Real Estate Investment Trusts

Equinix Inc. Common Stock REIT vs Welltower Inc.

WatchlistEQIX / WELLPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($168B vs $96B) in Nasdaq's "Real Estate Investment Trusts" industry; SEC SIC 6798 / 6798 (same major group); #1 and #3 by market value ($168B vs $96B) with SEC SIC 6798 (Real Estate Investment Trusts).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.19 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.65 (needs <= -2.873 (5% critical value))
Business leadership

WELL is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearEQIXWELLLarger
2025$9.2B$10.8BWELL
2024$8.7B$8.0BEQIX
2023$8.2B$6.6BEQIX
2022$7.3B$5.9BEQIX
2021$6.6B$4.7BEQIX
2020$6.0B$4.6BEQIX

Revenue lead switched: 2025 to WELL. Market value: EQIX $96.3B, WELL $168.3B.

Stock leadership

WELL is ahead now

Measured against the pair's own last 252 trading days.

WELL leads EQIX by 1.28 standard deviations: +12.3% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
EQIX-12.1%-14.6%+15.9%
WELL-5.8%+14.0%+35.6%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2520 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.20 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.65 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 31.44 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

EQIX Equinix Inc. Common Stock REIT WELL Welltower Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026EQIX 106WELL 180
Spread z-score: EQIX relative to WELL, against the 252 sessions before each day. Above 0: EQIX ahead; below 0: WELL ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateEQIX indexWELL indexzAhead
2026-10-22106.41179.52-1.28WELL ahead
2026-10-21111.15177.09-0.66WELL ahead
2026-10-20110.30180.04-0.93WELL ahead
2026-10-19108.99176.58-0.85WELL ahead
2026-10-16110.14177.59-0.81WELL ahead
2026-10-15111.29177.43-0.69WELL ahead
2026-10-14111.25175.57-0.58WELL ahead
2026-10-13113.87174.03-0.23near the usual relationship
2026-10-12115.35174.15-0.10near the usual relationship
2026-10-09114.62170.50+0.06near the usual relationship
2026-10-08112.95168.66+0.02near the usual relationship
2026-10-07115.26167.21+0.34near the usual relationship
2026-10-06117.00170.74+0.28near the usual relationship
2026-10-05114.33169.51+0.10near the usual relationship
2026-10-02114.58172.19-0.04near the usual relationship
2026-10-01113.08171.61-0.15near the usual relationship
2026-09-30113.00174.11-0.32near the usual relationship
2026-09-29113.41176.12-0.40near the usual relationship
2026-09-28112.94176.16-0.46near the usual relationship
2026-09-25112.61174.96-0.41near the usual relationship
2026-09-24115.59176.66-0.24near the usual relationship
2026-09-23115.91173.83-0.03near the usual relationship
2026-09-22118.33174.22+0.17near the usual relationship
2026-09-21118.10176.01+0.04near the usual relationship
2026-09-18114.09173.07-0.16near the usual relationship
2026-09-17114.60175.64-0.28near the usual relationship
