MLR vs RETO: Correlation
How closely do Miller Industries, Inc. (MLR) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLR and RETO?
Across a 3-year window, the weekly returns of MLR and RETO correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.30). Stretching to 5 years gives -0.21, with an annualized covariance of -3802.2 %².
Out of 14 assets tracked against MLR, RETO lands near the bottom at #12. The last year tells two different stories: MLR led by 129.7 percentage points, +33.4% for MLR against -96.3% for RETO. Risk is not evenly split, since RETO carries 12.5 times the volatility of the other side.
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.
MLR vs RETO: side by side
| MLR (Miller Industries, Inc.) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +33.4% | -96.3% |
| 5-year return | +70.2% | -100.0% |
| Volatility (ann.) | 31.9% | 399.9% |
| Beta vs S&P 500 | 0.88 | -2.83 |
| Max drawdown (3Y) | -52.7% | -99.5% |
| Market cap | $0.7B | – |
| P/E (trailing) | 46.3 | – |
| Dividend yield | 1.43% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLR | RETO |
|---|---|---|
| 2022 | -17.9% | -75.9% |
| 2023 | +61.8% | -99.1% |
| 2024 | +56.6% | -74.9% |
| 2025 | -41.7% | -57.1% |
| 2026 | +56.2% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLR and RETO good diversifiers for each other?
Yes. With a correlation of -0.30, MLR and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLR and RETO?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.06 over the last year and -0.21 over 5 years.
Is RETO a good diversifier for MLR?
Yes. With a correlation of -0.30, MLR and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/mlr-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mlr-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MLR correlations · RETO correlations
