EQIX vs REG: Correlation
Equinix (EQIX) and Regency Centers (REG) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and REG?
Over the past 3 years, EQIX and REG moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 168.4 %².
Among the 30 assets we track against EQIX, REG ranks #18 by 3-year correlation. The last year tells two different stories: EQIX led by 30.7 percentage points, +39.1% for EQIX against +8.4% for REG. The relationship is regime-dependent: the rolling one-year correlation swung between 0.14 and 0.67 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 REG: side by side
| EQIX (Equinix) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +39.1% | +8.4% |
| 5-year return | +41.6% | +35.2% |
| Volatility (ann.) | 24.4% | 17.8% |
| Beta vs S&P 500 | 0.63 | 0.34 |
| Max drawdown (3Y) | -24.6% | -15.1% |
| Market cap | $106.2B | $14.1B |
| P/E (trailing) | 69.4 | 25.5 |
| Dividend yield | 1.82% | 3.89% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | EQIX | REG |
|---|---|---|
| 2022 | -21.1% | -13.6% |
| 2023 | +25.4% | +11.9% |
| 2024 | +19.5% | +14.9% |
| 2025 | -16.9% | -2.8% |
| 2026 | +42.6% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and REG good diversifiers for each other?
Reasonably. At 0.39, EQIX and REG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQIX and REG?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.14 over the last year and 0.48 over 5 years.
Is REG a good diversifier for EQIX?
Reasonably. At 0.39, EQIX and REG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EQIX correlations · REG correlations
