OKE vs RETO: Correlation
How closely do Oneok (OKE) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKE and RETO?
On 3 years of weekly data the OKE/RETO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.22 over 3. The 5-year figure is -0.13, and annualized covariance runs at -2514.6 %².
Within OKE's tracked universe of 38 assets, RETO comes in at #32 by 3-year correlation. The last year tells two different stories: OKE led by 129.3 percentage points, +33.0% for OKE against -96.3% for RETO. Risk is not evenly split, since RETO carries 13.9 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.
OKE vs RETO: side by side
| OKE (Oneok) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +33.0% | -96.3% |
| 5-year return | +134.0% | -100.0% |
| Volatility (ann.) | 28.7% | 399.9% |
| Beta vs S&P 500 | 0.42 | -2.83 |
| Max drawdown (3Y) | -42.2% | -99.5% |
| Market cap | $59.7B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OKE | RETO |
|---|---|---|
| 2022 | +18.9% | -75.9% |
| 2023 | +13.2% | -99.1% |
| 2024 | +50.1% | -74.9% |
| 2025 | -22.9% | -57.1% |
| 2026 | +33.8% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKE and RETO good diversifiers for each other?
Yes. With a correlation of -0.22, OKE and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OKE and RETO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.12 over the last year and -0.13 over 5 years.
Is RETO a good diversifier for OKE?
Yes. With a correlation of -0.22, OKE and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oke-vs-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oke-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OKE correlations · RETO correlations
