SJT vs. LNG

Last updated Jun 3, 2026

SJT (San Juan Basin Royalty Trust) and LNG (Cheniere Energy, Inc.) are both stocks. Both are in the Energy sector — SJT in Oil & Gas E&P, LNG in Oil & Gas Midstream. Over the past 10 years, SJT returned 1.07%/yr vs 22.19%/yr for LNG. At a 0.21 correlation, their price movements are largely independent.

Performance

SJT vs. LNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in San Juan Basin Royalty Trust (SJT) and Cheniere Energy, Inc. (LNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJT achieves a -32.03% return, which is significantly lower than LNG's 22.01% return. Over the past 10 years, SJT has underperformed LNG with an annualized return of 1.07%, while LNG has yielded a comparatively higher 22.19% annualized return.

SJT

• 1D: -0.52%
• 1M: -12.39%
• YTD: -32.03%
• 6M: -30.80%
• 1Y: -41.95%
• 3Y*: -21.74%
• 5Y*: 0.77%
• 10Y*: 1.07%

LNG

• 1D: 3.57%
• 1M: -12.41%
• YTD: 22.01%
• 6M: 13.33%
• 1Y: -2.02%
• 3Y*: 18.58%
• 5Y*: 23.20%
• 10Y*: 22.19%

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

SJT vs. LNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SJT San Juan Basin Royalty Trust	-32.03%	46.74%	-22.92%	-50.02%	120.63%	163.80%	11.80%	-45.15%	-38.19%	39.22%
LNG Cheniere Energy, Inc.	22.01%	-8.70%	27.18%	15.02%	49.30%	69.48%	-1.70%	3.18%	9.94%	29.95%

Correlation

The correlation between SJT and LNG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 14, 1997	0.21

The correlation between SJT and LNG shifts across timeframes, from 0.21 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS SJT : -$0.01 LNG : $6.80
PS Ratio SJT : 36.59K LNG : 2.52
Total Revenue (TTM) SJT : $3.65K LNG : $20.28B
Gross Profit (TTM) SJT : $3.65K LNG : $5.52B
EBITDA (TTM) SJT : -$2.45K LNG : $5.81B

Return for Risk

SJT vs. LNG — Risk / Return Rank

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

SJT

SJT Risk / Return Rank: 4
SJT Sharpe Ratio Rank: 2
SJT Sortino Ratio Rank: 3
SJT Omega Ratio Rank: 5
SJT Calmar Ratio Rank: 6
SJT Martin Ratio Rank: 1

LNG

LNG Risk / Return Rank: 36
LNG Sharpe Ratio Rank: 37
LNG Sortino Ratio Rank: 32
LNG Omega Ratio Rank: 32
LNG Calmar Ratio Rank: 40
LNG 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.

SJT vs. LNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for San Juan Basin Royalty Trust (SJT) and Cheniere Energy, Inc. (LNG). 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.

	SJT	LNG	Difference
Sharpe ratio Return per unit of total volatility	-1.18	-0.07	-1.11
Sortino ratio Return per unit of downside risk	-1.77	0.09	-1.86
Omega ratio Gain probability vs. loss probability	0.80	1.01	-0.21
Calmar ratio Return relative to maximum drawdown	-0.89	0.02	-0.91
Martin ratio Return relative to average drawdown	-1.84	0.05	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJT vs. LNG - Sharpe Ratio Comparison

The current SJT Sharpe Ratio is -1.18, which is lower than the LNG Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of SJT and LNG, 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

	SJT	LNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.18	-0.07	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.77	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	0.68	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.16	-0.01

Drawdowns

SJT vs. LNG - Drawdown Comparison

The maximum SJT drawdown since its inception was -92.82%, smaller than the maximum LNG drawdown of -97.84%. Use the drawdown chart below to compare losses from any high point for SJT and LNG.

Drawdown Indicators

	SJT	LNG	Difference
Max Drawdown Largest peak-to-trough decline	-92.82%	-97.84%	+5.02%
Max Drawdown (1Y) Largest decline over 1 year	-44.07%	-24.09%	-19.98%
Max Drawdown (3Y) Largest decline over 3 years	-60.59%	-24.87%	-35.72%
Max Drawdown (5Y) Largest decline over 5 years	-73.47%	-24.87%	-48.60%
Max Drawdown (10Y) Largest decline over 10 years	-81.54%	-57.53%	-24.01%
Current Drawdown Current decline from peak	-73.27%	-20.33%	-52.94%
Average Drawdown Average peak-to-trough decline	-37.63%	-43.17%	+5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.25%	11.43%	+9.82%

Volatility

SJT vs. LNG - Volatility Comparison

San Juan Basin Royalty Trust (SJT) has a higher volatility of 12.37% compared to Cheniere Energy, Inc. (LNG) at 9.69%. This indicates that SJT's price experiences larger fluctuations and is considered to be riskier than LNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJT	LNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.37%	9.69%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	23.73%	21.74%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	35.96%	27.75%	+8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.23%	30.27%	+17.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.32%	32.67%	+16.65%

Dividends

SJT vs. LNG - Dividend Comparison

SJT has not paid dividends to shareholders, while LNG's dividend yield for the trailing twelve months is around 0.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNG Cheniere Energy, Inc.	0.92%	1.06%	0.84%	0.95%	0.92%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SJT San Juan Basin Royalty Trust	0.00%	0.00%	2.89%	21.81%	14.58%	12.67%	5.96%	6.85%	8.03%	10.19%	5.05%	8.81%

Financials

Frequently Asked Questions

Can I hold both SJT and LNG in my portfolio?

SJT and LNG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJT or LNG?

SJT has higher volatility (12.37%) compared to LNG (9.69%). In terms of maximum drawdown, SJT dropped -92.82% vs LNG's -97.84%.

Which has better risk-adjusted returns?

LNG currently has the higher Sharpe Ratio (-0.07 vs -1.18), 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.