REFI vs. VGT
REFI (Chicago Atlantic Real Estate Finance, Inc.) is a stock, while VGT (Vanguard Information Technology ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 3 years, REFI returned 2.87%/yr vs 28.00%/yr for VGT. At a 0.23 correlation, their price movements are largely independent.
Performance
REFI vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, REFI achieves a -4.76% return, which is significantly lower than VGT's 22.94% return.
REFI
- 1D
- -0.83%
- 1M
- -1.44%
- 6M
- -6.06%
- YTD
- -4.76%
- 1Y
- -9.53%
- 3Y*
- 2.87%
- 5Y*
- —
- 10Y*
- —
VGT
- 1D
- -2.12%
- 1M
- -0.88%
- 6M
- 21.06%
- YTD
- 22.94%
- 1Y
- 38.55%
- 3Y*
- 28.00%
- 5Y*
- 18.46%
- 10Y*
- 24.67%
REFI vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REFI Chicago Atlantic Real Estate Finance, Inc. | -4.76% | -8.70% | 8.69% | 23.70% | 3.35% | 1.52% |
VGT Vanguard Information Technology ETF | 22.94% | 21.77% | 29.30% | 52.66% | -29.70% | 0.74% |
Correlation
The correlation between REFI and VGT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.23 |
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Return for Risk
REFI vs. VGT — Risk / Return Rank
REFI
VGT
REFI vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chicago Atlantic Real Estate Finance, Inc. (REFI) and Vanguard Information Technology ETF (VGT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REFI | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.36 | -2.99 |
| Martin ratioReturn relative to average drawdown | -1.08 | 6.86 | -7.94 |
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Drawdowns
REFI vs. VGT - Drawdown Comparison
The maximum REFI drawdown since its inception was -26.55%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for REFI and VGT.
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Drawdown Indicators
| REFI | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.55% | -54.63% | +28.08% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -16.40% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.76% | -27.23% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -17.43% | -7.99% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -7.94% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 5.63% | +3.18% |
Volatility
REFI vs. VGT - Volatility Comparison
The current volatility for Chicago Atlantic Real Estate Finance, Inc. (REFI) is 8.92%, while Vanguard Information Technology ETF (VGT) has a volatility of 9.66%. This indicates that REFI experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REFI | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 9.66% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.00% | 19.38% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.69% | 23.37% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.40% | 25.69% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 24.80% | -0.40% |
Dividends
REFI vs. VGT - Dividend Comparison
REFI's dividend yield for the trailing twelve months is around 17.52%, more than VGT's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REFI Chicago Atlantic Real Estate Finance, Inc. | 17.52% | 15.33% | 13.36% | 13.41% | 13.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.37% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
REFI and VGT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGT has higher volatility (9.66%) compared to REFI (8.92%). In terms of maximum drawdown, REFI dropped -26.55% vs VGT's -54.63%.
VGT currently has the higher Sharpe Ratio (1.66 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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