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PBT vs. TPL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Performance

PBT vs. TPL - Performance Comparison

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

0.00%50.00%100.00%150.00%200.00%JuneJulyAugustSeptemberOctoberNovember
13.44%
187.89%
PBT
TPL

Returns By Period

In the year-to-date period, PBT achieves a 3.55% return, which is significantly lower than TPL's 238.04% return. Over the past 10 years, PBT has underperformed TPL with an annualized return of 7.97%, while TPL has yielded a comparatively higher 43.88% annualized return.


PBT

YTD

3.55%

1M

18.57%

6M

13.44%

1Y

-17.70%

5Y (annualized)

37.15%

10Y (annualized)

7.97%

TPL

YTD

238.04%

1M

59.56%

6M

187.89%

1Y

224.36%

5Y (annualized)

53.70%

10Y (annualized)

43.88%

Fundamentals


PBTTPL
Market Cap$612.91M$33.33B
EPS$0.78$19.44
PE Ratio16.8674.62
PEG Ratio0.000.00
Total Revenue (TTM)$37.74M$686.70M
Gross Profit (TTM)$37.74M$628.80M
EBITDA (TTM)$36.27M$548.03M

Key characteristics


PBTTPL
Sharpe Ratio-0.425.16
Sortino Ratio-0.335.93
Omega Ratio0.961.85
Calmar Ratio-0.304.77
Martin Ratio-0.5930.87
Ulcer Index30.14%7.27%
Daily Std Dev42.63%43.48%
Max Drawdown-83.08%-73.06%
Current Drawdown-45.52%0.00%

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Correlation

-0.50.00.51.00.2

The correlation between PBT and TPL is 0.17, 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.

Risk-Adjusted Performance

PBT vs. TPL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Permian Basin Royalty Trust (PBT) and Texas Pacific Land Corporation (TPL). 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.


Sharpe ratio
The chart of Sharpe ratio for PBT, currently valued at -0.42, compared to the broader market-4.00-2.000.002.004.00-0.425.16
The chart of Sortino ratio for PBT, currently valued at -0.33, compared to the broader market-4.00-2.000.002.004.00-0.335.93
The chart of Omega ratio for PBT, currently valued at 0.96, compared to the broader market0.501.001.502.000.961.85
The chart of Calmar ratio for PBT, currently valued at -0.30, compared to the broader market0.002.004.006.00-0.304.77
The chart of Martin ratio for PBT, currently valued at -0.59, compared to the broader market0.0010.0020.0030.00-0.5930.87
PBT
TPL

The current PBT Sharpe Ratio is -0.42, which is lower than the TPL Sharpe Ratio of 5.16. The chart below compares the historical Sharpe Ratios of PBT and TPL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
-0.42
5.16
PBT
TPL

Dividends

PBT vs. TPL - Dividend Comparison

PBT's dividend yield for the trailing twelve months is around 5.51%, more than TPL's 0.98% yield.


TTM20232022202120202019201820172016201520142013
PBT
Permian Basin Royalty Trust
5.51%4.30%4.56%2.28%7.10%10.83%11.20%7.09%5.40%6.82%10.73%6.75%
TPL
Texas Pacific Land Corporation
0.98%0.83%1.37%0.88%3.58%0.77%0.75%0.30%0.10%0.22%0.23%0.81%

Drawdowns

PBT vs. TPL - Drawdown Comparison

The maximum PBT drawdown since its inception was -83.08%, which is greater than TPL's maximum drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for PBT and TPL. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-45.52%
0
PBT
TPL

Volatility

PBT vs. TPL - Volatility Comparison

The current volatility for Permian Basin Royalty Trust (PBT) is 12.02%, while Texas Pacific Land Corporation (TPL) has a volatility of 14.90%. This indicates that PBT experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
12.02%
14.90%
PBT
TPL

Financials

PBT vs. TPL - Financials Comparison

This section allows you to compare key financial metrics between Permian Basin Royalty Trust and Texas Pacific Land 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items