JCI vs RETO: Correlation
How closely do Johnson Controls (JCI) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and RETO?
Across a 3-year window, the weekly returns of JCI and RETO correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -2132.9 %².
By 3-year correlation, RETO places #25 of the 32 assets tracked against JCI. The last year tells two different stories: JCI led by 127.2 percentage points, +30.9% for JCI against -96.3% for RETO. Note the risk asymmetry: RETO runs 14.2 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.
JCI vs RETO: side by side
| JCI (Johnson Controls) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +30.9% | -96.3% |
| 5-year return | +108.2% | -100.0% |
| Volatility (ann.) | 28.1% | 399.9% |
| Beta vs S&P 500 | 0.98 | -2.83 |
| Max drawdown (3Y) | -21.1% | -99.5% |
| Market cap | $86.1B | – |
| P/E (trailing) | 40.1 | – |
| Dividend yield | 1.11% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JCI | RETO |
|---|---|---|
| 2022 | -19.3% | -75.9% |
| 2023 | -7.6% | -99.1% |
| 2024 | +39.8% | -74.9% |
| 2025 | +53.0% | -57.1% |
| 2026 | +19.5% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and RETO good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JCI and RETO?
As of 2026-08-27, the correlation of weekly returns between JCI and RETO is -0.19 over 3 years, -0.21 over 1 year and -0.11 over 5 years.
Is RETO a good diversifier for JCI?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/jci-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jci-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JCI correlations · RETO correlations
