BSM vs. VOC
BSM (Black Stone Minerals, L.P.) and VOC (VOC Energy Trust) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, BSM returned 8.52%/yr vs 10.76%/yr for VOC. At a 0.31 correlation, their price movements are largely independent.
Performance
BSM vs. VOC - Performance Comparison
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Returns By Period
In the year-to-date period, BSM achieves a 8.82% return, which is significantly higher than VOC's 5.91% return. Over the past 10 years, BSM has underperformed VOC with an annualized return of 8.52%, while VOC has yielded a comparatively higher 10.76% annualized return.
BSM
- 1D
- -1.07%
- 1M
- 0.29%
- YTD
- 8.82%
- 6M
- 7.13%
- 1Y
- 14.71%
- 3Y*
- 6.03%
- 5Y*
- 17.19%
- 10Y*
- 8.52%
VOC
- 1D
- -2.88%
- 1M
- -13.74%
- YTD
- 5.91%
- 6M
- 4.75%
- 1Y
- 3.41%
- 3Y*
- -20.67%
- 5Y*
- 2.97%
- 10Y*
- 10.76%
BSM vs. VOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 8.82% | 0.56% | 1.47% | 5.85% | 80.82% | 67.42% | -42.97% | -9.53% | -7.04% | 2.49% |
VOC VOC Energy Trust | 5.91% | -35.74% | -24.87% | -23.37% | 161.55% | 138.08% | -47.61% | 45.58% | -30.78% | 108.09% |
Correlation
The correlation between BSM and VOC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 1, 2015 | 0.31 |
Fundamentals
BSM:
$1.38
VOC:
$0.47
BSM:
10.06
VOC:
5.79
BSM:
0.28
VOC:
0.38
BSM:
6.39
VOC:
5.12
BSM:
$468.25M
VOC:
$6.72M
BSM:
$365.30M
VOC:
$6.67M
BSM:
$475.89M
VOC:
$5.95M
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Return for Risk
BSM vs. VOC — Risk / Return Rank
BSM
VOC
BSM vs. VOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Stone Minerals, L.P. (BSM) and VOC Energy Trust (VOC). 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.
| BSM | VOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.14 | +0.96 |
| Martin ratioReturn relative to average drawdown | 2.51 | 0.30 | +2.21 |
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Drawdowns
BSM vs. VOC - Drawdown Comparison
The maximum BSM drawdown since its inception was -75.58%, smaller than the maximum VOC drawdown of -87.00%. Use the drawdown chart below to compare losses from any high point for BSM and VOC.
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Drawdown Indicators
| BSM | VOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.58% | -87.00% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -24.40% | +10.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -71.12% | +49.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.52% | -75.56% | +50.04% |
Max Drawdown (10Y)Largest decline over 10 years | -75.58% | -78.42% | +2.84% |
Current DrawdownCurrent decline from peak | -8.17% | -68.96% | +60.79% |
Average DrawdownAverage peak-to-trough decline | -16.86% | -48.06% | +31.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 11.33% | -5.45% |
Volatility
BSM vs. VOC - Volatility Comparison
The current volatility for Black Stone Minerals, L.P. (BSM) is 6.01%, while VOC Energy Trust (VOC) has a volatility of 10.46%. This indicates that BSM experiences smaller price fluctuations and is considered to be less risky than VOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSM | VOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 10.46% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 32.05% | -17.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.58% | 40.65% | -20.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.33% | 48.69% | -22.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.52% | 54.25% | -22.73% |
Dividends
BSM vs. VOC - Dividend Comparison
BSM's dividend yield for the trailing twelve months is around 8.66%, less than VOC's 15.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 8.66% | 10.16% | 10.96% | 11.90% | 9.13% | 8.23% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% |
VOC VOC Energy Trust | 15.00% | 16.11% | 15.27% | 12.43% | 12.30% | 10.87% | 10.14% | 15.01% | 19.67% | 8.36% | 8.96% | 19.11% |
Financials
BSM vs. VOC - Financials Comparison
This section allows you to compare key financial metrics between Black Stone Minerals, L.P. and VOC Energy 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
Frequently Asked Questions
BSM and VOC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOC has higher volatility (10.46%) compared to BSM (6.01%). In terms of maximum drawdown, BSM dropped -75.58% vs VOC's -87.00%.
BSM currently has the higher Sharpe Ratio (0.72 vs 0.08), 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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