ZDGE vs. CRT

Last updated Apr 2, 2026

Compare and contrast key facts about Zedge, Inc. (ZDGE) and Cross Timbers Royalty Trust (CRT).

Performance

ZDGE vs. CRT - Performance Comparison

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

ZDGE vs. CRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZDGE Zedge, Inc.	-10.22%	22.51%	14.47%	33.52%	-79.29%	40.73%	292.21%	-37.09%	-10.95%	-12.17%
CRT Cross Timbers Royalty Trust	34.47%	-13.15%	-39.15%	-24.36%	145.90%	53.31%	5.38%	-13.04%	-17.93%	-12.70%

Fundamentals

EPS ZDGE : -$0.14 CRT : $0.74
PS Ratio ZDGE : 1.27 CRT : 11.35
Total Revenue (TTM) ZDGE : $31.09M CRT : $5.60M
Gross Profit (TTM) ZDGE : $28.59M CRT : $5.53M
EBITDA (TTM) ZDGE : -$1.32M CRT : $4.51M

Returns By Period

In the year-to-date period, ZDGE achieves a -10.22% return, which is significantly lower than CRT's 34.47% return.

ZDGE

• 1D: 0.00%
• 1M: -4.56%
• YTD: -10.22%
• 6M: 0.98%
• 1Y: 29.77%
• 3Y*: 14.91%
• 5Y*: -24.78%
• 10Y*: —

CRT

• 1D: 0.09%
• 1M: 17.81%
• YTD: 34.47%
• 6M: 47.04%
• 1Y: -8.18%
• 3Y*: -10.70%
• 5Y*: 13.77%
• 10Y*: 5.09%

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

Return for Risk

ZDGE vs. CRT — Risk / Return Rank

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

ZDGE

ZDGE Risk / Return Rank: 54
ZDGE Sharpe Ratio Rank: 54
ZDGE Sortino Ratio Rank: 57
ZDGE Omega Ratio Rank: 56
ZDGE Calmar Ratio Rank: 52
ZDGE Martin Ratio Rank: 50

CRT

CRT Risk / Return Rank: 29
CRT Sharpe Ratio Rank: 30
CRT Sortino Ratio Rank: 26
CRT Omega Ratio Rank: 26
CRT Calmar Ratio Rank: 29
CRT Martin Ratio Rank: 31

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.

ZDGE vs. CRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zedge, Inc. (ZDGE) 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.

	ZDGE	CRT	Difference
Sharpe ratio Return per unit of total volatility	0.37	-0.24	+0.61
Sortino ratio Return per unit of downside risk	1.11	-0.11	+1.22
Omega ratio Gain probability vs. loss probability	1.14	0.99	+0.16
Calmar ratio Return relative to maximum drawdown	0.52	-0.35	+0.87
Martin ratio Return relative to average drawdown	0.92	-0.55	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZDGE vs. CRT - Sharpe Ratio Comparison

The current ZDGE Sharpe Ratio is 0.37, which is higher than the CRT Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of ZDGE and CRT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZDGE	CRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.24	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.27	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.24	-0.31

Correlation

The correlation between ZDGE and CRT is 0.05, 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

ZDGE vs. CRT - Dividend Comparison

ZDGE's dividend yield for the trailing twelve months is around 1.09%, less than CRT's 5.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZDGE Zedge, Inc.	1.09%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CRT Cross Timbers Royalty Trust	5.05%	9.41%	9.56%	10.96%	7.69%	9.71%	9.45%	10.04%	13.06%	6.87%	5.90%	10.41%

Drawdowns

ZDGE vs. CRT - Drawdown Comparison

The maximum ZDGE drawdown since its inception was -91.40%, which is greater than CRT's maximum drawdown of -83.57%. Use the drawdown chart below to compare losses from any high point for ZDGE and CRT.

Drawdown Indicators

	ZDGE	CRT	Difference
Max Drawdown Largest peak-to-trough decline	-91.40%	-83.57%	-7.83%
Max Drawdown (1Y) Largest decline over 1 year	-51.98%	-38.87%	-13.11%
Max Drawdown (5Y) Largest decline over 5 years	-91.40%	-71.10%	-20.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-71.10%	—
Current Drawdown Current decline from peak	-84.76%	-55.09%	-29.67%
Average Drawdown Average peak-to-trough decline	-69.40%	-29.27%	-40.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.36%	26.08%	+3.28%

Volatility

ZDGE vs. CRT - Volatility Comparison

Zedge, Inc. (ZDGE) has a higher volatility of 23.33% compared to Cross Timbers Royalty Trust (CRT) at 12.52%. This indicates that ZDGE'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

	ZDGE	CRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.33%	12.52%	+10.81%
Volatility (6M) Calculated over the trailing 6-month period	60.16%	25.05%	+35.11%
Volatility (1Y) Calculated over the trailing 1-year period	80.15%	34.93%	+45.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.22%	50.51%	+27.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.35%	46.12%	+44.23%

Financials

ZDGE vs. CRT - Profitability Comparison

The chart below illustrates the profitability comparison between Zedge, Inc. and Cross Timbers Royalty Trust over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ZDGE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Zedge, Inc. reported a gross profit of 7.91M and revenue of 8.25M. Therefore, the gross margin over that period was 95.8%.

CRT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Cross Timbers Royalty Trust reported a gross profit of 717.33K and revenue of 774.28K. Therefore, the gross margin over that period was 92.7%.

ZDGE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Zedge, Inc. reported an operating income of -2.88M and revenue of 8.25M, resulting in an operating margin of -34.9%.

CRT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cross Timbers Royalty Trust reported an operating income of 440.59K and revenue of 774.28K, resulting in an operating margin of 56.9%.

ZDGE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Zedge, Inc. reported a net income of -2.29M and revenue of 8.25M, resulting in a net margin of -27.7%.

CRT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cross Timbers Royalty Trust reported a net income of 453.32K and revenue of 774.28K, resulting in a net margin of 58.6%.