Black Stone Minerals LP

10-Year Study

BSM.US · Energy · US · Common Stock

Executive Summary: Black Stone Minerals LP has compounded at 8.1% annually over the last 10 years, with a maximum drawdown of 71.3% and an annualized volatility of 38.6%.

1Y CAGR
+12.4%
3Y CAGR
+6.2%
5Y CAGR
+18.1%
10Y CAGR
+8.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
71.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.33
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.44
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
31.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · +80.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -43.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202611.14.30.1-8.1————————6.7%
2025-0.85.92.1-7.6-2.7-2.0-4.2-0.68.10.48.8-5.30.6%
20242.8-4.34.9-0.23.3-2.7-4.01.81.2-2.37.8-5.91.5%
2023-3.5-1.70.95.4-4.13.611.20.4-0.74.50.1-9.15.9%
202210.57.911.917.74.6-15.113.84.2-0.817.44.4-10.080.8%
202127.76.6-2.417.8-1.98.6-0.9-4.320.53.8-8.8-7.666.6%
2020-21.1-9.3-47.130.35.22.57.81.8-12.2-1.518.5-4.8-43.0%
20199.47.5-1.12.8-8.0-5.1-3.2-2.60.0-8.2-6.67.2-9.5%
20182.3-5.0-3.47.34.21.6-7.29.9-1.7-6.40.5-7.6-7.1%
2017-1.3-4.0-5.8-3.34.1-3.55.55.60.64.31.2-0.12.5%
2016———19.5-6.70.80.75.79.9-1.78.30.741.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 38.6%. The dominant macroeconomic risk driver is SHV.US, accounting for 65.9% of variance. Idiosyncratic stock-specific factors contribute 15.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0111948.605170652307
2016-05-0111153.786212748273
2016-06-0111248.160141301149
2016-07-0111327.988363434866
2016-08-0111970.943219796016
2016-09-0113160.74737224887
2016-10-0112939.098512528355
2016-11-0114009.59323970978
2016-12-0114107.257268524132
2017-01-0113926.994406829555
2017-02-0113376.335520961404
2017-03-0112605.239917574332
2017-04-0112185.31922630695
2017-05-0112685.068139708046
2017-06-0112242.289909781986
2017-07-0112917.972605586245
2017-08-0113635.214462588097
2017-09-0113722.315537931394
2017-10-0114307.953384474193
2017-11-0114474.882681951201
2017-12-0114458.778506987135
2018-01-0114797.139344404231
2018-02-0114056.520459228732
2018-03-0113572.702557620047
2018-04-0114564.927531212661
2018-05-0115181.215259138688
2018-06-0115423.124209943031
2018-07-0114305.355936899343
2018-08-0115727.545065715425
2018-09-0115464.337044797314
2018-10-0114470.726765831443
2018-11-0114541.031013524043
2018-12-0113438.501099586141
2019-01-0114705.882352941178
2019-02-0115812.741346170498
2019-03-0115635.422258394085
2019-04-0116069.888656080626
2019-05-0114783.978943358326
2019-06-0114032.450778368457
2019-07-0113579.802247657968
2019-08-0113231.22478311313
2019-09-0113231.22478311313
2019-10-0112144.106391452664
2019-11-0111345.824170115502
2019-12-0112158.305771528512
2020-01-019596.529810040001
2020-02-018706.99059723978
2020-03-014604.408734350378
2020-04-016001.489203276248
2020-05-016313.529238601534
2020-06-016473.012519697311
2020-07-016980.900102166271
2020-08-017104.3654435574645
2020-09-016240.454380162428
2020-10-016149.024225527715
2020-11-017285.320957938667
2020-12-016932.414414102409
2021-01-018852.447661431366
2021-02-019435.141734056
2021-03-019213.31971116383
2021-04-0110850.92382552079
2021-05-0110642.435366846179
2021-06-0111556.217423678334
2021-07-0111448.683094079552
2021-08-0110953.782749484842
2021-09-0113199.189596356646
2021-10-0113703.094425877505
2021-11-0112502.034667266966
2021-12-0111551.542018043603
2022-01-0112759.181977177093
2022-02-0113766.818473047153
2022-03-0115403.210445202518
2022-04-0118126.893972189995
