FIVN vs TEAM: Correlation
Five9, Inc. (FIVN) and Atlassian Corporation (TEAM) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and TEAM?
Over the past 3 years, FIVN and TEAM moved with a correlation of 0.64, which is strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 2186.0 %².
Few assets follow FIVN as closely as TEAM, which ranks #2 of 23 tracked partners. The last year tells two different stories: FIVN led by 20.0 percentage points, +28.0% for FIVN 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.
FIVN vs TEAM: side by side
| FIVN (Five9, Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +28.0% | +8.0% |
| 5-year return | -81.3% | -49.3% |
| Volatility (ann.) | 55.7% | 61.5% |
| Beta vs S&P 500 | 1.84 | 1.66 |
| Max drawdown (3Y) | -84.1% | -82.3% |
| Market cap | $2.6B | $47.0B |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | TEAM |
|---|---|---|
| 2022 | -50.6% | -66.3% |
| 2023 | +16.0% | +84.8% |
| 2024 | -48.4% | +2.3% |
| 2025 | -50.7% | -33.4% |
| 2026 | +72.4% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and TEAM good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FIVN and TEAM?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.72 over the last year and 0.65 over 5 years.
Is TEAM a good diversifier for FIVN?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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: FIVN correlations · TEAM correlations
