EQIX vs HERZ: Correlation
How closely do Equinix (EQIX) and Herzfeld Credit Income Fund, Inc. - Closed End Fund (HERZ) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and HERZ?
On 3 years of weekly data the EQIX/HERZ correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.14 over 3 years. The 5-year figure is 0.04, and annualized covariance runs at -121.8 %².
Within EQIX's tracked universe of 30 assets, HERZ comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQIX ahead by 17.1 points (+39.1% versus +22.0%).
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.
EQIX vs HERZ: side by side
| EQIX (Equinix) | HERZ (Herzfeld Credit Income Fund, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +39.1% | +22.0% |
| 5-year return | +41.6% | +1.5% |
| Volatility (ann.) | 24.4% | 35.4% |
| Beta vs S&P 500 | 0.63 | 0.10 |
| Max drawdown (3Y) | -24.6% | -41.6% |
| Market cap | $106.2B | – |
| P/E (trailing) | 69.4 | 80.0 |
| Dividend yield | 1.82% | 57.89% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | HERZ |
|---|---|---|
| 2022 | -21.1% | -20.4% |
| 2023 | +25.4% | -13.6% |
| 2024 | +19.5% | +2.9% |
| 2025 | -16.9% | +89.3% |
| 2026 | +42.6% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and HERZ good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQIX and HERZ?
As of 2026-08-27, the correlation of weekly returns between EQIX and HERZ is -0.14 over 3 years, -0.29 over 1 year and 0.04 over 5 years.
Is HERZ a good diversifier for EQIX?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 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
$ curl https://www.pairbook.io/api/v1/pairs/eqix-vs-herz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqix-vs-herz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQIX correlations · HERZ correlations