2026-09-16113.51177.33-0.49near the usual relationship
2026-09-15112.49176.01-0.51WELL ahead
2026-09-14111.56177.11-0.68WELL ahead
2026-09-11115.92178.18-0.32near the usual relationship
2026-09-10114.37178.24-0.48near the usual relationship
2026-09-09116.52178.39-0.28near the usual relationship
2026-09-08116.31179.41-0.37near the usual relationship
2026-09-04115.73178.59-0.37near the usual relationship
2026-09-03116.27182.34-0.55WELL ahead
2026-09-02113.86180.42-0.67WELL ahead
2026-09-01114.79181.81-0.67WELL ahead
2026-08-31116.93178.64-0.28near the usual relationship
2026-08-28116.67180.03-0.39near the usual relationship
2026-08-27120.25181.19-0.13near the usual relationship
2026-08-26120.60182.67-0.19near the usual relationship
2026-08-25119.91182.36-0.24near the usual relationship
2026-08-24117.87181.50-0.38near the usual relationship
2026-08-21119.01180.90-0.24near the usual relationship
2026-08-20120.93179.52+0.02near the usual relationship
2026-08-19120.32178.26+0.04near the usual relationship
2026-08-18121.21178.04+0.14near the usual relationship
2026-08-17122.61177.93+0.27near the usual relationship
2026-08-14123.11178.10+0.30near the usual relationship
2026-08-13119.95177.28+0.06near the usual relationship
2026-08-12119.43174.13+0.22near the usual relationship
2026-08-11115.33170.91+0.04near the usual relationship
2026-08-10116.55177.74-0.28near the usual relationship
2026-08-07116.47179.16-0.38near the usual relationship
2026-08-06117.61178.46-0.23near the usual relationship
2026-08-05117.98179.41-0.25near the usual relationship
2026-08-04117.46175.11-0.04near the usual relationship
2026-08-03115.22176.27-0.33near the usual relationship
2026-07-31113.86177.28-0.52WELL ahead
2026-07-30117.02178.18-0.28near the usual relationship
2026-07-29112.60182.30-0.96WELL ahead
2026-07-28115.60184.19-0.79WELL ahead
2026-07-27116.93187.79-0.89WELL ahead
2026-07-24121.12190.62-0.67WELL ahead
2026-07-23115.45186.82-0.98WELL ahead
2026-07-22114.92185.30-0.95WELL ahead
2026-07-21114.82186.31-1.03WELL ahead
2026-07-20113.64185.15-1.08WELL ahead
2026-07-17113.94183.95-0.99WELL ahead
2026-07-16112.73182.61-1.04WELL ahead
2026-07-15114.23176.41-0.51WELL ahead
2026-07-14114.34178.46-0.63WELL ahead
2026-07-13116.12177.37-0.40near the usual relationship
2026-07-10117.43175.13-0.14near the usual relationship
2026-07-09115.60175.53-0.34near the usual relationship
2026-07-08113.49176.88-0.64WELL ahead
2026-07-07114.27179.67-0.74WELL ahead
2026-07-06111.58175.96-0.78WELL ahead
2026-07-02111.93178.51-0.91WELL ahead
2026-07-01113.23174.07-0.51WELL ahead
2026-06-30116.44171.63-0.06near the usual relationship
2026-06-29121.22172.21+0.34near the usual relationship
2026-06-26121.91171.91+0.41near the usual relationship
2026-06-25121.49169.18+0.53EQIX ahead
2026-06-24122.32167.45+0.70EQIX ahead
2026-06-23124.66164.60+1.06EQIX ahead
2026-06-22124.66159.90+1.35EQIX ahead
2026-06-18122.01156.27+1.35EQIX ahead
