CRT vs IMO: Correlation
Cross Timbers Royalty Trust (CRT) and Imperial Oil Limited (IMO) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRT and IMO?
Across a 3-year window, the weekly returns of CRT and IMO correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 441.7 %².
Few assets follow CRT as closely as IMO, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with IMO ahead by 21.4 points (+29.0% versus +50.4%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRT vs IMO: side by side
| CRT (Cross Timbers Royalty Trust) | IMO (Imperial Oil Limited) | |
|---|---|---|
| 1-year return | +29.0% | +50.4% |
| 5-year return | +30.9% | +468.0% |
| Volatility (ann.) | 36.4% | 28.8% |
| Beta vs S&P 500 | 0.11 | 0.24 |
| Max drawdown (3Y) | -63.5% | -22.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 19.8 | 21.2 |
| Dividend yield | 5.05% | 2.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRT | IMO |
|---|---|---|
| 2022 | +145.9% | +38.0% |
| 2023 | -24.4% | +20.6% |
| 2024 | -39.1% | +10.5% |
| 2025 | -13.1% | +43.8% |
| 2026 | +36.2% | +54.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRT and IMO good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRT and IMO?
The CRT/IMO correlation stands at 0.42 on a 3-year window (1 year: 0.45, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is IMO a good diversifier for CRT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CRT correlations · IMO correlations
