CPAY vs RETO: Correlation
Corpay (CPAY) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and RETO?
On 3 years of weekly data the CPAY/RETO correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.15 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -1942.9 %².
By 3-year correlation, RETO places #24 of the 32 assets tracked against CPAY. Their recent paths diverged sharply: over the last 12 months CPAY outperformed by 120.4 percentage points (+24.1% for CPAY against -96.3% for RETO). One caveat on sizing: RETO is 12.6 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.
CPAY vs RETO: side by side
| CPAY (Corpay) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +24.1% | -96.3% |
| 5-year return | +55.2% | -100.0% |
| Volatility (ann.) | 31.7% | 399.9% |
| Beta vs S&P 500 | 1.22 | -2.83 |
| Max drawdown (3Y) | -34.5% | -99.5% |
| Market cap | $26.5B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CPAY | RETO |
|---|---|---|
| 2022 | -17.9% | -75.9% |
| 2023 | +53.9% | -99.1% |
| 2024 | +19.7% | -74.9% |
| 2025 | -11.1% | -57.1% |
| 2026 | +34.1% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and RETO good diversifiers for each other?
Yes. With a correlation of -0.15, CPAY and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPAY and RETO?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with 0.02 over the last year and -0.09 over 5 years.
Is RETO a good diversifier for CPAY?
Yes. With a correlation of -0.15, CPAY and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 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/cpay-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpay-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPAY correlations · RETO correlations
