HPE vs RETO: Correlation
How closely do Hewlett Packard Enterprise (HPE) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPE and RETO?
On 3 years of weekly data the HPE/RETO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.25). The 5-year figure is -0.20, and annualized covariance runs at -4430.1 %².
By 3-year correlation, RETO places #23 of the 28 assets tracked against HPE. Their recent paths diverged sharply: over the last 12 months HPE outperformed by 240.7 percentage points (+144.4% for HPE against -96.3% for RETO). Note the risk asymmetry: RETO runs 9.1 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.
HPE vs RETO: side by side
| HPE (Hewlett Packard Enterprise) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +144.4% | -96.3% |
| 5-year return | +309.3% | -100.0% |
| Volatility (ann.) | 43.8% | 399.9% |
| Beta vs S&P 500 | 1.47 | -2.83 |
| Max drawdown (3Y) | -48.4% | -99.5% |
| Market cap | $72.0B | – |
| P/E (trailing) | 51.3 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | HPE | RETO |
|---|---|---|
| 2022 | +4.5% | -75.9% |
| 2023 | +9.7% | -99.1% |
| 2024 | +29.1% | -74.9% |
| 2025 | +15.5% | -57.1% |
| 2026 | +128.6% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPE and RETO good diversifiers for each other?
Yes. With a correlation of -0.25, HPE and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HPE and RETO?
The HPE/RETO correlation stands at -0.25 on a 3-year window (1 year: -0.00, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is RETO a good diversifier for HPE?
Yes. With a correlation of -0.25, HPE and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hpe-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpe-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HPE correlations · RETO correlations
