NKE vs TISI: Correlation
Measured on weekly returns over the past three years, Nike, Inc. (NKE) and Team, Inc. (TISI) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NKE and TISI?
Over the past 3 years, NKE and TISI moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -508.4 %².
By 3-year correlation, TISI places #25 of the 33 assets tracked against NKE. Their recent paths diverged sharply: over the last 12 months TISI outperformed by 72.4 percentage points (-49.4% for NKE against +23.0% for TISI). Note the risk asymmetry: TISI runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NKE vs TISI: side by side
| NKE (Nike, Inc.) | TISI (Team, Inc.) | |
|---|---|---|
| 1-year return | -49.4% | +23.0% |
| 5-year return | -75.2% | -43.8% |
| Volatility (ann.) | 36.6% | 70.2% |
| Beta vs S&P 500 | 0.93 | 0.22 |
| Max drawdown (3Y) | -66.9% | -50.0% |
| Market cap | $57.0B | $0.1B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 4.22% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NKE | TISI |
|---|---|---|
| 2022 | -29.0% | -51.8% |
| 2023 | -6.0% | +25.7% |
| 2024 | -29.1% | +92.1% |
| 2025 | -13.8% | +11.4% |
| 2026 | -38.7% | +69.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NKE and TISI good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between NKE and TISI?
The NKE/TISI correlation stands at -0.20 on a 3-year window (1 year: -0.16, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is TISI a good diversifier for NKE?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nke-vs-tisi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nke-vs-tisi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NKE correlations · TISI correlations
