CRC vs. BSM
CRC (California Resources Corporation) and BSM (Black Stone Minerals, L.P.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 5 years, CRC returned 17.99%/yr vs 18.17%/yr for BSM. At a 0.48 correlation, their price movements are largely independent.
Performance
CRC vs. BSM - Performance Comparison
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Returns By Period
In the year-to-date period, CRC achieves a 40.97% return, which is significantly higher than BSM's 9.29% return.
CRC
- 1D
- 0.79%
- 1M
- -9.48%
- YTD
- 40.97%
- 6M
- 32.02%
- 1Y
- 40.28%
- 3Y*
- 19.85%
- 5Y*
- 17.99%
- 10Y*
- —
BSM
- 1D
- 2.35%
- 1M
- -0.00%
- YTD
- 9.29%
- 6M
- 1.01%
- 1Y
- 10.60%
- 3Y*
- 5.43%
- 5Y*
- 18.17%
- 10Y*
- 8.15%
CRC vs. BSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRC California Resources Corporation | 40.97% | -10.78% | -2.57% | 28.85% | 3.69% | 81.82% | 57.27% |
BSM Black Stone Minerals, L.P. | 9.29% | 0.56% | 1.47% | 5.85% | 80.82% | 67.42% | 11.10% |
Correlation
The correlation between CRC and BSM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.48 |
The correlation between CRC and BSM has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Fundamentals
CRC:
$4.17
BSM:
$1.38
CRC:
14.92
BSM:
10.10
CRC:
1.56
BSM:
6.41
CRC:
$3.48B
BSM:
$468.25M
CRC:
$1.30B
BSM:
$365.30M
CRC:
$1.34B
BSM:
$475.89M
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Return for Risk
CRC vs. BSM — Risk / Return Rank
CRC
BSM
CRC vs. BSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for California Resources Corporation (CRC) and Black Stone Minerals, L.P. (BSM). 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.
| CRC | BSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.77 | +0.91 |
| Martin ratioReturn relative to average drawdown | 3.58 | 1.59 | +1.99 |
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
| CRC | BSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.52 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.69 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.20 | +0.53 |
Drawdowns
CRC vs. BSM - Drawdown Comparison
The maximum CRC drawdown since its inception was -44.75%, smaller than the maximum BSM drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for CRC and BSM.
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Drawdown Indicators
| CRC | BSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -75.58% | +30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.04% | -13.79% | -10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -44.75% | -21.48% | -23.27% |
Max Drawdown (5Y)Largest decline over 5 years | -44.75% | -25.52% | -19.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.58% | — |
Current DrawdownCurrent decline from peak | -10.71% | -7.78% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -16.41% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 6.68% | +4.62% |
Volatility
CRC vs. BSM - Volatility Comparison
California Resources Corporation (CRC) has a higher volatility of 15.55% compared to Black Stone Minerals, L.P. (BSM) at 7.47%. This indicates that CRC's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRC | BSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 7.47% | +8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 26.71% | 15.71% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.96% | 20.70% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.45% | 26.42% | +14.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.44% | 31.52% | +11.92% |
Dividends
CRC vs. BSM - Dividend Comparison
CRC's dividend yield for the trailing twelve months is around 2.58%, less than BSM's 8.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 8.62% | 10.16% | 10.96% | 11.90% | 9.13% | 8.23% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% |
CRC California Resources Corporation | 2.58% | 3.51% | 2.69% | 2.12% | 1.82% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CRC vs. BSM - Financials Comparison
This section allows you to compare key financial metrics between California Resources Corporation and Black Stone Minerals, L.P.. 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
CRC vs. BSM - Profitability Comparison
CRC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, California Resources Corporation reported a gross profit of 309.00M and revenue of 871.00M. Therefore, the gross margin over that period was 35.5%.
BSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Black Stone Minerals, L.P. reported a gross profit of 162.57M and revenue of 188.46M. Therefore, the gross margin over that period was 86.3%.
CRC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, California Resources Corporation reported an operating income of 159.00M and revenue of 871.00M, resulting in an operating margin of 18.3%.
BSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Black Stone Minerals, L.P. reported an operating income of 145.74M and revenue of 188.46M, resulting in an operating margin of 77.3%.
CRC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, California Resources Corporation reported a net income of 12.00M and revenue of 871.00M, resulting in a net margin of 1.4%.
BSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Black Stone Minerals, L.P. reported a net income of 13.27M and revenue of 188.46M, resulting in a net margin of 7.0%.
Frequently Asked Questions
CRC and BSM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRC has higher volatility (15.55%) compared to BSM (7.47%). In terms of maximum drawdown, CRC dropped -44.75% vs BSM's -75.58%.
CRC currently has the higher Sharpe Ratio (1.16 vs 0.52), 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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