TCNNF vs. REFI

Last updated Jun 24, 2026

TCNNF (Trulieve Cannabis Corp) and REFI (Chicago Atlantic Real Estate Finance, Inc.) are both stocks. TCNNF operates in Drug Manufacturers - Specialty & Generic (Healthcare), while REFI operates in REIT - Mortgage (Real Estate). At a correlation of -0.27, they often move in opposite directions.

Performance

TCNNF vs. REFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trulieve Cannabis Corp (TCNNF) and Chicago Atlantic Real Estate Finance, Inc. (REFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TCNNF

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

REFI

• 1D: 0.64%
• 1M: -3.01%
• YTD: -6.85%
• 6M: -7.65%
• 1Y: -11.17%
• 3Y*: 3.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCNNF vs. REFI - Yearly Performance Comparison

	2026 (YTD)
TCNNF Trulieve Cannabis Corp	-5.71%
REFI Chicago Atlantic Real Estate Finance, Inc.	-2.84%

Correlation

The correlation between TCNNF and REFI is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	-0.27

Fundamentals

Market Cap TCNNF : $2.28B REFI : $235.46M
EPS TCNNF : -$0.42 REFI : $226.63
PS Ratio TCNNF : 1.90 REFI : 5.31
PB Ratio TCNNF : 1.99 REFI : 0.00
Total Revenue (TTM) TCNNF : $1.17B REFI : $44.35M
Gross Profit (TTM) TCNNF : $670.85M REFI : $42.41M
EBITDA (TTM) TCNNF : $276.20M REFI : $8.16M

Return for Risk

TCNNF vs. REFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCNNF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

REFI

REFI Risk / Return Rank: 18
REFI Sharpe Ratio Rank: 22
REFI Sortino Ratio Rank: 21
REFI Omega Ratio Rank: 21
REFI Calmar Ratio Rank: 14
REFI Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCNNF vs. REFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trulieve Cannabis Corp (TCNNF) and Chicago Atlantic Real Estate Finance, Inc. (REFI). 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.

	TCNNF	REFI	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.46	—
Sortino ratio: Return per unit of downside risk	—	-0.49	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.74	—
Martin ratio: Return relative to average drawdown	—	-1.33	—

Drawdowns

TCNNF vs. REFI - Drawdown Comparison

The maximum TCNNF drawdown since its inception was -11.15%, smaller than the maximum REFI drawdown of -26.55%. Use the drawdown chart below to compare losses from any high point for TCNNF and REFI.

Drawdown Indicators

	TCNNF	REFI	Difference
Max Drawdown Largest peak-to-trough decline	-11.15%	-26.55%	+15.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.76%	—
Current Drawdown Current decline from peak	-11.15%	-19.25%	+8.10%
Average Drawdown Average peak-to-trough decline	-10.14%	-9.95%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.39%	—

Volatility

Volatility by Period

	TCNNF	REFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.42%	24.27%	+39.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.42%	24.41%	+39.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.42%	24.41%	+39.01%

Dividends

TCNNF vs. REFI - Dividend Comparison

TCNNF has not paid dividends to shareholders, while REFI's dividend yield for the trailing twelve months is around 17.15%.

Position	TTM	2025	2024	2023	2022
REFI Chicago Atlantic Real Estate Finance, Inc.	17.15%	15.33%	13.36%	13.41%	13.93%
TCNNF Trulieve Cannabis Corp	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TCNNF and REFI in my portfolio?

TCNNF and REFI have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.