MS vs RETO: Correlation
How closely do Morgan Stanley (MS) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MS and RETO?
Over the past 3 years, MS and RETO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.08) than the 3-year average (-0.21). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -2377.1 %².
RETO is close to the least connected end of MS's tracked universe, ranking #42 of 46. Correlation aside, the last 12 months split them widely, with MS ahead by 143.4 points (+47.1% versus -96.3%). Note the risk asymmetry: RETO runs 14.1 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.
MS vs RETO: side by side
| MS (Morgan Stanley) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +47.1% | -96.3% |
| 5-year return | +142.0% | -100.0% |
| Volatility (ann.) | 28.3% | 399.9% |
| Beta vs S&P 500 | 1.43 | -2.83 |
| Max drawdown (3Y) | -29.2% | -99.5% |
| Market cap | $337.5B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 1.94% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MS | RETO |
|---|---|---|
| 2022 | -10.3% | -75.9% |
| 2023 | +13.9% | -99.1% |
| 2024 | +39.7% | -74.9% |
| 2025 | +45.2% | -57.1% |
| 2026 | +23.0% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MS and RETO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MS and RETO?
As of 2026-08-27, the correlation of weekly returns between MS and RETO is -0.21 over 3 years, 0.08 over 1 year and -0.14 over 5 years.
Is RETO a good diversifier for MS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/ms-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ms-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MS correlations · RETO correlations
