PAYC vs TEAM: Correlation
Paycom Software, Inc. (PAYC) and Atlassian Corporation (TEAM) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYC and TEAM?
Over the past 3 years, PAYC and TEAM moved with a correlation of 0.59, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.79 versus 0.59 over 3 years. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 1693.1 %².
TEAM is one of the assets that tracks PAYC most closely: it ranks #2 out of the 17 assets we track against PAYC. Neither side won the trailing year by much: +5.0% against +8.0%.
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.
PAYC vs TEAM: side by side
| PAYC (Paycom Software, Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +5.0% | +8.0% |
| 5-year return | -50.2% | -49.3% |
| Volatility (ann.) | 46.9% | 61.5% |
| Beta vs S&P 500 | 0.72 | 1.66 |
| Max drawdown (3Y) | -60.8% | -82.3% |
| Market cap | $10.7B | $47.0B |
| P/E (trailing) | 25.1 | – |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAYC | TEAM |
|---|---|---|
| 2022 | -25.3% | -66.3% |
| 2023 | -33.1% | +84.8% |
| 2024 | -0.0% | +2.3% |
| 2025 | -21.7% | -33.4% |
| 2026 | +49.8% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYC and TEAM good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAYC and TEAM?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.79 over the last year and 0.63 over 5 years.
Is TEAM a good diversifier for PAYC?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/payc-vs-team.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/payc-vs-team/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAYC correlations · TEAM correlations
