EQIX vs VNQ: Correlation
Equinix (EQIX) and Vanguard Real Estate ETF (VNQ) 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 VNQ?
Over the past 3 years, EQIX and VNQ moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 215.3 %².
Among the 30 assets we track against EQIX, VNQ ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 28.8 percentage points (+39.1% for EQIX against +10.3% for VNQ). The relationship is regime-dependent: the rolling one-year correlation swung between 0.28 and 0.90 over the past three years, so this pair behaves very differently depending on the market environment.
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 VNQ: side by side
| EQIX (Equinix) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +39.1% | +10.3% |
| 5-year return | +41.6% | +9.5% |
| Volatility (ann.) | 24.4% | 16.6% |
| Beta vs S&P 500 | 0.63 | 0.59 |
| Max drawdown (3Y) | -24.6% | -17.5% |
| Market cap | $106.2B | – |
| P/E (trailing) | 69.4 | – |
| Dividend yield | 1.82% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Real Estate | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | EQIX | VNQ |
|---|---|---|
| 2022 | -21.1% | -26.3% |
| 2023 | +25.4% | +11.9% |
| 2024 | +19.5% | +4.8% |
| 2025 | -16.9% | +3.2% |
| 2026 | +42.6% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
EQIX represents 5.25% of VNQ's portfolio, so part of any move in VNQ is EQIX itself, and the correlation between them is partly mechanical.
Are EQIX and VNQ good diversifiers for each other?
Only partially. A correlation of 0.53 means EQIX and VNQ 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 VNQ?
As of 2026-08-27, the correlation of weekly returns between EQIX and VNQ is 0.53 over 3 years, 0.27 over 1 year and 0.67 over 5 years.
Is VNQ a good diversifier for EQIX?
Only partially. A correlation of 0.53 means EQIX and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqix-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQIX correlations · VNQ correlations
