OSPN vs HOND

Comparison between OneSpan Inc (OSPN, Company) and HCM II Acquisition Corp. Class A Ordinary Shares (HOND, Company).

OSPN is from the Technology sector, while HOND is from the Financial Services sector.

OSPN vs HOND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OSPN(COMPANY)	HOND(COMPANY)
Market Cap	$523M	$519M
Max Drawdown	95.31%	35.72%
Sharpe Ratio	-0.06	1.35
5Y Beta	1.06	0.06
Industry	Software - Infrastructure	Shell Companies
P/E Ratio	7.56	109.13
Forward P/E	11.04	N/A
PEG Ratio	0.34	N/A
Dividend Yield	3.58%	N/A
Debt to Equity	0.00%	N/A
Free Cash Flow Yield	9.15%	-0.19%
P/S Ratio	2.13	N/A
P/B Ratio	1.93	2.29

Market Cap

Winner

OSPN

$523M

HOND

$519M

Max Drawdown

OSPN

95.31%

Winner

HOND

35.72%

Sharpe Ratio

OSPN

-0.06

Winner

HOND

1.35

5Y Beta

OSPN

1.06

Winner

HOND

0.06

Industry

OSPN

Software - Infrastructure

HOND

Shell Companies

P/E Ratio

Winner

OSPN

7.56

HOND

109.13

Forward P/E

OSPN

11.04

HOND

N/A

PEG Ratio

OSPN

0.34

HOND

N/A

Dividend Yield

OSPN

3.58%

HOND

N/A

Debt to Equity

OSPN

0.00%

HOND

N/A

Free Cash Flow Yield

Winner

OSPN

9.15%

HOND

-0.19%

P/S Ratio

OSPN

2.13

HOND

N/A

P/B Ratio

Winner

OSPN

1.93

HOND

2.29

OSPN vs HOND - Historical Returns

Returns include dividend reinvestment.

Period	OSPN	HOND
1 month	+21.20%	+18.06%
3 months	+37.15%	+63.26%
6 months	+13.13%	+66.57%
1 year	-8.13%	+80.76%
5 years(CAGR)	-10.43%	N/A
10 years(CAGR)	-1.17%	N/A
Max(CAGR)	+4.45%	+76.04%

Winner

OSPN

+21.20%

HOND

+18.06%

OSPN

+37.15%

Winner

HOND

+63.26%

OSPN

+13.13%

Winner

HOND

+66.57%

OSPN

-8.13%

Winner

HOND

+80.76%

5Y(CAGR)

OSPN

-10.43%

HOND

N/A

10Y(CAGR)

OSPN

-1.17%

HOND

N/A

Max(CAGR)

OSPN

+4.45%

Winner

HOND

+76.04%

OSPN vs HOND - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	OSPN	HOND
2026	+19.30%	N/A
2025	-29.65%	+79.86%
2024	+75.40%	+0.50%
2023	-7.59%	N/A
2022	-35.06%	N/A
2021	-21.00%	N/A
2020	+18.17%	N/A
2019	+32.82%	N/A
2018	-8.16%	N/A
2017	-0.71%	N/A
2016	-17.97%	N/A
2015	-38.72%	N/A
2014	+271.67%	N/A
2013	-5.04%	N/A
2012	+23.26%	N/A
2011	-23.38%	N/A
2010	+23.74%	N/A
2009	-39.62%	N/A
2008	-62.41%	N/A
2007	+133.25%	N/A
2006	+17.79%	N/A
2005	+43.31%	N/A
2004	+186.58%	N/A
2003	+175.62%	N/A
2002	-56.70%	N/A
2001	-58.00%	N/A

OSPN vs HOND Drawdown Comparison

The maximum drawdown for OSPN was -95.31%, occurring on Feb 7, 2003. Recovery took 1013 trading sessions.

The maximum drawdown for HOND was -35.72%, occurring on Oct 22, 2025. This drawdown has not yet recovered.

The current OSPN drawdown is -64.77%. The current HOND drawdown is -33.43%.

Rank	OSPN	HOND
#1	-95.31% Jan 24, 2001 - Feb 8, 2005	-35.72% Oct 15, 2025 - Oct 22, 2025
#2	-90.92% Oct 15, 2007 - Mar 9, 2009	-13.28% Sep 24, 2025 - Oct 6, 2025
#3	-42.50% Nov 11, 2005 - Oct 26, 2006	-9.16% Jun 12, 2025 - Sep 12, 2025
#4	-33.30% Aug 1, 2005 - Nov 11, 2005	-5.13% May 28, 2025 - Jun 12, 2025
#5	-31.31% Feb 8, 2005 - May 11, 2005	-4.36% Oct 6, 2025 - Oct 9, 2025
#6	-15.85% Feb 22, 2007 - Apr 4, 2007	-2.78% Mar 26, 2025 - Apr 24, 2025
#7	-15.69% Aug 9, 2007 - Sep 4, 2007	-1.95% Jan 23, 2025 - Mar 26, 2025
#8	-12.80% May 7, 2007 - Jun 1, 2007	-1.72% May 14, 2025 - May 23, 2025
#9	-12.47% Jun 20, 2005 - Jul 21, 2005	-1.14% Apr 25, 2025 - May 14, 2025
#10	-12.25% Nov 8, 2006 - Jan 4, 2007	-0.40% Dec 17, 2024 - Jan 23, 2025
#11	-11.87% Jan 17, 2007 - Feb 20, 2007	-0.30% Oct 29, 2024 - Dec 11, 2024
#12	-10.94% May 26, 2005 - Jun 15, 2005	-0.10% Oct 10, 2024 - Oct 23, 2024
#13	-10.32% Jan 10, 2001 - Jan 23, 2001	-0.10% Dec 11, 2024 - Dec 17, 2024
#14	-10.12% Jun 5, 2007 - Jul 5, 2007	-0.05% Oct 23, 2024 - Oct 28, 2024
#15	-10.05% Apr 4, 2007 - Apr 26, 2007	N/A

Correlation

Correlation between OSPN and HOND is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.66

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