CRM vs TEAM: Correlation
Salesforce (CRM) and Atlassian Corporation (TEAM) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and TEAM?
On 3 years of weekly data the CRM/TEAM correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 1449.4 %².
Within CRM's tracked universe of 68 assets, TEAM comes in at #11 by 3-year correlation. The trailing year gives TEAM the advantage: +1.6% versus +8.0%, a 6.4-point spread. Note the risk asymmetry: TEAM runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CRM vs TEAM: side by side
| CRM (Salesforce) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +1.6% | +8.0% |
| 5-year return | -3.2% | -49.3% |
| Volatility (ann.) | 37.6% | 61.5% |
| Beta vs S&P 500 | 1.21 | 1.66 |
| Max drawdown (3Y) | -58.7% | -82.3% |
| Market cap | $207.4B | $47.0B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | TEAM |
|---|---|---|
| 2022 | -47.8% | -66.3% |
| 2023 | +98.5% | +84.8% |
| 2024 | +27.8% | +2.3% |
| 2025 | -20.2% | -33.4% |
| 2026 | -4.4% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and TEAM good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRM and TEAM?
The CRM/TEAM correlation stands at 0.63 on a 3-year window (1 year: 0.64, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is TEAM a good diversifier for CRM?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crm-vs-team.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-team/)
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Related comparisons
Hubs: CRM correlations · TEAM correlations
