JPM vs RETO: Correlation
Measured on weekly returns over the past three years, JPMorgan Chase (JPM) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and RETO?
Over the past 3 years, JPM and RETO moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.22 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -2032.6 %².
Among the 36 assets we track against JPM, RETO ranks #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JPM ahead by 116.9 points (+20.6% versus -96.3%). Note the risk asymmetry: RETO runs 17.2 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.
JPM vs RETO: side by side
| JPM (JPMorgan Chase) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +20.6% | -96.3% |
| 5-year return | +150.2% | -100.0% |
| Volatility (ann.) | 23.2% | 399.9% |
| Beta vs S&P 500 | 1.01 | -2.83 |
| Max drawdown (3Y) | -24.4% | -99.5% |
| Market cap | $941.6B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 1.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JPM | RETO |
|---|---|---|
| 2022 | -12.6% | -75.9% |
| 2023 | +30.6% | -99.1% |
| 2024 | +44.3% | -74.9% |
| 2025 | +37.3% | -57.1% |
| 2026 | +11.5% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and RETO good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JPM and RETO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.10 over the last year and -0.13 over 5 years.
Is RETO a good diversifier for JPM?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
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/jpm-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jpm-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JPM correlations · RETO correlations
