CRT vs. PRT

Last updated Jun 3, 2026

CRT (Cross Timbers Royalty Trust) and PRT (PermRock Royalty Trust) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 5 years, CRT returned 10.26%/yr vs -12.33%/yr for PRT. At a 0.25 correlation, their price movements are largely independent.

Performance

CRT vs. PRT - Performance Comparison

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

Returns By Period

In the year-to-date period, CRT achieves a 35.97% return, which is significantly higher than PRT's -22.79% return.

CRT

• 1D: 1.24%
• 1M: -0.01%
• YTD: 35.97%
• 6M: 30.88%
• 1Y: 18.59%
• 3Y*: -15.28%
• 5Y*: 10.26%
• 10Y*: 4.22%

PRT

• 1D: 2.90%
• 1M: -24.09%
• YTD: -22.79%
• 6M: -43.59%
• 1Y: -41.99%
• 3Y*: -14.77%
• 5Y*: -12.33%
• 10Y*: —

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

CRT vs. PRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CRT Cross Timbers Royalty Trust	35.97%	-13.15%	-39.15%	-24.36%	145.90%	53.31%	5.38%	-13.04%	-12.41%
PRT PermRock Royalty Trust	-22.79%	-12.79%	-11.58%	-37.64%	24.09%	194.55%	-49.26%	-0.27%	-57.76%

Correlation

The correlation between CRT and PRT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since May 3, 2018	0.25

The correlation between CRT and PRT shifts across timeframes, from 0.13 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS CRT : $0.54 PRT : $0.43
PE Ratio CRT : 19.83 PRT : 4.99
PS Ratio CRT : 14.15 PRT : 4.28
Total Revenue (TTM) CRT : $4.50M PRT : $4.54M
Gross Profit (TTM) CRT : $4.33M PRT : $3.88M
EBITDA (TTM) CRT : $3.36M PRT : $3.25M

Return for Risk

CRT vs. PRT — Risk / Return Rank

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

CRT

CRT Risk / Return Rank: 54
CRT Sharpe Ratio Rank: 61
CRT Sortino Ratio Rank: 56
CRT Omega Ratio Rank: 54
CRT Calmar Ratio Rank: 51
CRT Martin Ratio Rank: 51

PRT

PRT Risk / Return Rank: 4
PRT Sharpe Ratio Rank: 2
PRT Sortino Ratio Rank: 4
PRT Omega Ratio Rank: 4
PRT Calmar Ratio Rank: 10
PRT Martin Ratio Rank: 0

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. PRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cross Timbers Royalty Trust (CRT) and PermRock Royalty Trust (PRT). 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.

	CRT	PRT	Difference
Sharpe ratio Return per unit of total volatility	0.61	-1.17	+1.79
Sortino ratio Return per unit of downside risk	1.11	-1.68	+2.80
Omega ratio Gain probability vs. loss probability	1.14	0.78	+0.36
Calmar ratio Return relative to maximum drawdown	0.45	-0.81	+1.26
Martin ratio Return relative to average drawdown	0.96	-2.49	+3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRT vs. PRT - Sharpe Ratio Comparison

The current CRT Sharpe Ratio is 0.61, which is higher than the PRT Sharpe Ratio of -1.17. The chart below compares the historical Sharpe Ratios of CRT and PRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRT	PRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	-1.17	+1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	-0.30	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	-0.24	+0.48

Drawdowns

CRT vs. PRT - Drawdown Comparison

The maximum CRT drawdown since its inception was -83.57%, smaller than the maximum PRT drawdown of -91.42%. Use the drawdown chart below to compare losses from any high point for CRT and PRT.

Drawdown Indicators

	CRT	PRT	Difference
Max Drawdown Largest peak-to-trough decline	-83.57%	-91.42%	+7.85%
Max Drawdown (1Y) Largest decline over 1 year	-28.94%	-53.54%	+24.60%
Max Drawdown (3Y) Largest decline over 3 years	-67.06%	-66.13%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-71.10%	-74.28%	+3.18%
Max Drawdown (10Y) Largest decline over 10 years	-71.10%	—	—
Current Drawdown Current decline from peak	-54.59%	-73.50%	+18.91%
Average Drawdown Average peak-to-trough decline	-29.39%	-48.91%	+19.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.48%	17.47%	-3.99%

Volatility

CRT vs. PRT - Volatility Comparison

The current volatility for Cross Timbers Royalty Trust (CRT) is 5.58%, while PermRock Royalty Trust (PRT) has a volatility of 16.90%. This indicates that CRT experiences smaller price fluctuations and is considered to be less risky than PRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT	PRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	16.90%	-11.32%
Volatility (6M) Calculated over the trailing 6-month period	22.89%	34.13%	-11.24%
Volatility (1Y) Calculated over the trailing 1-year period	30.82%	35.97%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.47%	41.16%	+9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.02%	60.37%	-14.35%

Dividends

CRT vs. PRT - Dividend Comparison

CRT's dividend yield for the trailing twelve months is around 4.92%, less than PRT's 11.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT Cross Timbers Royalty Trust	4.92%	9.41%	9.56%	10.96%	7.69%	9.71%	9.45%	10.04%	13.06%	6.87%	5.90%	10.41%
PRT PermRock Royalty Trust	11.68%	13.88%	12.05%	11.65%	13.12%	8.66%	6.01%	13.50%	21.65%	0.00%	0.00%	0.00%

Financials

CRT vs. PRT - Profitability Comparison

The chart below illustrates the profitability comparison between Cross Timbers Royalty Trust and PermRock Royalty Trust over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

PRT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PermRock Royalty Trust reported a gross profit of 0.00 and revenue of 656.97K. Therefore, the gross margin over that period was 0.0%.

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%.

PRT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PermRock Royalty Trust reported an operating income of 0.00 and revenue of 656.97K, resulting in an operating margin of 0.0%.

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%.

PRT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PermRock Royalty Trust reported a net income of 647.43K and revenue of 656.97K, resulting in a net margin of 98.6%.

Frequently Asked Questions

Can I hold both CRT and PRT in my portfolio?

CRT and PRT have a correlation of 0.13, 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 PRT?

PRT has higher volatility (16.90%) compared to CRT (5.58%). In terms of maximum drawdown, CRT dropped -83.57% vs PRT's -91.42%.

Which has better risk-adjusted returns?

CRT currently has the higher Sharpe Ratio (0.61 vs -1.17), 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.