2026-06-17121.60156.19+1.31EQIX ahead
2026-06-16122.28161.45+1.01EQIX ahead
2026-06-15118.90160.93+0.75EQIX ahead
2026-06-12117.95162.00+0.59EQIX ahead
2026-06-11116.53159.31+0.62EQIX ahead
2026-06-10115.99159.83+0.53EQIX ahead
2026-06-09118.39156.36+0.92EQIX ahead
2026-06-08118.72151.24+1.25EQIX ahead
2026-06-05120.75156.48+1.08EQIX ahead
2026-06-04121.67151.88+1.42EQIX ahead
2026-06-03120.31150.93+1.36EQIX ahead
2026-06-02119.73147.72+1.51EQIX ahead
2026-06-01117.38149.24+1.22EQIX ahead
2026-05-29119.31155.27+1.00EQIX ahead
2026-05-28119.46159.02+0.78EQIX ahead
2026-05-27119.55161.96+0.61EQIX ahead
2026-05-26120.38164.95+0.50EQIX ahead
2026-05-22120.62163.47+0.59EQIX ahead
2026-05-21120.47163.35+0.57EQIX ahead
2026-05-20118.97165.31+0.35near the usual relationship
2026-05-19117.12164.85+0.23near the usual relationship
2026-05-18118.70160.78+0.55EQIX ahead
2026-05-15118.35161.63+0.47near the usual relationship
2026-05-14120.61164.66+0.46near the usual relationship
2026-05-13120.34166.47+0.34near the usual relationship
2026-05-12120.71164.47+0.46near the usual relationship
2026-05-11121.34162.46+0.60EQIX ahead
2026-05-08119.76162.30+0.49near the usual relationship
2026-05-07119.16161.03+0.51EQIX ahead
2026-05-06121.53163.69+0.53EQIX ahead
2026-05-05120.47162.05+0.53EQIX ahead
2026-05-04121.00164.20+0.45near the usual relationship
2026-05-01121.21164.03+0.47near the usual relationship
2026-04-30120.96164.35+0.43near the usual relationship
2026-04-29121.66160.38+0.67EQIX ahead
2026-04-28120.24162.00+0.49near the usual relationship
2026-04-27121.74158.80+0.74EQIX ahead
2026-04-24123.86157.86+0.93EQIX ahead
2026-04-23124.59157.47+0.99EQIX ahead
2026-04-22123.13151.01+1.24EQIX ahead
2026-04-21122.25156.07+0.91EQIX ahead
2026-04-20123.32158.39+0.87EQIX ahead
2026-04-17121.61159.20+0.71EQIX ahead
2026-04-16119.63162.21+0.43near the usual relationship
2026-04-15117.63159.81+0.41near the usual relationship
2026-04-14118.12159.55+0.45near the usual relationship
2026-04-13118.06156.51+0.59EQIX ahead
2026-04-10115.08156.98+0.36near the usual relationship
2026-04-09115.23156.03+0.42near the usual relationship
2026-04-08113.68154.79+0.37near the usual relationship
2026-04-07112.52152.43+0.41near the usual relationship
2026-04-06113.50151.93+0.50EQIX ahead
2026-04-02111.75153.00+0.32near the usual relationship
2026-04-01111.26150.38+0.42near the usual relationship
2026-03-31109.50149.51+0.34near the usual relationship
2026-03-30107.69147.69+0.30near the usual relationship
2026-03-27107.57148.04+0.27near the usual relationship
2026-03-26107.62147.86+0.28near the usual relationship
2026-03-25107.90148.77+0.24near the usual relationship
2026-03-24107.74148.68+0.23near the usual relationship
2026-03-23108.02147.46+0.31near the usual relationship
2026-03-20107.14148.17+0.20near the usual relationship
2026-03-19108.89155.85-0.06near the usual relationship
2026-03-18108.75158.20-0.19near the usual relationship
