To verify if the relation \( R \) defined on the interval \( [0, \frac{\pi}{2}] \) by \( xRy \) if and only if \( \sec^2 x - \tan^2 y = 1 \) is an equivalence relation, we must assess its reflexivity, symmetry, and transitivity.
Since \( R \) does not satisfy transitivity, \( R \) is not an equivalence relation.