COLL vs EQIX: Correlation
Collegium Pharmaceutical, Inc. (COLL) and Equinix (EQIX) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLL and EQIX?
Over the past 3 years, COLL and EQIX moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.00, and the annualized covariance of weekly returns is -152.3 %².
By 3-year correlation, EQIX places #9 of the 15 assets tracked against COLL. Correlation aside, the last 12 months split them widely, with EQIX ahead by 70.9 points (-31.8% versus +39.1%). Note the risk asymmetry: COLL runs 1.6 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.
COLL vs EQIX: side by side
| COLL (Collegium Pharmaceutical, Inc.) | EQIX (Equinix) | |
|---|---|---|
| 1-year return | -31.8% | +39.1% |
| 5-year return | +30.2% | +41.6% |
| Volatility (ann.) | 38.1% | 24.4% |
| Beta vs S&P 500 | 0.41 | 0.63 |
| Max drawdown (3Y) | -48.4% | -24.6% |
| Market cap | $0.8B | $106.2B |
| P/E (trailing) | 20.8 | 69.4 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | COLL | EQIX |
|---|---|---|
| 2022 | +24.2% | -21.1% |
| 2023 | +32.7% | +25.4% |
| 2024 | -6.9% | +19.5% |
| 2025 | +61.6% | -16.9% |
| 2026 | -42.9% | +42.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLL and EQIX good diversifiers for each other?
Yes. With a correlation of -0.16, COLL and EQIX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COLL and EQIX?
The COLL/EQIX correlation stands at -0.16 on a 3-year window (1 year: -0.25, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is EQIX a good diversifier for COLL?
Yes. With a correlation of -0.16, COLL and EQIX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/coll-vs-eqix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coll-vs-eqix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLL correlations · EQIX correlations
