EQIX vs PLD: Correlation
How closely do Equinix (EQIX) and Prologis (PLD) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and PLD?
Over the past 3 years, EQIX and PLD moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.40 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 251.2 %².
By 3-year correlation, PLD places #16 of the 30 assets tracked against EQIX. Over the last 12 months EQIX came out ahead by 9.1 percentage points (+39.1% against +30.0%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.16 and 0.85 over the past three years, so this pair behaves very differently depending on the market environment.
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 PLD: side by side
| EQIX (Equinix) | PLD (Prologis) | |
|---|---|---|
| 1-year return | +39.1% | +30.0% |
| 5-year return | +41.6% | +22.5% |
| Volatility (ann.) | 24.4% | 25.8% |
| Beta vs S&P 500 | 0.63 | 0.90 |
| Max drawdown (3Y) | -24.6% | -31.4% |
| Market cap | $106.2B | $137.9B |
| P/E (trailing) | 69.4 | 31.7 |
| Dividend yield | 1.82% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | EQIX | PLD |
|---|---|---|
| 2022 | -21.1% | -31.3% |
| 2023 | +25.4% | +21.6% |
| 2024 | +19.5% | -18.1% |
| 2025 | -16.9% | +25.1% |
| 2026 | +42.6% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and PLD good diversifiers for each other?
Reasonably. At 0.40, EQIX and PLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQIX and PLD?
As of 2026-08-27, the correlation of weekly returns between EQIX and PLD is 0.40 over 3 years, 0.16 over 1 year and 0.56 over 5 years.
Is PLD a good diversifier for EQIX?
Reasonably. At 0.40, EQIX and PLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/eqix-vs-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqix-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQIX correlations · PLD correlations
