CRT vs. SBR

Last updated Jun 3, 2026

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 4.22%/yr vs 17.70%/yr for SBR. At a 0.28 correlation, their price movements are largely independent.

Performance

CRT vs. SBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cross Timbers Royalty Trust (CRT) and Sabine Royalty Trust (SBR). 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 SBR's 15.14% return. Over the past 10 years, CRT has underperformed SBR with an annualized return of 4.22%, while SBR has yielded a comparatively higher 17.70% annualized 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%

SBR

• 1D: -0.03%
• 1M: -0.88%
• YTD: 15.14%
• 6M: 0.02%
• 1Y: 22.17%
• 3Y*: 11.25%
• 5Y*: 26.25%
• 10Y*: 17.70%

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

CRT vs. SBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRT Cross Timbers Royalty Trust	35.97%	-13.15%	-39.15%	-24.36%	145.90%	53.31%	5.38%	-13.04%	-17.93%	-12.70%
SBR Sabine Royalty Trust	15.14%	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 Mar 2, 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

EPS CRT : $0.54 SBR : $5.06
PE Ratio CRT : 19.83 SBR : 15.25
PEG Ratio CRT : 26.78 SBR : 0.92
PS Ratio CRT : 14.15 SBR : 14.62
Total Revenue (TTM) CRT : $4.50M SBR : $57.67M
Gross Profit (TTM) CRT : $4.33M SBR : $58.05M
EBITDA (TTM) CRT : $3.36M SBR : $55.09M

Return for Risk

CRT vs. SBR — 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

SBR

SBR Risk / Return Rank: 64
SBR Sharpe Ratio Rank: 70
SBR Sortino Ratio Rank: 60
SBR Omega Ratio Rank: 61
SBR Calmar Ratio Rank: 64
SBR Martin Ratio Rank: 63

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. 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.

	CRT	SBR	Difference
Sharpe ratio Return per unit of total volatility	0.61	0.94	-0.32
Sortino ratio Return per unit of downside risk	1.11	1.31	-0.19
Omega ratio Gain probability vs. loss probability	1.14	1.17	-0.04
Calmar ratio Return relative to maximum drawdown	0.45	1.20	-0.75
Martin ratio Return relative to average drawdown	0.96	2.54	-1.58
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. SBR - Sharpe Ratio Comparison

The current CRT Sharpe Ratio is 0.61, which is lower than the SBR Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of CRT and SBR, 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	SBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.94	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.83	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.57	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.54	-0.29

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.

Drawdown Indicators

	CRT	SBR	Difference
Max Drawdown Largest peak-to-trough decline	-83.57%	-56.40%	-27.17%
Max Drawdown (1Y) Largest decline over 1 year	-28.94%	-18.54%	-10.40%
Max Drawdown (3Y) Largest decline over 3 years	-67.06%	-18.54%	-48.52%
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 Drawdown Current decline from peak	-54.59%	-2.62%	-51.97%
Average Drawdown Average peak-to-trough decline	-29.39%	-13.64%	-15.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.48%	8.74%	+4.74%

Volatility

CRT vs. SBR - Volatility Comparison

Cross Timbers Royalty Trust (CRT) and Sabine Royalty Trust (SBR) have volatilities of 5.58% and 5.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT	SBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	5.83%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	22.89%	18.15%	+4.74%
Volatility (1Y) Calculated over the trailing 1-year period	30.82%	23.77%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.47%	31.78%	+18.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.02%	31.31%	+14.71%

Dividends

CRT vs. SBR - Dividend Comparison

CRT's dividend yield for the trailing twelve months is around 4.92%, less than SBR's 6.14% 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%
SBR Sabine Royalty Trust	6.14%	7.53%	8.41%	9.41%	10.13%	7.72%	8.59%	7.49%	8.98%	5.31%	5.50%	11.82%

Financials

Frequently Asked Questions

Can I hold both CRT and SBR in my portfolio?

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.

Which is riskier, CRT or SBR?

SBR has higher volatility (5.83%) compared to CRT (5.58%). In terms of maximum drawdown, CRT dropped -83.57% vs SBR's -56.40%.

Which has better risk-adjusted returns?

SBR currently has the higher Sharpe Ratio (0.94 vs 0.61), 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.