EQIX vs RQI: Correlation
Equinix (EQIX) and Cohen & Steers Quality Income Realty Fund Inc (RQI) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and RQI?
Across a 3-year window, the weekly returns of EQIX and RQI correlate at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.37 versus 0.53 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 278.4 %².
Among the 30 assets we track against EQIX, RQI ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 30.5 percentage points (+39.1% for EQIX against +8.6% for RQI).
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 RQI: side by side
| EQIX (Equinix) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +39.1% | +8.6% |
| 5-year return | +41.6% | +16.3% |
| Volatility (ann.) | 24.4% | 21.6% |
| Beta vs S&P 500 | 0.63 | 0.77 |
| Max drawdown (3Y) | -24.6% | -21.0% |
| Market cap | $106.2B | $1.7B |
| P/E (trailing) | 69.4 | 35.2 |
| Dividend yield | 1.82% | 7.74% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | RQI |
|---|---|---|
| 2022 | -21.1% | -31.1% |
| 2023 | +25.4% | +15.7% |
| 2024 | +19.5% | +8.0% |
| 2025 | -16.9% | +2.1% |
| 2026 | +42.6% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and RQI good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EQIX and RQI?
As of 2026-08-27, the correlation of weekly returns between EQIX and RQI is 0.53 over 3 years, 0.37 over 1 year and 0.61 over 5 years.
Is RQI a good diversifier for EQIX?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqix-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQIX correlations · RQI correlations
