DTE vs TEAM: Correlation
DTE Energy (DTE) and Atlassian Corporation (TEAM) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and TEAM?
Across a 3-year window, the weekly returns of DTE and TEAM correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.09, with an annualized covariance of -241.3 %².
Within DTE's tracked universe of 44 assets, TEAM comes in at #39 by 3-year correlation. The trailing year gives TEAM the advantage: +1.7% versus +8.0%, a 6.3-point spread. Risk is not evenly split, since TEAM carries 3.6 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.
DTE vs TEAM: side by side
| DTE (DTE Energy) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +1.7% | +8.0% |
| 5-year return | +33.3% | -49.3% |
| Volatility (ann.) | 17.1% | 61.5% |
| Beta vs S&P 500 | 0.07 | 1.66 |
| Max drawdown (3Y) | -12.4% | -82.3% |
| Market cap | $28.3B | $47.0B |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.39% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | DTE | TEAM |
|---|---|---|
| 2022 | +1.2% | -66.3% |
| 2023 | -2.8% | +84.8% |
| 2024 | +13.5% | +2.3% |
| 2025 | +10.4% | -33.4% |
| 2026 | +7.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and TEAM good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between DTE and TEAM?
As of 2026-08-27, the correlation of weekly returns between DTE and TEAM is -0.23 over 3 years, -0.38 over 1 year and -0.09 over 5 years.
Is TEAM a good diversifier for DTE?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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: DTE correlations · TEAM correlations
