DAR vs RETO: Correlation
How closely do Darling Ingredients Inc. (DAR) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAR and RETO?
Across a 3-year window, the weekly returns of DAR and RETO correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -3163.0 %².
Among the 13 assets we track against DAR, RETO sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months DAR outperformed by 174.6 percentage points (+78.3% for DAR against -96.3% for RETO). Risk is not evenly split, since RETO carries 10.6 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.
DAR vs RETO: side by side
| DAR (Darling Ingredients Inc.) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +78.3% | -96.3% |
| 5-year return | -19.2% | -100.0% |
| Volatility (ann.) | 37.8% | 399.9% |
| Beta vs S&P 500 | 0.63 | -2.83 |
| Max drawdown (3Y) | -56.0% | -99.5% |
| Market cap | $9.7B | – |
| P/E (trailing) | 16.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAR | RETO |
|---|---|---|
| 2022 | -9.7% | -75.9% |
| 2023 | -20.4% | -99.1% |
| 2024 | -32.4% | -74.9% |
| 2025 | +6.9% | -57.1% |
| 2026 | +70.5% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAR and RETO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between DAR and RETO?
The DAR/RETO correlation stands at -0.21 on a 3-year window (1 year: -0.11, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is RETO a good diversifier for DAR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/dar-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dar-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAR correlations · RETO correlations
