BAC vs RETO: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and RETO?
Across a 3-year window, the weekly returns of BAC and RETO correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.12, with an annualized covariance of -2122.8 %².
By 3-year correlation, RETO places #39 of the 45 assets tracked against BAC. The last year tells two different stories: BAC led by 120.4 percentage points, +24.1% for BAC against -96.3% for RETO. Risk is not evenly split, since RETO carries 15.1 times the volatility of the other side.
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.
BAC vs RETO: side by side
| BAC (Bank of America) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +24.1% | -96.3% |
| 5-year return | +66.0% | -100.0% |
| Volatility (ann.) | 26.5% | 399.9% |
| Beta vs S&P 500 | 1.11 | -2.83 |
| Max drawdown (3Y) | -27.5% | -99.5% |
| Market cap | $427.7B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | RETO |
|---|---|---|
| 2022 | -23.8% | -75.9% |
| 2023 | +4.8% | -99.1% |
| 2024 | +33.9% | -74.9% |
| 2025 | +28.0% | -57.1% |
| 2026 | +12.4% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and RETO good diversifiers for each other?
Yes. With a correlation of -0.20, BAC and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAC and RETO?
The BAC/RETO correlation stands at -0.20 on a 3-year window (1 year: 0.01, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is RETO a good diversifier for BAC?
Yes. With a correlation of -0.20, BAC and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/bac-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAC correlations · RETO correlations
