# How Equinix (EQIX) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/eqix
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on EQIX alone. It places EQIX (Equinix, Inc.) against 10 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where EQIX stands in the market, and of the alternatives worth a closer look.

Period covered: EQIX's full trading record, from August 2000 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** EQIX has gone against the market, falling 9.7% over the past 6 months while the S&P 500 rose 9.1%. Its data center reit peers were far apart over the past 6 months, from IRM (Iron Mountain, down 4.8%) to GDS (down 48.1%).
- **Stock or market?:** EQIX fell 2.5% over the past 3 months, 3.2 points ahead of the data center reits ETF SRVR (Pacer Data & Infrastructure Real Estate ETF), which fell 5.7%. The S&P 500 rose 3.9%. Its data center reit peers did not move as one over the past 3 months: DLR (Digital Realty Trust) rose 0.1%, while APLD (Applied Digital) fell 30.6%.
- **Past 1 to 3 years:** Over the past year, EQIX rose 22.2% against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. That said, EQIX finished behind the S&P 500 in both 2024 and 2025.
- **Long term:** EQIX turned $10,000 into $32,600 over the past decade, against $42,100 in the S&P 500. That said, over the past decade, only IRM (Iron Mountain) of its data center reit peers outpaced EQIX.
- **In a crash:** EQIX fell harder than the S&P 500 in five of six sell-offs. The Covid crash was the exception: EQIX fell 25.1%, less than the S&P 500's 33.7%.
- **Diversification:** Against the S&P 500, EQIX has a correlation of 0.60 over 5 years, more closely than 91% of stocks worth at least $300 million. Next to an index fund it is more of the same, not a cushion. EQIX now moves more with the S&P 500: a correlation of 0.60 over the past 5 years, up from 0.25 in the 5 years before.
- **Better options**
  - **Popular alternatives:** MSFT (Microsoft) and IRM (Iron Mountain) earned more than EQIX over the past 5 years with similar volatility: MSFT returned 12.5% a year at 28.2% volatility, against 6.6% a year at 27.8%.
  - **Nearby categories and themes:** CIBR (First Trust Nasdaq Cybersecurity ETF, cybersecurity) earned more than EQIX with less volatility over the past 5 years: 14.1% a year at 26.1% volatility, against 6.6% a year at 27.8%.
  - **Versus the S&P 500:** Simply owning the S&P 500 would have done better over the past 5 years: 12.7% a year at 17.1% volatility, against 6.6% at 27.8% for EQIX.

## How much would $10,000 in EQIX have grown?

This chart tracks a hypothetical $10,000 investment in EQIX over the past 26 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of EQIX over the same span and EQIX's popular alternatives, among those that traded for the entire period.

- $10,000 invested in EQIX at the end of September 2000 would have grown to $48,662 by September 2026, less than the $84,332 it would have become in SPY, an S&P 500 fund.
- All five other investments on the chart ended ahead of EQIX, and AMZN finished highest, at $1,297,609.

## EQIX at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- EQIX's deepest decline since it began trading in 2000 was 99.4%, from August 2000 to April 2003. It took about 14 years from the low to climb back to its old high.
- Over 25 full calendar years, EQIX's best was 2003, when it returned 395%, and its worst was 2002, when it lost 93.9%. It lost money in nine of those years.
- EQIX is 11.1% below its all-time high.

- Type: Stock, Real Estate (REIT - Specialty)
- Trading since: August 11, 2000
- Market value: $97B
- Volatility (5 years): 27.8%; Sharpe ratio: 0.37
- Worst decline ever: −99.4%, from August 31, 2000 to April 10, 2003; back at its high by August 1, 2017

| Period | EQIX total return |
| --- | --- |
| 1 month | −6.6% |
| 3 months | −2.5% |
| 6 months | −9.7% |
| year to date | +31.2% |
| 1 year | +22.2% |
| 3 years | +49.1% |
| 5 years | +37.4% |
| 10 years | +226% |

## EQIX against the whole market

Where EQIX ranks among every stock and fund, and what across the market has done better.

