VNOM vs. KRP
VNOM (Viper Energy Partners LP) and KRP (Kimbell Royalty Partners, LP) are both stocks. Both are in the Energy sector — VNOM in Oil & Gas Midstream, KRP in Oil & Gas E&P. Over the past 5 years, VNOM returned 25.81%/yr vs 14.94%/yr for KRP. At a 0.46 correlation, their price movements are largely independent.
Performance
VNOM vs. KRP - Performance Comparison
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Returns By Period
In the year-to-date period, VNOM achieves a 11.65% return, which is significantly lower than KRP's 31.73% return.
VNOM
- 1D
- 0.86%
- 1M
- -5.30%
- 6M
- 18.04%
- YTD
- 11.65%
- 1Y
- 15.15%
- 3Y*
- 24.56%
- 5Y*
- 25.81%
- 10Y*
- 14.86%
KRP
- 1D
- -0.54%
- 1M
- -3.67%
- 6M
- 30.95%
- YTD
- 31.73%
- 1Y
- 15.22%
- 3Y*
- 11.29%
- 5Y*
- 14.94%
- 10Y*
- —
VNOM vs. KRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 11.65% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 46.82% |
KRP Kimbell Royalty Partners, LP | 31.73% | -18.60% | 20.43% | 0.76% | 36.93% | 89.97% | -48.94% | 38.62% | -8.93% | -5.43% |
Correlation
The correlation between VNOM and KRP is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2017 | 0.46 |
The correlation between VNOM and KRP shifts across timeframes, from 0.46 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
VNOM:
$15.13B
KRP:
$1.45B
VNOM:
-$0.28
KRP:
$0.61
VNOM:
4.37
KRP:
5.63
VNOM:
1.49
KRP:
3.35
VNOM:
$1.60B
KRP:
$309.11M
VNOM:
$740.00M
KRP:
$319.28M
VNOM:
$1.04B
KRP:
$177.16M
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Return for Risk
VNOM vs. KRP — Risk / Return Rank
VNOM
KRP
VNOM vs. KRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) 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.
| VNOM | KRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.79 | +0.23 |
| Martin ratioReturn relative to average drawdown | 2.92 | 2.01 | +0.91 |
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Drawdowns
VNOM vs. KRP - Drawdown Comparison
The maximum VNOM drawdown since its inception was -86.96%, which is greater than KRP's maximum drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for VNOM and KRP.
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Drawdown Indicators
| VNOM | KRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.96% | -80.91% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -20.50% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -27.58% | -6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -27.58% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -86.96% | — | — |
Current DrawdownCurrent decline from peak | -19.18% | -5.41% | -13.77% |
Average DrawdownAverage peak-to-trough decline | -31.56% | -19.28% | -12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 8.01% | -1.26% |
Volatility
VNOM vs. KRP - Volatility Comparison
Viper Energy Partners LP (VNOM) has a higher volatility of 7.59% compared to Kimbell Royalty Partners, LP (KRP) at 6.30%. This indicates that VNOM'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
| VNOM | KRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 6.30% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 17.01% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.61% | 23.05% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.69% | 28.38% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.16% | 41.20% | +3.96% |
Dividends
VNOM vs. KRP - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 5.50%, less than KRP's 10.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRP Kimbell Royalty Partners, LP | 10.27% | 13.61% | 10.78% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% | 0.00% | 0.00% |
VNOM Viper Energy Partners LP | 5.50% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
VNOM vs. KRP - Financials Comparison
This section allows you to compare key financial metrics between Viper Energy Partners LP 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
VNOM vs. KRP - Profitability Comparison
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
KRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Kimbell Royalty Partners, LP reported a gross profit of 59.66M and revenue of 65.54M. Therefore, the gross margin over that period was 91.0%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
KRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Kimbell Royalty Partners, LP reported an operating income of 15.80M and revenue of 65.54M, resulting in an operating margin of 24.1%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
KRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Kimbell Royalty Partners, LP reported a net income of 3.97M and revenue of 65.54M, resulting in a net margin of 6.1%.
Frequently Asked Questions
VNOM and KRP have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNOM has higher volatility (7.59%) compared to KRP (6.30%). In terms of maximum drawdown, VNOM dropped -86.96% vs KRP's -80.91%.
KRP currently has the higher Sharpe Ratio (0.70 vs 0.69), 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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