EQIX vs UTG: Correlation
Measured on weekly returns over the past three years, Equinix (EQIX) and Reaves Utility Income Fund (UTG) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and UTG?
On 3 years of weekly data the EQIX/UTG correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.54 over 3. The 5-year figure is 0.59, and annualized covariance runs at 249.4 %².
By 3-year correlation, UTG places #4 of the 30 assets tracked against EQIX. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 32.3 percentage points (+39.1% for EQIX against +6.8% for UTG).
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 UTG: side by side
| EQIX (Equinix) | UTG (Reaves Utility Income Fund) | |
|---|---|---|
| 1-year return | +39.1% | +6.8% |
| 5-year return | +41.6% | +53.5% |
| Volatility (ann.) | 24.4% | 19.1% |
| Beta vs S&P 500 | 0.63 | 0.67 |
| Max drawdown (3Y) | -24.6% | -14.9% |
| Market cap | $106.2B | $3.5B |
| P/E (trailing) | 69.4 | 2.8 |
| Dividend yield | 1.82% | 6.17% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | UTG |
|---|---|---|
| 2022 | -21.1% | -13.4% |
| 2023 | +25.4% | +2.8% |
| 2024 | +19.5% | +28.1% |
| 2025 | -16.9% | +23.2% |
| 2026 | +42.6% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and UTG good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EQIX and UTG?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.55 over the last year and 0.59 over 5 years.
Is UTG a good diversifier for EQIX?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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-utg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqix-vs-utg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQIX correlations · UTG correlations
