NETL vs. EQIX

Last updated Jun 23, 2026

NETL (NETLease Corporate Real Estate ETF) is REIT fund tracking the Fundamental Income Net Lease Real Estate Index, while EQIX (Equinix, Inc.) is a stock. Over the past 5 years, NETL returned 1.88%/yr vs 8.91%/yr for EQIX. At a 0.47 correlation, their price movements are largely independent.

Performance

NETL vs. EQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NETLease Corporate Real Estate ETF (NETL) and Equinix, Inc. (EQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NETL achieves a 12.00% return, which is significantly lower than EQIX's 47.17% return.

NETL

• 1D: 0.35%
• 1M: -1.59%
• YTD: 12.00%
• 6M: 12.28%
• 1Y: 11.58%
• 3Y*: 8.98%
• 5Y*: 1.88%
• 10Y*: —

EQIX

• 1D: 2.17%
• 1M: 3.35%
• YTD: 47.17%
• 6M: 48.77%
• 1Y: 29.27%
• 3Y*: 16.80%
• 5Y*: 8.91%
• 10Y*: 13.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NETL vs. EQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NETL NETLease Corporate Real Estate ETF	12.00%	6.05%	-1.08%	2.69%	-16.16%	27.36%	-0.73%	12.04%
EQIX Equinix, Inc.	47.17%	-16.88%	19.45%	25.41%	-21.13%	20.28%	24.22%	29.16%

Correlation

The correlation between NETL and EQIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.47

Over the past year, the correlation between NETL and EQIX has dropped to 0.23 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

NETL vs. EQIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NETL

NETL Risk / Return Rank: 25
NETL Sharpe Ratio Rank: 24
NETL Sortino Ratio Rank: 23
NETL Omega Ratio Rank: 21
NETL Calmar Ratio Rank: 27
NETL Martin Ratio Rank: 29

EQIX

EQIX Risk / Return Rank: 71
EQIX Sharpe Ratio Rank: 75
EQIX Sortino Ratio Rank: 69
EQIX Omega Ratio Rank: 73
EQIX Calmar Ratio Rank: 70
EQIX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NETL vs. EQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NETLease Corporate Real Estate ETF (NETL) and Equinix, Inc. (EQIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NETL	EQIX	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.11	-0.29
Sortino ratio: Return per unit of downside risk	1.21	1.62	-0.41
Omega ratio: Gain probability vs. loss probability	1.15	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	1.27	1.55	-0.28
Martin ratio: Return relative to average drawdown	3.94	2.81	+1.13

NETL vs. EQIX - Sharpe Ratio Comparison

The current NETL Sharpe Ratio is 0.83, which is comparable to the EQIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of NETL and EQIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NETL vs. EQIX - Drawdown Comparison

The maximum NETL drawdown since its inception was -51.48%, smaller than the maximum EQIX drawdown of -99.44%. Use the drawdown chart below to compare losses from any high point for NETL and EQIX.

Drawdown Indicators

	NETL	EQIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.48%	-99.44%	+47.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-18.93%	+9.77%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-24.59%	+5.29%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-41.77%	+11.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.77%	—
Current Drawdown Current decline from peak	-3.47%	0.00%	-3.47%
Average Drawdown Average peak-to-trough decline	-11.58%	-52.57%	+40.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	10.46%	-7.52%

Volatility

NETL vs. EQIX - Volatility Comparison

The current volatility for NETLease Corporate Real Estate ETF (NETL) is 4.96%, while Equinix, Inc. (EQIX) has a volatility of 5.81%. This indicates that NETL experiences smaller price fluctuations and is considered to be less risky than EQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NETL	EQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	5.81%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	16.97%	-6.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	26.44%	-12.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.98%	27.71%	-9.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	27.17%	-1.30%

Dividends

NETL vs. EQIX - Dividend Comparison

NETL's dividend yield for the trailing twelve months is around 4.76%, more than EQIX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQIX Equinix, Inc.	1.77%	2.45%	1.81%	1.80%	1.89%	1.36%	1.49%	1.69%	2.59%	1.77%	1.96%	5.86%
NETL NETLease Corporate Real Estate ETF	4.76%	5.12%	5.08%	4.57%	4.47%	4.03%	3.98%	2.52%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NETL and EQIX in my portfolio?

NETL and EQIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NETL or EQIX?

EQIX has higher volatility (5.81%) compared to NETL (4.96%). In terms of maximum drawdown, NETL dropped -51.48% vs EQIX's -99.44%.

Which has better risk-adjusted returns?

EQIX currently has the higher Sharpe Ratio (1.11 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.