CRT vs. SBR
CRT (Cross Timbers Royalty Trust) and SBR (Sabine Royalty Trust) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, CRT returned 1.18%/yr vs 17.05%/yr for SBR. At a 0.28 correlation, their price movements are largely independent.
Performance
CRT vs. SBR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CRT having a 9.96% return and SBR slightly lower at 9.76%. Over the past 10 years, CRT has underperformed SBR with an annualized return of 1.18%, while SBR has yielded a comparatively higher 17.05% annualized return.
CRT
- 1D
- 0.35%
- 1M
- -19.21%
- YTD
- 9.96%
- 6M
- 12.41%
- 1Y
- -6.07%
- 3Y*
- -20.58%
- 5Y*
- 2.19%
- 10Y*
- 1.18%
SBR
- 1D
- 1.09%
- 1M
- -4.58%
- YTD
- 9.76%
- 6M
- 9.50%
- 1Y
- 19.64%
- 3Y*
- 13.21%
- 5Y*
- 23.87%
- 10Y*
- 17.05%
CRT vs. SBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRT Cross Timbers Royalty Trust | 9.96% | -13.15% | -39.15% | -24.36% | 145.90% | 53.31% | 5.38% | -13.04% | -17.93% | -12.70% |
SBR Sabine Royalty Trust | 9.76% | 14.04% | 4.06% | -13.10% | 132.08% | 60.71% | -24.24% | 15.77% | -9.61% | 34.83% |
Correlation
The correlation between CRT and SBR 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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 1992 | 0.28 |
The correlation between CRT and SBR shifts across timeframes, from 0.15 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CRT:
$0.54
SBR:
$5.06
CRT:
16.04
SBR:
14.44
CRT:
21.65
SBR:
0.87
CRT:
11.44
SBR:
13.85
CRT:
$4.50M
SBR:
$57.67M
CRT:
$4.33M
SBR:
$58.05M
CRT:
$3.36M
SBR:
$55.09M
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Return for Risk
CRT vs. SBR — Risk / Return Rank
CRT
SBR
CRT vs. SBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cross Timbers Royalty Trust (CRT) and Sabine Royalty Trust (SBR). 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 | SBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.15 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.06 | -1.28 |
| Martin ratioReturn relative to average drawdown | -0.48 | 2.23 | -2.70 |
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Drawdowns
CRT vs. SBR - Drawdown Comparison
The maximum CRT drawdown since its inception was -83.57%, which is greater than SBR's maximum drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for CRT and SBR.
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Drawdown Indicators
| CRT | SBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.57% | -56.40% | -27.17% |
Max Drawdown (1Y)Largest decline over 1 year | -27.77% | -18.54% | -9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -63.52% | -18.54% | -44.98% |
Max Drawdown (5Y)Largest decline over 5 years | -71.10% | -34.56% | -36.54% |
Max Drawdown (10Y)Largest decline over 10 years | -71.10% | -50.71% | -20.39% |
Current DrawdownCurrent decline from peak | -63.28% | -7.17% | -56.11% |
Average DrawdownAverage peak-to-trough decline | -29.43% | -13.63% | -15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.74% | 8.85% | +3.89% |
Volatility
CRT vs. SBR - Volatility Comparison
Cross Timbers Royalty Trust (CRT) has a higher volatility of 10.95% compared to Sabine Royalty Trust (SBR) at 7.60%. This indicates that CRT's price experiences larger fluctuations and is considered to be riskier than SBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRT | SBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 7.60% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 23.29% | 15.99% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.91% | 24.52% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.51% | 31.84% | +18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.13% | 31.35% | +14.78% |
Dividends
CRT vs. SBR - Dividend Comparison
CRT's dividend yield for the trailing twelve months is around 6.08%, less than SBR's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRT Cross Timbers Royalty Trust | 6.08% | 9.41% | 9.56% | 10.96% | 7.69% | 9.71% | 9.45% | 10.04% | 13.06% | 6.87% | 5.90% | 10.41% |
SBR Sabine Royalty Trust | 6.59% | 7.53% | 8.41% | 9.41% | 10.13% | 7.72% | 8.59% | 7.49% | 8.98% | 5.31% | 5.50% | 11.82% |
Financials
CRT vs. SBR - Financials Comparison
This section allows you to compare key financial metrics between Cross Timbers Royalty Trust and Sabine 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
Frequently Asked Questions
CRT and SBR 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.
CRT has higher volatility (10.95%) compared to SBR (7.60%). In terms of maximum drawdown, CRT dropped -83.57% vs SBR's -56.40%.
SBR currently has the higher Sharpe Ratio (0.81 vs -0.19), 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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