DMLP vs. PBT
DMLP (Dorchester Minerals, L.P.) and PBT (Permian Basin Royalty Trust) are both stocks. Both are in the Energy sector — DMLP in Oil & Gas E&P, PBT in Oil & Gas Midstream. Over the past 10 years, DMLP returned 17.78%/yr vs 23.57%/yr for PBT. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
DMLP vs. PBT - Performance Comparison
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Returns By Period
In the year-to-date period, DMLP achieves a 29.46% return, which is significantly lower than PBT's 75.82% return. Over the past 10 years, DMLP has underperformed PBT with an annualized return of 17.78%, while PBT has yielded a comparatively higher 23.57% annualized return.
DMLP
- 1D
- 2.45%
- 1M
- 8.83%
- 6M
- 13.92%
- YTD
- 29.46%
- 1Y
- 11.59%
- 3Y*
- 6.68%
- 5Y*
- 22.85%
- 10Y*
- 17.78%
- ALL TIME*
- 11.44%
PBT
- 1D
- -0.39%
- 1M
- 19.57%
- 6M
- 63.23%
- YTD
- 75.82%
- 1Y
- 127.41%
- 3Y*
- 11.02%
- 5Y*
- 45.95%
- 10Y*
- 23.57%
- ALL TIME*
- 12.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.47M | $7.04M | $5.34M | |
| $3.31M | $2.81M | $4.19M |
DMLP vs. PBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMLP Dorchester Minerals, L.P. | 29.46% | -25.92% | 16.59% | 18.99% | 71.68% | 98.93% | -37.39% | 48.52% | 6.12% | -6.93% |
PBT Permian Basin Royalty Trust | 75.82% | 56.75% | -16.91% | -42.84% | 166.22% | 218.45% | -7.68% | -29.15% | -28.11% | 23.21% |
Correlation
The correlation between DMLP and PBT is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2003 | 0.34 |
Fundamentals
DMLP:
$1.33B
PBT:
$1.38B
DMLP:
$1.44
PBT:
$0.38
DMLP:
19.19
PBT:
78.61
DMLP:
7.84
PBT:
70.47
DMLP:
$168.54M
PBT:
$13.06M
DMLP:
$65.71M
PBT:
$13.06M
DMLP:
$110.16M
PBT:
$11.70M
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Return for Risk
DMLP vs. PBT — Risk / Return Rank
DMLP
PBT
DMLP vs. PBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dorchester Minerals, L.P. (DMLP) and Permian Basin Royalty Trust (PBT). 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.
| DMLP | PBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 5.89 | -5.27 |
| Martin ratioReturn relative to average drawdown | 1.46 | 14.86 | -13.40 |
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Drawdowns
DMLP vs. PBT - Drawdown Comparison
The maximum DMLP drawdown since its inception was -72.35%, smaller than the maximum PBT drawdown of -83.17%. Use the drawdown chart below to compare losses from any high point for DMLP and PBT.
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Drawdown Indicators
| DMLP | PBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.35% | -83.17% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -18.05% | -21.46% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -32.31% | -60.31% | +28.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.31% | -65.05% | +32.74% |
Max Drawdown (10Y)Largest decline over 10 years | -56.80% | -73.87% | +17.07% |
Current DrawdownCurrent decline from peak | -7.83% | -4.21% | -3.62% |
Average DrawdownAverage peak-to-trough decline | -19.82% | -25.62% | +5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.85% | 8.48% | -0.63% |
Volatility
DMLP vs. PBT - Volatility Comparison
The current volatility for Dorchester Minerals, L.P. (DMLP) is 4.63%, while Permian Basin Royalty Trust (PBT) has a volatility of 12.43%. This indicates that DMLP experiences smaller price fluctuations and is considered to be less risky than PBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMLP | PBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 12.43% | -7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 33.49% | -16.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 44.35% | -20.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.27% | 47.53% | -18.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.54% | 42.96% | -11.42% |
Dividends
DMLP vs. PBT - Dividend Comparison
DMLP's dividend yield for the trailing twelve months is around 9.20%, more than PBT's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMLP Dorchester Minerals, L.P. | 9.20% | 12.41% | 10.46% | 10.67% | 11.68% | 7.75% | 12.75% | 10.32% | 11.87% | 7.60% | 4.88% | 11.67% |
PBT Permian Basin Royalty Trust | 1.34% | 1.92% | 4.92% | 4.30% | 4.56% | 2.28% | 7.10% | 10.80% | 11.20% | 7.09% | 5.38% | 6.81% |
Financials
DMLP vs. PBT - Financials Comparison
This section allows you to compare key financial metrics between Dorchester Minerals, L.P. and Permian Basin 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
DMLP and PBT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBT has higher volatility (12.43%) compared to DMLP (4.63%). In terms of maximum drawdown, DMLP dropped -72.35% vs PBT's -83.17%.
PBT currently has the higher Sharpe Ratio (2.85 vs 0.48), 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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