RETO vs TRGP: Correlation
How closely do ReTo Eco-Solutions, Inc. - Class A Shares (RETO) and Targa Resources (TRGP) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RETO and TRGP?
Across a 3-year window, the weekly returns of RETO and TRGP correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -2404.7 %².
Within RETO's tracked universe of 63 assets, TRGP comes in at #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRGP ahead by 175.0 points (-96.3% versus +78.7%). Risk is not evenly split, since RETO carries 12.7 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.
RETO vs TRGP: side by side
| RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | TRGP (Targa Resources) | |
|---|---|---|
| 1-year return | -96.3% | +78.7% |
| 5-year return | -100.0% | +626.8% |
| Volatility (ann.) | 399.9% | 31.5% |
| Beta vs S&P 500 | -2.83 | 0.44 |
| Max drawdown (3Y) | -99.5% | -31.6% |
| Market cap | – | $62.0B |
| P/E (trailing) | – | 28.1 |
| Dividend yield | 0.00% | 1.53% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | RETO | TRGP |
|---|---|---|
| 2022 | -75.9% | +43.7% |
| 2023 | -99.1% | +21.0% |
| 2024 | -74.9% | +110.1% |
| 2025 | -57.1% | +5.7% |
| 2026 | -81.7% | +58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RETO and TRGP good diversifiers for each other?
Yes. With a correlation of -0.19, RETO and TRGP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RETO and TRGP?
As of 2026-08-27, the correlation of weekly returns between RETO and TRGP is -0.19 over 3 years, -0.14 over 1 year and -0.12 over 5 years.
Is TRGP a good diversifier for RETO?
Yes. With a correlation of -0.19, RETO and TRGP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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
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Related comparisons
Hubs: RETO correlations · TRGP correlations
