D vs TEAM: Correlation
How closely do Dominion Energy (D) and Atlassian Corporation (TEAM) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and TEAM?
Across a 3-year window, the weekly returns of D and TEAM correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.21 over 3 years. Stretching to 5 years gives -0.09, with an annualized covariance of -264.1 %².
Among the 31 assets we track against D, TEAM sits near the bottom by co-movement, at rank #27. The trailing year gives D the advantage: +15.1% versus +8.0%, a 7.1-point spread. Note the risk asymmetry: TEAM runs 3.0 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.
D vs TEAM: side by side
| D (Dominion Energy) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +15.1% | +8.0% |
| 5-year return | +6.1% | -49.3% |
| Volatility (ann.) | 20.5% | 61.5% |
| Beta vs S&P 500 | 0.18 | 1.66 |
| Max drawdown (3Y) | -19.1% | -82.3% |
| Market cap | $58.5B | $47.0B |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 3.99% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | D | TEAM |
|---|---|---|
| 2022 | -19.1% | -66.3% |
| 2023 | -19.1% | +84.8% |
| 2024 | +20.4% | +2.3% |
| 2025 | +14.0% | -33.4% |
| 2026 | +15.9% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and TEAM good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between D and TEAM?
The D/TEAM correlation stands at -0.21 on a 3-year window (1 year: -0.36, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TEAM a good diversifier for D?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: D correlations · TEAM correlations
