LNC vs. SBR
LNC (Lincoln National Corporation) and SBR (Sabine Royalty Trust) are both stocks. LNC operates in Insurance - Life (Financial Services), while SBR operates in Oil & Gas E&P (Energy). Over the past 10 years, LNC returned 3.69%/yr vs 16.92%/yr for SBR. At a 0.17 correlation, their price movements are largely independent.
Performance
LNC vs. SBR - Performance Comparison
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Returns By Period
In the year-to-date period, LNC achieves a -13.39% return, which is significantly lower than SBR's 8.57% return. Over the past 10 years, LNC has underperformed SBR with an annualized return of 3.69%, while SBR has yielded a comparatively higher 16.92% annualized return.
LNC
- 1D
- 1.37%
- 1M
- 4.58%
- YTD
- -13.39%
- 6M
- -16.41%
- 1Y
- 19.74%
- 3Y*
- 23.49%
- 5Y*
- -4.86%
- 10Y*
- 3.69%
SBR
- 1D
- -0.07%
- 1M
- -5.61%
- YTD
- 8.57%
- 6M
- 9.14%
- 1Y
- 16.68%
- 3Y*
- 12.80%
- 5Y*
- 23.74%
- 10Y*
- 16.92%
LNC vs. SBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LNC Lincoln National Corporation | -13.39% | 48.02% | 24.78% | -5.55% | -53.53% | 39.49% | -11.08% | 17.95% | -31.98% | 17.98% |
SBR Sabine Royalty Trust | 8.57% | 14.04% | 4.06% | -13.10% | 132.08% | 60.71% | -24.24% | 15.77% | -9.61% | 34.83% |
Correlation
The correlation between LNC and SBR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.17 |
The correlation between LNC and SBR shifts across timeframes, from 0.08 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
LNC:
$12.09
SBR:
$5.06
LNC:
3.12
SBR:
14.28
LNC:
0.02
SBR:
0.86
LNC:
0.28
SBR:
13.70
LNC:
$18.88B
SBR:
$57.67M
LNC:
$3.21B
SBR:
$58.05M
LNC:
$2.45B
SBR:
$55.09M
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Return for Risk
LNC vs. SBR — Risk / Return Rank
LNC
SBR
LNC vs. SBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lincoln National Corporation (LNC) 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.
| LNC | SBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.90 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.43 | 1.89 | -0.47 |
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Drawdowns
LNC vs. SBR - Drawdown Comparison
The maximum LNC drawdown since its inception was -92.87%, which is greater than SBR's maximum drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for LNC and SBR.
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Drawdown Indicators
| LNC | SBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.87% | -56.40% | -36.47% |
Max Drawdown (1Y)Largest decline over 1 year | -29.13% | -18.54% | -10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -29.13% | -18.54% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -73.14% | -34.56% | -38.58% |
Max Drawdown (10Y)Largest decline over 10 years | -79.19% | -50.71% | -28.48% |
Current DrawdownCurrent decline from peak | -37.74% | -8.18% | -29.56% |
Average DrawdownAverage peak-to-trough decline | -25.06% | -13.63% | -11.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 8.83% | +5.05% |
Volatility
LNC vs. SBR - Volatility Comparison
Lincoln National Corporation (LNC) and Sabine Royalty Trust (SBR) have volatilities of 7.13% and 7.49%, 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.
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Volatility by Period
| LNC | SBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 7.49% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 15.98% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.41% | 24.54% | +8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.83% | 31.83% | +11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.77% | 31.35% | +15.42% |
Dividends
LNC vs. SBR - Dividend Comparison
LNC's dividend yield for the trailing twelve months is around 4.78%, less than SBR's 6.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNC Lincoln National Corporation | 4.78% | 4.04% | 5.68% | 6.67% | 5.86% | 2.46% | 3.18% | 2.51% | 2.57% | 1.51% | 1.51% | 1.59% |
SBR Sabine Royalty Trust | 6.66% | 7.53% | 8.41% | 9.41% | 10.13% | 7.72% | 8.59% | 7.49% | 8.98% | 5.31% | 5.50% | 11.82% |
Financials
LNC vs. SBR - Financials Comparison
This section allows you to compare key financial metrics between Lincoln National Corporation 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
LNC and SBR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBR has higher volatility (7.49%) compared to LNC (7.13%). In terms of maximum drawdown, LNC dropped -92.87% vs SBR's -56.40%.
SBR currently has the higher Sharpe Ratio (0.68 vs 0.59), 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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