CRT vs. VOC

Last updated Apr 4, 2026

Compare and contrast key facts about Cross Timbers Royalty Trust (CRT) and VOC Energy Trust (VOC).

Performance

CRT vs. VOC - Performance Comparison

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

CRT vs. VOC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRT Cross Timbers Royalty Trust	36.50%	-13.15%	-39.15%	-24.36%	145.90%	53.31%	5.38%	-13.04%	-17.93%	-12.70%
VOC VOC Energy Trust	32.07%	-35.74%	-24.87%	-23.37%	161.55%	138.08%	-47.61%	45.58%	-30.78%	108.09%

Fundamentals

EPS CRT : $0.74 VOC : $0.51
PE Ratio CRT : 14.50 VOC : 6.85
PEG Ratio CRT : 0.87 VOC : 0.12
PS Ratio CRT : 11.52 VOC : 6.01
Total Revenue (TTM) CRT : $5.60M VOC : $9.78M
Gross Profit (TTM) CRT : $5.53M VOC : $9.78M
EBITDA (TTM) CRT : $4.51M VOC : $16.90M

Returns By Period

In the year-to-date period, CRT achieves a 36.50% return, which is significantly higher than VOC's 32.07% return. Over the past 10 years, CRT has underperformed VOC with an annualized return of 5.62%, while VOC has yielded a comparatively higher 16.18% annualized return.

CRT

• 1D: 1.51%
• 1M: 18.53%
• YTD: 36.50%
• 6M: 45.81%
• 1Y: -3.57%
• 3Y*: -13.13%
• 5Y*: 14.11%
• 10Y*: 5.62%

VOC

• 1D: 4.85%
• 1M: 3.28%
• YTD: 32.07%
• 6M: 21.15%
• 1Y: 29.04%
• 3Y*: -18.20%
• 5Y*: 13.79%
• 10Y*: 16.18%

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

Return for Risk

CRT vs. VOC — Risk / Return Rank

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

CRT

CRT Risk / Return Rank: 33
CRT Sharpe Ratio Rank: 36
CRT Sortino Ratio Rank: 31
CRT Omega Ratio Rank: 32
CRT Calmar Ratio Rank: 34
CRT Martin Ratio Rank: 34

VOC

VOC Risk / Return Rank: 59
VOC Sharpe Ratio Rank: 59
VOC Sortino Ratio Rank: 57
VOC Omega Ratio Rank: 55
VOC Calmar Ratio Rank: 64
VOC Martin Ratio Rank: 62

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. VOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cross Timbers Royalty Trust (CRT) and VOC Energy Trust (VOC). 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	VOC	Difference
Sharpe ratio Return per unit of total volatility	-0.08	0.52	-0.60
Sortino ratio Return per unit of downside risk	0.13	1.11	-0.98
Omega ratio Gain probability vs. loss probability	1.02	1.14	-0.12
Calmar ratio Return relative to maximum drawdown	-0.17	1.21	-1.39
Martin ratio Return relative to average drawdown	-0.29	2.47	-2.76
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. VOC - Sharpe Ratio Comparison

The current CRT Sharpe Ratio is -0.08, which is lower than the VOC Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of CRT and VOC, 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	VOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.52	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.28	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.30	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.01	+0.26

Correlation

The correlation between CRT and VOC is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRT vs. VOC - Dividend Comparison

CRT's dividend yield for the trailing twelve months is around 4.98%, less than VOC's 12.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT Cross Timbers Royalty Trust	4.98%	9.41%	9.56%	10.96%	7.69%	9.71%	9.45%	10.04%	13.06%	6.87%	5.90%	10.41%
VOC VOC Energy Trust	12.72%	16.11%	15.27%	12.43%	12.30%	10.87%	10.14%	15.01%	19.67%	8.36%	8.96%	19.11%

Drawdowns

CRT vs. VOC - Drawdown Comparison

The maximum CRT drawdown since its inception was -83.57%, roughly equal to the maximum VOC drawdown of -87.00%. Use the drawdown chart below to compare losses from any high point for CRT and VOC.

Drawdown Indicators

	CRT	VOC	Difference
Max Drawdown Largest peak-to-trough decline	-83.57%	-87.00%	+3.43%
Max Drawdown (1Y) Largest decline over 1 year	-34.75%	-21.62%	-13.13%
Max Drawdown (5Y) Largest decline over 5 years	-71.10%	-75.56%	+4.46%
Max Drawdown (10Y) Largest decline over 10 years	-71.10%	-78.42%	+7.32%
Current Drawdown Current decline from peak	-54.42%	-61.30%	+6.88%
Average Drawdown Average peak-to-trough decline	-29.27%	-47.84%	+18.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.73%	10.58%	+13.15%

Volatility

CRT vs. VOC - Volatility Comparison

The current volatility for Cross Timbers Royalty Trust (CRT) is 12.54%, while VOC Energy Trust (VOC) has a volatility of 18.13%. This indicates that CRT experiences smaller price fluctuations and is considered to be less risky than VOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT	VOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.54%	18.13%	-5.59%
Volatility (6M) Calculated over the trailing 6-month period	25.05%	31.57%	-6.52%
Volatility (1Y) Calculated over the trailing 1-year period	34.29%	47.43%	-13.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.49%	49.25%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.11%	54.68%	-8.57%

Financials

CRT vs. VOC - Profitability Comparison

The chart below illustrates the profitability comparison between Cross Timbers Royalty Trust and VOC Energy 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 Apr 2026, Cross Timbers Royalty Trust reported a gross profit of 717.33K and revenue of 774.28K. Therefore, the gross margin over that period was 92.7%.

VOC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, VOC Energy Trust reported a gross profit of 2.16M and revenue of 2.16M. Therefore, the gross margin over that period was 100.0%.

CRT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cross Timbers Royalty Trust reported an operating income of 440.59K and revenue of 774.28K, resulting in an operating margin of 56.9%.

VOC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, VOC Energy Trust reported an operating income of 1.87M and revenue of 2.16M, resulting in an operating margin of 86.7%.

CRT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cross Timbers Royalty Trust reported a net income of 453.32K and revenue of 774.28K, resulting in a net margin of 58.6%.

VOC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, VOC Energy Trust reported a net income of 1.87M and revenue of 2.16M, resulting in a net margin of 86.7%.