VOC vs. CRT

Last updated Aug 1, 2026

VOC (VOC Energy Trust) and CRT (Cross Timbers Royalty Trust) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, VOC returned 13.34%/yr vs 2.55%/yr for CRT. Their 0.27 correlation means their historical movements had little consistent relationship.

Performance

VOC vs. CRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VOC Energy Trust (VOC) and Cross Timbers Royalty Trust (CRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOC achieves a 27.66% return, which is significantly lower than CRT's 32.43% return. Over the past 10 years, VOC has outperformed CRT with an annualized return of 13.34%, while CRT has yielded a comparatively lower 2.55% annualized return.

VOC

• 1D: 2.41%
• 1M: 13.00%
• 6M: 16.94%
• YTD: 27.66%
• 1Y: 22.73%
• 3Y*: -18.43%
• 5Y*: 6.50%
• 10Y*: 13.34%
• ALL TIME*: -0.88%

CRT

• 1D: 1.10%
• 1M: 13.99%
• 6M: 19.19%
• YTD: 32.43%
• 1Y: 21.82%
• 3Y*: -14.68%
• 5Y*: 4.93%
• 10Y*: 2.55%
• ALL TIME*: 9.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRT Cross Timbers Royalty Trust	$142.29K	$133.91K	$199.67K
VOC VOC Energy Trust	$848.03K	$506.49K	$330.71K

VOC vs. CRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOC VOC Energy Trust	27.66%	-35.74%	-24.87%	-23.37%	161.55%	138.08%	-47.61%	45.58%	-30.78%	108.09%
CRT Cross Timbers Royalty Trust	32.43%	-13.15%	-39.15%	-24.36%	145.90%	53.31%	5.38%	-13.04%	-17.93%	-12.70%

Correlation

The correlation between VOC and CRT is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (3Y) Balances recent behavior with more history.	0.16
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (10Y) Provides a long-term view across more market conditions.	0.24
Correlation (All Time) Calculated using the full available price history since May 6, 2011	0.27

The correlation between VOC and CRT shifts across timeframes, from 0.14 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap VOC : $50.66M CRT : $61.32M
EPS VOC : $0.53 CRT : $0.54
PE Ratio VOC : 5.68 CRT : 19.10
PEG Ratio VOC : 0.37 CRT : 25.79
PS Ratio VOC : 5.02 CRT : 13.63
Total Revenue (TTM) VOC : $6.72M CRT : $4.50M
Gross Profit (TTM) VOC : $6.67M CRT : $4.33M
EBITDA (TTM) VOC : $5.95M CRT : $3.36M

Return for Risk

VOC vs. CRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VOC

VOC Risk / Return Rank: 62
VOC Sharpe Ratio Rank: 64
VOC Sortino Ratio Rank: 60
VOC Omega Ratio Rank: 58
VOC Calmar Ratio Rank: 64
VOC Martin Ratio Rank: 66

CRT

CRT Risk / Return Rank: 63
CRT Sharpe Ratio Rank: 65
CRT Sortino Ratio Rank: 60
CRT Omega Ratio Rank: 60
CRT Calmar Ratio Rank: 65
CRT Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VOC vs. CRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VOC Energy Trust (VOC) and Cross Timbers Royalty Trust (CRT). 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.

	VOC	CRT	Difference
Sharpe ratio: Return per unit of total volatility	0.54	0.58	-0.03
Sortino ratio: Return per unit of downside risk	1.03	1.05	-0.02
Omega ratio: Gain probability vs. loss probability	1.13	1.13	-0.01
Calmar ratio: Return relative to maximum drawdown	0.86	0.88	-0.03
Martin ratio: Return relative to average drawdown	2.17	2.10	+0.07

VOC vs. CRT - Sharpe Ratio Comparison

The current VOC Sharpe Ratio is 0.54, which is comparable to the CRT Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of VOC and CRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOC vs. CRT - Drawdown Comparison

The maximum VOC drawdown since its inception was -87.00%, roughly equal to the maximum CRT drawdown of -83.57%. Use the drawdown chart below to compare losses from any high point for VOC and CRT.

Drawdown Indicators

	VOC	CRT	Difference
Max Drawdown Largest peak-to-trough decline	-87.00%	-83.57%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-25.24%	-21.63%	-3.61%
Max Drawdown (3Y) Largest decline over 3 years	-71.12%	-63.52%	-7.60%
Max Drawdown (5Y) Largest decline over 5 years	-75.56%	-71.10%	-4.46%
Max Drawdown (10Y) Largest decline over 10 years	-78.42%	-71.10%	-7.32%
Current Drawdown Current decline from peak	-62.59%	-55.78%	-6.81%
Average Drawdown Average peak-to-trough decline	-48.18%	-29.52%	-18.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.02%	9.82%	+0.20%

Volatility

VOC vs. CRT - Volatility Comparison

VOC Energy Trust (VOC) has a higher volatility of 10.92% compared to Cross Timbers Royalty Trust (CRT) at 8.82%. This indicates that VOC's price experiences larger fluctuations and is considered to be riskier than CRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOC	CRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	8.82%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	32.89%	22.39%	+10.50%
Volatility (1Y) Calculated over the trailing 1-year period	39.79%	33.03%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.56%	50.11%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.25%	46.09%	+8.16%

Dividends

VOC vs. CRT - Dividend Comparison

VOC's dividend yield for the trailing twelve months is around 19.30%, more than CRT's 5.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT Cross Timbers Royalty Trust	5.49%	9.41%	9.56%	10.96%	7.69%	9.71%	9.45%	10.04%	13.06%	6.87%	5.90%	10.41%
VOC VOC Energy Trust	19.30%	16.11%	15.27%	12.43%	12.30%	10.87%	10.14%	15.01%	19.67%	8.36%	8.96%	19.11%

Financials

Frequently Asked Questions

Can I hold both VOC and CRT in my portfolio?

VOC and CRT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOC or CRT?

VOC has higher volatility (10.92%) compared to CRT (8.82%). In terms of maximum drawdown, VOC dropped -87.00% vs CRT's -83.57%.

Which has better risk-adjusted returns?

CRT currently has the higher Sharpe Ratio (0.58 vs 0.54), 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.