NI vs RETO: Correlation
NiSource (NI) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NI and RETO?
Over the past 3 years, NI and RETO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1433.7 %².
Among the 38 assets we track against NI, RETO ranks #32 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NI outperformed by 95.4 percentage points (-0.9% for NI against -96.3% for RETO). Risk is not evenly split, since RETO carries 22.5 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.
NI vs RETO: side by side
| NI (NiSource) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | -0.9% | -96.3% |
| 5-year return | +94.6% | -100.0% |
| Volatility (ann.) | 17.8% | 399.9% |
| Beta vs S&P 500 | 0.26 | -2.83 |
| Max drawdown (3Y) | -16.7% | -99.5% |
| Market cap | $19.6B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.41% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | NI | RETO |
|---|---|---|
| 2022 | +2.7% | -75.9% |
| 2023 | +0.5% | -99.1% |
| 2024 | +43.5% | -74.9% |
| 2025 | +16.8% | -57.1% |
| 2026 | +0.0% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NI and RETO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between NI and RETO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.13 over the last year and -0.12 over 5 years.
Is RETO a good diversifier for NI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/ni-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ni-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NI correlations · RETO correlations
