MTUM vs RETO: Correlation
iShares MSCI USA Momentum Factor ETF (MTUM) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTUM and RETO?
Across a 3-year window, the weekly returns of MTUM and RETO correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.19 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -1537.3 %².
By 3-year correlation, RETO places #104 of the 109 assets tracked against MTUM. Correlation aside, the last 12 months split them widely, with MTUM ahead by 121.5 points (+25.2% versus -96.3%). Risk is not evenly split, since RETO carries 19.4 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.
MTUM vs RETO: side by side
| MTUM (iShares MSCI USA Momentum Factor ETF) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +25.2% | -96.3% |
| 5-year return | +76.1% | -100.0% |
| Volatility (ann.) | 20.6% | 399.9% |
| Beta vs S&P 500 | 1.25 | -2.83 |
| Max drawdown (3Y) | -21.0% | -99.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.62% | 0.00% |
| Expense ratio | 0.15% | – |
| Assets under management | $25.3B | – |
| Sector / category | ETF · US Style | US Listed |
On the fund side, MTUM sits in the Large Blend category at iShares, with $25.3B under management, 126 holdings, a 0.15% expense ratio, a 0.62% trailing dividend yield.
Year-by-year returns
| Year | MTUM | RETO |
|---|---|---|
| 2022 | -18.3% | -75.9% |
| 2023 | +9.1% | -99.1% |
| 2024 | +32.9% | -74.9% |
| 2025 | +22.1% | -57.1% |
| 2026 | +21.8% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTUM and RETO good diversifiers for each other?
Yes. With a correlation of -0.19, MTUM and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MTUM and RETO?
As of 2026-08-27, the correlation of weekly returns between MTUM and RETO is -0.19 over 3 years, -0.04 over 1 year and -0.11 over 5 years.
Is RETO a good diversifier for MTUM?
Yes. With a correlation of -0.19, MTUM and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/mtum-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtum-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTUM correlations · RETO correlations
