diff --git a/docs/content/en/helpers/reqRef.md b/docs/content/en/helpers/reqRef.md
index e837bf13..f20d78c0 100644
--- a/docs/content/en/helpers/reqRef.md
+++ b/docs/content/en/helpers/reqRef.md
@@ -3,13 +3,16 @@ title: reqRef, reqSsrRef
 description: '@nuxtjs/composition-api provides a way to use the Vue 3 Composition API with Nuxt-specific features.'
 category: Helpers
 fullscreen: True
+badge: deprecated
 version: 0.133
 position: 12
 ---
 
 `reqRef` declares a normal `ref` with one key difference. It resets the value of this ref on each request. You can find out [more information here](/getting-started/gotchas#shared-server-state).
 
-<alert>You should take especial care because of the danger of shared state when using refs in this way.</alert>
+<alert>You do not need a `reqRef` if you are using an `ssrRef` within a component setup function as it will be automatically tied to the per-request state.</alert>
+
+<alert type="warning">You should take especial care because of the danger of shared state when using refs in this way.</alert>
 
 
 ## Example
diff --git a/docs/content/en/helpers/ssrRef.md b/docs/content/en/helpers/ssrRef.md
index b1f05791..b5c929d7 100644
--- a/docs/content/en/helpers/ssrRef.md
+++ b/docs/content/en/helpers/ssrRef.md
@@ -8,6 +8,8 @@ position: 14
 
 When creating composition utility functions, often there will be server-side state that needs to be conveyed to the client.
 
+<alert>If initialised within `setup()` or via `onGlobalSetup`, `ssrRef` data will exist *only* within the request state. If initialised *outside* a component there is the possibility that an `ssrRef` may share state across requests.</alert>
+
 ## ssrRef
 
 `ssrRef` will automatically add ref values to `window.__NUXT__` on SSR if they have been changed from their initial value. It can be used outside of components, such as in shared utility functions, and it supports passing a factory function that will generate the initial value of the ref.
diff --git a/src/hooks.ts b/src/hooks.ts
index deefd19a..0406f2af 100644
--- a/src/hooks.ts
+++ b/src/hooks.ts
@@ -44,12 +44,14 @@ export const setMetaPlugin: Plugin = context => {
  * @private
  */
 export const globalPlugin: Plugin = context => {
-  const { setup } = context.app
-  globalSetup = new Set<SetupFunction>()
   if (process.server) {
     reqRefs.forEach(reset => reset())
+    setSSRContext(context.app)
   }
 
+  const { setup } = context.app
+  globalSetup = new Set<SetupFunction>()
+
   context.app.setup = function (...args) {
     let result = {}
     if (setup instanceof Function) {
@@ -60,9 +62,4 @@ export const globalPlugin: Plugin = context => {
     }
     return result
   }
-
-  if (!process.server) return
-  if (context.app.context.ssrContext) {
-    setSSRContext(context.app.context.ssrContext)
-  }
 }
diff --git a/src/req-ref.ts b/src/req-ref.ts
index b5ada4f4..2d69752d 100644
--- a/src/req-ref.ts
+++ b/src/req-ref.ts
@@ -4,6 +4,9 @@ import { sanitise, ssrRef } from './ssr-ref'
 
 export const reqRefs = new Set<() => void>()
 
+/**
+ * @deprecated
+ */
 export const reqRef = <T>(initialValue: T): Ref<T> => {
   const _ref = ref(initialValue)
 
@@ -12,6 +15,9 @@ export const reqRef = <T>(initialValue: T): Ref<T> => {
   return _ref as Ref<T>
 }
 
+/**
+ * @deprecated
+ */
 export const reqSsrRef = <T>(initialValue: T, key?: string) => {
   const _ref = ssrRef(initialValue, key)
 
diff --git a/src/ssr-ref.ts b/src/ssr-ref.ts
index 455db019..84273c62 100644
--- a/src/ssr-ref.ts
+++ b/src/ssr-ref.ts
@@ -1,5 +1,6 @@
 import {
   customRef,
+  getCurrentInstance,
   onServerPrefetch,
   ref,
   shallowRef,
@@ -14,11 +15,39 @@ function getValue<T>(value: T | (() => T)): T {
   return value
 }
 
