MTR vs. BSM
MTR (Mesa Royalty Trust) and BSM (Black Stone Minerals, L.P.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, MTR returned 0.07%/yr vs 8.15%/yr for BSM. At a 0.17 correlation, their price movements are largely independent.
Performance
MTR vs. BSM - Performance Comparison
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Returns By Period
In the year-to-date period, MTR achieves a -10.37% return, which is significantly lower than BSM's 9.29% return. Over the past 10 years, MTR has underperformed BSM with an annualized return of 0.07%, while BSM has yielded a comparatively higher 8.15% annualized return.
MTR
- 1D
- -0.39%
- 1M
- -17.71%
- YTD
- -10.37%
- 6M
- -16.91%
- 1Y
- -21.89%
- 3Y*
- -43.87%
- 5Y*
- -2.39%
- 10Y*
- 0.07%
BSM
- 1D
- 2.35%
- 1M
- -0.00%
- YTD
- 9.29%
- 6M
- 1.01%
- 1Y
- 10.60%
- 3Y*
- 5.43%
- 5Y*
- 18.17%
- 10Y*
- 8.15%
MTR vs. BSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTR Mesa Royalty Trust | -10.37% | -23.56% | -54.12% | -35.42% | 312.74% | 61.90% | -38.58% | -30.38% | -36.23% | 88.15% |
BSM Black Stone Minerals, L.P. | 9.29% | 0.56% | 1.47% | 5.85% | 80.82% | 67.42% | -42.97% | -9.53% | -7.04% | 2.49% |
Correlation
The correlation between MTR and BSM 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.17 |
The correlation between MTR and BSM shifts across timeframes, from 0.11 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MTR:
$0.31
BSM:
$1.38
MTR:
12.39
BSM:
10.10
MTR:
0.17
BSM:
0.28
MTR:
10.02
BSM:
6.41
MTR:
$531.60K
BSM:
$468.25M
MTR:
$466.76K
BSM:
$365.30M
MTR:
$429.49K
BSM:
$475.89M
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Return for Risk
MTR vs. BSM — Risk / Return Rank
MTR
BSM
MTR vs. BSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesa Royalty Trust (MTR) and Black Stone Minerals, L.P. (BSM). 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.
| MTR | BSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.77 | -1.16 |
| Martin ratioReturn relative to average drawdown | -0.53 | 1.59 | -2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTR | BSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.52 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.69 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | 0.26 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.20 | -0.16 |
Drawdowns
MTR vs. BSM - Drawdown Comparison
The maximum MTR drawdown since its inception was -88.90%, which is greater than BSM's maximum drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for MTR and BSM.
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Drawdown Indicators
| MTR | BSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.90% | -75.58% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -55.94% | -13.79% | -42.15% |
Max Drawdown (3Y)Largest decline over 3 years | -83.85% | -21.48% | -62.37% |
Max Drawdown (5Y)Largest decline over 5 years | -85.77% | -25.52% | -60.25% |
Max Drawdown (10Y)Largest decline over 10 years | -85.77% | -75.58% | -10.19% |
Current DrawdownCurrent decline from peak | -85.30% | -7.78% | -77.52% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -16.41% | -15.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.49% | 6.68% | +34.81% |
Volatility
MTR vs. BSM - Volatility Comparison
Mesa Royalty Trust (MTR) has a higher volatility of 10.36% compared to Black Stone Minerals, L.P. (BSM) at 7.47%. This indicates that MTR's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTR | BSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 7.47% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 33.50% | 15.71% | +17.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.74% | 20.70% | +50.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.06% | 26.42% | +45.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.70% | 31.52% | +38.18% |
Dividends
MTR vs. BSM - Dividend Comparison
MTR's dividend yield for the trailing twelve months is around 5.64%, less than BSM's 8.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 8.62% | 10.16% | 10.96% | 11.90% | 9.13% | 8.23% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% |
MTR Mesa Royalty Trust | 5.64% | 5.38% | 3.57% | 11.28% | 8.95% | 6.87% | 7.18% | 13.10% | 10.98% | 8.20% | 5.94% | 13.75% |
Financials
MTR vs. BSM - Financials Comparison
This section allows you to compare key financial metrics between Mesa Royalty Trust and Black Stone Minerals, L.P.. 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
MTR and BSM 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.
MTR has higher volatility (10.36%) compared to BSM (7.47%). In terms of maximum drawdown, MTR dropped -88.90% vs BSM's -75.58%.
BSM currently has the higher Sharpe Ratio (0.52 vs -0.31), 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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