NRG vs RETO: Correlation
Measured on weekly returns over the past three years, NRG Energy (NRG) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRG and RETO?
On 3 years of weekly data the NRG/RETO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.24 over 3. The 5-year figure is -0.19, and annualized covariance runs at -4214.5 %².
Among the 31 assets we track against NRG, RETO sits near the bottom by co-movement, at rank #27. The last year tells two different stories: NRG led by 74.5 percentage points, -21.8% for NRG against -96.3% for RETO. One caveat on sizing: RETO is 9.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NRG vs RETO: side by side
| NRG (NRG Energy) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | -21.8% | -96.3% |
| 5-year return | +191.5% | -100.0% |
| Volatility (ann.) | 44.4% | 399.9% |
| Beta vs S&P 500 | 1.30 | -2.83 |
| Max drawdown (3Y) | -38.9% | -99.5% |
| Market cap | $24.1B | – |
| P/E (trailing) | 30.2 | – |
| Dividend yield | 1.61% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | NRG | RETO |
|---|---|---|
| 2022 | -23.5% | -75.9% |
| 2023 | +69.4% | -99.1% |
| 2024 | +78.6% | -74.9% |
| 2025 | +78.9% | -57.1% |
| 2026 | -27.5% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRG and RETO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRG and RETO?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.16 over the last year and -0.19 over 5 years.
Is RETO a good diversifier for NRG?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/nrg-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrg-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRG correlations · RETO correlations
