DUKE.L vs. BUT.L
DUKE.L (Duke Royalty Ltd) and BUT.L (Brunner Investment Trust) are both stocks. Both are in the Financial Services sector — DUKE.L in Asset Management, BUT.L in Collective Investments. Over the past 10 years, DUKE.L returned 1.65%/yr vs 12.35%/yr for BUT.L. At a 0.09 correlation, their price movements are largely independent.
Performance
DUKE.L vs. BUT.L - Performance Comparison
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Returns By Period
In the year-to-date period, DUKE.L achieves a 4.50% return, which is significantly lower than BUT.L's 5.69% return. Over the past 10 years, DUKE.L has underperformed BUT.L with an annualized return of 1.65%, while BUT.L has yielded a comparatively higher 12.35% annualized return.
DUKE.L
- 1D
- 0.00%
- 1M
- 1.71%
- 6M
- 5.47%
- YTD
- 4.50%
- 1Y
- -2.83%
- 3Y*
- 1.19%
- 5Y*
- 1.34%
- 10Y*
- 1.65%
- ALL TIME*
- -18.16%
BUT.L
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 2.53%
- YTD
- 5.69%
- 1Y
- 7.37%
- 3Y*
- 13.40%
- 5Y*
- 10.20%
- 10Y*
- 12.35%
- ALL TIME*
- 9.10%
DUKE.L vs. BUT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUKE.L Duke Royalty Ltd | 4.50% | -2.75% | 0.63% | 5.76% | -13.32% | 48.18% | -31.09% | 22.80% | 19.60% | -13.56% |
BUT.L Brunner Investment Trust | 5.69% | -1.01% | 24.71% | 20.20% | -6.09% | 31.65% | -3.13% | 33.31% | -9.60% | 27.57% |
Correlation
The correlation between DUKE.L and BUT.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2012 | 0.09 |
Fundamentals
DUKE.L:
£134.69M
BUT.L:
£643.97M
DUKE.L:
£43.66M
BUT.L:
£132.64M
DUKE.L:
£34.79M
BUT.L:
£130.03M
DUKE.L:
£31.33M
BUT.L:
£46.89M
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Return for Risk
DUKE.L vs. BUT.L — Risk / Return Rank
DUKE.L
BUT.L
DUKE.L vs. BUT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Duke Royalty Ltd (DUKE.L) and Brunner Investment Trust (BUT.L). 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.
| DUKE.L | BUT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.78 | -0.98 |
| Martin ratioReturn relative to average drawdown | -0.34 | 2.36 | -2.70 |
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Drawdowns
DUKE.L vs. BUT.L - Drawdown Comparison
The maximum DUKE.L drawdown since its inception was -98.28%, which is greater than BUT.L's maximum drawdown of -47.11%. Use the drawdown chart below to compare losses from any high point for DUKE.L and BUT.L.
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Drawdown Indicators
| DUKE.L | BUT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -47.11% | -51.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -9.45% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -20.46% | -24.93% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -24.93% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | -64.54% | -37.37% | -27.17% |
Current DrawdownCurrent decline from peak | -95.39% | -1.45% | -93.94% |
Average DrawdownAverage peak-to-trough decline | -89.99% | -7.43% | -82.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 3.12% | +3.50% |
Volatility
DUKE.L vs. BUT.L - Volatility Comparison
Duke Royalty Ltd (DUKE.L) has a higher volatility of 6.77% compared to Brunner Investment Trust (BUT.L) at 3.01%. This indicates that DUKE.L's price experiences larger fluctuations and is considered to be riskier than BUT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUKE.L | BUT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 3.01% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 10.88% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 13.81% | +6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.73% | 18.86% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.32% | 19.52% | +11.80% |
Dividends
DUKE.L vs. BUT.L - Dividend Comparison
DUKE.L's dividend yield for the trailing twelve months is around 10.47%, more than BUT.L's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BUT.L Brunner Investment Trust | 1.70% | 1.73% | 1.62% | 1.89% | 2.11% | 1.82% | 2.32% | 1.53% | 0.86% | 0.00% |
DUKE.L Duke Royalty Ltd | 10.47% | 10.37% | 9.15% | 8.42% | 8.18% | 5.26% | 4.00% | 6.00% | 6.43% | 4.01% |
Financials
DUKE.L vs. BUT.L - Financials Comparison
This section allows you to compare key financial metrics between Duke Royalty Ltd and Brunner Investment 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
DUKE.L and BUT.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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