2026-03-17109.12161.19-0.31near the usual relationship
2026-03-16109.97158.94-0.15near the usual relationship
2026-03-13108.34157.15-0.19near the usual relationship
2026-03-12108.52155.93-0.12near the usual relationship
2026-03-11108.74155.27-0.08near the usual relationship
2026-03-10106.80157.08-0.31near the usual relationship
2026-03-09105.55157.05-0.40near the usual relationship
2026-03-06104.69154.48-0.34near the usual relationship
2026-03-05106.46155.06-0.25near the usual relationship
2026-03-04108.25156.42-0.20near the usual relationship
2026-03-03108.58157.29-0.22near the usual relationship
2026-03-02107.92158.92-0.35near the usual relationship
2026-02-27108.83156.62-0.19near the usual relationship
2026-02-26105.90157.63-0.44near the usual relationship
2026-02-25107.30157.48-0.34near the usual relationship
2026-02-24106.33158.27-0.45near the usual relationship
2026-02-23105.63158.45-0.51WELL ahead
2026-02-20103.68157.43-0.60WELL ahead
2026-02-19102.55157.30-0.68WELL ahead
2026-02-18103.24157.74-0.66WELL ahead
2026-02-17106.34162.95-0.69WELL ahead
2026-02-13106.81159.35-0.51WELL ahead
2026-02-12107.00157.40-0.42near the usual relationship
2026-02-1196.91157.20-1.09WELL ahead
2026-02-1095.70151.88-0.95WELL ahead
2026-02-0995.82149.16-0.82WELL ahead
2026-02-0694.74148.15-0.86WELL ahead
2026-02-0590.21144.48-1.02WELL ahead
2026-02-0489.60140.26-0.88WELL ahead
2026-02-0389.57141.79-0.96WELL ahead
2026-02-0290.53141.73-0.89WELL ahead
2026-01-3091.70142.44-0.85WELL ahead
2026-01-2992.28140.42-0.72WELL ahead
2026-01-2891.17139.10-0.74WELL ahead
2026-01-2790.43138.76-0.79WELL ahead
2026-01-2690.07138.86-0.82WELL ahead
2026-01-2388.39138.90-0.95WELL ahead
2026-01-2288.56137.60-0.88WELL ahead
2026-01-2188.86140.65-1.00WELL ahead
2026-01-2087.60142.17-1.16WELL ahead
2026-01-1689.56144.72-1.14WELL ahead
2026-01-1589.57142.30-1.04WELL ahead
2026-01-1489.26142.70-1.09WELL ahead
2026-01-1389.51142.35-1.06WELL ahead
2026-01-1287.56141.17-1.15WELL ahead
2026-01-0989.40140.71-1.01WELL ahead
2026-01-0887.34140.89-1.16WELL ahead
2026-01-0786.75140.39-1.18WELL ahead
2026-01-0688.03140.40-1.10WELL ahead
2026-01-0586.24139.69-1.20WELL ahead
2026-01-0285.36141.36-1.33WELL ahead
2025-12-3185.59140.36-1.28WELL ahead
2025-12-3085.98142.17-1.33WELL ahead
2025-12-2985.46143.41-1.42WELL ahead
2025-12-2685.27142.06-1.39WELL ahead
2025-12-2484.75141.94-1.43WELL ahead
2025-12-2384.91141.30-1.40WELL ahead
2025-12-2284.66140.98-1.41WELL ahead
2025-12-1984.73140.66-1.40WELL ahead
2025-12-1883.12141.78-1.56WELL ahead
2025-12-1783.54143.04-1.60WELL ahead
2025-12-1684.69143.98-1.57WELL ahead
2025-12-1585.05144.03-1.55WELL ahead
2025-12-1283.82141.21-1.54WELL ahead
2025-12-1184.24139.87-1.47WELL ahead
2025-12-1082.04144.49-1.80WELL ahead
2025-12-0982.74148.06-1.90WELL ahead
2025-12-0882.66151.91-2.07WELL ahead
2025-12-0582.84154.50-2.17WELL ahead
2025-12-0481.11154.17-2.30WELL ahead
2025-12-0381.85152.69-2.23WELL ahead
