DOCU vs TEAM: Correlation
DocuSign, Inc. (DOCU) and Atlassian Corporation (TEAM) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCU and TEAM?
Across a 3-year window, the weekly returns of DOCU and TEAM correlate at 0.58, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.58). Stretching to 5 years gives 0.60, with an annualized covariance of 1703.5 %².
TEAM is one of the assets that tracks DOCU most closely: it ranks #3 out of the 13 assets we track against DOCU. The last year tells two different stories: TEAM led by 22.6 percentage points, -14.6% for DOCU against +8.0% for TEAM.
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.
DOCU vs TEAM: side by side
| DOCU (DocuSign, Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -14.6% | +8.0% |
| 5-year return | -79.0% | -49.3% |
| Volatility (ann.) | 48.0% | 61.5% |
| Beta vs S&P 500 | 1.22 | 1.66 |
| Max drawdown (3Y) | -61.0% | -82.3% |
| Market cap | $12.2B | $47.0B |
| P/E (trailing) | 41.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCU | TEAM |
|---|---|---|
| 2022 | -63.6% | -66.3% |
| 2023 | +7.3% | +84.8% |
| 2024 | +51.3% | +2.3% |
| 2025 | -23.9% | -33.4% |
| 2026 | -6.7% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCU and TEAM good diversifiers for each other?
Only partially. A correlation of 0.58 means DOCU 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 DOCU and TEAM?
As of 2026-08-27, the correlation of weekly returns between DOCU and TEAM is 0.58 over 3 years, 0.70 over 1 year and 0.60 over 5 years.
Is TEAM a good diversifier for DOCU?
Only partially. A correlation of 0.58 means DOCU 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?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DOCU correlations · TEAM correlations
