DLR vs EQIX: Correlation
Digital Realty (DLR) and Equinix (EQIX) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLR and EQIX?
Across a 3-year window, the weekly returns of DLR and EQIX correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 432.1 %².
Few assets follow DLR as closely as EQIX, which ranks #1 of 30 tracked partners. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 22.7 percentage points (+16.4% for DLR against +39.1% for EQIX). On a rolling one-year basis the correlation drifted between 0.46 and 0.79, a moderate band.
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.
DLR vs EQIX: side by side
| DLR (Digital Realty) | EQIX (Equinix) | |
|---|---|---|
| 1-year return | +16.4% | +39.1% |
| 5-year return | +40.3% | +41.6% |
| Volatility (ann.) | 27.1% | 24.4% |
| Beta vs S&P 500 | 0.73 | 0.63 |
| Max drawdown (3Y) | -29.4% | -24.6% |
| Market cap | $72.5B | $106.2B |
| P/E (trailing) | 94.2 | 69.4 |
| Dividend yield | 2.52% | 1.82% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | DLR | EQIX |
|---|---|---|
| 2022 | -41.0% | -21.1% |
| 2023 | +39.9% | +25.4% |
| 2024 | +35.9% | +19.5% |
| 2025 | -10.1% | -16.9% |
| 2026 | +25.8% | +42.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLR and EQIX good diversifiers for each other?
Only partially. A correlation of 0.65 means DLR and EQIX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DLR and EQIX?
The DLR/EQIX correlation stands at 0.65 on a 3-year window (1 year: 0.70, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is EQIX a good diversifier for DLR?
Only partially. A correlation of 0.65 means DLR and EQIX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/dlr-vs-eqix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dlr-vs-eqix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLR correlations · EQIX correlations