2025-12-0281.25153.66-2.33WELL ahead
2025-12-0181.91154.19-2.34WELL ahead
2025-11-2884.15157.46-2.33WELL ahead
2025-11-2683.83155.97-2.34WELL ahead
2025-11-2583.57154.71-2.34WELL ahead
2025-11-2484.97152.98-2.21WELL ahead
2025-11-2184.30151.19-2.22WELL ahead
2025-11-2084.09149.41-2.19WELL ahead
2025-11-1985.46148.90-2.10WELL ahead
2025-11-1887.04149.95-2.06WELL ahead
2025-11-1786.78149.18-2.07WELL ahead
2025-11-1487.75146.57-1.92WELL ahead
2025-11-1387.86144.49-1.85WELL ahead
2025-11-1290.84144.92-1.68WELL ahead
2025-11-1191.72145.42-1.66WELL ahead
2025-11-1092.51144.48-1.59WELL ahead
2025-11-0792.13143.87-1.60WELL ahead
2025-11-0691.52141.98-1.57WELL ahead
2025-11-0591.84140.92-1.52WELL ahead
2025-11-0492.71139.41-1.41WELL ahead
2025-11-0393.03137.87-1.33WELL ahead
2025-10-3194.51136.90-1.20WELL ahead
2025-10-3093.07136.78-1.30WELL ahead
2025-10-2989.11133.82-1.45WELL ahead
2025-10-2891.17135.89-1.41WELL ahead
2025-10-2794.14138.09-1.32WELL ahead
2025-10-2493.78134.56-1.20WELL ahead
2025-10-2392.93133.14-1.20WELL ahead
2025-10-2292.61133.05-1.22WELL ahead
2025-10-2191.82132.43-1.26WELL ahead
2025-10-2092.17134.38-1.34WELL ahead
2025-10-1790.92132.40-1.34WELL ahead
2025-10-1690.79130.13-1.25WELL ahead
2025-10-1591.85130.32-1.20WELL ahead
2025-10-1491.31128.06-1.14WELL ahead
2025-10-1390.07126.17-1.14WELL ahead
2025-10-1089.43125.48-1.16WELL ahead
2025-10-0990.30126.49-1.16WELL ahead
2025-10-0889.77127.90-1.27WELL ahead
2025-10-0787.92130.82-1.56WELL ahead
2025-10-0688.23131.68-1.59WELL ahead
2025-10-0386.99132.37-1.73WELL ahead
2025-10-0286.30132.71-1.81WELL ahead
2025-10-0186.46135.65-1.96WELL ahead
2025-09-3087.49134.71-1.86WELL ahead
2025-09-2987.32133.24-1.83WELL ahead
2025-09-2688.29132.26-1.73WELL ahead
2025-09-2587.45129.84-1.68WELL ahead
2025-09-2488.22129.29-1.62WELL ahead
2025-09-2389.73130.48-1.58WELL ahead
2025-09-2289.15126.60-1.44WELL ahead
2025-09-1988.39124.92-1.42WELL ahead
2025-09-1887.72125.93-1.54WELL ahead
2025-09-1787.00125.46-1.58WELL ahead
2025-09-1687.05124.93-1.57WELL ahead
2025-09-1588.44127.74-1.62WELL ahead
2025-09-1288.09127.90-1.67WELL ahead
2025-09-1189.08127.40-1.59WELL ahead
2025-09-1087.20127.11-1.74WELL ahead
2025-09-0987.08127.68-1.79WELL ahead
2025-09-0885.51128.07-1.96WELL ahead
2025-09-0586.43126.91-1.85WELL ahead
2025-09-0485.78126.80-1.91WELL ahead
2025-09-0385.15126.61-1.98WELL ahead
2025-09-0286.19126.85-1.93WELL ahead
2025-08-2987.82127.25-1.84WELL ahead
2025-08-2887.84126.59-1.82WELL ahead
2025-08-2788.31126.85-1.82WELL ahead
2025-08-2687.33125.41-1.84WELL ahead
2025-08-2587.40124.70-1.81WELL ahead
2025-08-2287.85124.34-1.77WELL ahead
2025-08-2186.26126.24-2.04WELL ahead
2025-08-2086.72125.52-1.98WELL ahead
2025-08-1986.40123.69-1.92WELL ahead
2025-08-1885.98122.81-1.93WELL ahead
2025-08-1587.28123.19-1.86WELL ahead
2025-08-1486.61122.41-1.89WELL ahead
2025-08-1387.58123.29-1.88WELL ahead
2025-08-1287.95124.61-1.95WELL ahead
2025-08-1186.77127.06-2.23WELL ahead
