FWDI vs XRPN

Comparison between Forward Industries Inc (FWDI, Company) and Armada Acquisition Corp II - Class A (XRPN, Company).

FWDI is from the Consumer Cyclical sector, while XRPN is from the Financial Services sector.

FWDI vs XRPN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FWDI(COMPANY)	XRPN(COMPANY)
Market Cap	$330M	$331M
Max Drawdown	98.85%	3.33%
Sharpe Ratio	-0.15	-0.06
5Y Beta	0.88	-0.01
Industry	Footwear & Accessories	Shell Companies
P/E Ratio	-2.23	228.44
Forward P/E	44.44	N/A
PEG Ratio	2.53	N/A
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-4.40%	-0.11%
P/S Ratio	7.12	N/A
P/B Ratio	0.58	1.47

Market Cap

FWDI

$330M

Winner

XRPN

$331M

Max Drawdown

FWDI

98.85%

Winner

XRPN

3.33%

Sharpe Ratio

FWDI

-0.15

Winner

XRPN

-0.06

5Y Beta

FWDI

0.88

Winner

XRPN

-0.01

Industry

FWDI

Footwear & Accessories

XRPN

Shell Companies

P/E Ratio

Winner

FWDI

-2.23

XRPN

228.44

Forward P/E

FWDI

44.44

XRPN

N/A

PEG Ratio

FWDI

2.53

XRPN

N/A

Debt to Equity

FWDI

0.00%

XRPN

0.00%

Free Cash Flow Yield

FWDI

-4.40%

Winner

XRPN

-0.11%

P/S Ratio

FWDI

7.12

XRPN

N/A

P/B Ratio

Winner

FWDI

0.58

XRPN

1.47

FWDI vs XRPN - Historical Returns

Returns include dividend reinvestment.

Period	FWDI	XRPN
1 month	+3.28%	+0.29%
3 months	-8.09%	+0.87%
6 months	-42.15%	+1.95%
1 year	-63.87%	+3.62%
5 years(CAGR)	-31.03%	N/A
10 years(CAGR)	-12.70%	N/A
Max(CAGR)	-6.80%	+3.65%

Winner

FWDI

+3.28%

XRPN

+0.29%

FWDI

-8.09%

Winner

XRPN

+0.87%

FWDI

-42.15%

Winner

XRPN

+1.95%

FWDI

-63.87%

Winner

XRPN

+3.62%

5Y(CAGR)

FWDI

-31.03%

XRPN

N/A

10Y(CAGR)

FWDI

-12.70%

XRPN

N/A

Max(CAGR)

FWDI

-6.80%

Winner

XRPN

+3.65%

FWDI vs XRPN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FWDI	XRPN
2026	-44.05%	+2.15%
2025	+31.94%	+1.99%
2024	-31.35%	N/A
2023	-29.18%	N/A
2022	-34.66%	N/A
2021	-17.02%	N/A
2020	+80.20%	N/A
2019	-26.12%	N/A
2018	+4.00%	N/A
2017	+3.36%	N/A
2016	-12.59%	N/A
2015	+43.69%	N/A
2014	-36.97%	N/A
2013	+2.65%	N/A
2012	-11.38%	N/A
2011	-45.78%	N/A
2010	+58.62%	N/A
2009	-6.67%	N/A
2008	-5.91%	N/A
2007	-45.01%	N/A
2006	-54.11%	N/A
2005	+114.46%	N/A
2004	+50.90%	N/A
2003	+110.53%	N/A
2002	+10.10%	N/A
2001	-13.00%	N/A
2000	-69.39%	N/A
1999	+20.91%	N/A

FWDI vs XRPN Drawdown Comparison

The maximum drawdown for FWDI was -98.85%, occurring on Sep 24, 2024. This drawdown has not yet recovered.

The maximum drawdown for XRPN was -3.33%, occurring on Nov 26, 2025. This drawdown has not yet recovered.

The current FWDI drawdown is -98.58%. The current XRPN drawdown is -0.57%.

Rank	FWDI	XRPN
#1	-98.85% Sep 8, 2005 - Sep 24, 2024	-3.33% Oct 14, 2025 - Nov 26, 2025
#2	-85.50% Jan 27, 2000 - Dec 22, 2004	-0.87% Aug 14, 2025 - Sep 19, 2025
#3	-34.71% Apr 6, 2005 - May 9, 2005	-0.76% Oct 2, 2025 - Oct 14, 2025
#4	-30.48% Jun 6, 2005 - Jul 25, 2005	-0.67% Sep 23, 2025 - Sep 29, 2025
#5	-25.93% Dec 13, 1999 - Jan 25, 2000	-0.59% Jul 21, 2025 - Aug 13, 2025
#6	-18.17% Feb 3, 2005 - Mar 1, 2005	-0.34% Sep 29, 2025 - Oct 2, 2025
#7	-17.89% Aug 3, 2005 - Sep 8, 2005	-0.20% Jun 30, 2025 - Jul 16, 2025
#8	-17.77% Jan 24, 2005 - Feb 3, 2005	-0.10% Jun 24, 2025 - Jun 30, 2025
#9	-17.74% Dec 28, 2004 - Jan 20, 2005	-0.10% Jul 16, 2025 - Jul 21, 2025
#10	-15.71% Mar 2, 2005 - Mar 15, 2005	N/A
#11	-15.16% Nov 10, 1999 - Dec 9, 1999	N/A
#12	-8.84% May 26, 2005 - Jun 6, 2005	N/A
#13	-8.51% Nov 2, 1999 - Nov 10, 1999	N/A
#14	-6.79% May 9, 2005 - May 16, 2005	N/A
#15	-6.45% Jan 20, 2005 - Jan 24, 2005	N/A