PBT vs. PVL

Last updated Apr 1, 2026

Compare and contrast key facts about Permian Basin Royalty Trust (PBT) and Permianville Royalty Trust (PVL).

Performance

PBT vs. PVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permian Basin Royalty Trust (PBT) and Permianville Royalty Trust (PVL). The values are adjusted to include any dividend payments, if applicable.

PBT vs. PVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBT Permian Basin Royalty Trust	27.17%	56.75%	-16.91%	-42.84%	166.22%	218.45%	-7.68%	-29.15%	-28.11%	23.21%
PVL Permianville Royalty Trust	4.50%	42.17%	-0.62%	-50.32%	81.37%	205.27%	-56.49%	10.22%	-32.22%	-3.06%

Fundamentals

EPS PBT : $0.31 PVL : $0.07
PE Ratio PBT : 70.14 PVL : 26.10
PEG Ratio PBT : 0.93 PVL : 0.47
PS Ratio PBT : 62.19 PVL : 17.50
Total Revenue (TTM) PBT : $16.13M PVL : $3.49M
Gross Profit (TTM) PBT : $16.13M PVL : $3.23M
EBITDA (TTM) PBT : $14.30M PVL : $2.20M

Returns By Period

In the year-to-date period, PBT achieves a 27.17% return, which is significantly higher than PVL's 4.50% return. Over the past 10 years, PBT has outperformed PVL with an annualized return of 20.01%, while PVL has yielded a comparatively lower 5.89% annualized return.

PBT

• 1D: -1.19%
• 1M: 8.80%
• YTD: 27.17%
• 6M: 18.80%
• 1Y: 121.69%
• 3Y*: -0.89%
• 5Y*: 44.88%
• 10Y*: 20.01%

PVL

• 1D: -1.60%
• 1M: 14.45%
• YTD: 4.50%
• 6M: 8.74%
• 1Y: 28.41%
• 3Y*: -0.19%
• 5Y*: 14.42%
• 10Y*: 5.89%

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

Return for Risk

PBT vs. PVL — Risk / Return Rank

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

PBT

PBT Risk / Return Rank: 96
PBT Sharpe Ratio Rank: 97
PBT Sortino Ratio Rank: 96
PBT Omega Ratio Rank: 94
PBT Calmar Ratio Rank: 96
PBT Martin Ratio Rank: 96

PVL

PVL Risk / Return Rank: 69
PVL Sharpe Ratio Rank: 69
PVL Sortino Ratio Rank: 64
PVL Omega Ratio Rank: 63
PVL Calmar Ratio Rank: 78
PVL Martin Ratio Rank: 73

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.

PBT vs. PVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permian Basin Royalty Trust (PBT) and Permianville Royalty Trust (PVL). 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	PVL	Difference
Sharpe ratio Return per unit of total volatility	3.26	0.80	+2.46
Sortino ratio Return per unit of downside risk	3.85	1.34	+2.51
Omega ratio Gain probability vs. loss probability	1.48	1.17	+0.30
Calmar ratio Return relative to maximum drawdown	6.34	2.03	+4.31
Martin ratio Return relative to average drawdown	17.63	4.06	+13.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBT vs. PVL - Sharpe Ratio Comparison

The current PBT Sharpe Ratio is 3.26, which is higher than the PVL Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of PBT and PVL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBT	PVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	0.80	+2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.29	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.10	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	-0.14	+0.46

Correlation

The correlation between PBT and PVL is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PBT vs. PVL - Dividend Comparison

PBT's dividend yield for the trailing twelve months is around 1.56%, less than PVL's 8.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBT Permian Basin Royalty Trust	1.56%	1.92%	4.92%	4.30%	4.56%	2.28%	7.10%	10.80%	11.20%	7.09%	5.38%	6.81%
PVL Permianville Royalty Trust	8.16%	7.20%	6.29%	25.67%	13.18%	5.66%	18.35%	16.57%	22.27%	6.61%	6.63%	15.66%

Drawdowns

PBT vs. PVL - Drawdown Comparison

The maximum PBT drawdown since its inception was -83.17%, smaller than the maximum PVL drawdown of -95.05%. Use the drawdown chart below to compare losses from any high point for PBT and PVL.

Drawdown Indicators

	PBT	PVL	Difference
Max Drawdown Largest peak-to-trough decline	-83.17%	-95.05%	+11.88%
Max Drawdown (1Y) Largest decline over 1 year	-19.04%	-14.52%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-65.05%	-77.24%	+12.19%
Max Drawdown (10Y) Largest decline over 10 years	-73.87%	-85.54%	+11.67%
Current Drawdown Current decline from peak	-12.85%	-68.70%	+55.85%
Average Drawdown Average peak-to-trough decline	-25.76%	-63.55%	+37.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.85%	7.27%	-0.42%

Volatility

PBT vs. PVL - Volatility Comparison

The current volatility for Permian Basin Royalty Trust (PBT) is 11.09%, while Permianville Royalty Trust (PVL) has a volatility of 13.54%. This indicates that PBT experiences smaller price fluctuations and is considered to be less risky than PVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBT	PVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.09%	13.54%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	26.94%	22.81%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	37.59%	35.66%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.86%	50.80%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.31%	56.34%	-14.03%

Financials

PBT vs. PVL - Profitability Comparison

The chart below illustrates the profitability comparison between Permian Basin Royalty Trust and Permianville Royalty Trust over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PBT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Permian Basin Royalty Trust reported a gross profit of 2.68M and revenue of 2.68M. Therefore, the gross margin over that period was 100.0%.

PVL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Permianville Royalty Trust reported a gross profit of 1.32M and revenue of 1.34M. Therefore, the gross margin over that period was 98.3%.

PBT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Permian Basin Royalty Trust reported an operating income of 2.44M and revenue of 2.68M, resulting in an operating margin of 91.3%.

PVL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Permianville Royalty Trust reported an operating income of 504.73K and revenue of 1.34M, resulting in an operating margin of 37.7%.

PBT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Permian Basin Royalty Trust reported a net income of 2.44M and revenue of 2.68M, resulting in a net margin of 91.3%.

PVL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Permianville Royalty Trust reported a net income of 528.00K and revenue of 1.34M, resulting in a net margin of 39.4%.