### How does EQIX rank among all stocks?

This section ranks EQIX on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- EQIX's worst decline of the past 10 years ranks in the top 9% of the 2,187 stocks worth at least $300 million, where the top fell the least.

| Measure | EQIX | Rank |
| --- | --- | --- |
| 1-year return | +22.2% | 1,177 of 3,287 (top 36%) |
| 3-year return | +49.1% | 1,558 of 3,017 (top 52%) |
| 5-year return | +37.4% | 1,246 of 2,893 (top 44%) |
| 10-year return | +226% | 782 of 2,202 (top 36%) |
| Volatility, 5 years | 27.8% | 539 of 2,893 (top 19%) |
| Sharpe ratio, 5 years | 0.37 | 1,333 of 2,893 (top 47%) |
| Worst decline, past 10 years | −41.8% | 198 of 2,187 (top 10%) |

### What has beaten EQIX on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 180 stocks and 478 ETFs worth at least $500 million sit in the green region: each earned more than EQIX over the past 5 years with smaller price swings. That is 18% of the 3,633 screened.
- Among those with at least half EQIX's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 11% less than EQIX's 27.8%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.37 for EQIX.
- None of EQIX's popular alternatives made it, but KT (data centers theme) did: 13.1% a year at 22.6% volatility, 19% less than EQIX's 27.8%.

### Is there a better investment than EQIX?

The table below lists investments that beat EQIX over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among EQIX's popular alternatives, MSFT and IRM earned more than EQIX over the past 5 years with similar volatility: MSFT returned 12.5% a year at 28.2% volatility, against 6.6% a year at 27.8%.
- Looking beyond its popular alternatives, CIBR (cybersecurity) earned more than EQIX with less volatility over the past 5 years: 14.1% a year at 26.1% volatility, against 6.6% a year at 27.8%.
- Simply owning the S&P 500 would have done better over the past 5 years: 12.7% a year at 17.1% volatility, against 6.6% at 27.8% for EQIX.

The 15 strongest of 658 investments that beat EQIX over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with EQIX | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| EQIX: Equinix, Inc. (this page) |  | +6.6% | 27.8% | 0.37 | −41.8% | +226% |  |  |
| [VTI](https://easycompare.io/research/vti): Vanguard Morningstar Total Stock Market ETF | US Total Market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.61 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VOO](https://easycompare.io/research/voo): Vanguard S&P 500 ETF | US Large-Cap Equity | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.60 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [WMT](https://easycompare.io/research/wmt): Walmart Inc. | Discount Retail | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.45 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [BRK-B](https://easycompare.io/research/brk-b): Berkshire Hathaway Inc. | Insurance | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.34 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JNJ](https://easycompare.io/research/jnj): Johnson & Johnson | Pharmaceuticals | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.21 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [V](https://easycompare.io/research/v): Visa Inc. | Payment Processing | +12.8% | 22.9% | 0.64 | −36.4% | +429% | 0.43 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | International Equity | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.52 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [COST](https://easycompare.io/research/cost): Costco Wholesale Corporation | Discount Retail | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.61 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VXUS](https://easycompare.io/research/vxus): Vanguard Total International Stock ETF | International Equity | +8.2% | 16.4% | 0.57 | −36.0% | +140% | 0.65 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [QQQ](https://easycompare.io/research/qqq): Invesco QQQ Trust, Series 1 | US Large-Cap Growth | +14.5% | 23.0% | 0.71 | −35.1% | +553% | 0.58 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [NVS](https://easycompare.io/research/nvs): Novartis AG | Pharmaceuticals | +17.1% | 20.7% | 0.87 | −26.8% | +226% | 0.32 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AMGN](https://easycompare.io/research/amgn): Amgen Inc. | Biotechnology | +19.6% | 24.9% | 0.85 | −24.9% | +266% | 0.13 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [GILD](https://easycompare.io/research/gild): Gilead Sciences, Inc. | Biotechnology | +22.8% | 24.9% | 0.95 | −30.5% | +200% | 0.17 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VEA](https://easycompare.io/research/vea): Vanguard FTSE Developed Markets ETF | Developed International Equity | +9.3% | 16.9% | 0.61 | −35.8% | +153% | 0.65 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [LIN](https://easycompare.io/research/lin): Linde plc | Chemicals | +11.5% | 20.9% | 0.63 | −32.6% | +394% | 0.51 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## EQIX against its popular alternatives

The investments people most often weigh against EQIX, compared period by period and year by year.

### How do EQIX's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- None of the nine popular alternatives earned more than EQIX over the past 5 years with smaller price swings, so every higher return on the map came with a bumpier ride.
- Over the past 5 years, EQIX returned 6.6% a year, less than the S&P 500's 12.7%, with higher volatility (27.8% against 17.1%).

