JENA vs REFI

Comparison between Jena Acquisition Corporation II Class A (JENA, Company) and Chicago Atlantic Real Estate Finance Inc (REFI, Company).

JENA is from the Financial Services sector, while REFI is from the Real Estate sector.

JENA vs REFI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JENA(COMPANY)	REFI(COMPANY)
Market Cap	$240M	$239M
Max Drawdown	1.26%	45.62%
Sharpe Ratio	-0.26	-0.34
5Y Beta	0.03	0.43
Industry	Shell Companies	Reit - Mortgage
P/E Ratio	26.74	7.77
Forward P/E	N/A	7.43
Dividend Yield	N/A	16.60%
Debt to Equity	0.00%	16.28%
Free Cash Flow Yield	-0.21%	10.16%
P/S Ratio	N/A	4.82
P/B Ratio	1.34	0.79

Market Cap

Winner

JENA

$240M

REFI

$239M

Max Drawdown

Winner

JENA

1.26%

REFI

45.62%

Sharpe Ratio

Winner

JENA

-0.26

REFI

-0.34

5Y Beta

Winner

JENA

0.03

REFI

0.43

Industry

JENA

Shell Companies

REFI

Reit - Mortgage

P/E Ratio

JENA

26.74

Winner

REFI

7.77

Forward P/E

JENA

N/A

REFI

7.43

Dividend Yield

JENA

N/A

REFI

16.60%

Debt to Equity

Winner

JENA

0.00%

REFI

16.28%

Free Cash Flow Yield

JENA

-0.21%

Winner

REFI

10.16%

P/S Ratio

JENA

N/A

REFI

4.82

P/B Ratio

JENA

1.34

Winner

REFI

0.79

JENA vs REFI - Historical Returns

Returns include dividend reinvestment.

Period	JENA	REFI
1 month	-0.19%	-0.71%
3 months	+1.08%	-5.49%
6 months	+1.32%	-7.07%
1 year	+2.48%	-9.01%
5 years(CAGR)	N/A	+4.47%
Max(CAGR)	+2.75%	+4.47%

Winner

JENA

-0.19%

REFI

-0.71%

Winner

JENA

+1.08%

REFI

-5.49%

Winner

JENA

+1.32%

REFI

-7.07%

Winner

JENA

+2.48%

REFI

-9.01%

5Y(CAGR)

JENA

N/A

REFI

+4.47%

Max(CAGR)

JENA

+2.75%

Winner

REFI

+4.47%

JENA vs REFI - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	JENA	REFI
2026	+1.27%	-5.02%
2025	+0.89%	-9.46%
2024	N/A	+9.91%
2023	N/A	+24.48%
2022	N/A	+1.58%
2021	N/A	+0.97%

JENA vs REFI Drawdown Comparison

The maximum drawdown for JENA was -1.26%, occurring on Mar 13, 2026. Recovery took 46 trading sessions.

The maximum drawdown for REFI was -26.51%, occurring on Mar 15, 2023. Recovery took 454 trading sessions.

The current JENA drawdown is -0.48%. The current REFI drawdown is -17.67%.

Rank	JENA	REFI
#1	-1.26% Jan 30, 2026 - Apr 8, 2026	-26.51% Feb 28, 2022 - Dec 18, 2023
#2	-1.26% Apr 8, 2026 - May 19, 2026	-19.25% Mar 3, 2025 - Mar 27, 2026
#3	-0.88% Jan 16, 2026 - Jan 26, 2026	-9.51% Jul 17, 2024 - Nov 21, 2024
#4	-0.87% May 19, 2026 - May 20, 2026	-7.26% Dec 27, 2023 - Jul 15, 2024
#5	-0.68% Dec 8, 2025 - Jan 16, 2026	-6.30% Jan 20, 2022 - Feb 28, 2022
#6	-0.49% Aug 4, 2025 - Oct 1, 2025	-3.12% Jan 21, 2025 - Feb 10, 2025
#7	-0.39% Nov 11, 2025 - Dec 8, 2025	-2.99% Feb 18, 2025 - Feb 25, 2025
#8	-0.29% Oct 1, 2025 - Oct 7, 2025	-2.97% Dec 8, 2021 - Dec 31, 2021
#9	-0.29% Oct 30, 2025 - Nov 11, 2025	-2.82% Jan 3, 2025 - Jan 17, 2025
#10	-0.10% Jul 30, 2025 - Aug 4, 2025	-2.78% Dec 5, 2024 - Jan 3, 2025
#11	N/A	-2.38% Dec 19, 2023 - Dec 26, 2023
#12	N/A	-1.23% Dec 2, 2024 - Dec 5, 2024
#13	N/A	-0.88% Feb 11, 2025 - Feb 14, 2025
#14	N/A	-0.39% Jan 11, 2022 - Jan 13, 2022
#15	N/A	-0.31% Nov 25, 2024 - Nov 29, 2024

Correlation

Correlation between JENA and REFI is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

-101