RBRK vs TEAM: Correlation
How closely do Rubrik, Inc. (RBRK) and Atlassian Corporation (TEAM) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBRK and TEAM?
Across a 3-year window, the weekly returns of RBRK and TEAM correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 2423.5 %².
By 3-year correlation, TEAM places #5 of the 20 assets tracked against RBRK. Over the last 12 months RBRK came out ahead by 14.3 percentage points (+22.3% 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.
RBRK vs TEAM: side by side
| RBRK (Rubrik, Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +22.3% | +8.0% |
| 5-year return | n/a | -49.3% |
| Volatility (ann.) | 63.9% | 61.5% |
| Beta vs S&P 500 | 1.92 | 1.66 |
| Max drawdown (3Y) | -56.1% | -82.3% |
| Market cap | $22.0B | $47.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBRK | TEAM |
|---|---|---|
| 2022 | – | -66.3% |
| 2023 | – | +84.8% |
| 2024 | – | +2.3% |
| 2025 | +17.0% | -33.4% |
| 2026 | +39.9% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBRK and TEAM good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RBRK and TEAM?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is TEAM a good diversifier for RBRK?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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: RBRK correlations · TEAM correlations
