NHICU vs REFI

Comparison between NewHold Investment Corp III - Units (1 Ord Cls A & 1/2 War) (NHICU, Company) and Chicago Atlantic Real Estate Finance Inc (REFI, Company).

NHICU vs REFI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NHICU(COMPANY)	REFI(COMPANY)
Market Cap	$210M	$209M
Max Drawdown	18.74%	51.71%
Sharpe Ratio	0.42	-0.51
5Y Beta	0.01	0.41
Industry	N/A	Reit - Mortgage
P/E Ratio	535.85	6.79
Forward P/E	N/A	5.25
Dividend Yield	N/A	18.80%
Debt to Equity	0.00%	16.28%
Free Cash Flow Yield	-0.99%	11.62%
P/S Ratio	N/A	5.06
P/B Ratio	-37.17	0.82

Market Cap

Winner

NHICU

$210M

REFI

$209M

Max Drawdown

Winner

NHICU

18.74%

REFI

51.71%

Sharpe Ratio

Winner

NHICU

0.42

REFI

-0.51

5Y Beta

Winner

NHICU

0.01

REFI

0.41

Industry

NHICU

N/A

REFI

Reit - Mortgage

P/E Ratio

NHICU

535.85

Winner

REFI

6.79

Forward P/E

NHICU

N/A

REFI

5.25

Dividend Yield

NHICU

N/A

REFI

18.80%

Debt to Equity

Winner

NHICU

0.00%

REFI

16.28%

Free Cash Flow Yield

NHICU

-0.99%

Winner

REFI

11.62%

P/S Ratio

NHICU

N/A

REFI

5.06

P/B Ratio

Winner

NHICU

-37.17

REFI

0.82

NHICU vs REFI - Historical Returns

Returns include dividend reinvestment.

Period	NHICU	REFI
1 month	-7.36%	-4.90%
3 months	+6.34%	-14.02%
6 months	+7.72%	-9.34%
1 year	+11.99%	-10.74%
5 years(CAGR)	N/A	+3.01%
Max(CAGR)	+10.61%	+3.01%

NHICU

-7.36%

Winner

REFI

-4.90%

Winner

NHICU

+6.34%

REFI

-14.02%

Winner

NHICU

+7.72%

REFI

-9.34%

Winner

NHICU

+11.99%

REFI

-10.74%

5Y(CAGR)

NHICU

N/A

REFI

+3.01%

Max(CAGR)

Winner

NHICU

+10.61%

REFI

+3.01%

NHICU vs REFI - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	NHICU	REFI
2026	+10.81%	-10.52%
2025	+4.29%	-9.46%
2024	N/A	+9.91%
2023	N/A	+24.48%
2022	N/A	+1.58%
2021	N/A	+0.97%

NHICU vs REFI Drawdown Comparison

The maximum drawdown for NHICU was -18.74%, occurring on Jul 14, 2026. This drawdown has not yet recovered.

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

The current NHICU drawdown is -18.74%. The current REFI drawdown is -22.43%.

Rank	NHICU	REFI
#1	-18.74% Jun 8, 2026 - Jul 14, 2026	-26.51% Feb 28, 2022 - Dec 18, 2023
#2	-7.25% Jun 1, 2026 - Jun 8, 2026	-24.97% Mar 3, 2025 - Jul 31, 2026
#3	-4.91% Aug 19, 2025 - Apr 28, 2026	-9.51% Jul 17, 2024 - Nov 21, 2024
#4	-2.76% Jun 16, 2025 - Aug 19, 2025	-7.26% Dec 27, 2023 - Jul 15, 2024
#5	-0.50% Mar 27, 2025 - Apr 22, 2025	-6.30% Jan 20, 2022 - Feb 28, 2022
#6	-0.40% Apr 22, 2025 - Apr 29, 2025	-3.12% Jan 21, 2025 - Feb 10, 2025
#7	-0.22% Apr 29, 2025 - May 6, 2025	-2.99% Feb 18, 2025 - Feb 25, 2025
#8	-0.20% Mar 14, 2025 - Mar 27, 2025	-2.97% Dec 8, 2021 - Dec 31, 2021
#9	-0.19% Jun 11, 2025 - Jun 13, 2025	-2.82% Jan 3, 2025 - Jan 17, 2025
#10	-0.10% May 6, 2025 - May 21, 2025	-2.78% Dec 5, 2024 - Jan 3, 2025
#11	-0.10% Mar 5, 2025 - Mar 10, 2025	-2.38% Dec 19, 2023 - Dec 26, 2023
#12	-0.09% Mar 12, 2025 - Mar 14, 2025	-1.23% Dec 2, 2024 - Dec 5, 2024
#13	-0.05% Jun 4, 2025 - Jun 6, 2025	-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 NHICU and REFI is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101