SBR vs. BSM
SBR (Sabine Royalty Trust) and BSM (Black Stone Minerals, L.P.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, SBR returned 16.92%/yr vs 8.52%/yr for BSM. At a 0.40 correlation, their price movements are largely independent.
Performance
SBR vs. BSM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SBR having a 8.57% return and BSM slightly higher at 8.82%. Over the past 10 years, SBR has outperformed BSM with an annualized return of 16.92%, while BSM has yielded a comparatively lower 8.52% annualized return.
SBR
- 1D
- -0.07%
- 1M
- -5.61%
- YTD
- 8.57%
- 6M
- 9.14%
- 1Y
- 16.68%
- 3Y*
- 12.80%
- 5Y*
- 23.74%
- 10Y*
- 16.92%
BSM
- 1D
- -1.07%
- 1M
- 0.29%
- YTD
- 8.82%
- 6M
- 7.13%
- 1Y
- 14.71%
- 3Y*
- 6.03%
- 5Y*
- 17.19%
- 10Y*
- 8.52%
SBR vs. BSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBR Sabine Royalty Trust | 8.57% | 14.04% | 4.06% | -13.10% | 132.08% | 60.71% | -24.24% | 15.77% | -9.61% | 34.83% |
BSM Black Stone Minerals, L.P. | 8.82% | 0.56% | 1.47% | 5.85% | 80.82% | 67.42% | -42.97% | -9.53% | -7.04% | 2.49% |
Correlation
The correlation between SBR and BSM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 1, 2015 | 0.40 |
Fundamentals
SBR:
$5.06
BSM:
$1.38
SBR:
14.28
BSM:
10.06
SBR:
0.86
BSM:
0.28
SBR:
13.70
BSM:
6.39
SBR:
$57.67M
BSM:
$468.25M
SBR:
$58.05M
BSM:
$365.30M
SBR:
$55.09M
BSM:
$475.89M
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Return for Risk
SBR vs. BSM — Risk / Return Rank
SBR
BSM
SBR vs. BSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sabine Royalty Trust (SBR) and Black Stone Minerals, L.P. (BSM). 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.
| SBR | BSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.10 | -0.20 |
| Martin ratioReturn relative to average drawdown | 1.89 | 2.51 | -0.62 |
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Drawdowns
SBR vs. BSM - Drawdown Comparison
The maximum SBR drawdown since its inception was -56.40%, smaller than the maximum BSM drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for SBR and BSM.
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Drawdown Indicators
| SBR | BSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.40% | -75.58% | +19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -18.54% | -13.41% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -21.48% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -25.52% | -9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -50.71% | -75.58% | +24.87% |
Current DrawdownCurrent decline from peak | -8.18% | -8.17% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -16.86% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.83% | 5.88% | +2.95% |
Volatility
SBR vs. BSM - Volatility Comparison
Sabine Royalty Trust (SBR) has a higher volatility of 7.49% compared to Black Stone Minerals, L.P. (BSM) at 6.01%. This indicates that SBR's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBR | BSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 6.01% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 14.47% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 20.58% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.83% | 26.33% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.35% | 31.52% | -0.17% |
Dividends
SBR vs. BSM - Dividend Comparison
SBR's dividend yield for the trailing twelve months is around 6.66%, less than BSM's 8.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSM Black Stone Minerals, L.P. | 8.66% | 10.16% | 10.96% | 11.90% | 9.13% | 8.23% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% |
SBR Sabine Royalty Trust | 6.66% | 7.53% | 8.41% | 9.41% | 10.13% | 7.72% | 8.59% | 7.49% | 8.98% | 5.31% | 5.50% | 11.82% |
Financials
SBR vs. BSM - Financials Comparison
This section allows you to compare key financial metrics between Sabine Royalty Trust and Black Stone Minerals, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SBR and BSM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBR has higher volatility (7.49%) compared to BSM (6.01%). In terms of maximum drawdown, SBR dropped -56.40% vs BSM's -75.58%.
BSM currently has the higher Sharpe Ratio (0.72 vs 0.68), 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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