WINA vs. SBR

Last updated Jun 4, 2026

WINA (Winmark Corporation) and SBR (Sabine Royalty Trust) are both stocks. WINA operates in Specialty Retail (Consumer Cyclical), while SBR operates in Oil & Gas E&P (Energy). Over the past 10 years, WINA returned 16.39%/yr vs 17.70%/yr for SBR. At a 0.07 correlation, their price movements are largely independent.

Performance

WINA vs. SBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Winmark Corporation (WINA) and Sabine Royalty Trust (SBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WINA achieves a -6.75% return, which is significantly lower than SBR's 15.14% return. Over the past 10 years, WINA has underperformed SBR with an annualized return of 16.39%, while SBR has yielded a comparatively higher 17.70% annualized return.

WINA

• 1D: 0.34%
• 1M: 2.19%
• YTD: -6.75%
• 6M: -12.22%
• 1Y: -7.65%
• 3Y*: 5.59%
• 5Y*: 17.35%
• 10Y*: 16.39%

SBR

• 1D: -0.03%
• 1M: -0.88%
• YTD: 15.14%
• 6M: 0.02%
• 1Y: 22.17%
• 3Y*: 11.25%
• 5Y*: 26.25%
• 10Y*: 17.70%

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

WINA vs. SBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WINA Winmark Corporation	-6.75%	6.43%	-3.26%	82.56%	-2.78%	38.67%	-5.88%	25.38%	23.36%	2.93%
SBR Sabine Royalty Trust	15.14%	14.04%	4.06%	-13.10%	132.08%	60.71%	-24.24%	15.77%	-9.61%	34.83%

Correlation

The correlation between WINA and SBR is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Aug 26, 1993	0.07

The correlation between WINA and SBR shifts across timeframes, from 0.00 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS WINA : $11.09 SBR : $5.06
PE Ratio WINA : 33.89 SBR : 15.25
PEG Ratio WINA : 17.42 SBR : 0.92
PS Ratio WINA : 16.33 SBR : 14.62
Total Revenue (TTM) WINA : $84.99M SBR : $57.67M
Gross Profit (TTM) WINA : $82.15M SBR : $58.05M
EBITDA (TTM) WINA : $55.02M SBR : $55.09M

Return for Risk

WINA vs. SBR — Risk / Return Rank

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

WINA

WINA Risk / Return Rank: 31
WINA Sharpe Ratio Rank: 33
WINA Sortino Ratio Rank: 29
WINA Omega Ratio Rank: 29
WINA Calmar Ratio Rank: 32
WINA Martin Ratio Rank: 32

SBR

SBR Risk / Return Rank: 64
SBR Sharpe Ratio Rank: 70
SBR Sortino Ratio Rank: 60
SBR Omega Ratio Rank: 61
SBR Calmar Ratio Rank: 64
SBR Martin Ratio Rank: 63

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.

WINA vs. SBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Winmark Corporation (WINA) and Sabine Royalty Trust (SBR). 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.

	WINA	SBR	Difference
Sharpe ratio Return per unit of total volatility	-0.20	0.94	-1.14
Sortino ratio Return per unit of downside risk	-0.03	1.31	-1.34
Omega ratio Gain probability vs. loss probability	1.00	1.17	-0.18
Calmar ratio Return relative to maximum drawdown	-0.26	1.20	-1.46
Martin ratio Return relative to average drawdown	-0.48	2.54	-3.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WINA vs. SBR - Sharpe Ratio Comparison

The current WINA Sharpe Ratio is -0.20, which is lower than the SBR Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of WINA and SBR, 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

	WINA	SBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	0.94	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.83	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.57	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.54	-0.27

Drawdowns

WINA vs. SBR - Drawdown Comparison

The maximum WINA drawdown since its inception was -85.47%, which is greater than SBR's maximum drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for WINA and SBR.

Drawdown Indicators

	WINA	SBR	Difference
Max Drawdown Largest peak-to-trough decline	-85.47%	-56.40%	-29.07%
Max Drawdown (1Y) Largest decline over 1 year	-30.10%	-18.54%	-11.56%
Max Drawdown (3Y) Largest decline over 3 years	-30.10%	-18.54%	-11.56%
Max Drawdown (5Y) Largest decline over 5 years	-30.29%	-34.56%	+4.27%
Max Drawdown (10Y) Largest decline over 10 years	-45.45%	-50.71%	+5.26%
Current Drawdown Current decline from peak	-25.20%	-2.62%	-22.58%
Average Drawdown Average peak-to-trough decline	-24.69%	-13.64%	-11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.82%	8.74%	+7.08%

Volatility

WINA vs. SBR - Volatility Comparison

Winmark Corporation (WINA) has a higher volatility of 8.75% compared to Sabine Royalty Trust (SBR) at 5.83%. This indicates that WINA's price experiences larger fluctuations and is considered to be riskier than SBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WINA	SBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	5.83%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	27.58%	18.15%	+9.43%
Volatility (1Y) Calculated over the trailing 1-year period	37.61%	23.77%	+13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.54%	31.78%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.96%	31.31%	-1.35%

Dividends

WINA vs. SBR - Dividend Comparison

WINA's dividend yield for the trailing twelve months is around 3.70%, less than SBR's 6.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBR Sabine Royalty Trust	6.14%	7.53%	8.41%	9.41%	10.13%	7.72%	8.59%	7.49%	8.98%	5.31%	5.50%	11.82%
WINA Winmark Corporation	3.70%	3.40%	2.80%	2.99%	2.35%	3.67%	0.43%	0.45%	0.35%	0.33%	0.29%	0.29%

Financials

Frequently Asked Questions

Can I hold both WINA and SBR in my portfolio?

WINA and SBR have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WINA or SBR?

WINA has higher volatility (8.75%) compared to SBR (5.83%). In terms of maximum drawdown, WINA dropped -85.47% vs SBR's -56.40%.

Which has better risk-adjusted returns?

SBR currently has the higher Sharpe Ratio (0.94 vs -0.20), 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.