HRTX vs AACIU

Comparison between Heron Therapeutics Inc (HRTX, Company) and Armada Acquisition Corp III - Units (1 Ord Cls A & 1/2 War) (AACIU, Company).

HRTX is from the Healthcare sector, while AACIU is from the Financial Services sector.

HRTX vs AACIU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HRTX(COMPANY)	AACIU(COMPANY)
Market Cap	$79M	$79M
Max Drawdown	99.92%	0.40%
Sharpe Ratio	-1.43	1.41
5Y Beta	1.27	0.05
Industry	Biotechnology	Shell Companies
P/E Ratio	-2.90	-1501.07
Forward P/E	46.95	N/A
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-26.35%	-0.03%

Market Cap

HRTX

$79M

Winner

AACIU

$79M

Max Drawdown

HRTX

99.92%

Winner

AACIU

0.40%

Sharpe Ratio

HRTX

-1.43

Winner

AACIU

1.41

5Y Beta

HRTX

1.27

Winner

AACIU

0.05

Industry

HRTX

Biotechnology

AACIU

Shell Companies

P/E Ratio

HRTX

-2.90

Winner

AACIU

-1501.07

Forward P/E

HRTX

46.95

AACIU

N/A

Debt to Equity

HRTX

0.00%

AACIU

0.00%

Free Cash Flow Yield

HRTX

-26.35%

Winner

AACIU

-0.03%

HRTX vs AACIU - Historical Returns

Returns include dividend reinvestment.

Period	HRTX	AACIU
1 month	-51.42%	+2.18%
3 months	-50.30%	+3.41%
6 months	-67.64%	N/A
1 year	-79.13%	N/A
5 years(CAGR)	-51.10%	N/A
10 years(CAGR)	-31.19%	N/A
Max(CAGR)	-21.93%	+10.42%

HRTX

-51.42%

Winner

AACIU

+2.18%

HRTX

-50.30%

Winner

AACIU

+3.41%

HRTX

-67.64%

AACIU

N/A

HRTX

-79.13%

AACIU

N/A

5Y(CAGR)

HRTX

-51.10%

AACIU

N/A

10Y(CAGR)

HRTX

-31.19%

AACIU

N/A

Max(CAGR)

HRTX

-21.93%

Winner

AACIU

+10.42%

HRTX vs AACIU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HRTX	AACIU
2026	-66.87%	+3.31%
2025	-18.75%	N/A
2024	-19.05%	N/A
2023	-30.04%	N/A
2022	-74.85%	N/A
2021	-55.94%	N/A
2020	-8.69%	N/A
2019	-9.62%	N/A
2018	+40.22%	N/A
2017	+35.07%	N/A
2016	-47.73%	N/A
2015	+167.80%	N/A
2014	+9.35%	N/A
2013	-20.54%	N/A
2012	+136.96%	N/A
2011	-51.06%	N/A
2010	-67.77%	N/A
2009	+152.20%	N/A
2008	-73.58%	N/A
2007	-71.58%	N/A
2006	-11.04%	N/A
2005	-6.13%	N/A
2004	-28.26%	N/A
2003	+145.00%	N/A
2002	-61.54%	N/A
2001	+21.05%	N/A
2000	-34.48%	N/A
1999	-9.83%	N/A

HRTX vs AACIU Drawdown Comparison

The maximum drawdown for HRTX was -99.92%, occurring on Jun 16, 2026. This drawdown has not yet recovered.

The maximum drawdown for AACIU was -0.40%, occurring on Apr 14, 2026. Recovery took 11 trading sessions.

The current HRTX drawdown is -99.91%.

Rank	HRTX	AACIU
#1	-99.92% Mar 9, 2000 - Jun 16, 2026	-0.40% Apr 13, 2026 - Apr 28, 2026
#2	-30.17% Nov 3, 1999 - Jan 10, 2000	-0.30% Apr 1, 2026 - Apr 13, 2026
#3	-16.43% Jan 10, 2000 - Feb 8, 2000	-0.30% May 5, 2026 - Jun 11, 2026
#4	-14.61% Mar 3, 2000 - Mar 9, 2000	-0.24% Feb 20, 2026 - Apr 1, 2026
#5	-13.51% Feb 9, 2000 - Mar 3, 2000	-0.10% Apr 28, 2026 - May 1, 2026
#6	-1.65% Nov 1, 1999 - Nov 3, 1999	N/A