MTR vs. FANG

Last updated Jun 4, 2026

MTR (Mesa Royalty Trust) and FANG (Diamondback Energy, Inc.) 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 11.82%/yr for FANG. At a 0.16 correlation, their price movements are largely independent.

Performance

MTR vs. FANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mesa Royalty Trust (MTR) and Diamondback Energy, Inc. (FANG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTR achieves a -10.37% return, which is significantly lower than FANG's 41.70% return. Over the past 10 years, MTR has underperformed FANG with an annualized return of 0.07%, while FANG has yielded a comparatively higher 11.82% 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%

FANG

• 1D: 4.05%
• 1M: -0.91%
• YTD: 41.70%
• 6M: 34.50%
• 1Y: 51.83%
• 3Y*: 21.41%
• 5Y*: 24.85%
• 10Y*: 11.82%

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

MTR vs. FANG - 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%
FANG Diamondback Energy, Inc.	41.70%	-5.64%	10.35%	19.66%	35.34%	127.51%	-46.00%	0.92%	-26.35%	24.93%

Correlation

The correlation between MTR and FANG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 15, 2012	0.16

Fundamentals

EPS MTR : $0.31 FANG : $1.40
PE Ratio MTR : 12.39 FANG : 150.29
PS Ratio MTR : 10.02 FANG : 3.99
Total Revenue (TTM) MTR : $531.60K FANG : $15.19B
Gross Profit (TTM) MTR : $466.76K FANG : $7.30B
EBITDA (TTM) MTR : $429.49K FANG : $5.54B

Return for Risk

MTR vs. FANG — Risk / Return Rank

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

MTR

MTR Risk / Return Rank: 30
MTR Sharpe Ratio Rank: 28
MTR Sortino Ratio Rank: 30
MTR Omega Ratio Rank: 30
MTR Calmar Ratio Rank: 28
MTR Martin Ratio Rank: 31

FANG

FANG Risk / Return Rank: 82
FANG Sharpe Ratio Rank: 84
FANG Sortino Ratio Rank: 79
FANG Omega Ratio Rank: 75
FANG Calmar Ratio Rank: 88
FANG Martin Ratio Rank: 83

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.

MTR vs. FANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mesa Royalty Trust (MTR) and Diamondback Energy, Inc. (FANG). 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	FANG	Difference
Sharpe ratio Return per unit of total volatility	-0.31	1.69	-2.00
Sortino ratio Return per unit of downside risk	0.00	2.27	-2.27
Omega ratio Gain probability vs. loss probability	1.00	1.27	-0.27
Calmar ratio Return relative to maximum drawdown	-0.39	4.16	-4.55
Martin ratio Return relative to average drawdown	-0.53	8.28	-8.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTR vs. FANG - Sharpe Ratio Comparison

The current MTR Sharpe Ratio is -0.31, which is lower than the FANG Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of MTR and FANG, 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

	MTR	FANG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	1.69	-2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.66	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.00	0.24	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.48	-0.43

Drawdowns

MTR vs. FANG - Drawdown Comparison

The maximum MTR drawdown since its inception was -88.90%, roughly equal to the maximum FANG drawdown of -88.72%. Use the drawdown chart below to compare losses from any high point for MTR and FANG.

Drawdown Indicators

	MTR	FANG	Difference
Max Drawdown Largest peak-to-trough decline	-88.90%	-88.72%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-55.94%	-12.53%	-43.41%
Max Drawdown (3Y) Largest decline over 3 years	-83.85%	-42.10%	-41.75%
Max Drawdown (5Y) Largest decline over 5 years	-85.77%	-42.10%	-43.67%
Max Drawdown (10Y) Largest decline over 10 years	-85.77%	-88.72%	+2.95%
Current Drawdown Current decline from peak	-85.30%	-0.91%	-84.39%
Average Drawdown Average peak-to-trough decline	-32.14%	-19.40%	-12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.49%	6.28%	+35.21%

Volatility

MTR vs. FANG - Volatility Comparison

The current volatility for Mesa Royalty Trust (MTR) is 10.36%, while Diamondback Energy, Inc. (FANG) has a volatility of 11.40%. This indicates that MTR experiences smaller price fluctuations and is considered to be less risky than FANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTR	FANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.36%	11.40%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	33.50%	22.81%	+10.69%
Volatility (1Y) Calculated over the trailing 1-year period	70.74%	31.01%	+39.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.06%	37.88%	+34.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.70%	49.03%	+20.67%

Dividends

MTR vs. FANG - Dividend Comparison

MTR's dividend yield for the trailing twelve months is around 5.64%, more than FANG's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FANG Diamondback Energy, Inc.	1.97%	2.66%	5.06%	5.15%	6.55%	1.62%	3.10%	0.74%	0.40%	0.00%	0.00%	0.00%
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

Frequently Asked Questions

Can I hold both MTR and FANG in my portfolio?

MTR and FANG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTR or FANG?

FANG has higher volatility (11.40%) compared to MTR (10.36%). In terms of maximum drawdown, MTR dropped -88.90% vs FANG's -88.72%.

Which has better risk-adjusted returns?

FANG currently has the higher Sharpe Ratio (1.69 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.