ADSK vs TEAM: Correlation
Measured on weekly returns over the past three years, Autodesk (ADSK) and Atlassian Corporation (TEAM) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and TEAM?
Over the past 3 years, ADSK and TEAM moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1096.4 %².
Among the 44 assets we track against ADSK, TEAM ranks #15 by 3-year correlation. On 12-month performance TEAM holds a 13.4-point edge, -5.4% against +8.0%. Risk is not evenly split, since TEAM carries 2.0 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADSK vs TEAM: side by side
| ADSK (Autodesk) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -5.4% | +8.0% |
| 5-year return | -13.7% | -49.3% |
| Volatility (ann.) | 30.9% | 61.5% |
| Beta vs S&P 500 | 1.04 | 1.66 |
| Max drawdown (3Y) | -42.6% | -82.3% |
| Market cap | $57.1B | $47.0B |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | TEAM |
|---|---|---|
| 2022 | -33.5% | -66.3% |
| 2023 | +30.3% | +84.8% |
| 2024 | +21.4% | +2.3% |
| 2025 | +0.1% | -33.4% |
| 2026 | -8.6% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and TEAM good diversifiers for each other?
Only partially. A correlation of 0.58 means ADSK and TEAM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADSK and TEAM?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.61 over the last year and 0.59 over 5 years.
Is TEAM a good diversifier for ADSK?
Only partially. A correlation of 0.58 means ADSK and TEAM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADSK correlations · TEAM correlations
