SBR vs. GLP

Last updated Jun 3, 2026

SBR (Sabine Royalty Trust) and GLP (Global Partners LP) are both stocks. Both are in the Energy sector — SBR in Oil & Gas E&P, GLP in Oil & Gas Midstream. Over the past 10 years, SBR returned 17.70%/yr vs 25.64%/yr for GLP. At a 0.26 correlation, their price movements are largely independent.

Performance

SBR vs. GLP - Performance Comparison

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

Returns By Period

In the year-to-date period, SBR achieves a 15.17% return, which is significantly lower than GLP's 21.55% return. Over the past 10 years, SBR has underperformed GLP with an annualized return of 17.70%, while GLP has yielded a comparatively higher 25.64% annualized return.

SBR

• 1D: 1.69%
• 1M: 0.76%
• YTD: 15.17%
• 6M: 1.30%
• 1Y: 23.46%
• 3Y*: 11.26%
• 5Y*: 26.45%
• 10Y*: 17.70%

GLP

• 1D: 2.62%
• 1M: 2.15%
• YTD: 21.55%
• 6M: 17.67%
• 1Y: -0.87%
• 3Y*: 25.82%
• 5Y*: 23.07%
• 10Y*: 25.64%

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

SBR vs. GLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBR Sabine Royalty Trust	15.17%	14.04%	4.06%	-13.10%	132.08%	60.71%	-24.24%	15.77%	-9.61%	34.83%
GLP Global Partners LP	21.55%	-4.39%	17.27%	35.29%	61.23%	60.17%	-6.40%	37.24%	8.06%	-5.21%

Correlation

The correlation between SBR and GLP is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Sep 30, 2005	0.26

Fundamentals

EPS SBR : $5.06 GLP : $3.75
PE Ratio SBR : 15.25 GLP : 13.14
PEG Ratio SBR : 0.92 GLP : 0.15
PS Ratio SBR : 14.63 GLP : 0.09
Total Revenue (TTM) SBR : $57.67M GLP : $19.29B
Gross Profit (TTM) SBR : $58.05M GLP : $955.74M
EBITDA (TTM) SBR : $55.09M GLP : $392.67M

Return for Risk

SBR vs. GLP — Risk / Return Rank

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

SBR

SBR Risk / Return Rank: 65
SBR Sharpe Ratio Rank: 70
SBR Sortino Ratio Rank: 61
SBR Omega Ratio Rank: 62
SBR Calmar Ratio Rank: 66
SBR Martin Ratio Rank: 65

GLP

GLP Risk / Return Rank: 37
GLP Sharpe Ratio Rank: 39
GLP Sortino Ratio Rank: 33
GLP Omega Ratio Rank: 33
GLP Calmar Ratio Rank: 40
GLP Martin Ratio Rank: 40

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.

SBR vs. GLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sabine Royalty Trust (SBR) and Global Partners LP (GLP). 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.

	SBR	GLP	Difference
Sharpe ratio Return per unit of total volatility	0.99	-0.03	+1.02
Sortino ratio Return per unit of downside risk	1.37	0.15	+1.22
Omega ratio Gain probability vs. loss probability	1.18	1.02	+0.17
Calmar ratio Return relative to maximum drawdown	1.31	0.00	+1.30
Martin ratio Return relative to average drawdown	2.77	0.01	+2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBR vs. GLP - Sharpe Ratio Comparison

The current SBR Sharpe Ratio is 0.99, which is higher than the GLP Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of SBR and GLP, 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

	SBR	GLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	-0.03	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.65	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.68	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.33	+0.21

Drawdowns

SBR vs. GLP - Drawdown Comparison

The maximum SBR drawdown since its inception was -56.40%, smaller than the maximum GLP drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for SBR and GLP.

Drawdown Indicators

	SBR	GLP	Difference
Max Drawdown Largest peak-to-trough decline	-56.40%	-81.18%	+24.78%
Max Drawdown (1Y) Largest decline over 1 year	-18.54%	-27.22%	+8.68%
Max Drawdown (3Y) Largest decline over 3 years	-19.13%	-30.60%	+11.47%
Max Drawdown (5Y) Largest decline over 5 years	-34.56%	-31.80%	-2.76%
Max Drawdown (10Y) Largest decline over 10 years	-50.71%	-62.57%	+11.86%
Current Drawdown Current decline from peak	-2.59%	-10.81%	+8.22%
Average Drawdown Average peak-to-trough decline	-13.64%	-24.03%	+10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.74%	13.90%	-5.16%

Volatility

SBR vs. GLP - Volatility Comparison

The current volatility for Sabine Royalty Trust (SBR) is 6.06%, while Global Partners LP (GLP) has a volatility of 8.87%. This indicates that SBR experiences smaller price fluctuations and is considered to be less risky than GLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBR	GLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	8.87%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	18.22%	20.51%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	23.78%	27.18%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.79%	35.81%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.31%	37.98%	-6.67%

Dividends

SBR vs. GLP - Dividend Comparison

SBR's dividend yield for the trailing twelve months is around 6.14%, which matches GLP's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLP Global Partners LP	6.15%	7.14%	6.14%	8.48%	6.93%	12.28%	11.30%	10.14%	11.50%	11.08%	9.51%	15.57%
SBR Sabine Royalty Trust	6.14%	7.53%	8.41%	9.41%	10.13%	7.72%	8.59%	7.49%	8.98%	5.31%	5.50%	11.82%

Financials

Frequently Asked Questions

Can I hold both SBR and GLP in my portfolio?

SBR and GLP have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBR or GLP?

GLP has higher volatility (8.87%) compared to SBR (6.06%). In terms of maximum drawdown, SBR dropped -56.40% vs GLP's -81.18%.

Which has better risk-adjusted returns?

SBR currently has the higher Sharpe Ratio (0.99 vs -0.03), 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.