EQIX vs PSA: Correlation
Measured on weekly returns over the past three years, Equinix (EQIX) and Public Storage (PSA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and PSA?
Across a 3-year window, the weekly returns of EQIX and PSA correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.39 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 219.4 %².
Within EQIX's tracked universe of 30 assets, PSA comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 27.8 percentage points (+39.1% for EQIX against +11.3% for PSA). This link changes with the market regime, having swung between 0.18 and 0.78 on a rolling one-year basis.
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 PSA: side by side
| EQIX (Equinix) | PSA (Public Storage) | |
|---|---|---|
| 1-year return | +39.1% | +11.3% |
| 5-year return | +41.6% | +20.9% |
| Volatility (ann.) | 24.4% | 23.0% |
| Beta vs S&P 500 | 0.63 | 0.59 |
| Max drawdown (3Y) | -24.6% | -25.6% |
| Market cap | $106.2B | $58.1B |
| P/E (trailing) | 69.4 | 30.3 |
| Dividend yield | 1.82% | 3.78% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | EQIX | PSA |
|---|---|---|
| 2022 | -21.1% | -20.2% |
| 2023 | +25.4% | +13.6% |
| 2024 | +19.5% | +2.1% |
| 2025 | -16.9% | -9.7% |
| 2026 | +42.6% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and PSA good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EQIX and PSA?
As of 2026-08-27, the correlation of weekly returns between EQIX and PSA is 0.39 over 3 years, 0.22 over 1 year and 0.49 over 5 years.
Is PSA a good diversifier for EQIX?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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-psa.json
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[](https://www.pairbook.io/pair/eqix-vs-psa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQIX correlations · PSA correlations
