NTRS vs RETO: Correlation
Measured on weekly returns over the past three years, Northern Trust (NTRS) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRS and RETO?
On 3 years of weekly data the NTRS/RETO correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.16). The 5-year figure is -0.07, and annualized covariance runs at -1510.6 %².
Among the 33 assets we track against NTRS, RETO sits near the bottom by co-movement, at rank #29. The last year tells two different stories: NTRS led by 141.1 percentage points, +44.8% for NTRS against -96.3% for RETO. One caveat on sizing: RETO is 16.9 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.
NTRS vs RETO: side by side
| NTRS (Northern Trust) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +44.8% | -96.3% |
| 5-year return | +83.2% | -100.0% |
| Volatility (ann.) | 23.7% | 399.9% |
| Beta vs S&P 500 | 1.08 | -2.83 |
| Max drawdown (3Y) | -25.2% | -99.5% |
| Market cap | $34.1B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 1.71% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | NTRS | RETO |
|---|---|---|
| 2022 | -23.8% | -75.9% |
| 2023 | -1.0% | -99.1% |
| 2024 | +25.6% | -74.9% |
| 2025 | +36.9% | -57.1% |
| 2026 | +37.8% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRS and RETO good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between NTRS and RETO?
The NTRS/RETO correlation stands at -0.16 on a 3-year window (1 year: -0.05, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is RETO a good diversifier for NTRS?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/ntrs-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntrs-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTRS correlations · RETO correlations
