BX vs RETO: Correlation
How closely do Blackstone Inc. (BX) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and RETO?
Across a 3-year window, the weekly returns of BX and RETO correlate at -0.14, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.26) than the 3-year average (-0.14). Stretching to 5 years gives -0.05, with an annualized covariance of -1854.4 %².
Within BX's tracked universe of 35 assets, RETO comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BX ahead by 83.4 points (-12.9% versus -96.3%). One caveat on sizing: RETO is 11.8 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.
BX vs RETO: side by side
| BX (Blackstone Inc.) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | -12.9% | -96.3% |
| 5-year return | +37.5% | -100.0% |
| Volatility (ann.) | 34.0% | 399.9% |
| Beta vs S&P 500 | 1.36 | -2.83 |
| Max drawdown (3Y) | -46.5% | -99.5% |
| Market cap | $171.7B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | RETO |
|---|---|---|
| 2022 | -40.0% | -75.9% |
| 2023 | +82.7% | -99.1% |
| 2024 | +35.1% | -74.9% |
| 2025 | -7.8% | -57.1% |
| 2026 | -3.9% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and RETO good diversifiers for each other?
Yes. With a correlation of -0.14, BX and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BX and RETO?
As of 2026-08-27, the correlation of weekly returns between BX and RETO is -0.14 over 3 years, 0.26 over 1 year and -0.05 over 5 years.
Is RETO a good diversifier for BX?
Yes. With a correlation of -0.14, BX and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bx-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bx-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BX correlations · RETO correlations
