PRT vs. NEAR
PRT (PermRock Royalty Trust) is a stock, while NEAR (iShares Short Duration Bond Active ETF) is Short-Term Bond fund actively managed by iShares. Over the past 5 years, PRT returned -12.82%/yr vs 3.88%/yr for NEAR. At a correlation of -0.03, they often move in opposite directions.
Performance
PRT vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, PRT achieves a -16.63% return, which is significantly lower than NEAR's 0.83% return.
PRT
- 1D
- 0.88%
- 1M
- 8.13%
- YTD
- -16.63%
- 6M
- -27.81%
- 1Y
- -40.69%
- 3Y*
- -15.83%
- 5Y*
- -12.82%
- 10Y*
- —
NEAR
- 1D
- 0.10%
- 1M
- 0.31%
- YTD
- 0.83%
- 6M
- 0.94%
- 1Y
- 3.69%
- 3Y*
- 5.55%
- 5Y*
- 3.88%
- 10Y*
- 2.86%
PRT vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRT PermRock Royalty Trust | -16.63% | -12.79% | -11.58% | -37.64% | 24.09% | 194.55% | -49.26% | -0.27% | -59.08% |
NEAR iShares Short Duration Bond Active ETF | 0.83% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.11% |
Correlation
The correlation between PRT and NEAR is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 2, 2018 | -0.03 |
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Return for Risk
PRT vs. NEAR — Risk / Return Rank
PRT
NEAR
PRT vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PermRock Royalty Trust (PRT) and iShares Short Duration Bond Active ETF (NEAR). 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.
| PRT | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -5.67 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.54 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 3.27 | -4.03 |
| Martin ratioReturn relative to average drawdown | -1.97 | 14.85 | -16.81 |
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Drawdowns
PRT vs. NEAR - Drawdown Comparison
The maximum PRT drawdown since its inception was -91.42%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for PRT and NEAR.
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Drawdown Indicators
| PRT | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.42% | -9.61% | -81.81% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -1.13% | -52.41% |
Max Drawdown (3Y)Largest decline over 3 years | -66.13% | -1.16% | -64.97% |
Max Drawdown (5Y)Largest decline over 5 years | -74.28% | -1.32% | -72.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -71.38% | -0.04% | -71.34% |
Average DrawdownAverage peak-to-trough decline | -49.07% | -0.16% | -48.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.71% | 0.25% | +20.46% |
Volatility
PRT vs. NEAR - Volatility Comparison
PermRock Royalty Trust (PRT) has a higher volatility of 16.74% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.49%. This indicates that PRT's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRT | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.74% | 0.49% | +16.25% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 1.07% | +34.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.26% | 1.39% | +35.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.39% | 1.35% | +40.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.26% | 2.50% | +57.76% |
Dividends
PRT vs. NEAR - Dividend Comparison
PRT's dividend yield for the trailing twelve months is around 10.82%, more than NEAR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 4.43% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
PRT PermRock Royalty Trust | 10.82% | 13.88% | 12.05% | 11.65% | 13.12% | 8.66% | 6.01% | 13.50% | 21.65% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRT and NEAR have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRT has higher volatility (16.74%) compared to NEAR (0.49%). In terms of maximum drawdown, PRT dropped -91.42% vs NEAR's -9.61%.
NEAR currently has the higher Sharpe Ratio (2.69 vs -1.10), 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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