BDN vs. CRT
BDN (Brandywine Realty Trust) and CRT (Cross Timbers Royalty Trust) are both stocks. BDN operates in REIT - Office (Real Estate), while CRT operates in Oil & Gas E&P (Energy). Over the past 10 years, BDN returned -8.24%/yr vs 4.41%/yr for CRT. At a 0.09 correlation, their price movements are largely independent.
Performance
BDN vs. CRT - Performance Comparison
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Returns By Period
In the year-to-date period, BDN achieves a 10.64% return, which is significantly lower than CRT's 38.41% return. Over the past 10 years, BDN has underperformed CRT with an annualized return of -8.24%, while CRT has yielded a comparatively higher 4.41% annualized return.
BDN
- 1D
- -2.56%
- 1M
- 4.45%
- YTD
- 10.64%
- 6M
- -2.69%
- 1Y
- -21.26%
- 3Y*
- 2.49%
- 5Y*
- -18.44%
- 10Y*
- -8.24%
CRT
- 1D
- 1.79%
- 1M
- 0.65%
- YTD
- 38.41%
- 6M
- 31.11%
- 1Y
- 16.07%
- 3Y*
- -14.77%
- 5Y*
- 10.72%
- 10Y*
- 4.41%
BDN vs. CRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDN Brandywine Realty Trust | 10.64% | -41.31% | 17.13% | 1.73% | -50.65% | 19.50% | -19.06% | 28.95% | -26.04% | 14.42% |
CRT Cross Timbers Royalty Trust | 38.41% | -13.15% | -39.15% | -24.36% | 145.90% | 53.31% | 5.38% | -13.04% | -17.93% | -12.70% |
Correlation
The correlation between BDN and CRT is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 1992 | 0.09 |
The correlation between BDN and CRT shifts across timeframes, from 0.05 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BDN:
$529.96M
CRT:
$64.80M
BDN:
-$1.16
CRT:
$0.54
BDN:
1.08
CRT:
14.41
BDN:
0.72
CRT:
30.49
BDN:
$489.94M
CRT:
$4.50M
BDN:
$343.79M
CRT:
$4.33M
BDN:
$38.42M
CRT:
$3.36M
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Return for Risk
BDN vs. CRT — Risk / Return Rank
BDN
CRT
BDN vs. CRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandywine Realty Trust (BDN) and Cross Timbers Royalty Trust (CRT). 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.
| BDN | CRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.12 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.56 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.88 | 1.20 | -2.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDN | CRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 0.53 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.21 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.10 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.25 | -0.23 |
Drawdowns
BDN vs. CRT - Drawdown Comparison
The maximum BDN drawdown since its inception was -96.84%, which is greater than CRT's maximum drawdown of -83.57%. Use the drawdown chart below to compare losses from any high point for BDN and CRT.
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Drawdown Indicators
| BDN | CRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.84% | -83.57% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -43.44% | -28.94% | -14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -56.26% | -67.06% | +10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -73.17% | -71.10% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -71.10% | -2.07% |
Current DrawdownCurrent decline from peak | -67.02% | -53.78% | -13.24% |
Average DrawdownAverage peak-to-trough decline | -39.24% | -29.39% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.27% | 13.48% | +10.79% |
Volatility
BDN vs. CRT - Volatility Comparison
Brandywine Realty Trust (BDN) has a higher volatility of 7.89% compared to Cross Timbers Royalty Trust (CRT) at 5.76%. This indicates that BDN's price experiences larger fluctuations and is considered to be riskier than CRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDN | CRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 5.76% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 26.13% | 22.90% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.08% | 30.49% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.11% | 50.47% | -12.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.24% | 46.02% | -10.78% |
Dividends
BDN vs. CRT - Dividend Comparison
BDN's dividend yield for the trailing twelve months is around 12.79%, more than CRT's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDN Brandywine Realty Trust | 12.79% | 18.15% | 10.71% | 13.33% | 12.36% | 5.66% | 6.38% | 4.83% | 5.59% | 3.52% | 3.76% | 4.39% |
CRT Cross Timbers Royalty Trust | 4.83% | 9.41% | 9.56% | 10.96% | 7.69% | 9.71% | 9.45% | 10.04% | 13.06% | 6.87% | 5.90% | 10.41% |
Financials
BDN vs. CRT - Financials Comparison
This section allows you to compare key financial metrics between Brandywine Realty Trust and Cross Timbers Royalty Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BDN vs. CRT - Profitability Comparison
BDN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brandywine Realty Trust reported a gross profit of 115.68M and revenue of 127.00M. Therefore, the gross margin over that period was 91.1%.
CRT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cross Timbers Royalty Trust reported a gross profit of 754.63K and revenue of 787.85K. Therefore, the gross margin over that period was 95.8%.
BDN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brandywine Realty Trust reported an operating income of 1.51M and revenue of 127.00M, resulting in an operating margin of 1.2%.
CRT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cross Timbers Royalty Trust reported an operating income of 503.41K and revenue of 787.85K, resulting in an operating margin of 63.9%.
BDN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brandywine Realty Trust reported a net income of -48.91M and revenue of 127.00M, resulting in a net margin of -38.5%.
CRT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cross Timbers Royalty Trust reported a net income of 503.41K and revenue of 787.85K, resulting in a net margin of 63.9%.
Frequently Asked Questions
BDN and CRT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDN has higher volatility (7.89%) compared to CRT (5.76%). In terms of maximum drawdown, BDN dropped -96.84% vs CRT's -83.57%.
CRT currently has the higher Sharpe Ratio (0.53 vs -0.63), 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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