RMCO vs. BATL

Last updated Jun 3, 2026

RMCO (Royalty Management Holding Corporation) and BATL (Battalion Oil Corporation) are both stocks. RMCO operates in Asset Management (Financial Services), while BATL operates in Oil & Gas E&P (Energy). Over the past year, RMCO returned 139.59% vs 12.45% for BATL. At a 0.05 correlation, their price movements are largely independent.

Performance

RMCO vs. BATL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royalty Management Holding Corporation (RMCO) and Battalion Oil Corporation (BATL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMCO achieves a -13.50% return, which is significantly lower than BATL's 31.86% return.

RMCO

• 1D: 0.75%
• 1M: -6.32%
• YTD: -13.50%
• 6M: 21.04%
• 1Y: 139.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BATL

• 1D: -9.15%
• 1M: -60.16%
• YTD: 31.86%
• 6M: 29.57%
• 1Y: 12.45%
• 3Y*: -40.03%
• 5Y*: -34.75%
• 10Y*: —

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

RMCO vs. BATL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RMCO Royalty Management Holding Corporation	-13.50%	210.86%	-41.29%	-82.90%
BATL Battalion Oil Corporation	31.86%	-34.30%	-82.10%	56.26%

Correlation

The correlation between RMCO and BATL 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 (All Time) Calculated using the full available price history since Nov 7, 2023	0.05

Fundamentals

Market Cap RMCO : $40.00M BATL : $25.95M
EPS RMCO : -$0.05 BATL : -$3.03
PS Ratio RMCO : 8.06 BATL : 0.16
PB Ratio RMCO : 3.49 BATL : 0.17
Total Revenue (TTM) RMCO : $4.95M BATL : $156.88M
Gross Profit (TTM) RMCO : $804.78K BATL : $24.18M
EBITDA (TTM) RMCO : -$271.19K BATL : $44.32M

Return for Risk

RMCO vs. BATL — Risk / Return Rank

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

RMCO

RMCO Risk / Return Rank: 78
RMCO Sharpe Ratio Rank: 76
RMCO Sortino Ratio Rank: 76
RMCO Omega Ratio Rank: 79
RMCO Calmar Ratio Rank: 79
RMCO Martin Ratio Rank: 78

BATL

BATL Risk / Return Rank: 60
BATL Sharpe Ratio Rank: 41
BATL Sortino Ratio Rank: 87
BATL Omega Ratio Rank: 87
BATL Calmar Ratio Rank: 42
BATL Martin Ratio Rank: 41

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.

RMCO vs. BATL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royalty Management Holding Corporation (RMCO) and Battalion Oil Corporation (BATL). 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.

	RMCO	BATL	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.04	+1.21
Sortino ratio Return per unit of downside risk	2.10	3.00	-0.90
Omega ratio Gain probability vs. loss probability	1.30	1.39	-0.09
Calmar ratio Return relative to maximum drawdown	2.61	0.10	+2.51
Martin ratio Return relative to average drawdown	5.82	0.16	+5.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMCO vs. BATL - Sharpe Ratio Comparison

The current RMCO Sharpe Ratio is 1.25, which is higher than the BATL Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of RMCO and BATL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RMCO	BATL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.04	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.37	-0.16	-0.21

Drawdowns

RMCO vs. BATL - Drawdown Comparison

The maximum RMCO drawdown since its inception was -92.35%, roughly equal to the maximum BATL drawdown of -95.23%. Use the drawdown chart below to compare losses from any high point for RMCO and BATL.

Drawdown Indicators

	RMCO	BATL	Difference
Max Drawdown Largest peak-to-trough decline	-92.35%	-95.23%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	-55.14%	-94.76%	+39.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-94.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-95.23%	—
Current Drawdown Current decline from peak	-73.00%	-94.62%	+21.62%
Average Drawdown Average peak-to-trough decline	-81.32%	-59.28%	-22.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.73%	60.59%	-35.86%

Volatility

RMCO vs. BATL - Volatility Comparison

The current volatility for Royalty Management Holding Corporation (RMCO) is 31.28%, while Battalion Oil Corporation (BATL) has a volatility of 34.48%. This indicates that RMCO experiences smaller price fluctuations and is considered to be less risky than BATL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMCO	BATL	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.28%	34.48%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	70.18%	213.16%	-142.98%
Volatility (1Y) Calculated over the trailing 1-year period	112.40%	317.05%	-204.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.89%	173.25%	-64.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.89%	167.49%	-58.60%

Dividends

RMCO vs. BATL - Dividend Comparison

RMCO's dividend yield for the trailing twelve months is around 0.37%, while BATL has not paid dividends to shareholders.

Position	TTM	2025
BATL Battalion Oil Corporation	0.00%	0.00%
RMCO Royalty Management Holding Corporation	0.37%	0.24%

Financials

Frequently Asked Questions

Can I hold both RMCO and BATL in my portfolio?

RMCO and BATL 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.

Which is riskier, RMCO or BATL?

BATL has higher volatility (34.48%) compared to RMCO (31.28%). In terms of maximum drawdown, RMCO dropped -92.35% vs BATL's -95.23%.

Which has better risk-adjusted returns?

RMCO currently has the higher Sharpe Ratio (1.25 vs 0.04), 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.