### Has EQIX consistently beaten its popular alternatives?

This section compares EQIX with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Three of the ten popular alternatives, MSFT, AMZN and IRM, outperformed EQIX in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- IRM and MSFT earned more for the risk they took than EQIX (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
- ETN outperformed EQIX over all three long-term periods but in only one of the five short-term ones, so EQIX has had the better of it lately.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of EQIX | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EQIX: Equinix, Inc. (this page) | +22.2% | +49.1% | +37.4% | +226% |  |  | 0.37 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | +3.8% | +66.6% | +80.3% | +946% | 3/5 short-term, 3/3 long-term | consistent | 0.56 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | +21.3% | +110% | +53.8% | +548% | 3/5 short-term, 3/3 long-term | consistent | 0.42 |
| IRM: Iron Mountain Incorporated | +10.4% | +110% | +200% | +470% | 3/5 short-term, 3/3 long-term | consistent | 0.88 |
| [ETN](https://easycompare.io/research/etn): Eaton Corporation plc | +2.3% | +104% | +153% | +657% | 1/5 short-term, 3/3 long-term |  | 0.74 |
| [VRT](https://easycompare.io/research/vrt): Vertiv Holdings Co | +16.0% | +456% | +772% | — | 0/5 short-term, 2/3 long-term |  | 1.01 |
| [DLR](https://easycompare.io/research/dlr): Digital Realty Trust, Inc. | +4.3% | +65.7% | +35.7% | +154% | 2/5 short-term, 1/3 long-term |  | 0.35 |
| APLD: Applied Digital Corp. | −46.2% | +312% | — | — | 0/5 short-term, 1/3 long-term |  | — |
| GDS: GDS Holdings Limited | −32.2% | +136% | −63.5% | — | 0/5 short-term, 1/3 long-term |  | 0.18 |
| [AMT](https://easycompare.io/research/amt): American Tower Corporation | −1.1% | +27.5% | −21.8% | +107% | 3/5 short-term, 0/3 long-term |  | -0.04 |
| VNET: VNET Group, Inc. | −56.2% | +47.5% | −78.7% | −43.4% | 0/5 short-term, 0/3 long-term |  | 0.13 |

### How did EQIX do year by year?

This table shows each investment's total return in every full calendar year since 2001, along with where EQIX ranked among its popular alternatives each year.

- EQIX finished ahead of the S&P 500 in 13 of its 25 full calendar years, and behind it in each of the last two.
- Among its popular alternatives, VRT came out ahead of EQIX most often, in five of the seven years both traded.
- Ranked against its popular alternatives each year, EQIX finished in the top quarter in eight of 25 years and in the bottom quarter in six. In 2025, it ranked 10 of 11.

| Year | EQIX | SPY |
| --- | --- | --- |
| 2025 | −16.9% | +17.7% |
| 2024 | +19.4% | +24.9% |
| 2023 | +25.4% | +26.2% |
| 2022 | −21.1% | −18.2% |
| 2021 | +20.3% | +28.7% |
| 2020 | +24.2% | +18.3% |
| 2019 | +68.9% | +31.2% |
| 2018 | −20.4% | −4.6% |
| 2017 | +29.2% | +21.7% |
| 2016 | +20.7% | +12.0% |

## Risk and diversification

How EQIX has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were EQIX's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In four of EQIX's five worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: EQIX fell 28.2% from October 2020 to March 2021, while the S&P 500 rose 8.8%.
- The slowest recovery came after EQIX fell 99.4% from August 2000 to April 2003; it did not regain that peak until August 2017, 14 years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −99.4% | August 31, 2000 | April 10, 2003 | August 1, 2017 | −40.3% | dot-com bust |
| −41.8% | September 3, 2021 | October 14, 2022 | February 8, 2024 | −19.6% | 2022 bear market |
| −29.3% | November 8, 2017 | December 24, 2018 | May 6, 2019 | −7.4% | late-2018 sell-off |
| −28.2% | October 12, 2020 | March 8, 2021 | July 7, 2021 | +8.8% |  |
| −25.1% | February 21, 2020 | March 23, 2020 | April 8, 2020 | −32.8% | Covid crash |

### How did EQIX do in stock market crashes?

This section measures how far EQIX, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- EQIX fell further than the S&P 500 in six of the nine crashes it has traded through. The clearest case was the 2008 financial crisis, when EQIX fell 69.9% and the S&P 500 fell 55.2%.
- Among its popular alternatives, MSFT held up best, falling less than EQIX in six of the nine crashes they both traded through.
- EQIX began trading after the dot-com bust, but five of its popular alternatives lived through it. The mildest fall among them was ETN's 31.6%, against 47.5% for the S&P 500.

| Crash | Dates | EQIX fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −69.9% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −1.1% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −22.5% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −15.8% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −6.3% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −22.8% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −25.1% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −36.3% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −4.1% | −3.4% |