2025-08-0886.71127.06-2.27WELL ahead
2025-08-0787.06128.31-2.35WELL ahead
2025-08-0686.35127.77-2.41WELL ahead
2025-08-0587.01128.32-2.42WELL ahead
2025-08-0486.95127.63-2.42WELL ahead
2025-08-0186.21125.71-2.41WELL ahead
2025-07-3187.71124.83-2.24WELL ahead
2025-07-3089.03125.82-2.22WELL ahead
2025-07-2990.61125.50-2.08WELL ahead
2025-07-2888.65119.70-1.89WELL ahead
2025-07-2589.53122.17-2.00WELL ahead
2025-07-2488.20122.05-2.14WELL ahead
2025-07-2388.94122.22-2.11WELL ahead
2025-07-2289.43121.82-2.06WELL ahead
2025-07-2188.16121.23-2.17WELL ahead
2025-07-1886.88120.27-2.25WELL ahead
2025-07-1786.64119.20-2.22WELL ahead
2025-07-1685.53119.14-2.36WELL ahead
2025-07-1584.89118.50-2.41WELL ahead
2025-07-1484.92119.53-2.52WELL ahead
2025-07-1184.53117.33-2.43WELL ahead
2025-07-1084.77115.49-2.30WELL ahead
2025-07-0985.42115.13-2.23WELL ahead
2025-07-0885.72114.76-2.20WELL ahead
2025-07-0786.81116.63-2.27WELL ahead
2025-07-0387.91115.52-2.09WELL ahead
2025-07-0288.82113.97-1.90WELL ahead
2025-07-0188.85114.64-1.97WELL ahead
2025-06-3088.86116.25-2.12WELL ahead
2025-06-2787.70115.04-2.18WELL ahead
2025-06-2683.28116.06-2.79WELL ahead
2025-06-2592.08116.02-1.86WELL ahead
2025-06-24101.26116.64-1.01WELL ahead
2025-06-2399.42116.55-1.19WELL ahead
2025-06-2098.62114.37-1.10WELL ahead
2025-06-1899.07115.83-1.18WELL ahead
2025-06-1799.06114.84-1.11WELL ahead
2025-06-1699.21113.87-1.02WELL ahead
2025-06-1399.71115.25-1.10WELL ahead
2025-06-12100.14114.87-1.04WELL ahead
2025-06-1199.83113.61-0.97WELL ahead
2025-06-10101.36114.11-0.87WELL ahead
2025-06-09101.37113.66-0.84WELL ahead
2025-06-06102.15116.80-1.03WELL ahead
2025-06-05101.62115.72-1.00WELL ahead
2025-06-04101.90114.98-0.92WELL ahead
2025-06-0399.96115.09-1.13WELL ahead
2025-06-0299.47117.38-1.37WELL ahead
2025-05-3099.29116.67-1.34WELL ahead
2025-05-2999.13115.75-1.29WELL ahead
2025-05-2898.37114.72-1.29WELL ahead
2025-05-2797.95115.30-1.39WELL ahead
2025-05-2396.45112.80-1.34WELL ahead
2025-05-2296.79111.09-1.17WELL ahead
2025-05-2195.97112.14-1.35WELL ahead
2025-05-2097.84114.35-1.36WELL ahead
2025-05-1998.03113.92-1.31WELL ahead
2025-05-1697.85112.46-1.22WELL ahead
2025-05-1596.88111.08-1.20WELL ahead
2025-05-1495.98108.44-1.07WELL ahead
2025-05-1397.05109.86-1.10WELL ahead
2025-05-1297.24110.13-1.11WELL ahead
2025-05-0996.56112.81-1.42WELL ahead
2025-05-0896.18112.11-1.41WELL ahead
2025-05-0797.46114.44-1.49WELL ahead
2025-05-0697.79113.81-1.42WELL ahead
2025-05-0598.66114.13-1.37WELL ahead
2025-05-0297.84113.97-1.45WELL ahead
2025-05-0196.29113.68-1.60WELL ahead
2025-04-3096.15115.39-1.77WELL ahead
2025-04-2995.14114.55-1.82WELL ahead
2025-04-2894.36112.71-1.76WELL ahead
2025-04-2593.62111.13-1.71WELL ahead
2025-04-2491.29111.73-2.02WELL ahead
2025-04-2390.42111.65-2.13WELL ahead
2025-04-2288.37111.35-2.35WELL ahead
2025-04-2186.37108.63-2.36WELL ahead
2025-04-1788.27111.37-2.42WELL ahead
2025-04-1686.98110.13-2.48WELL ahead
