PHX vs. BSM

Last updated Apr 2, 2026

Compare and contrast key facts about PHX Minerals Inc. (PHX) and Black Stone Minerals, L.P. (BSM).

Performance

PHX vs. BSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PHX Minerals Inc. (PHX) and Black Stone Minerals, L.P. (BSM). The values are adjusted to include any dividend payments, if applicable.

PHX vs. BSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHX PHX Minerals Inc.	0.00%	10.88%	29.52%	-14.64%	83.43%	-4.32%	-79.09%	-26.79%	-23.93%	-12.03%
BSM Black Stone Minerals, L.P.	12.75%	0.56%	1.47%	5.85%	80.82%	67.42%	-42.97%	-9.53%	-7.04%	2.49%

Fundamentals

Total Revenue (TTM) PHX : $38.46M BSM : $395.04M
Gross Profit (TTM) PHX : $21.10M BSM : $296.51M
EBITDA (TTM) PHX : $20.95M BSM : $323.06M

Returns By Period

PHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSM

• 1D: -2.84%
• 1M: -3.55%
• YTD: 12.75%
• 6M: 15.61%
• 1Y: 5.45%
• 3Y*: 8.36%
• 5Y*: 21.52%
• 10Y*: 9.95%

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

Return for Risk

PHX vs. BSM — Risk / Return Rank

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

BSM

BSM Risk / Return Rank: 45
BSM Sharpe Ratio Rank: 49
BSM Sortino Ratio Rank: 40
BSM Omega Ratio Rank: 40
BSM Calmar Ratio Rank: 48
BSM Martin Ratio Rank: 48

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.

PHX vs. BSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PHX Minerals Inc. (PHX) and Black Stone Minerals, L.P. (BSM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PHX	BSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.21	—

Correlation

The correlation between PHX and BSM is 0.34, 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

PHX vs. BSM - Dividend Comparison

PHX's dividend yield for the trailing twelve months is around 0.92%, less than BSM's 8.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHX PHX Minerals Inc.	0.92%	1.84%	3.50%	3.03%	1.93%	1.84%	3.04%	1.43%	1.03%	0.78%	0.68%	0.99%
BSM Black Stone Minerals, L.P.	8.68%	10.16%	10.96%	11.90%	9.13%	8.23%	10.18%	11.64%	8.61%	6.69%	5.86%	2.94%

Drawdowns

Drawdown Indicators

	PHX	BSM	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.58%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-19.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.58%	—
Current Drawdown Current decline from peak	—	-4.86%	—
Average Drawdown Average peak-to-trough decline	—	-16.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.76%	—

Volatility

Volatility by Period

	PHX	BSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.75%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.68%	—

Financials