TXO vs. KRP
TXO (TXO Partners, L.P.) and KRP (Kimbell Royalty Partners, LP) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 3 years, TXO returned -4.60%/yr vs 10.16%/yr for KRP. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
TXO vs. KRP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TXO having a 32.60% return and KRP slightly higher at 34.14%.
TXO
- 1D
- 1.82%
- 1M
- 8.57%
- 6M
- 17.22%
- YTD
- 32.60%
- 1Y
- 0.03%
- 3Y*
- -4.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.35%
KRP
- 1D
- 1.42%
- 1M
- 3.31%
- 6M
- 17.46%
- YTD
- 34.14%
- 1Y
- 12.88%
- 3Y*
- 10.16%
- 5Y*
- 17.06%
- 10Y*
- —
- ALL TIME*
- 8.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.05M | $8.25M | $11.35M | |
| $1.27M | $1.42M | $2.45M |
TXO vs. KRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TXO TXO Partners, L.P. | 32.60% | -27.94% | 4.48% | -11.11% |
KRP Kimbell Royalty Partners, LP | 34.14% | -18.60% | 20.43% | 0.46% |
Correlation
The correlation between TXO and KRP is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2023 | 0.40 |
Over the past year, TXO and KRP have become more correlated (0.63) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
TXO:
$741.91M
KRP:
$1.48B
TXO:
-$1.84
KRP:
$0.61
TXO:
2.02
KRP:
5.74
TXO:
0.89
KRP:
3.42
TXO:
$355.40M
KRP:
$309.11M
TXO:
$23.12M
KRP:
$319.28M
TXO:
$110.65M
KRP:
$177.16M
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Return for Risk
TXO vs. KRP — Risk / Return Rank
TXO
KRP
TXO vs. KRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TXO Partners, L.P. (TXO) and Kimbell Royalty Partners, LP (KRP). 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.
| TXO | KRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.61 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.13 | 1.61 | -1.74 |
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Drawdowns
TXO vs. KRP - Drawdown Comparison
The maximum TXO drawdown since its inception was -46.41%, smaller than the maximum KRP drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for TXO and KRP.
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Drawdown Indicators
| TXO | KRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.41% | -80.91% | +34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.62% | -19.43% | -9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -46.41% | -27.58% | -18.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.58% | — |
Current DrawdownCurrent decline from peak | -25.29% | -3.67% | -21.62% |
Average DrawdownAverage peak-to-trough decline | -19.00% | -19.19% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 7.39% | +5.04% |
Volatility
TXO vs. KRP - Volatility Comparison
TXO Partners, L.P. (TXO) has a higher volatility of 6.24% compared to Kimbell Royalty Partners, LP (KRP) at 5.90%. This indicates that TXO's price experiences larger fluctuations and is considered to be riskier than KRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXO | KRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 5.90% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 16.47% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.29% | 23.12% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 28.35% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.94% | 41.10% | -12.16% |
Dividends
TXO vs. KRP - Dividend Comparison
TXO's dividend yield for the trailing twelve months is around 10.87%, more than KRP's 10.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KRP Kimbell Royalty Partners, LP | 10.09% | 13.61% | 10.78% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% |
TXO TXO Partners, L.P. | 10.87% | 18.93% | 14.13% | 8.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TXO vs. KRP - Financials Comparison
This section allows you to compare key financial metrics between TXO Partners, L.P. and Kimbell Royalty Partners, LP. 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
TXO and KRP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TXO has higher volatility (6.24%) compared to KRP (5.90%). In terms of maximum drawdown, TXO dropped -46.41% vs KRP's -80.91%.
KRP currently has the higher Sharpe Ratio (0.51 vs -0.06), 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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