-let data: any = {}
+let globalRefs: any = {}
 
-export function setSSRContext(ssrContext: any) {
-  data = Object.assign({}, {})
-  ssrContext.nuxt.ssrRefs = data
+export function setSSRContext(app: any) {
+  globalRefs = Object.assign({}, {})
+  app.context.ssrContext.nuxt.globalRefs = globalRefs
+}
+
+const useServerData = () => {
+  let type: 'globalRefs' | 'ssrRefs' = 'globalRefs'
+
+  const vm = getCurrentInstance()
+
+  if (vm) {
+    type = 'ssrRefs'
+    if (process.server) {
+      const { ssrContext } = vm[globalNuxt].context
+      ;(ssrContext as any).nuxt.ssrRefs = (ssrContext as any).nuxt.ssrRefs || {}
+    }
+  }
+
+  const setData = (key: string, val: any) => {
+    switch (type) {
+      case 'globalRefs':
+        globalRefs[key] = sanitise(val)
+        break
+      case 'ssrRefs':
+        ;(vm![globalNuxt].context.ssrContext as any).nuxt.ssrRefs[
+          key
+        ] = sanitise(val)
+    }
+  }
+
+  return { type, setData }
 }
 
 const isProxyable = (val: unknown): val is Record<string, unknown> =>
@@ -27,7 +56,11 @@ const isProxyable = (val: unknown): val is Record<string, unknown> =>
 export const sanitise = (val: unknown) =>
   (val && JSON.parse(JSON.stringify(val))) || val
 
-const ssrValue = <T>(value: T | (() => T), key: string): T => {
+const ssrValue = <T>(
+  value: T | (() => T),
+  key: string,
+  type: 'globalRefs' | 'ssrRefs' = 'globalRefs'
+): T => {
   if (process.client) {
     if (
       process.env.NODE_ENV === 'development' &&
@@ -35,7 +68,7 @@ const ssrValue = <T>(value: T | (() => T), key: string): T => {
     ) {
       return getValue(value)
     }
-    return (window as any)[globalContext]?.ssrRefs?.[key] ?? getValue(value)
+    return (window as any)[globalContext]?.[type]?.[key] ?? getValue(value)
   }
   return getValue(value)
 }
@@ -61,11 +94,14 @@ const ssrValue = <T>(value: T | (() => T), key: string): T => {
  */
 export const ssrRef = <T>(value: T | (() => T), key?: string): Ref<T> => {
   validateKey(key)
-  let val = ssrValue(value, key)
+
+  const { type, setData } = useServerData()
+
+  let val = ssrValue(value, key, type)
 
   if (process.client) return ref(val) as Ref<T>
 
-  if (value instanceof Function) data[key] = sanitise(val)
+  if (value instanceof Function) setData(key, val)
 
