EQIX vs NRT: Correlation
Equinix (EQIX) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and NRT?
Over the past 3 years, EQIX and NRT moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is -172.6 %².
Among the 30 assets we track against EQIX, NRT ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NRT ahead by 46.1 points (+39.1% versus +85.2%). Note the risk asymmetry: NRT runs 2.1 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.
EQIX vs NRT: side by side
| EQIX (Equinix) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +39.1% | +85.2% |
| 5-year return | +41.6% | +131.5% |
| Volatility (ann.) | 24.4% | 51.6% |
| Beta vs S&P 500 | 0.63 | -0.42 |
| Max drawdown (3Y) | -24.6% | -66.1% |
| Market cap | $106.2B | $0.1B |
| P/E (trailing) | 69.4 | 8.4 |
| Dividend yield | 1.82% | 11.95% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | NRT |
|---|---|---|
| 2022 | -21.1% | +41.9% |
| 2023 | +25.4% | -46.5% |
| 2024 | +19.5% | -25.3% |
| 2025 | -16.9% | +88.4% |
| 2026 | +42.6% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and NRT 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 NRT?
The EQIX/NRT correlation stands at -0.14 on a 3-year window (1 year: -0.17, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is NRT 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-nrt.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQIX correlations · NRT correlations
