CRT vs PEO: Correlation
Cross Timbers Royalty Trust (CRT) and Adams Natural Resources Fund, Inc. (PEO) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRT and PEO?
On 3 years of weekly data the CRT/PEO correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 314.1 %².
In CRT's tracked universe of 11 assets, PEO sits right near the top at #2. The trailing year gives PEO the advantage: +29.0% versus +41.6%, a 12.6-point spread. One caveat on sizing: CRT is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PEO: side by side
| CRT (Cross Timbers Royalty Trust) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +29.0% | +41.6% |
| 5-year return | +30.9% | +179.3% |
| Volatility (ann.) | 36.4% | 20.2% |
| Beta vs S&P 500 | 0.11 | 0.30 |
| Max drawdown (3Y) | -63.5% | -18.9% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 19.8 | 4.8 |
| Dividend yield | 5.05% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRT | PEO |
|---|---|---|
| 2022 | +145.9% | +41.8% |
| 2023 | -24.4% | +0.9% |
| 2024 | -39.1% | +13.6% |
| 2025 | -13.1% | +10.0% |
| 2026 | +36.2% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRT and PEO good diversifiers for each other?
Reasonably. At 0.43, CRT and PEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRT and PEO?
The CRT/PEO correlation stands at 0.43 on a 3-year window (1 year: 0.50, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is PEO a good diversifier for CRT?
Reasonably. At 0.43, CRT and PEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crt-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crt-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRT correlations · PEO correlations
