RETO vs SPY: Correlation
Measured on weekly returns over the past three years, ReTo Eco-Solutions, Inc. - Class A Shares (RETO) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of -0.10, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RETO and SPY?
On 3 years of weekly data the RETO/SPY correlation comes out at -0.10, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.11 versus -0.10 over 3 years. The 5-year figure is -0.03, and annualized covariance runs at -590.9 %².
By 3-year correlation, SPY places #8 of the 63 assets tracked against RETO. The last year tells two different stories: SPY led by 116.9 percentage points, -96.3% for RETO against +20.6% for SPY. Note the risk asymmetry: RETO runs 27.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SPY: side by side
| RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -96.3% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 399.9% | 14.5% |
| Beta vs S&P 500 | -2.83 | 1.00 |
| Max drawdown (3Y) | -99.5% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | RETO | SPY |
|---|---|---|
| 2022 | -75.9% | -18.2% |
| 2023 | -99.1% | +26.2% |
| 2024 | -74.9% | +24.9% |
| 2025 | -57.1% | +17.7% |
| 2026 | -81.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RETO and SPY good diversifiers for each other?
Yes. With a correlation of -0.10, RETO and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RETO and SPY?
As of 2026-08-27, the correlation of weekly returns between RETO and SPY is -0.10 over 3 years, 0.11 over 1 year and -0.03 over 5 years.
Is SPY a good diversifier for RETO?
Yes. With a correlation of -0.10, RETO and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.10 mean?
A reading of -0.10 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RETO correlations · SPY correlations
