ECF vs EQIX: Correlation
Measured on weekly returns over the past three years, Ellsworth Growth and Income Fund Ltd. (ECF) and Equinix (EQIX) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECF and EQIX?
Over the past 3 years, ECF and EQIX moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 174.5 %².
Among the 19 assets we track against ECF, EQIX ranks #14 by 3-year correlation. The last year tells two different stories: EQIX led by 16.2 percentage points, +22.9% for ECF against +39.1% for EQIX.
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.
ECF vs EQIX: side by side
| ECF (Ellsworth Growth and Income Fund Ltd.) | EQIX (Equinix) | |
|---|---|---|
| 1-year return | +22.9% | +39.1% |
| 5-year return | +25.8% | +41.6% |
| Volatility (ann.) | 16.5% | 24.4% |
| Beta vs S&P 500 | 0.71 | 0.63 |
| Max drawdown (3Y) | -16.8% | -24.6% |
| Market cap | $0.2B | $106.2B |
| P/E (trailing) | 3.9 | 69.4 |
| Dividend yield | 7.38% | 1.82% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ECF | EQIX |
|---|---|---|
| 2022 | -31.6% | -21.1% |
| 2023 | +8.0% | +25.4% |
| 2024 | +27.5% | +19.5% |
| 2025 | +30.0% | -16.9% |
| 2026 | +10.6% | +42.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECF and EQIX good diversifiers for each other?
Reasonably. At 0.43, ECF and EQIX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECF and EQIX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.44 over the last year and 0.51 over 5 years.
Is EQIX a good diversifier for ECF?
Reasonably. At 0.43, ECF and EQIX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecf-vs-eqix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecf-vs-eqix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECF correlations · EQIX correlations
