EQIX vs JRS: Correlation
Measured on weekly returns over the past three years, Equinix (EQIX) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and JRS?
Across a 3-year window, the weekly returns of EQIX and JRS correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.48 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 245.0 %².
By 3-year correlation, JRS places #8 of the 30 assets tracked against EQIX. The last year tells two different stories: EQIX led by 24.7 percentage points, +39.1% for EQIX against +14.4% for JRS.
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 JRS: side by side
| EQIX (Equinix) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +39.1% | +14.4% |
| 5-year return | +41.6% | +13.5% |
| Volatility (ann.) | 24.4% | 21.1% |
| Beta vs S&P 500 | 0.63 | 0.79 |
| Max drawdown (3Y) | -24.6% | -25.3% |
| Market cap | $106.2B | – |
| P/E (trailing) | 69.4 | – |
| Dividend yield | 1.82% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | JRS |
|---|---|---|
| 2022 | -21.1% | -35.6% |
| 2023 | +25.4% | +13.4% |
| 2024 | +19.5% | +19.7% |
| 2025 | -16.9% | -3.4% |
| 2026 | +42.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and JRS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EQIX and JRS?
The EQIX/JRS correlation stands at 0.48 on a 3-year window (1 year: 0.21, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is JRS a good diversifier for EQIX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/eqix-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqix-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQIX correlations · JRS correlations