2025-04-1587.97110.85-2.46WELL ahead
2025-04-1487.56110.10-2.46WELL ahead
2025-04-1186.78107.89-2.37WELL ahead
2025-04-1086.10107.24-2.41WELL ahead
2025-04-0989.08106.99-2.07WELL ahead
2025-04-0882.67103.21-2.48WELL ahead
2025-04-0783.53104.97-2.57WELL ahead
2025-04-0485.59108.36-2.68WELL ahead
2025-04-0389.53115.27-2.89WELL ahead
2025-04-0292.89115.76-2.59WELL ahead
2025-04-0191.26116.57-2.87WELL ahead
2025-03-3191.08115.86-2.87WELL ahead
2025-03-2889.70116.02-3.08WELL ahead
2025-03-2792.19113.37-2.59WELL ahead
2025-03-2692.83113.32-2.54WELL ahead
2025-03-2593.97112.05-2.32WELL ahead
2025-03-2495.22113.31-2.31WELL ahead
2025-03-2193.23110.80-2.32WELL ahead
2025-03-2095.14111.83-2.21WELL ahead
2025-03-1995.55112.49-2.23WELL ahead
2025-03-1893.97113.41-2.50WELL ahead
2025-03-1795.76114.38-2.41WELL ahead
2025-03-1493.57111.80-2.42WELL ahead
2025-03-1393.16110.32-2.33WELL ahead
2025-03-1295.51111.45-2.18WELL ahead
2025-03-1193.41111.38-2.40WELL ahead
2025-03-1092.79110.56-2.40WELL ahead
2025-03-0796.01111.50-2.15WELL ahead
2025-03-0697.40112.65-2.11WELL ahead
2025-03-05102.88117.10-1.96WELL ahead
2025-03-04101.66116.38-2.02WELL ahead
2025-03-03101.72118.62-2.21WELL ahead
2025-02-28101.05116.08-2.08WELL ahead
2025-02-27101.70114.58-1.90WELL ahead
2025-02-26101.68113.92-1.86WELL ahead
2025-02-25101.28114.75-1.97WELL ahead
2025-02-24101.54113.91-1.89WELL ahead
2025-02-21102.73112.36-1.66WELL ahead
2025-02-20105.03113.67-1.58WELL ahead
2025-02-19104.90113.21-1.56WELL ahead
2025-02-18104.10114.04-1.71WELL ahead
2025-02-14104.29113.41-1.65WELL ahead
2025-02-13103.11114.52-1.85WELL ahead
2025-02-12104.47110.78-1.43WELL ahead
2025-02-11105.41108.44-1.16WELL ahead
2025-02-10105.36108.22-1.15WELL ahead
2025-02-07104.25107.83-1.22WELL ahead
2025-02-06104.82107.68-1.16WELL ahead
2025-02-05104.61107.52-1.17WELL ahead
2025-02-04103.25105.01-1.08WELL ahead
2025-02-03102.21106.16-1.27WELL ahead
2025-01-31102.06103.21-1.05WELL ahead
2025-01-30103.01103.74-1.02WELL ahead
2025-01-29101.46102.03-1.01WELL ahead
2025-01-28101.30103.71-1.17WELL ahead
2025-01-27100.55104.70-1.33WELL ahead
2025-01-24105.10103.41-0.85WELL ahead
2025-01-23105.11100.00-0.58WELL ahead
2025-01-22103.3599.18-0.65WELL ahead
2025-01-21104.33101.08-0.74WELL ahead
2025-01-17102.2897.81-0.64WELL ahead
2025-01-16102.7697.35-0.56WELL ahead
2025-01-15100.5495.73-0.61WELL ahead
2025-01-14100.3295.94-0.65WELL ahead
2025-01-13100.5095.07-0.57WELL ahead
2025-01-10100.5294.36-0.51WELL ahead
2025-01-08106.2495.64-0.17near the usual relationship
2025-01-07105.0193.95-0.13near the usual relationship
2025-01-06105.0093.81-0.12near the usual relationship
2025-01-03107.2495.15-0.07near the usual relationship
2025-01-02105.4894.31-0.14near the usual relationship
2024-12-31105.3395.30-0.24near the usual relationship
2024-12-30104.5594.46-0.23near the usual relationship
2024-12-27105.3094.53-0.18near the usual relationship
2024-12-26105.9495.58-0.23near the usual relationship
