EQIX vs RFI: Correlation
How closely do Equinix (EQIX) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and RFI?
On 3 years of weekly data the EQIX/RFI correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.51). The 5-year figure is 0.52, and annualized covariance runs at 224.1 %².
Among the 30 assets we track against EQIX, RFI ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 35.4 percentage points (+39.1% for EQIX against +3.7% for RFI).
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 RFI: side by side
| EQIX (Equinix) | RFI (Cohen & Steers Total Return Realty Fund, Inc.) | |
|---|---|---|
| 1-year return | +39.1% | +3.7% |
| 5-year return | +41.6% | +5.1% |
| Volatility (ann.) | 24.4% | 18.1% |
| Beta vs S&P 500 | 0.63 | 0.57 |
| Max drawdown (3Y) | -24.6% | -16.2% |
| Market cap | $106.2B | – |
| P/E (trailing) | 69.4 | 27.1 |
| Dividend yield | 1.82% | 8.41% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | RFI |
|---|---|---|
| 2022 | -21.1% | -22.1% |
| 2023 | +25.4% | +4.4% |
| 2024 | +19.5% | +6.6% |
| 2025 | -16.9% | +3.6% |
| 2026 | +42.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and RFI good diversifiers for each other?
Only partially. A correlation of 0.51 means EQIX and RFI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EQIX and RFI?
The EQIX/RFI correlation stands at 0.51 on a 3-year window (1 year: 0.38, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is RFI a good diversifier for EQIX?
Only partially. A correlation of 0.51 means EQIX and RFI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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-rfi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqix-vs-rfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQIX correlations · RFI correlations
