PBT vs. MAIN
PBT (Permian Basin Royalty Trust) and MAIN (Main Street Capital Corporation) are both stocks. PBT operates in Oil & Gas Midstream (Energy), while MAIN operates in Asset Management (Financial Services). Over the past 10 years, PBT returned 21.81%/yr vs 12.73%/yr for MAIN. At a 0.22 correlation, their price movements are largely independent.
Performance
PBT vs. MAIN - Performance Comparison
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Returns By Period
In the year-to-date period, PBT achieves a 71.24% return, which is significantly higher than MAIN's -13.65% return. Over the past 10 years, PBT has outperformed MAIN with an annualized return of 21.81%, while MAIN has yielded a comparatively lower 12.73% annualized return.
PBT
- 1D
- -0.21%
- 1M
- 23.95%
- YTD
- 71.24%
- 6M
- 60.33%
- 1Y
- 165.80%
- 3Y*
- 8.68%
- 5Y*
- 50.39%
- 10Y*
- 21.81%
MAIN
- 1D
- -1.67%
- 1M
- -8.64%
- YTD
- -13.65%
- 6M
- -11.32%
- 1Y
- -3.49%
- 3Y*
- 17.00%
- 5Y*
- 12.47%
- 10Y*
- 12.73%
PBT vs. MAIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBT Permian Basin Royalty Trust | 71.24% | 56.75% | -16.91% | -42.84% | 166.22% | 218.45% | -7.68% | -29.15% | -28.11% | 23.21% |
MAIN Main Street Capital Corporation | -13.65% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | -19.54% | 36.88% | -8.27% | 16.62% |
Correlation
The correlation between PBT and MAIN is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2007 | 0.22 |
The correlation between PBT and MAIN shifts across timeframes, from 0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PBT:
$0.33
MAIN:
$5.22
PBT:
86.35
MAIN:
9.72
PBT:
1.15
MAIN:
1.11
PBT:
77.40
MAIN:
6.46
PBT:
$13.06M
MAIN:
$704.17M
PBT:
$13.06M
MAIN:
$499.08M
PBT:
$11.70M
MAIN:
$396.90M
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Return for Risk
PBT vs. MAIN — Risk / Return Rank
PBT
MAIN
PBT vs. MAIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permian Basin Royalty Trust (PBT) and Main Street Capital Corporation (MAIN). 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.
| PBT | MAIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.00 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 8.76 | -0.16 | +8.92 |
| Martin ratioReturn relative to average drawdown | 24.75 | -0.33 | +25.07 |
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
| PBT | MAIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.97 | -0.14 | +4.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.58 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.47 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.55 | -0.22 |
Drawdowns
PBT vs. MAIN - Drawdown Comparison
The maximum PBT drawdown since its inception was -83.17%, which is greater than MAIN's maximum drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for PBT and MAIN.
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Drawdown Indicators
| PBT | MAIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.17% | -64.53% | -18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -19.04% | -22.43% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -62.52% | -22.43% | -40.09% |
Max Drawdown (5Y)Largest decline over 5 years | -65.05% | -27.06% | -37.99% |
Max Drawdown (10Y)Largest decline over 10 years | -73.87% | -64.53% | -9.34% |
Current DrawdownCurrent decline from peak | -6.71% | -20.74% | +14.03% |
Average DrawdownAverage peak-to-trough decline | -25.68% | -7.29% | -18.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 10.72% | -3.99% |
Volatility
PBT vs. MAIN - Volatility Comparison
Permian Basin Royalty Trust (PBT) has a higher volatility of 21.71% compared to Main Street Capital Corporation (MAIN) at 8.82%. This indicates that PBT's price experiences larger fluctuations and is considered to be riskier than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBT | MAIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.71% | 8.82% | +12.89% |
Volatility (6M)Calculated over the trailing 6-month period | 31.21% | 20.33% | +10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.08% | 24.81% | +17.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.80% | 21.56% | +26.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.78% | 27.29% | +15.49% |
Dividends
PBT vs. MAIN - Dividend Comparison
PBT's dividend yield for the trailing twelve months is around 1.23%, less than MAIN's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | 8.44% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
PBT Permian Basin Royalty Trust | 1.23% | 1.92% | 4.92% | 4.30% | 4.56% | 2.28% | 7.10% | 10.80% | 11.20% | 7.09% | 5.38% | 6.81% |
Financials
PBT vs. MAIN - Financials Comparison
This section allows you to compare key financial metrics between Permian Basin Royalty Trust and Main Street Capital Corporation. 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
PBT and MAIN have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBT has higher volatility (21.71%) compared to MAIN (8.82%). In terms of maximum drawdown, PBT dropped -83.17% vs MAIN's -64.53%.
PBT currently has the higher Sharpe Ratio (3.97 vs -0.14), 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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