GS vs RETO: Correlation
Goldman Sachs (GS) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and RETO?
Across a 3-year window, the weekly returns of GS and RETO correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.22). Stretching to 5 years gives -0.13, with an annualized covariance of -2387.7 %².
Out of 41 assets tracked against GS, RETO lands near the bottom at #37. The last year tells two different stories: GS led by 137.9 percentage points, +41.6% for GS against -96.3% for RETO. One caveat on sizing: RETO is 14.8 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.
GS vs RETO: side by side
| GS (Goldman Sachs) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +41.6% | -96.3% |
| 5-year return | +184.1% | -100.0% |
| Volatility (ann.) | 27.0% | 399.9% |
| Beta vs S&P 500 | 1.34 | -2.83 |
| Max drawdown (3Y) | -30.9% | -99.5% |
| Market cap | $303.1B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 1.63% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GS | RETO |
|---|---|---|
| 2022 | -7.9% | -75.9% |
| 2023 | +15.9% | -99.1% |
| 2024 | +52.0% | -74.9% |
| 2025 | +56.6% | -57.1% |
| 2026 | +19.6% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GS and RETO good diversifiers for each other?
Yes. With a correlation of -0.22, GS and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GS and RETO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.00 over the last year and -0.13 over 5 years.
Is RETO a good diversifier for GS?
Yes. With a correlation of -0.22, GS and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/gs-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gs-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GS correlations · RETO correlations
