EXC vs TEAM: Correlation
Measured on weekly returns over the past three years, Exelon (EXC) and Atlassian Corporation (TEAM) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and TEAM?
Across a 3-year window, the weekly returns of EXC and TEAM correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -362.3 %².
Out of 41 assets tracked against EXC, TEAM lands near the bottom at #41. Over the last 12 months TEAM came out ahead by 6.3 percentage points (+1.7% against +8.0%). Risk is not evenly split, since TEAM carries 3.2 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.
EXC vs TEAM: side by side
| EXC (Exelon) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +1.7% | +8.0% |
| 5-year return | +48.1% | -49.3% |
| Volatility (ann.) | 19.4% | 61.5% |
| Beta vs S&P 500 | -0.05 | 1.66 |
| Max drawdown (3Y) | -18.9% | -82.3% |
| Market cap | $45.3B | $47.0B |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EXC | TEAM |
|---|---|---|
| 2022 | +8.3% | -66.3% |
| 2023 | -14.0% | +84.8% |
| 2024 | +9.2% | +2.3% |
| 2025 | +20.0% | -33.4% |
| 2026 | +2.7% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and TEAM good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between EXC and TEAM?
As of 2026-08-27, the correlation of weekly returns between EXC and TEAM is -0.30 over 3 years, -0.32 over 1 year and -0.07 over 5 years.
Is TEAM a good diversifier for EXC?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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: EXC correlations · TEAM correlations
