PEG vs TEAM: Correlation
Public Service Enterprise Group (PEG) and Atlassian Corporation (TEAM) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEG and TEAM?
Over the past 3 years, PEG and TEAM moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -266.3 %².
Within PEG's tracked universe of 32 assets, TEAM comes in at #27 by 3-year correlation. The last year tells two different stories: TEAM led by 16.6 percentage points, -8.6% for PEG against +8.0% for TEAM. One caveat on sizing: TEAM is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PEG vs TEAM: side by side
| PEG (Public Service Enterprise Group) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -8.6% | +8.0% |
| 5-year return | +34.9% | -49.3% |
| Volatility (ann.) | 18.9% | 61.5% |
| Beta vs S&P 500 | 0.25 | 1.66 |
| Max drawdown (3Y) | -18.8% | -82.3% |
| Market cap | $36.5B | $47.0B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 3.51% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PEG | TEAM |
|---|---|---|
| 2022 | -5.1% | -66.3% |
| 2023 | +3.6% | +84.8% |
| 2024 | +42.6% | +2.3% |
| 2025 | -1.9% | -33.4% |
| 2026 | -7.1% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEG and TEAM good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEG and TEAM?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.33 over the last year and -0.04 over 5 years.
Is TEAM a good diversifier for PEG?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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: PEG correlations · TEAM correlations
