XRPN vs FWDI

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

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

XRPN vs FWDI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

Winner

XRPN

$331M

FWDI

$330M

Max Drawdown

Winner

XRPN

3.33%

FWDI

98.85%

Sharpe Ratio

Winner

XRPN

-0.06

FWDI

-0.15

5Y Beta

Winner

XRPN

-0.01

FWDI

0.88

Industry

XRPN

Shell Companies

FWDI

Footwear & Accessories

P/E Ratio

XRPN

228.44

Winner

FWDI

-2.23

Forward P/E

XRPN

N/A

FWDI

44.44

PEG Ratio

XRPN

N/A

FWDI

2.53

Debt to Equity

XRPN

0.00%

FWDI

0.00%

Free Cash Flow Yield

Winner

XRPN

-0.11%

FWDI

-4.40%

P/S Ratio

XRPN

N/A

FWDI

7.12

P/B Ratio

XRPN

1.47

Winner

FWDI

0.58

XRPN vs FWDI - Historical Returns

Returns include dividend reinvestment.

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

XRPN

+0.29%

Winner

FWDI

+3.28%

Winner

XRPN

+0.87%

FWDI

-8.09%

Winner

XRPN

+1.95%

FWDI

-42.15%

Winner

XRPN

+3.62%

FWDI

-63.87%

5Y(CAGR)

XRPN

N/A

FWDI

-31.03%

10Y(CAGR)

XRPN

N/A

FWDI

-12.70%

Max(CAGR)

Winner

XRPN

+3.65%

FWDI

-6.80%

XRPN vs FWDI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

XRPN vs FWDI Drawdown Comparison

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

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

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

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