diff --git a/tests/test_variable_set_equality.py b/tests/test_variable_set_equality.py
new file mode 100644
index 0000000..816acbd
--- /dev/null
+++ b/tests/test_variable_set_equality.py
@@ -0,0 +1,51 @@
+import typing as t
+import unittest
+
+from uritemplate import URITemplate
+from uritemplate import variables
+from uritemplate.orderedset import OrderedSet
+
+
+class TestVariableSetEquality(unittest.TestCase):
+    def test_builtin_set_equality(self) -> None:
+        cases = [
+            ("", set(), True),
+            ("{a}", {"a"}, True),
+            ("{a,b}", {"a", "b"}, True),
+            ("{a}", {"a", "b"}, False),
+            ("{a,b}", {"a"}, False),
+            ("{a,b}", {"a", "c"}, False),
+            ("{a}", {"b"}, False),
+            ("", {"a"}, False),
+            ("{a}", set(), False),
+        ]
+        for uri, names, expected in cases:
+            for operand in (names, frozenset(names)):
+                with self.subTest(uri=uri, names=operand):
+                    result = variables(uri)
+                    self.assertEqual(result == operand, expected)
+                    self.assertEqual(operand == result, expected)
+                    self.assertEqual(result != operand, not expected)
+                    self.assertEqual(
+                        URITemplate(uri).variable_names == operand, expected
+                    )
+
+    def test_ordered_comparison_keeps_order(self) -> None:
+        self.assertEqual(variables("{a,b}"), OrderedSet(["a", "b"]))
+        self.assertNotEqual(variables("{a,b}"), OrderedSet(["b", "a"]))
+        self.assertEqual(variables(""), OrderedSet())
+
+    def test_iterable_comparison(self) -> None:
+        for names, expected in [
+            (["a", "a"], True),
+            (["a", "b"], False),
+            ([], False),
+        ]:
+            operands: t.List[t.Iterable[str]] = [
+                names,
+                tuple(names),
+                iter(names),
+            ]
+            for operand in operands:
+                with self.subTest(names=names, operand=type(operand)):
+                    self.assertEqual(variables("{a}") == operand, expected)
diff --git a/uritemplate/orderedset.py b/uritemplate/orderedset.py
index dd7cd1a..345e0f9 100644
--- a/uritemplate/orderedset.py
+++ b/uritemplate/orderedset.py
@@ -89,4 +89,4 @@ def __eq__(self, other: object) -> bool:
         if isinstance(other, OrderedSet):
             return len(self) == len(other) and list(self) == list(other)
         other = t.cast(t.Iterable[str], other)
-        return not self.isdisjoint(other)
+        return set(self) == set(other)