INTU vs TEAM: Correlation
Measured on weekly returns over the past three years, Intuit (INTU) and Atlassian Corporation (TEAM) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTU and TEAM?
On 3 years of weekly data the INTU/TEAM correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 1133.3 %².
By 3-year correlation, TEAM places #11 of the 45 assets tracked against INTU. Their recent paths diverged sharply: over the last 12 months TEAM outperformed by 54.9 percentage points (-46.9% for INTU against +8.0% for TEAM). Risk is not evenly split, since TEAM carries 1.7 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.
INTU vs TEAM: side by side
| INTU (Intuit) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -46.9% | +8.0% |
| 5-year return | -36.2% | -49.3% |
| Volatility (ann.) | 36.2% | 61.5% |
| Beta vs S&P 500 | 0.70 | 1.66 |
| Max drawdown (3Y) | -68.2% | -82.3% |
| Market cap | $95.2B | $47.0B |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | INTU | TEAM |
|---|---|---|
| 2022 | -39.1% | -66.3% |
| 2023 | +61.8% | +84.8% |
| 2024 | +1.2% | +2.3% |
| 2025 | +6.1% | -33.4% |
| 2026 | -47.0% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTU and TEAM good diversifiers for each other?
Only partially. A correlation of 0.51 means INTU 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 INTU and TEAM?
The INTU/TEAM correlation stands at 0.51 on a 3-year window (1 year: 0.60, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is TEAM a good diversifier for INTU?
Only partially. A correlation of 0.51 means INTU 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 0.51 mean?
On the −1 to +1 scale, 0.51 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: INTU correlations · TEAM correlations
