  We introduce a hierachy of equivalence relations on the set of separated nets
of a given Euclidean space, indexed by concave increasing functions $\phi\colon
(0,\infty)\to(0,\infty)$. Two separated nets are called $\phi$-displacement
equivalent if, roughly speaking, there is a bijection between them which, for
large radii $R$, displaces points of norm at most $R$ by something of order at
most $\phi(R)$. We show that the spectrum of $\phi$-displacement equivalence
spans from the established notion of bounded displacement equivalence, which
corresponds to bounded $\phi$, to the indiscrete equivalence relation,
coresponding to $\phi(R)\in \Omega(R)$, in which all separated nets are
equivalent. In between the two ends of this spectrum, the notions of
$\phi$-displacement equivalence are shown to be pairwise distinct with respect
to the asymptotic classes of $\phi(R)$ for $R\to\infty$. We further undertake a
comparison of our notion of $\phi$-displacement equivalence with previously
studied relations on separated nets. Particular attention is given to the
interaction of the notions of $\phi$-displacement equivalence with that of
bilipschitz equivalence.