2022-05-0118953.05546416388
2022-06-0116095.863131829123
2022-07-0118318.06611369894
2022-08-0119081.542537533114
2022-09-0118936.258636513187
2022-10-0122227.571040191175
2022-11-0123215.46693449237
2022-12-0120887.634417912002
2023-01-0120157.232159864237
2023-02-0119813.156937782474
2023-03-0119991.515004588826
2023-04-0121074.650643301185
2023-05-0120213.16386430934
2023-06-0120948.761017506797
2023-07-0123299.624235917505
2023-08-0123400.23203865002
2023-09-0123238.324473151053
2023-10-0124276.784013575994
2023-11-0124312.628790108924
2023-12-0122109.82008346465
2024-01-0122719.52761086772
2024-02-0121749.121196903845
2024-03-0122820.135413600234
2024-04-0122777.364110201044
2024-05-0123537.204107430432
2024-06-0122894.422414240937
2024-07-0121973.88699371418
2024-08-0122368.872188263
2024-09-0122638.66040970407
2024-10-0122129.041195518537
2024-11-0123848.378326897433
2024-12-0122434.67419349253
2025-01-0122250.255415678195
2025-02-0123572.183068105078
2025-03-0124060.503212176834
2025-04-0122232.765935340874
2025-05-0121630.33126114738
2025-06-0121192.921089542677
2025-07-0120301.823408197546
2025-08-0120178.184903634694
2025-09-0121804.360248662317
2025-10-0121887.30540788585
2025-11-0123816.862629655927
2025-12-0122560.736982458573
2026-01-0125072.988276853277
2026-02-0126147.638920154463
2026-03-0126182.27155448579
2026-04-0124069.68086027464
Annual Return Matrix
YearAnnual Return
20170.024917759120145266
2018-0.07056456442070469
2019-0.09526325284127513
2020-0.4298206884764929
20210.6663086376579905
20220.8082117855161974
20230.058512402175354916
20240.014692752306511458
20250.005619104956853471
20260.06688362525520763
Total Factor Risk
0.38590563504951747
VTI.US Exposure
-0.0005510932439142507
VEA.US Exposure
-0.001336453714312982
VWO.US Exposure
-0.0004675282783480671
QQQ.US Exposure
0.0001494556725794721
VTV.US Exposure
0.05101460488700509
IJR.US Exposure
0.018044044321991585
QUAL.US Exposure
0.02719389514633257
SHV.US Exposure
0.6591832685046337
TLT.US Exposure
0.03015740520201177
LQD.US Exposure
0.0022290471930181506
HYG.US Exposure
0.0005972819304312963
GLD.US Exposure
0.000396121443270386
USO.US Exposure
0.03300497299538817
VNQ.US Exposure
-0.0018125741778260052
BTC-USD.CC Exposure
0.002610856666506318
CPER.US Exposure
0.015484560288961901
VIX.INDX Exposure
-0.0023491479951721446
UUP.US Exposure
0.00923762018398285
TIP.US Exposure
0.0005303793926827715
Idiosyncratic Exposure
0.15668328358077732
Value Score
45.4
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
100
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
38.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →11.4x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →8.68%
Market Cap$3.1B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$519
Avg Yield on Cost
5.19%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$519.495.19%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-6.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+4.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
10.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.17
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Black Stone Minerals LP a high-risk investment?

Black Stone Minerals LP (BSM.US) has an annualized volatility of 38.6% and experienced a maximum drawdown of 71.3% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BSM.US?

Over the past 10 years, BSM.US has generated a Compound Annual Growth Rate (CAGR) of 8.1%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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