ETR vs RETO: Correlation
How closely do Entergy (ETR) 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 ETR and RETO?
On 3 years of weekly data the ETR/RETO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.21). The 5-year figure is -0.13, and annualized covariance runs at -1670.1 %².
Within ETR's tracked universe of 38 assets, RETO comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ETR ahead by 118.2 points (+21.9% versus -96.3%). Note the risk asymmetry: RETO runs 20.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ETR vs RETO: side by side
| ETR (Entergy) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +21.9% | -96.3% |
| 5-year return | +132.0% | -100.0% |
| Volatility (ann.) | 19.7% | 399.9% |
| Beta vs S&P 500 | 0.22 | -2.83 |
| Max drawdown (3Y) | -10.6% | -99.5% |
| Market cap | $49.7B | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ETR | RETO |
|---|---|---|
| 2022 | +3.6% | -75.9% |
| 2023 | -6.1% | -99.1% |
| 2024 | +56.0% | -74.9% |
| 2025 | +25.3% | -57.1% |
| 2026 | +17.3% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and RETO good diversifiers for each other?
Yes. With a correlation of -0.21, ETR and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ETR and RETO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.05 over the last year and -0.13 over 5 years.
Is RETO a good diversifier for ETR?
Yes. With a correlation of -0.21, ETR and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/etr-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etr-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETR correlations · RETO correlations
