SJT vs. SPY
Compare and contrast key facts about San Juan Basin Royalty Trust (SJT) and State Street SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SJT vs. SPY - Performance Comparison
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SJT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJT San Juan Basin Royalty Trust | -17.44% | 46.74% | -22.92% | -50.02% | 120.63% | 163.80% | 11.80% | -45.15% | -38.19% | 39.22% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SJT achieves a -17.44% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, SJT has underperformed SPY with an annualized return of 6.88%, while SPY has yielded a comparatively higher 14.06% annualized return.
SJT
- 1D
- -3.53%
- 1M
- -9.73%
- YTD
- -17.44%
- 6M
- -26.70%
- 1Y
- -17.14%
- 3Y*
- -22.18%
- 5Y*
- 11.09%
- 10Y*
- 6.88%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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Return for Risk
SJT vs. SPY — Risk / Return Rank
SJT
SPY
SJT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for San Juan Basin Royalty Trust (SJT) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | 0.96 | -1.40 |
Sortino ratioReturn per unit of downside risk | -0.41 | 1.49 | -1.90 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.23 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.53 | -2.01 |
Martin ratioReturn relative to average drawdown | -0.93 | 7.27 | -8.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SJT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 0.96 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.70 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.79 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.56 | -0.40 |
Correlation
The correlation between SJT and SPY is 0.21, 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
SJT vs. SPY - Dividend Comparison
SJT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SJT vs. SPY - Drawdown Comparison
The maximum SJT drawdown since its inception was -92.82%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SJT and SPY.
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Drawdown Indicators
| SJT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.82% | -55.19% | -37.63% |
Max Drawdown (1Y)Largest decline over 1 year | -34.09% | -12.05% | -22.04% |
Max Drawdown (5Y)Largest decline over 5 years | -73.47% | -24.50% | -48.97% |
Max Drawdown (10Y)Largest decline over 10 years | -81.54% | -33.72% | -47.82% |
Current DrawdownCurrent decline from peak | -67.53% | -5.53% | -62.00% |
Average DrawdownAverage peak-to-trough decline | -37.49% | -9.09% | -28.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.38% | 2.54% | +14.84% |
Volatility
SJT vs. SPY - Volatility Comparison
San Juan Basin Royalty Trust (SJT) has a higher volatility of 10.39% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that SJT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 5.35% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 26.17% | 9.50% | +16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.66% | 19.06% | +19.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.60% | 17.06% | +31.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.45% | 17.92% | +31.53% |