   const getProxy = <T extends Record<string | number, any>>(
     track: () => void,
@@ -81,7 +117,7 @@ export const ssrRef = <T>(value: T | (() => T), key?: string): Ref<T> => {
       },
       set(obj, prop, newVal) {
         const result = Reflect.set(obj, prop, newVal)
-        data[key] = sanitise(val)
+        setData(key, val)
         trigger()
         return result
       },
@@ -94,7 +130,7 @@ export const ssrRef = <T>(value: T | (() => T), key?: string): Ref<T> => {
       return val
     },
     set: (v: T) => {
-      data[key] = sanitise(v)
+      setData(key, v)
       val = v
       trigger()
     },
@@ -107,7 +143,7 @@ export const ssrRef = <T>(value: T | (() => T), key?: string): Ref<T> => {
  * This helper creates a [`shallowRef`](https://vue-composition-api-rfc.netlify.app/api.html#shallowref) (a ref that tracks its own .value mutation but doesn't make its value reactive) that is synced between client & server.
  * @param value This can be an initial value or a factory function that will be executed on server-side to get the initial value.
  * @param key Under the hood, `shallowSsrRef` requires a key to ensure that the ref values match between client and server. If you have added `@nuxtjs/composition-api` to your `buildModules`, this will be done automagically by an injected Babel plugin. If you need to do things differently, you can specify a key manually or add `@nuxtjs/composition-api/babel` to your Babel plugins.
- 
+
  * @example
   ```ts
   import { shallowSsrRef, onMounted } from '@nuxtjs/composition-api'
@@ -127,13 +163,14 @@ export const shallowSsrRef = <T>(
   key?: string
 ): Ref<T> => {
   validateKey(key)
+  const { type, setData } = useServerData()
 
-  if (process.client) return shallowRef(ssrValue(value, key))
+  if (process.client) return shallowRef(ssrValue(value, key, type))
 
   const _val = getValue(value)
 
   if (value instanceof Function) {
-    data[key] = sanitise(_val)
+    setData(key, _val)
   }
 
   return customRef((track, trigger) => ({
@@ -142,7 +179,7 @@ export const shallowSsrRef = <T>(
       return _val
     },
     set(newValue: T) {
-      data[key] = sanitise(newValue)
+      setData(key, newValue)
       value = newValue
       trigger()
     },
@@ -167,13 +204,13 @@ export const shallowSsrRef = <T>(
       setup() {
         const _promise = ssrPromise(async () => myAsyncFunction())
         const resolvedPromise = ref(null)
-        
+
         onBeforeMount(async () => {
           resolvedPromise.value = await _promise
         })
 
         return {
-          // On the server, this will be null until the promise resolves. 
+          // On the server, this will be null until the promise resolves.
           // On the client, if server-rendered, this will always be the resolved promise.
           resolvedPromise,
         }
@@ -186,12 +223,13 @@ export const ssrPromise = <T>(
   key?: string
 ): Promise<T> => {
   validateKey(key)
+  const { type, setData } = useServerData()
 
-  const val = ssrValue(value, key)
+  const val = ssrValue(value, key, type)
   if (process.client) return Promise.resolve(val)
 
   onServerPrefetch(async () => {
-    data[key] = sanitise(await val)
+    setData(key, await val)
   })
   return val
 }
diff --git a/test/unit/__snapshots__/ssr-ref.spec.ts.snap b/test/unit/__snapshots__/ssr-ref.spec.ts.snap
index 9e9089b3..34af58c0 100644
--- a/test/unit/__snapshots__/ssr-ref.spec.ts.snap
+++ b/test/unit/__snapshots__/ssr-ref.spec.ts.snap
@@ -3,6 +3,7 @@
 exports[`ssrRef reactivity ssrRefs react to change in state 1`] = `
 Object {
   "nuxt": Object {
+    "globalRefs": Object {},
     "ssrRefs": Object {
       "name": "full name",
     },
@@ -13,6 +14,7 @@ Object {
 exports[`ssrRef reactivity ssrRefs react to deep change in array state 1`] = `
 Object {
   "nuxt": Object {
+    "globalRefs": Object {},
     "ssrRefs": Object {
       "obj": Object {
         "deep": Object {
@@ -31,6 +33,7 @@ Object {
 exports[`ssrRef reactivity ssrRefs react to deep change in object state 1`] = `
 Object {
   "nuxt": Object {
+    "globalRefs": Object {},
     "ssrRefs": Object {
       "obj": Object {
         "deep": Object {
@@ -43,3 +46,14 @@ Object {
   },
 }
 `;
+
+exports[`ssrRef reactivity ssrRefs within multiple requests 1`] = `
+Object {
+  "nuxt": Object {
+    "globalRefs": Object {},
+    "ssrRefs": Object {
+      "concurrentRef": 2,
+    },
+  },
+}
+`;
diff --git a/test/unit/ssr-ref.spec.ts b/test/unit/ssr-ref.spec.ts
index 7141e98a..35dbbfab 100644
--- a/test/unit/ssr-ref.spec.ts
+++ b/test/unit/ssr-ref.spec.ts
@@ -1,14 +1,13 @@
 /**
  * @jest-environment jsdom
  */
-import { ssrRef, setSSRContext } from '../..'
+import { ssrRef, globalPlugin } from '../..'
+import * as cAPI from '@vue/composition-api'
 
 jest.setTimeout(60000)
 
-/* eslint-disable @typescript-eslint/no-var-requires */
-const { setup, get } = require('@nuxtjs/module-test-utils')
-const config = require('../fixture/nuxt.config')
-/* eslint-enable */
+import { setup, get } from '@nuxtjs/module-test-utils'
+import config from '../fixture/nuxt.config'
 
 let nuxt
 
@@ -45,8 +44,14 @@ describe('ssrRef reactivity', () => {
   let ssrContext: Record<string, any>
 
   beforeEach(async () => {
+    process.server = true
     ssrContext = Object.assign({}, { nuxt: {} })
-    setSSRContext(ssrContext)
+    ;(cAPI as any).getCurrentInstance = () => ({
+      $nuxt: {
+        context: { ssrContext },
+      },
+    })
+    globalPlugin({ app: { context: { ssrContext } } } as any, null)
   })
   test('ssrRefs react to change in state', async () => {
     process.client = false
@@ -67,4 +72,18 @@ describe('ssrRef reactivity', () => {
     obj.value.deep.object[0].name = 'full name'
     expect(ssrContext).toMatchSnapshot()
   })
+
+  test('ssrRefs within multiple requests', async () => {
+    const concurrentRef = ssrRef(1, 'concurrentRef')
+
+    // simulate the new request comes in
+    globalPlugin(
+      { app: { context: { ssrContext: { nuxt: {} } } } } as any,
+      null
+    )
+
+    concurrentRef.value = 2
+
+    expect(ssrContext).toMatchSnapshot()
+  })
 })