RETO vs SPG: Correlation
ReTo Eco-Solutions, Inc. - Class A Shares (RETO) and Simon Property Group (SPG) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RETO and SPG?
Over the past 3 years, RETO and SPG moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.17). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -1538.0 %².
Within RETO's tracked universe of 63 assets, SPG comes in at #22 by 3-year correlation. The last year tells two different stories: SPG led by 122.6 percentage points, -96.3% for RETO against +26.3% for SPG. One caveat on sizing: RETO is 17.6 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.
RETO vs SPG: side by side
| RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | -96.3% | +26.3% |
| 5-year return | -100.0% | +110.2% |
| Volatility (ann.) | 399.9% | 22.7% |
| Beta vs S&P 500 | -2.83 | 0.79 |
| Max drawdown (3Y) | -99.5% | -24.3% |
| Market cap | – | $81.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 4.05% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | RETO | SPG |
|---|---|---|
| 2022 | -75.9% | -21.9% |
| 2023 | -99.1% | +29.2% |
| 2024 | -74.9% | +26.9% |
| 2025 | -57.1% | +12.9% |
| 2026 | -81.7% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RETO and SPG good diversifiers for each other?
Yes. With a correlation of -0.17, RETO and SPG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RETO and SPG?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.08 over the last year and -0.07 over 5 years.
Is SPG a good diversifier for RETO?
Yes. With a correlation of -0.17, RETO and SPG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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/reto-vs-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reto-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RETO correlations · SPG correlations