2024-12-24106.1295.73-0.23near the usual relationship
2024-12-23104.9694.99-0.26near the usual relationship
2024-12-20103.5894.25-0.31near the usual relationship
2024-12-19102.9593.60-0.31near the usual relationship
2024-12-18103.4894.97-0.39near the usual relationship
2024-12-17107.3397.72-0.33near the usual relationship
2024-12-16107.0197.32-0.33near the usual relationship
2024-12-13107.8097.64-0.30near the usual relationship
2024-12-12108.9597.13-0.18near the usual relationship
2024-12-11108.7597.24-0.21near the usual relationship
2024-12-10107.4397.75-0.35near the usual relationship
2024-12-09108.2497.89-0.31near the usual relationship
2024-12-06110.0399.34-0.30near the usual relationship
2024-12-05108.78100.28-0.47near the usual relationship
2024-12-04107.87101.02-0.60WELL ahead
2024-12-03107.65100.46-0.58WELL ahead
2024-12-02107.78101.35-0.64WELL ahead
2024-11-29109.64104.49-0.75WELL ahead
2024-11-27109.37105.34-0.84WELL ahead
2024-11-26109.28105.08-0.83WELL ahead
2024-11-25108.84102.65-0.69WELL ahead
2024-11-22104.60104.29-1.12WELL ahead
2024-11-21103.17104.26-1.24WELL ahead
2024-11-20102.65103.90-1.26WELL ahead
2024-11-19103.11104.49-1.28WELL ahead
2024-11-18101.60103.61-1.34WELL ahead
2024-11-15100.24102.86-1.40WELL ahead
2024-11-14100.33101.65-1.31WELL ahead
2024-11-13100.66102.05-1.33WELL ahead
2024-11-12100.87102.81-1.38WELL ahead
2024-11-11102.04104.08-1.40WELL ahead
2024-11-08102.89104.51-1.38WELL ahead
2024-11-07101.40103.54-1.43WELL ahead
2024-11-0699.51101.08-1.41WELL ahead
2024-11-05101.54102.18-1.34WELL ahead
2024-11-04100.08101.57-1.42WELL ahead
2024-11-0199.23100.78-1.44WELL ahead
2024-10-31101.44102.00-1.37WELL ahead
2024-10-30101.68104.70-1.58WELL ahead
2024-10-29101.20103.86-1.57WELL ahead
2024-10-28101.9598.74-1.11WELL ahead
2024-10-25102.1498.46-1.08WELL ahead
2024-10-24100.0699.85-1.37WELL ahead
2024-10-2399.5599.64-1.41WELL ahead
2024-10-2298.1298.37-1.43WELL ahead
2024-10-2198.3098.35-1.43WELL ahead
2024-10-18100.00100.00-1.44WELL ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jun 25, 2025 (EQIX -9.1%, WELL -0.5%); Jun 26, 2025 (EQIX -9.6%, WELL +0.0%); Feb 12, 2026 (EQIX +10.4%, WELL +0.1%). Upcoming earnings: WELL Oct 26, 2026 (after-hours); EQIX Oct 28, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

EQIX and WELL at a glance

EQIX Equinix Inc. Common Stock REIT

Listing
Nasdaq · SEC CIK 1101239
Industry
Real Estate Investment Trusts · SIC 6798 Real Estate Investment Trusts
Market value
$96.3B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

WELL Welltower Inc.

Listing
NYSE · SEC CIK 766704
Industry
Real Estate Investment Trusts · SIC 6798 Real Estate Investment Trusts
Market value
$168.3B
Price history
2,520 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
WELL / PLDWatchlistWELL by 2.56 sdReal Estate Investment Trusts
PLD / EQIXWatchlistEQIX by 0.71 sdReal Estate Investment Trusts

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.