CRT vs. NRT

Last updated Jul 11, 2026

CRT (Cross Timbers Royalty Trust) and NRT (North European Oil Royalty Trust) are both stocks. Both are in the Energy sector — CRT in Oil & Gas E&P, NRT in Oil & Gas Midstream. Over the past 10 years, CRT returned 0.65%/yr vs 8.07%/yr for NRT. At a 0.16 correlation, their price movements are largely independent.

Performance

CRT vs. NRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cross Timbers Royalty Trust (CRT) and North European Oil Royalty Trust (NRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRT achieves a 18.55% return, which is significantly higher than NRT's 16.92% return. Over the past 10 years, CRT has underperformed NRT with an annualized return of 0.65%, while NRT has yielded a comparatively higher 8.07% annualized return.

CRT

• 1D: 0.93%
• 1M: -14.27%
• 6M: 14.94%
• YTD: 18.55%
• 1Y: 0.69%
• 3Y*: -17.32%
• 5Y*: 4.17%
• 10Y*: 0.65%

NRT

• 1D: 0.97%
• 1M: -4.69%
• 6M: -2.24%
• YTD: 16.92%
• 1Y: 74.79%
• 3Y*: -13.89%
• 5Y*: 12.85%
• 10Y*: 8.07%

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

CRT vs. NRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRT Cross Timbers Royalty Trust	18.55%	-13.15%	-39.15%	-24.36%	145.90%	53.31%	5.38%	-13.04%	-17.93%	-12.70%
NRT North European Oil Royalty Trust	16.92%	88.44%	-25.32%	-46.49%	41.92%	269.00%	-46.68%	14.38%	-9.05%	17.23%

Correlation

The correlation between CRT and NRT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 28, 1992	0.16

Fundamentals

Market Cap CRT : $55.50M NRT : $67.18M
EPS CRT : $0.54 NRT : $1.36
PE Ratio CRT : 17.20 NRT : 5.37
PEG Ratio CRT : 23.23 NRT : 0.06
PS Ratio CRT : 12.28 NRT : 6.37
Total Revenue (TTM) CRT : $4.50M NRT : $7.90M
Gross Profit (TTM) CRT : $4.33M NRT : $7.62M
EBITDA (TTM) CRT : $3.36M NRT : $7.29M

Return for Risk

CRT vs. NRT — Risk / Return Rank

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

CRT

CRT Risk / Return Rank: 43
CRT Sharpe Ratio Rank: 45
CRT Sortino Ratio Rank: 40
CRT Omega Ratio Rank: 40
CRT Calmar Ratio Rank: 46
CRT Martin Ratio Rank: 46

NRT

NRT Risk / Return Rank: 82
NRT Sharpe Ratio Rank: 83
NRT Sortino Ratio Rank: 79
NRT Omega Ratio Rank: 79
NRT Calmar Ratio Rank: 84
NRT Martin Ratio Rank: 85

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.

CRT vs. NRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cross Timbers Royalty Trust (CRT) and North European Oil Royalty Trust (NRT). 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.

	CRT	NRT	Difference
Sharpe ratio: Return per unit of total volatility	0.01	1.35	-1.33
Sortino ratio: Return per unit of downside risk	0.25	1.96	-1.71
Omega ratio: Gain probability vs. loss probability	1.03	1.26	-0.22
Calmar ratio: Return relative to maximum drawdown	0.02	2.61	-2.59
Martin ratio: Return relative to average drawdown	0.03	6.93	-6.90

CRT vs. NRT - Sharpe Ratio Comparison

The current CRT Sharpe Ratio is 0.01, which is lower than the NRT Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of CRT and NRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRT vs. NRT - Drawdown Comparison

The maximum CRT drawdown since its inception was -83.57%, roughly equal to the maximum NRT drawdown of -85.53%. Use the drawdown chart below to compare losses from any high point for CRT and NRT.

Drawdown Indicators

	CRT	NRT	Difference
Max Drawdown Largest peak-to-trough decline	-83.57%	-85.53%	+1.96%
Max Drawdown (1Y) Largest decline over 1 year	-27.18%	-28.14%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-63.52%	-73.57%	+10.05%
Max Drawdown (5Y) Largest decline over 5 years	-71.10%	-73.79%	+2.69%
Max Drawdown (10Y) Largest decline over 10 years	-71.10%	-73.79%	+2.69%
Current Drawdown Current decline from peak	-60.41%	-40.17%	-20.24%
Average Drawdown Average peak-to-trough decline	-29.47%	-23.41%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	10.57%	+2.25%

Volatility

CRT vs. NRT - Volatility Comparison

The current volatility for Cross Timbers Royalty Trust (CRT) is 11.48%, while North European Oil Royalty Trust (NRT) has a volatility of 12.20%. This indicates that CRT experiences smaller price fluctuations and is considered to be less risky than NRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT	NRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.48%	12.20%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	21.61%	43.06%	-21.45%
Volatility (1Y) Calculated over the trailing 1-year period	32.09%	54.45%	-22.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.39%	60.61%	-10.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.07%	53.17%	-7.10%

Dividends

CRT vs. NRT - Dividend Comparison

CRT's dividend yield for the trailing twelve months is around 5.76%, less than NRT's 13.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT Cross Timbers Royalty Trust	5.76%	9.41%	9.56%	10.96%	7.69%	9.71%	9.45%	10.04%	13.06%	6.87%	5.90%	10.41%
NRT North European Oil Royalty Trust	13.82%	12.31%	11.88%	38.77%	14.42%	4.70%	11.00%	13.87%	12.07%	10.92%	10.15%	17.45%

Financials

Frequently Asked Questions

Can I hold both CRT and NRT in my portfolio?

CRT and NRT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRT or NRT?

NRT has higher volatility (12.20%) compared to CRT (11.48%). In terms of maximum drawdown, CRT dropped -83.57% vs NRT's -85.53%.

Which has better risk-adjusted returns?

NRT currently has the higher Sharpe Ratio (1.35 vs 0.01), 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.