EQIX vs SERA: Correlation
Measured on weekly returns over the past three years, Equinix (EQIX) and Sera Prognostics, Inc. (SERA) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and SERA?
On 3 years of weekly data the EQIX/SERA correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.15). The 5-year figure is -0.06, and annualized covariance runs at -451.7 %².
Among the 30 assets we track against EQIX, SERA ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQIX ahead by 67.6 points (+39.1% versus -28.5%). One caveat on sizing: SERA is 5.1 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 SERA: side by side
| EQIX (Equinix) | SERA (Sera Prognostics, Inc.) | |
|---|---|---|
| 1-year return | +39.1% | -28.5% |
| 5-year return | +41.6% | -79.2% |
| Volatility (ann.) | 24.4% | 125.6% |
| Beta vs S&P 500 | 0.63 | 1.29 |
| Max drawdown (3Y) | -24.6% | -87.3% |
| Market cap | $106.2B | $0.1B |
| P/E (trailing) | 69.4 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | SERA |
|---|---|---|
| 2022 | -21.1% | -81.7% |
| 2023 | +25.4% | +374.6% |
| 2024 | +19.5% | +36.1% |
| 2025 | -16.9% | -63.8% |
| 2026 | +42.6% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and SERA good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQIX and SERA?
As of 2026-08-27, the correlation of weekly returns between EQIX and SERA is -0.15 over 3 years, 0.11 over 1 year and -0.06 over 5 years.
Is SERA a good diversifier for EQIX?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eqix-vs-sera.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqix-vs-sera/)
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Related comparisons
Hubs: EQIX correlations · SERA correlations