### How closely does EQIX move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, EQIX captured 76% of the S&P 500's gains in rising months and 66% of its losses in falling months, with a beta of 0.67. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- Only ETN, MSFT and IRM had a higher capture ratio (upside capture divided by downside capture) than EQIX's 1.14, out of seven popular alternatives with the same record.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| EQIX: Equinix, Inc. (this page) | 76.0% | 66.0% | 0.67 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | 127% | 91.0% | 0.96 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | 134% | 139% | 1.31 |
| IRM: Iron Mountain Incorporated | 98.0% | 83.0% | 0.99 |
| [ETN](https://easycompare.io/research/etn): Eaton Corporation plc | 114% | 80.0% | 1.16 |
| [DLR](https://easycompare.io/research/dlr): Digital Realty Trust, Inc. | 64.0% | 64.0% | 0.60 |
| [AMT](https://easycompare.io/research/amt): American Tower Corporation | 61.0% | 79.0% | 0.60 |
| VNET: VNET Group, Inc. | 23.0% | 71.0% | 0.25 |

### What diversifies EQIX?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in EQIX into XLE would have cut the portfolio's volatility by 16% over the past 5 years and raised its annual return (+7.2% for EQIX alone, +11.2% for the mix).
- FIX made money in seven of the nine calendar years in which EQIX lost money.
- Among large ETFs, DXJ, PVAL and EMLP have moved largely independently of EQIX over the past 5 years, with correlations of 0.49 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with EQIX | 5Y return | Volatility | Sharpe | Rose in EQIX's 9 down years |
| --- | --- | --- | --- | --- | --- |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.44 | +225% | 19.1% | 1.34 | 3 of 9 |
| PVAL: Putnam Focused Large Cap Value ETF | 0.49 | +111% | 15.1% | 1.07 | 1 of 9 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.46 | +101% | 14.5% | 1.04 | 3 of 9 |
| EWP: iShares MSCI Spain ETF | 0.38 | +140% | 20.3% | 0.97 | 3 of 9 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.27 | +126% | 18.9% | 0.96 | 4 of 9 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.42 | +136% | 20.8% | 0.93 | 1 of 9 |
| [XLE](https://easycompare.io/research/xle): State Street Energy Select Sector SPDR ETF | 0.06 | +177% | 25.5% | 0.93 | 5 of 9 |
| VLUE: iShares MSCI USA Value Factor ETF | 0.46 | +109% | 18.4% | 0.90 | 1 of 9 |

## Common questions

### What was EQIX's worst drawdown?

EQIX's deepest decline since it began trading in 2000 was 99.4%, from August 2000 to April 2003. It took about 14 years from the low to climb back to its old high.

### What were EQIX's best and worst years?

Over 25 full calendar years, EQIX's best year was 2003, when it returned 395%. Its worst was 2002, with a return of -93.9%.

### Is there a better investment than EQIX?

Among EQIX's popular alternatives, MSFT and IRM earned more than EQIX over the past 5 years with similar volatility: MSFT returned 12.5% a year at 28.2% volatility, against 6.6% a year at 27.8%. Looking beyond its popular alternatives, CIBR (cybersecurity) earned more than EQIX with less volatility over the past 5 years: 14.1% a year at 26.1% volatility, against 6.6% a year at 27.8%.

### Is EQIX more volatile than the S&P 500?

Yes. EQIX's volatility over the past 5 years was 27.8%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, EQIX's return lands within 27.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is EQIX's Sharpe ratio?

EQIX's Sharpe ratio over the past 5 years was 0.37, against 0.79 for the S&P 500, so EQIX earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is EQIX with the S&P 500?

Over the past 5 years, EQIX's monthly returns had a correlation of 0.60 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against EQIX instead: the lower it is, the more that option would diversify a EQIX holding.

### What are the best alternatives to EQIX?

Of the ten popular alternatives we compared, three outperformed EQIX in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: MSFT, AMZN and IRM.

### Did EQIX outperform the S&P 500?

EQIX finished ahead of the S&P 500 (SPY) in 13 of 25 full calendar years. In 2025, it returned -16.9%, against +17.7% for the index.

### How did EQIX do in stock market crashes?

EQIX fell less than the S&P 500 (SPY) in one of the nine major crashes it has traded through, and further in six. The clearest case was the 2008 financial crisis, when EQIX fell 69.9% and the S&P 500 fell 55.2%.

### What diversifies EQIX?

These had a low correlation with EQIX over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.44), PVAL (correlation 0.49) and EMLP (correlation 0.46); among large stocks, CAH (correlation 0.23), CLS (correlation 0.26) and FIX (correlation 0.46). A correlation near zero means the two have moved largely independently.

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## Explore further

- Full page with charts: https://easycompare.io/research/eqix
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against EQIX live: https://betterthanspy.com/?b=EQIX&utm_source=easycompare&utm_medium=research