BKHAU
N/A
SPY
+13.75%
10Y(CAGR)
BKHAU
N/A
SPY
+15.65%
Max(CAGR)
Winner
BKHAU
+14.55%
SPY
+8.56%
BKHAU vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BKHAU | SPY |
|---|---|---|
| 2026 | +14.58% | +10.80% |
| 2025 | +12.68% | +18.00% |
| 2024 | +4.57% | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BKHAU vs SPY Drawdown Comparison
The maximum drawdown for BKHAU was -10.93%, occurring on Jun 17, 2025. Recovery took 87 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BKHAU drawdown is -6.40%. The current SPY drawdown is -0.62%.
| Rank | BKHAU | SPY |
|---|---|---|
| #1 | -10.93% Jun 9, 2025 - Oct 13, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -10.77% Feb 5, 2026 - Jun 4, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -6.40% Jun 5, 2026 - Jun 10, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -6.20% Sep 4, 2024 - Jun 9, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -5.05% Jul 5, 2024 - Sep 4, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.17% Oct 13, 2025 - Feb 3, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -2.80% May 13, 2024 - Jul 5, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.20% Mar 21, 2024 - Apr 2, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.20% Apr 9, 2024 - Apr 12, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.10% Apr 29, 2024 - May 7, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.00% Apr 16, 2024 - Apr 18, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BKHAU and SPY is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
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