PAGP vs. SBR
PAGP (Plains GP Holdings, L.P.) and SBR (Sabine Royalty Trust) are both stocks. Both are in the Energy sector — PAGP in Oil & Gas Midstream, SBR in Oil & Gas E&P. Over the past 10 years, PAGP returned 7.00%/yr vs 16.61%/yr for SBR. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
PAGP vs. SBR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAGP achieves a 45.10% return, which is significantly higher than SBR's 10.39% return. Over the past 10 years, PAGP has underperformed SBR with an annualized return of 7.00%, while SBR has yielded a comparatively higher 16.61% annualized return.
PAGP
- 1D
- 0.62%
- 1M
- 9.50%
- 6M
- 32.88%
- YTD
- 45.10%
- 1Y
- 47.50%
- 3Y*
- 28.53%
- 5Y*
- 29.30%
- 10Y*
- 7.00%
- ALL TIME*
- 0.11%
SBR
- 1D
- 0.48%
- 1M
- 0.46%
- 6M
- 5.58%
- YTD
- 10.39%
- 1Y
- 18.31%
- 3Y*
- 11.03%
- 5Y*
- 23.09%
- 10Y*
- 16.61%
- ALL TIME*
- 15.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.22M | $33.58M | $37.67M | |
| $2.70M | $2.50M | $2.74M |
PAGP vs. SBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAGP Plains GP Holdings, L.P. | 45.10% | 12.69% | 23.64% | 38.09% | 31.78% | 28.97% | -51.17% | 0.30% | -3.49% | -32.11% |
SBR Sabine Royalty Trust | 10.39% | 14.04% | 4.06% | -13.10% | 132.08% | 60.71% | -24.24% | 15.77% | -9.61% | 34.83% |
Correlation
The correlation between PAGP and SBR is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.41 |
Fundamentals
PAGP:
$5.21B
SBR:
$1.06B
PAGP:
$1.98
SBR:
$5.69
PAGP:
13.32
SBR:
12.83
PAGP:
0.18
SBR:
0.78
PAGP:
0.21
SBR:
12.31
PAGP:
$45.26B
SBR:
$57.67M
PAGP:
$2.07B
SBR:
$58.05M
PAGP:
$2.44B
SBR:
$55.09M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAGP vs. SBR — Risk / Return Rank
PAGP
SBR
PAGP vs. SBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains GP Holdings, L.P. (PAGP) 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.
| PAGP | SBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.14 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 0.96 | +2.58 |
| Martin ratioReturn relative to average drawdown | 9.84 | 1.96 | +7.88 |
Loading charts...
Drawdowns
PAGP vs. SBR - Drawdown Comparison
The maximum PAGP drawdown since its inception was -94.21%, which is greater than SBR's maximum drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for PAGP and SBR.
Loading charts...
Drawdown Indicators
| PAGP | SBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.21% | -56.40% | -37.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -18.54% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.02% | -18.54% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -34.56% | +12.28% |
Max Drawdown (10Y)Largest decline over 10 years | -88.04% | -50.71% | -37.33% |
Current DrawdownCurrent decline from peak | -28.70% | -6.63% | -22.07% |
Average DrawdownAverage peak-to-trough decline | -57.43% | -13.61% | -43.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 9.10% | -3.94% |
Volatility
PAGP vs. SBR - Volatility Comparison
Plains GP Holdings, L.P. (PAGP) has a higher volatility of 4.60% compared to Sabine Royalty Trust (SBR) at 3.84%. This indicates that PAGP's price experiences larger fluctuations and is considered to be riskier than SBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAGP | SBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 3.84% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.86% | 15.20% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 24.44% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.75% | 31.69% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.27% | 31.21% | +10.06% |
Dividends
PAGP vs. SBR - Dividend Comparison
PAGP's dividend yield for the trailing twelve months is around 6.20%, less than SBR's 6.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAGP Plains GP Holdings, L.P. | 6.20% | 7.94% | 6.91% | 6.71% | 6.69% | 7.10% | 10.65% | 7.28% | 5.97% | 8.88% | 6.91% | 9.34% |
SBR Sabine Royalty Trust | 6.71% | 7.53% | 8.41% | 9.41% | 10.13% | 7.72% | 8.59% | 7.49% | 8.98% | 5.31% | 5.50% | 11.82% |
Financials
PAGP vs. SBR - Financials Comparison
This section allows you to compare key financial metrics between Plains GP Holdings, L.P. 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
PAGP and SBR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAGP has higher volatility (4.60%) compared to SBR (3.84%). In terms of maximum drawdown, PAGP dropped -94.21% vs SBR's -56.40%.
PAGP currently has the higher Sharpe Ratio (2.54 vs 0.73), 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.
Find the right allocation for PAGP and SBR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer