PBT vs SPY

Comparison between Permian Basin Royalty Trust (PBT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformancePBT has outperformed SPY, delivering a return of +49.9% compared to +13.3%

PBT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBT(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$1.30B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	92.04%	56.47%
Sharpe Ratio	2.46	1.62
5Y Beta	0.58	1.00
Industry	Oil & Gas Midstream	N/A
P/E Ratio	88.06	28.99
Forward P/E	10.74	22.37
PEG Ratio	1.12	N/A
Dividend Yield	1.07%	N/A
5Y Dividends CAGR	20.54%	5.43%
5Y EPS CAGR	16.49%	26.05%
Debt to Equity	0.00%	32.40%
Free Cash Flow Yield	2.40%	N/A
P/S Ratio	78.02	3.74
P/B Ratio	8000.31	5.61

Market Cap / Net Assets

PBT

$1.30B

Winner

SPY

$735B

Expense Ratio

PBT

N/A

SPY

0.09%

Max Drawdown

PBT

92.04%

Winner

SPY

56.47%

Sharpe Ratio

Winner

PBT

2.46

SPY

1.62

5Y Beta

Winner

PBT

0.58

SPY

1.00

Industry

PBT

Oil & Gas Midstream

SPY

N/A

P/E Ratio

PBT

88.06

Winner

SPY

28.99

Forward P/E

Winner

PBT

10.74

SPY

22.37

PEG Ratio

PBT

1.12

SPY

N/A

Dividend Yield

PBT

1.07%

SPY

N/A

5Y Dividends CAGR

Winner

PBT

20.54%

SPY

5.43%

5Y EPS CAGR

PBT

16.49%

Winner

SPY

26.05%

Debt to Equity

Winner

PBT

0.00%

SPY

32.40%

Free Cash Flow Yield

PBT

2.40%

SPY

N/A

P/S Ratio

PBT

78.02

Winner

SPY

3.74

P/B Ratio

PBT

8000.31

Winner

SPY

5.61

PBT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PBT	SPY
1 month	+22.54%	+1.90%
3 months	+38.21%	+8.55%
6 months	+53.50%	+8.18%
1 year	+164.13%	+25.79%
5 years(CAGR)	+49.89%	+13.32%
10 years(CAGR)	+21.13%	+15.19%
Max(CAGR)	+14.65%	+8.47%

Winner

PBT

+22.54%

SPY

+1.90%

Winner

PBT

+38.21%

SPY

+8.55%

Winner

PBT

+53.50%

SPY

+8.18%

Winner

PBT

+164.13%

SPY

+25.79%

5Y(CAGR)

Winner

PBT

+49.89%

SPY

+13.32%

10Y(CAGR)

Winner

PBT

+21.13%

SPY

+15.19%

Max(CAGR)

Winner

PBT

+14.65%

SPY

+8.47%

PBT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PBT	SPY
2026	+62.80%	+8.26%
2025	+50.50%	+18.00%
2024	-17.57%	+25.59%
2023	-35.81%	+26.72%
2022	+162.09%	-18.64%
2021	+208.15%	+30.52%
2020	-8.91%	+17.28%
2019	-32.47%	+31.09%
2018	-28.04%	-5.24%
2017	+18.19%	+20.78%
2016	+52.72%	+13.59%
2015	-43.55%	+1.31%
2014	-20.35%	+14.56%
2013	+9.48%	+29.00%
2012	-35.89%	+14.17%
2011	-4.93%	+0.85%
2010	+64.84%	+13.14%
2009	+7.30%	+22.67%
2008	-5.24%	-36.25%
2007	+10.03%	+5.32%
2006	+11.80%	+13.85%
2005	+24.47%	+5.32%
2004	+85.31%	+10.75%
2003	+44.01%	+24.18%
2002	+27.93%	-22.42%
2001	+1.86%	-10.13%
2000	+27.79%	-8.84%
1999	+5.59%	+8.61%

PBT vs SPY Drawdown Comparison

The maximum drawdown for PBT was -83.18%, occurring on Oct 28, 2020. Recovery took 2464 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PBT drawdown is -8.12%. The current SPY drawdown is -2.90%.

Rank	PBT	SPY
#1	-83.18% Mar 28, 2012 - Jan 11, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-70.20% Jul 1, 2008 - Nov 4, 2010	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-65.06% Apr 10, 2023 - May 11, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-32.66% Jun 9, 2022 - Oct 26, 2022	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-27.03% Mar 4, 2005 - Jun 27, 2005	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-23.20% Jan 29, 2003 - May 21, 2003	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-23.13% Dec 31, 1999 - Aug 25, 2000	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-22.07% Sep 17, 2001 - Dec 5, 2002	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-21.60% Apr 22, 2008 - Jul 1, 2008	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-19.80% Dec 30, 2022 - Jan 19, 2023	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-19.69% Mar 25, 2022 - May 20, 2022	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-18.89% Jan 12, 2022 - Mar 25, 2022	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-18.64% Nov 29, 2006 - Oct 15, 2007	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-17.48% Jul 25, 2011 - Feb 24, 2012	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-16.90% Nov 30, 2004 - Feb 24, 2005	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PBT and SPY is 0.70 which considered as a strong positive correlation - the stocks tend to move together.

0.70

-101

Dividend Comparison (1999 - 2026)

PBT vs SPY dividend yield comparison.

Year	PBT	SPY
2026	0.43%	0.24%
2025	1.92%	1.07%
2024	4.92%	1.21%
2023	4.30%	1.40%
2022	4.56%	1.65%
2021	2.28%	1.20%
2020	7.10%	1.52%
2019	10.80%	1.75%
2018	11.20%	2.04%
2017	7.09%	1.80%
2016	5.38%	2.03%
2015	6.82%	2.06%
2014	10.72%	1.87%
2013	6.76%	1.81%
2012	8.84%	2.18%
2011	6.68%	2.05%
2010	6.07%	1.80%
2009	5.60%	1.95%
2008	17.46%	3.02%
2007	9.08%	1.85%
2006	8.77%	1.73%
2005	8.60%	1.73%
2004	6.85%	1.82%
2003	8.34%	1.47%
2002	7.97%	1.70%
2001	15.89%	1.25%
2000	12.58%	1.15%
1999	1.92%	0.24%

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PBT vs SPY

PBT vs SPY - Performance Comparison

Key Characteristics

PBT vs SPY - Historical Returns

PBT vs SPY - Annual Returns (1999 - 2026)

PBT vs SPY Drawdown Comparison

Correlation

Dividend Comparison (1999 - 2026)

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