EQIX vs RSP: Correlation
Measured on weekly returns over the past three years, Equinix (EQIX) and Invesco S&P 500 Equal Weight ETF (RSP) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and RSP?
Over the past 3 years, EQIX and RSP moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.43). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 138.4 %².
By 3-year correlation, RSP places #14 of the 30 assets tracked against EQIX. Correlation aside, the last 12 months split them widely, with EQIX ahead by 19.9 points (+39.1% versus +19.2%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.12 to 0.78. One caveat on sizing: EQIX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RSP: side by side
| EQIX (Equinix) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +39.1% | +19.2% |
| 5-year return | +41.6% | +53.9% |
| Volatility (ann.) | 24.4% | 13.2% |
| Beta vs S&P 500 | 0.63 | 0.77 |
| Max drawdown (3Y) | -24.6% | -17.8% |
| Market cap | $106.2B | – |
| P/E (trailing) | 69.4 | – |
| Dividend yield | 1.82% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | Real Estate | ETF · US Large Cap |
On the fund side, RSP sits in the Large Blend category at Invesco, with $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | EQIX | RSP |
|---|---|---|
| 2022 | -21.1% | -11.6% |
| 2023 | +25.4% | +13.7% |
| 2024 | +19.5% | +12.8% |
| 2025 | -16.9% | +11.2% |
| 2026 | +42.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that RSP holds EQIX at a 0.19% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are EQIX and RSP good diversifiers for each other?
Reasonably. At 0.43, EQIX and RSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQIX and RSP?
As of 2026-08-27, the correlation of weekly returns between EQIX and RSP is 0.43 over 3 years, 0.14 over 1 year and 0.53 over 5 years.
Is RSP a good diversifier for EQIX?
Reasonably. At 0.43, EQIX and RSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqix-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQIX correlations · RSP correlations
