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 -12.93%/yr vs 3.86%/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 -24.24% return, which is significantly lower than NEAR's 0.75% return.
PRT
- 1D
- -0.48%
- 1M
- -23.62%
- YTD
- -24.24%
- 6M
- -46.05%
- 1Y
- -42.79%
- 3Y*
- -15.81%
- 5Y*
- -12.93%
- 10Y*
- —
NEAR
- 1D
- 0.02%
- 1M
- 0.17%
- YTD
- 0.75%
- 6M
- 1.25%
- 1Y
- 4.14%
- 3Y*
- 5.63%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
PRT vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRT PermRock Royalty Trust | -24.24% | -12.79% | -11.58% | -37.64% | 24.09% | 194.55% | -49.26% | -0.27% | -57.76% |
NEAR iShares Short Duration Bond Active ETF | 0.75% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.09% |
Correlation
The correlation between PRT and NEAR is -0.06, 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 | -0.06 |
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 3, 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.
| PRT | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.28 | ||
| Sortino ratioReturn per unit of downside risk | -6.61 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.64 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.67 | -4.47 |
| Martin ratioReturn relative to average drawdown | -2.38 | 16.84 | -19.22 |
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
| PRT | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.20 | 3.08 | -4.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 2.90 | -3.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 1.09 | -1.33 |
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 | -73.99% | -0.07% | -73.92% |
Average DrawdownAverage peak-to-trough decline | -48.93% | -0.16% | -48.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.97% | 0.25% | +17.72% |
Volatility
PRT vs. NEAR - Volatility Comparison
PermRock Royalty Trust (PRT) has a higher volatility of 16.76% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.37%. 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 | 16.76% | 0.37% | +16.39% |
Volatility (6M)Calculated over the trailing 6-month period | 34.13% | 0.99% | +33.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.92% | 1.36% | +34.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.15% | 1.34% | +39.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.34% | 2.50% | +57.84% |
Dividends
PRT vs. NEAR - Dividend Comparison
PRT's dividend yield for the trailing twelve months is around 11.91%, 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 | 11.91% | 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 -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRT has higher volatility (16.76%) compared to NEAR (0.37%). In terms of maximum drawdown, PRT dropped -91.42% vs NEAR's -9.61%.
NEAR currently has the higher Sharpe Ratio (3.08 vs -1.20), 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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