RETO vs TXNM: Correlation
How closely do ReTo Eco-Solutions, Inc. - Class A Shares (RETO) and TXNM Energy, Inc. (TXNM) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RETO and TXNM?
Across a 3-year window, the weekly returns of RETO and TXNM correlate at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.20) runs above the 3-year figure (-0.31). Stretching to 5 years gives -0.21, with an annualized covariance of -2112.6 %².
Out of 63 assets tracked against RETO, TXNM lands near the bottom at #60. The last year tells two different stories: TXNM led by 100.8 percentage points, -96.3% for RETO against +4.5% for TXNM. Note the risk asymmetry: RETO runs 23.4 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 TXNM: side by side
| RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | TXNM (TXNM Energy, Inc.) | |
|---|---|---|
| 1-year return | -96.3% | +4.5% |
| 5-year return | -100.0% | +36.1% |
| Volatility (ann.) | 399.9% | 17.1% |
| Beta vs S&P 500 | -2.83 | 0.10 |
| Max drawdown (3Y) | -99.5% | -21.0% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | 31.4 |
| Dividend yield | 0.00% | 2.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RETO | TXNM |
|---|---|---|
| 2022 | -75.9% | +10.2% |
| 2023 | -99.1% | -12.0% |
| 2024 | -74.9% | +23.0% |
| 2025 | -57.1% | +23.4% |
| 2026 | -81.7% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RETO and TXNM good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RETO and TXNM?
The RETO/TXNM correlation stands at -0.31 on a 3-year window (1 year: -0.20, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is TXNM a good diversifier for RETO?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/reto-vs-txnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reto-vs-txnm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RETO correlations · TXNM correlations
