PRT vs. SBR

Last updated Apr 2, 2026

Compare and contrast key facts about PermRock Royalty Trust (PRT) and Sabine Royalty Trust (SBR).

Performance

PRT vs. SBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PermRock Royalty Trust (PRT) and Sabine Royalty Trust (SBR). The values are adjusted to include any dividend payments, if applicable.

PRT vs. SBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PRT PermRock Royalty Trust	16.54%	-12.79%	-11.58%	-37.64%	24.09%	194.55%	-49.26%	-0.27%	-57.76%
SBR Sabine Royalty Trust	8.14%	14.04%	4.06%	-13.10%	132.08%	60.71%	-24.24%	15.77%	-14.69%

Fundamentals

EPS PRT : $0.42 SBR : $5.44
PE Ratio PRT : 7.64 SBR : 13.47
PEG Ratio PRT : 0.00 SBR : 0.36
PS Ratio PRT : 6.52 SBR : 12.88
Total Revenue (TTM) PRT : $6.01M SBR : $82.92M
Gross Profit (TTM) PRT : $6.01M SBR : $82.92M
EBITDA (TTM) PRT : $5.13M SBR : $78.91M

Returns By Period

In the year-to-date period, PRT achieves a 16.54% return, which is significantly higher than SBR's 8.14% return.

PRT

• 1D: -2.42%
• 1M: -8.18%
• YTD: 16.54%
• 6M: -16.37%
• 1Y: -18.51%
• 3Y*: -15.40%
• 5Y*: -2.54%
• 10Y*: —

SBR

• 1D: -2.80%
• 1M: -0.05%
• YTD: 8.14%
• 6M: -5.50%
• 1Y: 14.18%
• 3Y*: 9.12%
• 5Y*: 30.01%
• 10Y*: 18.76%

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

Return for Risk

PRT vs. SBR — Risk / Return Rank

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

PRT

PRT Risk / Return Rank: 15
PRT Sharpe Ratio Rank: 16
PRT Sortino Ratio Rank: 17
PRT Omega Ratio Rank: 17
PRT Calmar Ratio Rank: 23
PRT Martin Ratio Rank: 5

SBR

SBR Risk / Return Rank: 56
SBR Sharpe Ratio Rank: 61
SBR Sortino Ratio Rank: 51
SBR Omega Ratio Rank: 52
SBR Calmar Ratio Rank: 60
SBR Martin Ratio Rank: 59

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.

PRT vs. SBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PermRock Royalty Trust (PRT) and Sabine Royalty Trust (SBR). 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	SBR	Difference
Sharpe ratio Return per unit of total volatility	-0.57	0.56	-1.13
Sortino ratio Return per unit of downside risk	-0.61	0.87	-1.48
Omega ratio Gain probability vs. loss probability	0.92	1.12	-0.20
Calmar ratio Return relative to maximum drawdown	-0.54	0.86	-1.41
Martin ratio Return relative to average drawdown	-1.67	1.83	-3.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRT vs. SBR - Sharpe Ratio Comparison

The current PRT Sharpe Ratio is -0.57, which is lower than the SBR Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of PRT and SBR, 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

	PRT	SBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	0.56	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.95	-1.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.53	-0.70

Correlation

The correlation between PRT and SBR is 0.27, 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

PRT vs. SBR - Dividend Comparison

PRT's dividend yield for the trailing twelve months is around 9.32%, more than SBR's 6.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRT PermRock Royalty Trust	9.32%	13.88%	12.05%	11.65%	13.12%	8.66%	6.01%	13.50%	21.65%	0.00%	0.00%	0.00%
SBR Sabine Royalty Trust	6.65%	7.53%	8.41%	9.41%	10.13%	7.72%	8.59%	7.49%	8.98%	5.31%	5.50%	11.82%

Drawdowns

PRT vs. SBR - Drawdown Comparison

The maximum PRT drawdown since its inception was -91.42%, which is greater than SBR's maximum drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for PRT and SBR.

Drawdown Indicators

	PRT	SBR	Difference
Max Drawdown Largest peak-to-trough decline	-91.42%	-56.40%	-35.02%
Max Drawdown (1Y) Largest decline over 1 year	-35.09%	-18.54%	-16.55%
Max Drawdown (5Y) Largest decline over 5 years	-64.06%	-34.56%	-29.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.71%	—
Current Drawdown Current decline from peak	-60.00%	-8.54%	-51.46%
Average Drawdown Average peak-to-trough decline	-48.54%	-13.68%	-34.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.45%	8.75%	+2.70%

Volatility

PRT vs. SBR - Volatility Comparison

PermRock Royalty Trust (PRT) has a higher volatility of 10.15% compared to Sabine Royalty Trust (SBR) at 7.77%. This indicates that PRT's price experiences larger fluctuations and is considered to be riskier than SBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRT	SBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.15%	7.77%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	27.06%	19.35%	+7.71%
Volatility (1Y) Calculated over the trailing 1-year period	32.65%	25.62%	+7.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.46%	31.86%	+8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.51%	31.36%	+29.15%

Financials

PRT vs. SBR - Profitability Comparison

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

PRT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PermRock Royalty Trust reported a gross profit of 1.26M and revenue of 1.26M. Therefore, the gross margin over that period was 100.0%.

SBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sabine Royalty Trust reported a gross profit of 25.52M and revenue of 25.52M. Therefore, the gross margin over that period was 100.0%.

PRT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PermRock Royalty Trust reported an operating income of 1.11M and revenue of 1.26M, resulting in an operating margin of 88.3%.

SBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sabine Royalty Trust reported an operating income of 24.75M and revenue of 25.52M, resulting in an operating margin of 97.0%.

PRT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PermRock Royalty Trust reported a net income of 1.11M and revenue of 1.26M, resulting in a net margin of 88.3%.

SBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sabine Royalty Trust reported a net income of 24.75M and revenue of 25.52M, resulting in a net margin of 97.0%.