REFI vs JENA

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

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

REFI vs JENA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

REFI

$239M

Winner

JENA

$240M

Max Drawdown

REFI

45.62%

Winner

JENA

1.26%

Sharpe Ratio

REFI

-0.34

Winner

JENA

-0.26

5Y Beta

REFI

0.43

Winner

JENA

0.03

Industry

REFI

Reit - Mortgage

JENA

Shell Companies

P/E Ratio

Winner

REFI

7.77

JENA

26.74

Forward P/E

REFI

7.43

JENA

N/A

Dividend Yield

REFI

16.60%

JENA

N/A

Debt to Equity

REFI

16.28%

Winner

JENA

0.00%

Free Cash Flow Yield

Winner

REFI

10.16%

JENA

-0.21%

P/S Ratio

REFI

4.82

JENA

N/A

P/B Ratio

Winner

REFI

0.79

JENA

1.34

REFI vs JENA - Historical Returns

Returns include dividend reinvestment.

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

REFI

-0.71%

Winner

JENA

-0.19%

REFI

-5.49%

Winner

JENA

+1.08%

REFI

-7.07%

Winner

JENA

+1.32%

REFI

-9.01%

Winner

JENA

+2.48%

5Y(CAGR)

REFI

+4.47%

JENA

N/A

Max(CAGR)

Winner

REFI

+4.47%

JENA

+2.75%

REFI vs JENA - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

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

REFI vs JENA Drawdown Comparison

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

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

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

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

Correlation

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

-0.49

-101