PVL vs. PBT

Last updated Apr 1, 2026

Compare and contrast key facts about Permianville Royalty Trust (PVL) and Permian Basin Royalty Trust (PBT).

Performance

PVL vs. PBT - Performance Comparison

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

PVL vs. PBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PVL Permianville Royalty Trust	4.50%	42.17%	-0.62%	-50.32%	81.37%	205.27%	-56.49%	10.22%	-32.22%	-3.06%
PBT Permian Basin Royalty Trust	27.17%	56.75%	-16.91%	-42.84%	166.22%	218.45%	-7.68%	-29.15%	-28.11%	23.21%

Fundamentals

EPS PVL : $0.07 PBT : $0.31
PE Ratio PVL : 26.10 PBT : 70.14
PEG Ratio PVL : 0.47 PBT : 0.93
PS Ratio PVL : 17.50 PBT : 62.19
Total Revenue (TTM) PVL : $3.49M PBT : $16.13M
Gross Profit (TTM) PVL : $3.23M PBT : $16.13M
EBITDA (TTM) PVL : $2.20M PBT : $14.30M

Returns By Period

In the year-to-date period, PVL achieves a 4.50% return, which is significantly lower than PBT's 27.17% return. Over the past 10 years, PVL has underperformed PBT with an annualized return of 5.89%, while PBT has yielded a comparatively higher 20.01% annualized return.

PVL

• 1D: -1.60%
• 1M: 14.45%
• YTD: 4.50%
• 6M: 8.74%
• 1Y: 28.41%
• 3Y*: -0.19%
• 5Y*: 14.42%
• 10Y*: 5.89%

PBT

• 1D: -1.19%
• 1M: 8.80%
• YTD: 27.17%
• 6M: 18.80%
• 1Y: 121.69%
• 3Y*: -0.89%
• 5Y*: 44.88%
• 10Y*: 20.01%

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

Return for Risk

PVL vs. PBT — Risk / Return Rank

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

PVL

PVL Risk / Return Rank: 69
PVL Sharpe Ratio Rank: 69
PVL Sortino Ratio Rank: 64
PVL Omega Ratio Rank: 63
PVL Calmar Ratio Rank: 78
PVL Martin Ratio Rank: 73

PBT

PBT Risk / Return Rank: 96
PBT Sharpe Ratio Rank: 97
PBT Sortino Ratio Rank: 96
PBT Omega Ratio Rank: 94
PBT Calmar Ratio Rank: 96
PBT Martin Ratio Rank: 96

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.

PVL vs. PBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permianville Royalty Trust (PVL) and Permian Basin Royalty Trust (PBT). 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.

	PVL	PBT	Difference
Sharpe ratio Return per unit of total volatility	0.80	3.26	-2.46
Sortino ratio Return per unit of downside risk	1.34	3.85	-2.51
Omega ratio Gain probability vs. loss probability	1.17	1.48	-0.30
Calmar ratio Return relative to maximum drawdown	2.03	6.34	-4.31
Martin ratio Return relative to average drawdown	4.06	17.63	-13.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PVL vs. PBT - Sharpe Ratio Comparison

The current PVL Sharpe Ratio is 0.80, which is lower than the PBT Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of PVL and PBT, 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

	PVL	PBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	3.26	-2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.96	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.47	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.32	-0.46

Correlation

The correlation between PVL and PBT is 0.25, 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

PVL vs. PBT - Dividend Comparison

PVL's dividend yield for the trailing twelve months is around 8.16%, more than PBT's 1.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PVL Permianville Royalty Trust	8.16%	7.20%	6.29%	25.67%	13.18%	5.66%	18.35%	16.57%	22.27%	6.61%	6.63%	15.66%
PBT Permian Basin Royalty Trust	1.56%	1.92%	4.92%	4.30%	4.56%	2.28%	7.10%	10.80%	11.20%	7.09%	5.38%	6.81%

Drawdowns

PVL vs. PBT - Drawdown Comparison

The maximum PVL drawdown since its inception was -95.05%, which is greater than PBT's maximum drawdown of -83.17%. Use the drawdown chart below to compare losses from any high point for PVL and PBT.

Drawdown Indicators

	PVL	PBT	Difference
Max Drawdown Largest peak-to-trough decline	-95.05%	-83.17%	-11.88%
Max Drawdown (1Y) Largest decline over 1 year	-14.52%	-19.04%	+4.52%
Max Drawdown (5Y) Largest decline over 5 years	-77.24%	-65.05%	-12.19%
Max Drawdown (10Y) Largest decline over 10 years	-85.54%	-73.87%	-11.67%
Current Drawdown Current decline from peak	-68.70%	-12.85%	-55.85%
Average Drawdown Average peak-to-trough decline	-63.55%	-25.76%	-37.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.27%	6.85%	+0.42%

Volatility

PVL vs. PBT - Volatility Comparison

Permianville Royalty Trust (PVL) has a higher volatility of 13.54% compared to Permian Basin Royalty Trust (PBT) at 11.09%. This indicates that PVL's price experiences larger fluctuations and is considered to be riskier than PBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVL	PBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.54%	11.09%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	22.81%	26.94%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	35.66%	37.59%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.80%	46.86%	+3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.34%	42.31%	+14.03%

Financials

PVL vs. PBT - Profitability Comparison

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

PVL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Permianville Royalty Trust reported a gross profit of 1.32M and revenue of 1.34M. Therefore, the gross margin over that period was 98.3%.

PBT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Permian Basin Royalty Trust reported a gross profit of 2.68M and revenue of 2.68M. Therefore, the gross margin over that period was 100.0%.

PVL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Permianville Royalty Trust reported an operating income of 504.73K and revenue of 1.34M, resulting in an operating margin of 37.7%.

PBT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Permian Basin Royalty Trust reported an operating income of 2.44M and revenue of 2.68M, resulting in an operating margin of 91.3%.

PVL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Permianville Royalty Trust reported a net income of 528.00K and revenue of 1.34M, resulting in a net margin of 39.4%.

PBT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Permian Basin Royalty Trust reported a net income of 2.44M and revenue of 2.68M, resulting in a net margin of 91.3%.